Altcoins

Bullish Prediction For Top Altcoins: Elrond (EGLD), PancakeSwap (CAKE) & Polygon (MATIC)

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Over the week, as BTC price continued to consolidate, altcoins took the lead and printed massive gains. Yesterday, numerous altcoins led the way with gains of over 20% in lieu of protocol upgrades and exchange listings.

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Popular Analyst “Crypto Dog” on Twitter has listed 3 altcoins he predicts will continue a bullish momentum. 

Elrond (EGLD)

First up on his list is Elrond. The token has spiked from $100 to $150 over the last couple of weeks. According to the analyst, EGLD is going to head north even higher.

He further mentions, EGLD is setting up for a strong 3D after breaking out of consolidation. Hence, the token is likely to trend for days, perhaps weeks.

EGLD is currently trading at $149.48 up by 4.7% I the last 24 hours.

PancakeSwap (CAKE)

Next up, he talks about PancakeSwap, the Dex platform based on BSC. He notes that the native token CAKE price has been in an uptrend since late July. According to the analyst, the token’s rise will certainly continue, with all-time highs possible in the near future.

“CAKE/USD has been in only up mode since late July. All-time highs inbound?”

Polygon (MATIC)

The last coin is the layer 2 scaling network Polygon. The analyst says the consolidation on its price chart is bullish. The token is likely to hit $2. 

Recently, with the news of Polygon acquiring Hermez took the price north. The deal acted as a perfect catalyst to catapult the prices.

At the time of writing, MATIC price is trading at $1.49 up by 12.4% in the last 24 hours. The token even hit as high as $1.52 in the day, it has now retraced.

The analyst has also spoken about the leader of altcoins, Ethereum. He says, as ETH trades in the $3,000-$3,200 range, it is most likely entering a consolidation phase.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Haripriya Sureban

A writer and a Crypto fanatic exploring the DeFi Space. Staying abreast on all the crypto trends and trivia is my forte. For the rest I nerd out on movies and series.

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