Parabolic Movements Expected for Polkadot and These 5 Altcoins! – Cryptokoin.com

Leading experts have announced that they expect parabolic movements for Polkadot and these 5 altcoin projects! Here are the details…

Polkadot (DOT) continues on its path of growth with new partnerships

Polkadot (DOT) has lagged behind in terms of price increase today, despite the positive growth picture its competitors have drawn in the last few days. Polkadot is momentarily trading at $6.26, gaining 0.5 percent. Looking at its weekly chart, the popular altcoin project DOT has gained 2.6 percent. Polkadot’s ecosystem fundamentals are still not adequately reflected in recent price movements. Herein lies the thesis that for Polkadot to reach and chart a new growth curve, its parachains must first overcome the promotional hurdle that their parachain struggles with despite the innovative decentralized applications (dApps) being released. As an open-source multichain protocol that connects and secures a network of private blockchains, Polkadot has made a name for itself as one of the most versatile Layer 1 proof-of-stake (PoS) protocols on the market.

According to an overview of the activities of its ecosystem, Polkadot has signed many strategic partnerships in the last few weeks. There is no doubt that protocols such as Astar Network and Moonbeam, among others, are being built. There is still a need to make a name for itself with new partnerships to change the adoption and growth curve of DOT in the medium and long term. On the other hand, while most of Polkadot’s parachains have proven their worth with an innovative solution design, Polkadot as a main chain is not in bad shape either. As previously reported, Polkadot sought advanced protocol enhancement, which it aims to launch three major upgrades to. According to the report, these new upgrades will help democratize governance for blockchains on the Polkadot network.

The leading cryptocurrency analyst commented on Cosmos (ATOM)!

The leading cryptocurrency analyst pointed out that the indicator signals a potential recovery towards $12 or $12.5. Despite the bullish call on ATOM, the cryptocurrency is still trading at $11.90, with a slight loss of 1.10 percent. On the other hand, the crypto analyst’s call is slowly becoming reality, and a complete reversal of the current bearish trend will serve as a faster push towards the targeted higher price. According to data quoted by CoinMarketCap, Cosmos is 73 percent away from the ATH level it set long ago at $44.70, and the popular altcoin has had a hard time during the crypto winter.

While many analysts are predicting a mixed twist for Cosmos, citing a sideways move, cryptocurrency analyst @ali_charts pointed to the bullish direction, pointing out that Cosmos may have been oversold.

However, Cosmos has been making steady progress for a long time. In a recent update shared by the popular altcoin, Cosmos Hub said that Governance has been more vibrant than ever for the past few months with verifiable evidence to show. In the post published on Twitter, the following words are quoted:

Cosmos Hub Governance is more active than ever! We’ve seen an increasing number of draft support and forum events in recent months. This is the sign of a thriving, decentralized community. It also illuminates the need for a dedicated channel for governance.

Altcoin Sherpa: “Ethereum can leave Bitcoin behind!”

Another cryptocurrency analyst, Altcoin Sherpa, told his 193,300 Twitter followers that he thinks Ethereum (ETH) will catch up with Bitcoin (BTC) and eventually begin to outpace the leading crypto asset by market cap:

ETHBTC: I wouldn’t be surprised if I see a bounce around this level, but I think it will go up to 0.055 (BTC) in the coming months. I think BTC is slightly outperforming Ethereum and then the ETH boom will come. It has a multi-year accumulation and probably the same will happen for ETH.

Instantly, Ethereum (ETH) is trading at $1,824. According to the analyst’s chart, a move towards the target of 0.055 BTC ($1,543) points to a higher low setup for ETH/BTC on the weekly time frame.

Popular analyst: Commented on Binance Coin (BNB) too!

Looking at BNB, the native coin of giant crypto exchange Binance, Altcoin Sherpa thinks that the fourth-largest crypto by market cap threatens to drop a key level of resistance that has continued its downtrend since May 2022. Here are the words of the analyst:

BNB: When will this area break? The first two-day close since the last divergence in November 2022 closely follows this $330 level.

As quoted by Kriptokoin.com, at the time of this writing, BNB is trading at $337, just above the analyst’s resistance level.

Altcoin Sherpa: “Mask Network (MASK) is bullish!”

On the other hand, Sherpa, which also includes MASK, the management coin of the privacy-centered crypto project Mask Network, suggests that MASK has an upward trend, but states that it is likely to witness a pullback before the next leg. At the time of writing, MASK is worth $5.88. Here are the words of the analyst:

MASK: It looks very strong but in an area of ​​resistance; would look for $5 for an opportunity to buy a dip. $5-4.50 seems like a solid entry area.

Analyst finally pointed to Liquidity (LQTY)!

The last altcoin on the analyst’s radar is the decentralized borrowing protocol Liquidity (LQTY). Altcoin Sherpa believes that LQTY can now consolidate in preparation for the next rally. The analyst states that he follows the popular altcoin project in his comments on Twitter.

Looking at the analyst’s chart, it looks like he is looking to accumulate LQTY at current prices, invalidating his bullish view below $2.39. Instantly, LQTY is trading at $2.41.

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