Should You Invest in Solana (SOL) or Polygon (MATIC) at Current Prices? Experts Predict New Cryptocurrency May Overtake Both in Boom

In the cryptocurrency world, the choice between investing in established coins or emerging ones can be a crucial decision. Solana and Polygon have important positions in the market. But experts are shedding light on a new player that has the potential to eclipse these established coins. The industry is watching closely as the bull run continues into 2024. This article dives into the arguments for investing in Solana or Polygon and examines how the newcomer can potentially overcome them.

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Price Momentum of Polygon and Solana Slows

Solana’s price has exhibited a volatile performance, with a significant increase of 209.10% in the last six months. However, recently, there was a decline of 19.66% last week and 38.54% last month. Currently, SOL is trading between $127.30 and $154.40. Despite the decline, the move appears to be more corrective as indicators such as the RSI at 46.63 suggest that it is not overbought or oversold. The cryptocurrency may find resistance near $170.79 and then at $197.89, while support may remain at $116.59 and $89.49 if broken.

Polygon Price Trends: A Closer Look at MATIC Movements

Polygon (MATIC’s) price has been fluctuating between $0.68 and $0.76 lately, cautiously moving away from the $0.81 resistance mark and climbing above the $0.64 support. While MATIC has made a small gain in six months, it has seen an 8.92% contraction in its value in one week and a sharp decline of 33.80% in the last month. Current patterns show a mix of moves, with prices trending towards stability and the 10-day and 100-day averages nearly aligned, as shown by the Relative Strength Index. The cryptocurrency overall appears to be in a correction phase and is trying to find solid ground after recent declines.

Conclusion

Investing in SOL or MATIC may not offer as much short-term potential as some experts suggest. Instead, new cryptocurrency BlastUP is poised to outperform both. This is because BlastUP offers a unique concept and enjoys the benefits of being part of the promising Blast ecosystem. Considering the current bull run, BlastUP appears to have the highest potential among these options.

Disclaimer: This is a sponsored content and press release, and what is written here does not reflect the views of the Kriptokoin.com team. High risk of loss should be taken into consideration in leveraged transactions and cryptocurrency investments, and extensive research should be done before investing in any platform. To be informed about the latest developments, follow us twitterin, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!


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