Top 4 Cryptocurrencies to Keep an Eye on this Month

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Cryptocurrencies are a form of digital currency that is created and stored electronically. They use cryptography to control new units’ creation and verify transactions. It is difficult to predict what will happen in the cryptocurrency market. But a few cryptocurrencies have shown immense potential and can grow in value. The top 5 cryptocurrencies to keep an eye on this month are:

Polygon (MATIC) Price Prediction

Polygon is a scaling solution that works on top of any other network. It aims to solve Ethereum’s scalability issues. There are many reasons to invest in Polygon Crypto. The first is that Polygon Crypto is an investment opportunity for people of all incomes. Another reason is that it’s an excellent way to diversify your portfolio because it has the potential to grow in value faster than other assets like stocks or bonds. Finally, Polygon Crypto is a global investment. So you don’t have to worry about risks associated with the local economy.

Polygon was founded in 2017 and is currently trading for $1.76 and a market cap of 13.2 billion dollars. It has a max supply of 10,000,000,000 coins.

On a 1D time frame, MATIC was where price action reversed from its daily level of support. It’s forming out the higher highs lower lows at the moment and needs a higher high to be confirmed.

Discounts

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Matic Network/Tetherus, 1D
MATIC Network/TetherUS, 1D

Solana (SOL) Price Prediction

Solana is a public, open-source blockchain that supports smart contracts and applications. The goal of the Solana software is to demonstrate that there is a possible set of software algorithms to create a blockchain. Investing in Solana crypto is a good idea because it can solve the scalability issues faced by Bitcoin, Ethereum, and other cryptocurrencies. It wants to be the next generation of blockchain technology.

Solana was founded in 2017 and is currently trading for $98.06 and a market cap of 31.2 billion dollars. It has a total supply of 511,616,946 coins.

On a 1D time frame, SOL has formed an ALT Bullish Bat pattern where the price action is currently forming out the Higher highs from the PRZ level.

Discounts

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Sol/Tetherus, 1D
SOL/TetherUS, 1D

Avalanche (AVAX) Price Prediction

Avalanche is a scalable, decentralized blockchain platform that provides smart contract functionality and fast transaction speeds while being environmentally friendly. Investing in Avalanche crypto is a good idea because it can solve some of the most pressing problems in the crypto space today privacy and scalability.

Avalanche was founded in 2020 and is currently trading for $90.54 and a market cap of 22.3 billion dollars. It has a total supply of 395,891,290 coins.

On a 1D timeframe, AVAX was trading in an uptrend, and currently, the price action is facing the resistance level.

Discounts

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Avax/Tetherus, 1D
AVAX/TetherUS, 1D

Terra (LUNA) Price Prediction

Terra is a blockchain e-commerce platform that utilizes fiat-pegged stablecoins to provide more stability for cross-border transactions. You should invest in Terra because it is a company with the potential to grow and expand in the future. Terra is also backed by some of the best investors in the industry, which provides additional security for those who are looking to invest. Terra crypto has been designed to be a sustainable coin that will grow over time with more adoption from people who want to trade with it and people who want to use it as a currency for transactions.

Terra was founded in 2018 and is currently trading for $54.08 and a market cap of 21.3 billion dollars. It has a total supply of 808,930,694 coins.

LUNA recently formed two harmonic patterns, and the price reversed from the PRZ level. It has also been reaching new highs, which is a good sign of bullishness.

Discounts

Use referral code (MYWSAFR8) for Binance and get 20% off on Trading Fees.

Use Referral code (Coinmonks) for FTX and get 5% Off on Trading Fees.

Luna/Tetherus, 1D
LUNA/TetherUS, 1D

Closing Thoughts

The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be investing, so Do Your Own Research before investing.

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Pratyaksh