Bitcoin maintains a sluggish trend as it remains stuck within a very narrow range of around $30,500. This has caused the second-largest token, Ethereum, to struggle just below $1900, failing to surpass these levels. Meanwhile, some of the altcoins are displaying huge potential to spark a fine upswing in the coming days, and a couple of them are in the foothills of a massive explosion.
Two popular altcoins, Polygon (MATIC) and Binance Coin (BNB), have gained huge attention in recent times. As per the data from a popular on-chain platform, Santiment, these tokens are gaining huge traders’ attention as the BTC price continues to chop below $31,000. Hence, huge bullish flags flutter around their prices that may outpower the BTC and ETH rallies too.
Polygon (MATIC) price has been displaying acute strength for over a month now as it is trading high, forming constant higher highs and lows. Despite the crypto markets, especially BTC & ETH prices, remaining heavily sluggish, the MATIC price has jumped by more than 15% since the beginning of the month. The price is believed to maintain a strong upswing in the coming days and reach the initial target at $0.8 and later try to reach $0.9, which may clear the hurdles to reach $1.
Besides, the Binance Coin (BNB) price, which prefers to rise without making noise, has maintained a consolidated trend within a pre-defined level. The token experience a huge influx of liquidity in the past few days which enhanced the buying pressure. As the technicals also remain in favor of the bulls, the BNB price is believed to maintain a decent upswing aiming to reach the interim target of $300.
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
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