Recently, Altcoin Sherpa, a popular cryptocurrency analyst, shared his expectations for various coins. The cryptocurrency analyst’s focus was on XRP, Polygon (MATIC), Chainlink (LINK), Chiliz (CHZ), and Polkadot (DOT). He stated that these coins will move, especially if Bitcoin falls. Here are the details…
Analyst MATIC points to bearish possibility for LINK, CHZ, DOT, XRP
Altcoin Sherpa shared his expectations for the market in a video he shared on Youtube. According to the analyst, if the Bitcoin price drops one more step, XRP, MATIC, LINK, CHZ and DOT are likely to drop by 25-50 percent. However, he states that Polygon, an Ethereum (ETH) scaling solution, still “looks good” to him. He predicts it will stay in the $0.70 to $1.00 range.
If Bitcoin doesn’t drop and MATIC consolidates in the next few weeks, the analyst thinks MATIC could rise as high as $2. MATIC is trading at $0.881 at the time of writing. The coin, which is in the 10th place by market value, has increased by 4 percent in the last 24 hours. On the other hand, Altcoin Sherpa says that Chiliz, the platform that powers the social token platform Socios.com, should rise higher in the short term. He thinks that the coin could rise to the $0.24 range. But he warns there is “too much unpredictability” with the asset.
Analyst: XRP chart “a little weird”
The analyst also thinks that the XRP chart “looks a little weird.” He adds that he expects volatility for XRP. The analyst says that the volatile and strange outlook in XRP will continue for another month. He says we will witness such a movement for at least a few more weeks. However, he also states that this will mean a return. Still, in his own opinion, it’s possible that he’ll act indefinitely for a while. XRP is trading at $0.38052 at the time of writing. The 7th-ranked cryptocurrency by market value has increased by 0.25% in the last 24 hours.
On the other hand, Altcoin Sherpa thinks LINK’s chart looks great. He says that Chainlink’s 200-day exponential moving average is approaching its price. He states that the decentralized oracle network will look good if it can reclaim the $7.50 range. He says that if he regains that level, he could skyrocket by 50 percent. LINK is trading at $6.79 at the time of writing. The 23rd-ranked crypto asset by market cap has increased by more than 4% in the last 24 hours.
Finally, the analyst says it’s bearish in Polkadot. He says the DOT chart shows it could drop as low as $3.50. cryptocoin.com According to data, Polkadot is changing hands at $5.30 with a 3.9 percent drop at the time of writing. So if it drops by about $2, the analyst’s prediction will come true.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. 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, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
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.