A widely followed crypto analyst took a look at Polygon (MATIC) altcoin He predicts that it will move upwards.
The analyst, nicknamed Altcoin Sherpa, told his 197,400 followers on the X social media platform. THORChainthat (RUNE) is ready to rise says.
RUNE: The next field is $3.
THORChain is a decentralized liquidity protocol designed to facilitate the exchange of assets between different blockchain networks without the need for central intermediaries like traditional crypto exchanges. RUNE is valued at $2.86 at the time of writing and is up 35% in the past week.
Privacy focused crypto BlurTurning to (BLUR), the analyst thinks that BLUR can reach $0.30 despite falling 10% in the last 24 hours.
BLUR: I think this will continue until $0.30.
It’s still probably undervalued compared to OpenSea, but I don’t know if NFTs (non-fungible tokens) are really a great narrative right now.
BLUR is valued at $0.235 at the time of writing, it has experienced a big drop in the last day but is still up 43% in the last month.
Finally, Altcoin Sherpa reveals his perspective on Ethereum (ETH) layer-2 scaling solution Polygon. According to the trader, now may not be the best time to trade MATIC.
It looks good but the 200W EMA (200-week exponential moving average) is at the current price and it’s kind of in no man’s land. Right now I don’t see this as a great buy compared to other coins.
MATIC is trading at $0.629 at the time of writing, down 1.7% in the last 24 hours.