Identifying current cryptocurrency trends in February 2026 involves distinguishing between assets facing technical corrections and projects approaching the end of their initial distribution phases. Polygon recently experienced a brief 12% increase to $0.11 following the adoption of the ERC 8004 standard, but subsequently retraced to a low of $0.09. Concurrently, Bittensor recorded a 21% weekly drop to $172, underperforming several other Layer 1 networks despite continued ecosystem expansion.
In contrast, BlockDAG is entering its Final Private Round, which represents the last opportunity to acquire BDAG tokens at $0.00025 before the presale smart contract is permanently deactivated. With over $452 million raised to date, this report examines the technical challenges facing established assets alongside the final supply window of the BlockDAG project.
Polygon Retraces Following Network Upgrade and Short-Term Rally
Polygon saw a temporary price increase of 12% on February 3, reaching $0.1140 after the network integrated the ERC 8004 trustless agent standard. This update is designed to allow autonomous agents on Layer 2 networks to maintain portable identity and reputation. The rally was initially supported by on-chain data, including net flows of $13.6 million within a 24-hour period.
However, the upward momentum was short-lived, and Polygon declined to $0.09 by February 6, marking a new historical low and bringing its market capitalization to approximately $961.68 million. This price action suggests that technical upgrades have not yet been sufficient to offset broader bearish sentiment within the Layer 2 sector.
Data from January shows that Polygon executed its largest monthly token burn, with over 25 million POL tokens removed from circulation. Additionally, the stablecoin supply on the network grew by $29 million, indicating capital movement despite the price decrease. Nevertheless, technical indicators remain largely negative, and analysts suggest that if support levels fail, the asset could see further downside toward the $0.04 range.
Bittensor Records Significant Decline Despite Subnet Expansion
Bittensor has faced consistent selling pressure in early February, with the price of TAO fluctuating between $172 and $179. The asset has dropped 6.8% in a 24-hour window and 21% over the past week, a decline that exceeds the broader market’s 19.6% weekly contraction.
This downturn persists even as Bittensor grows its subnet ecosystem, with recent additions such as SN11 TrajectoryRL and SN60 Bitsec intended to enhance network functionality. To date, these fundamental developments have not translated into price support.
Daily trading volume remains significant at approximately $151.18 million, suggesting active distribution rather than a lack of market interest. The total market valuation has adjusted to $1.91 billion as capital exposure to AI-blockchain integrations is reduced. Current market sentiment, as measured by the Fear and Greed Index, sits at 25, reflecting a state of “extreme fear.”
BlockDAG Enters Final Stage of Token Distribution
BlockDAG has reached the final phase of its direct token allocation. According to the project’s roadmap, the presale phase has concluded, and this Final Private Round is intended to distribute the remaining BDAG supply before the smart contract is closed. Once the allocation is fully filled, BDAG will transition to being available exclusively through public exchanges.
This closure is governed by a fixed supply limit within the distribution smart contract. When this limit is reached, a closing function will disable further direct purchases. Following this event, the valuation of BDAG will be determined by open market dynamics and exchange-based trading.
The current allocation price is set at $0.00025, while the projected exchange listing price is $0.05. This discrepancy represents the final window for participants to access the asset at its initial cost basis before it is subject to live exchange price discovery.
With total funding exceeding $452 million, the project has demonstrated sustained demand throughout its multi-stage rollout. The finality of this round is enforced by the underlying code rather than adjustable timelines, meaning that once the remaining supply is allocated, direct access from the project will cease permanently.
For those monitoring market entries, the current period represents a transition from a fixed-price environment to a market-driven one. Real-time data on the project dashboard indicates the proximity to closure. Unlike the current volatility seen in Polygon or Bittensor, the BlockDAG distribution model is approaching a binary conclusion: the final tokens will be distributed before public trading commences on February 16.
Final Assessment of February 2026 Market Conditions
The cryptocurrency landscape in February 2026 shows a clear divergence between assets attempting to find support and those completing their initial funding. Polygon’s drop to $0.09 following its upgrade and Bittensor’s 21% decline highlight the current technical pressure on established tokens.
Meanwhile, BlockDAG is finalizing its $452 million capital raise with a final allocation at $0.00025. As the project moves toward its exchange debut, the focus shifts from presale participation to open market performance.
BlockDAG Project Links:
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Private Final Round: https://purchase.blockdag.network
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Website: https://blockdag.network
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Telegram: https://t.me/blockDAGnetworkOfficial
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Discord: https://discord.gg/Q7BxghMVyu
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
