Scott Melker, a popular crypto trader and analyst, stated that Tezos is ready to take off, while predicting new rallies for Polygon and two other altcoins.
Melker, to 595,300 Twitter followers; Ethereum scaling solution Polygon (MATIC); After breaking the diagonal resistance that kept the altcoin in a downtrend last month, it said it was ready to go higher.
“MATIC target is $1.79. Then higher [çıkacak]”
Melker’s initial target of $1.79 represents over 40 percent upside potential from MATIC’s current value of $1.24.
The next cryptocurrency on Trdder’s list is decentralized derivatives exchange Serum (SRM). According to Melker, SRM is following in the footsteps of MATIC and looks set to achieve a potential gain of over 50%.
“The target for SRM is about $13.”
Decentralized cross-chain money market Kava.io (KAVA) is next on Melker’s list. The analyst says the cryptocurrency has ended the market crash and is poised for a 48 percent increase from its current price of $6.28.
“KAVA’s Goal is $9.20.”
Smart contract platform to Tezos (XTZ) On the face of it, the crypto analyst believes the altcoin is one resistance away from reaching an all-time high and heading into uncharted territory.
“Price continues close to discovery, this is just the tip of the iceberg at the moment. If we close above $8.4, the sky is the limit.”
According to data from CoinGecko, Tezos is changing hands at $7.48 at the time of writing.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.