MKR, THETA, ENJ, MET: These 4 Cryptos Outperformed the Market in February

While BTC lifted the broader market, lesser-known names like Maker, Theta Token, Enjin and Metronome outshined with double-digit gains.

Of the four, MKR was the month's best performing large-cap cryptocurrency, defined as one with a market capitalization above $500 million.

Percent gain over the course of February and was able to reach $773 on February 24.

As it stands, MKR is the second most expensive cryptocurrency in the entire market after the world's largest, bitcoin.

MKR tokens are created or destroyed depending upon certain price fluctuations of DAI in order to keep the stablecoin pegged to the USD. CoinDesk recently reported.

Percent rise to close out February as one of the top performing cryptocurrencies in the entire market.

The reason for ENJ's significant price boost is easier to pinpoint than the other cryptocurrencies, largely due to the fact ENJ surged over 190 percent from Feb. 25 to Feb. 26 on the back of a rumored partnership with tech giant Samsung.

As can be seen above, February monthly candlestick has set a higher price high above multi-month resistance levels, effectively shifting the trend from bearish to bullish favor.

Metronome outperformed all cryptocurrencies with a market cap below $10 million in February, boasting a 44.38 percent price increase.

The next best performer in the micro-capp segment, Numariarire came a close second with a 41 percent increase on the month of Feb. MET didn't set any notable trading volume records or witness any outlier single day performances as its price increase was gradual throughout the entire month, but was able to break its weekly bearish trend by setting a high above the previous swing high of roughly $0.97.