Altcoins
Mt. Gox Transfer Signals Potentially Dropping to $60,000 – What About Altcoins?
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The cryptocurrency market is currently in a state of calm, patiently awaiting the next bull run. Altcoins remain at what many consider a good entry point, but are already showing signs of upward momentum, ready to explode at any moment. However, there could be a storm brewing for Bitcoin. A transfer from the infamous Mt. Gox wallet signals a potential drop to $60K. This has sparked concern and much speculation among investors. The following article delves into how this development could impact Bitcoin and which altcoins are poised for growth despite the impending uncertainty. Readers can expect insights into which coins are poised for growth, providing a distinct advantage in navigating the upcoming cryptocurrency landscape.
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Aptos Shows Promising Amid Market Crisis
Aptos (APT) is trading between $6.87 and $7.81, showing resilience despite the recent market crashes. Bulls and bears seem to be evenly matched, with a small increase in the last week and month. The coin’s nearest resistance is at $8.15, while support is at $6.27. With a slight positive price move in the last week and month, APT could rally another ten to twenty percent if it clears the resistance levels. If sentiment improves, the coin could push towards the next resistance at $9.08. For now, all eyes are on the market to see if another altcoin season is on the horizon.
Polygon (MATIC) gears up for potential breakout above $0.595
Despite a recent decline, Polygon (MATIC) is showing promising signs of a potential bull run. Currently trading between $0.516 and $0.572, the price is approaching the 10-day and 100-day simple moving averages at around $0.535. The RSI and Stochastic indicators are relatively high, suggesting that the bulls may soon push the price above the nearest resistance level of $0.595. If it successfully breaks through, it could quickly rise to around $0.651, showing potential for a substantial percentage increase. Market sentiment and past positive trends suggest that altcoin season could be on the horizon, offering a window of opportunity for MATIC to grow.
Toncoin Shows Promising Signs Despite Recent Drops
Toncoin price is currently trading between $6.90 and $7.55, which suggests a mix of weak bulls and rather strong bears. The nearest resistance level is located at $7.93, while the nearest support is at $6.62. The price changes over the past week show a decline of around 9%, while the last month saw a decline of almost 6%. Interestingly, over the past six months, Toncoin has increased by more than 227%. With the RSI at 43.17 and the 10-day moving average close to the current price, Toncoin still has upside potential. If it clears the $7.93 resistance, it could aim for $8.58, which represents a potential upside of around 18%.
Dymension (DYM) Sets for Bullish Turn Despite Recent Market Turbulence
Dymension (DYM) has been buoyant, trading between $1.40 and $2.44. Despite a decline in Bitcoin and other tokens, DYM is showing resilience with a 23.90% increase in the past week and a robust 804.5% increase in six months. Bulls are taking a stand as the coin looks to clear the $2.92 resistance level. If DYM clears it, it could target the next resistance at $3.95, marking a potential increase of nearly 50% from its current range. 2021 trends suggest that this altcoin could be on the verge of another explosive growth phase, mirroring its historical gains.
Conclusion
The market indicates that APT, MATIC, TON, and DYM may experience limited growth in the short term. In contrast, CYBRO offers a technologically advanced DeFi platform with strong long-term potential. It provides investors with AI-powered yield aggregation on the Blast blockchain. Notable features include lucrative staking rewards, exclusive airdrops, and cashback on purchases. CYBRO ensures a superior user experience with seamless deposits and withdrawals while emphasizing transparency, compliance, and quality. The project has strong interest from crypto whales and influencers, positioning it as an exceptional opportunity to maximize earnings.
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