Airdrop-Powered Gains: 3 Newly Launched Cryptos That Outperformed the Market This Week

Key Takeaways

• IP, KAITO, and BERA make their mark in the market, with impressive gains following their airdrops.
• While IP’s price might experience correction after the gains, KAITO is still in its price discovery stage.
• BERA’s rally was triggered by a golden cross, and indicators showed that it could trade higher.

The market shows signs of stabilization as the third week of February nears its end. Performance has improved compared to the week when Donald Trump announced tariffs, triggering counter-reactions.

However, this week, the market reveals an exciting trend: out of the top 10 performers in the top 300 cryptos, 30% are newly launched.

What’s even more interesting is that these top gainers also airdropped tokens to their communities. Here’s a rundown of their performance and what might come next.

Story (IP) Shines, but Faces Crucial Test

IP, the utility token of the Story Protocol, leads this week’s top crypto gainers. Over the last seven days, IP’s price has increased 164%, aligning with CCN’s forecast that the rally, which started on Feb.18, will continue.

Story Protocol, an AI-focused project with fundamentals in intellectual property, launched its Mainnet on Feb. 13. On that same day, the project distributed rewards in the form of IP airdrops to its users.

While IP initially encountered selling pressure as its price tumbled by double digits, the turnaround did not take long. IP’s price increase was due to rising buying pressure, as shown by the Chaikin Money Flow (CMF).

This increase in demand sent the token’s value to $5.67. However, the 4-hour chart shows that IP faced resistance there and has fallen below the 0.618 Fibonacci retracement level, also known as the golden ratio line.

In addition, the CMF reading has dropped to the negative region, indicating that the altcoin is seeing a lot of profit-taking. Should this trend continue, IP’s price might fall to $2.93 at the 0.236 pullback ratio.

On the flip side, if IP bounced as breaks above the 0.618 golden pocket ratio, this decline might not happen. Instead, the cryptocurrency’s value could rise to the top of the bullish wick at $8, hitting a new all-time high in the process.

Kaito (KAITO) Price Discovery in Motion

Second on the list of this new top crypto gainers in KAITO. Like Story, Kaito is also an AI-based blockchain project.

However, in its own case, it uses AI to sift through and simplify the vast data in the web3 ecosystem while delivering quick and clear insights.

On Feb. 20, the KAITO AI project launched its native token and also airdropped rewards to some early users.

Since launch, KAITO’s price has increased by over 50%, currently trading at $1.80. As it stands, the cryptocurrency still appears to be in price discovery mode.

If buying pressure increases, KAITO’s price could rally all the way to $2.10. However, if the token experiences rising selling pressure, that might not happen, as the price could face a correction toward $1, as shown above on the one-hour chart.

Golden Cross Fuels Berachain’s (BERA) Rally

Last on the list of newly launched crypto gainers is BERA, the native token of the Berachain project. Berachain launched earlier on Feb. 6 with an airdrop allocation as well.

Soon after that, the cryptocurrency’s price plunged and is currently 44% from its all-time high. However, this week, BERA’s price surged by 45% as it reclaimed $8.

Based on the 4-hour chart, the cryptocurrency experienced a surge as it formed higher lows and traded within an ascending channel. Furthermore, the Exponential Moving Average (EMA) position on the same timeframe also accelerated the uptrend.

The 20 EMA (blue) crossed above the 50 EMA (yellow)as BERA’s price neared $6. This crossover, known as a golden cross, validated the bullish setup and helped extend the price increase.

In addition, the EMAs have maintained that position. With no resistance in sight, BERA’ price could extend the rally to $9.18. In a highly bullish scenario, the toke could hit $10.

However, if the altcoin gets overbought, this trend might reverse. In that case, BERA might face a correction to $6.42.