“Forget Bitcoin and keep these three altcoins on your radar for January,” advises analyst Bhushan Akolkar. Bitcoin has been trading under pressure for a while. The recent market correction has caused unease and dampened investor sentiment, but these three cryptocurrencies could change the game this month. Detail cryptocoin.com‘in.
What are those three altcoins?
1. Terra’s LUNA hit an all-time high of $100 last month and has since corrected 30% so far. At the time of writing, LUNA is trading at $72.00, up 3%. If we look at the rapid growth of TerraUSD, there is still a lot of work to be done on Terra’s LUNA. The UST stablecoin is already among the top 20 cryptocurrencies by market cap.
2. Polygon (MATIC) is very beneficial due to the high gas fee on Ethereum and will continue to do so in the future. MATIC was one of the top performers last month, reaching an all-time high of $2.84 in December 2021. Since then, MATIC has corrected more than 30% and is currently holding just over $2. Polygon, according to the latest update, 0xPolygon bridges also witnessed $500 million entry in the last week of December. According to the analyst, it wouldn’t be a surprise if MATIC hits up to $10 this year or just in the coming months, making it into the top ten crypto list.
3. Chainlink (LINK) is working hard to challenge the market trend. Despite the downward market pressure, LINK is moving upwards. LINK is trading at $27, up 4%. The likelihood of LINK getting together this year is high due to some key developments. Last year, Chainlink reached a significant milestone of $75 billion in Total Assurance of Value (TVS), making it the second most valuable form of decentralized consensus in the DeFi ecosystem.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.