7/24/2022 0 Comments
Altcoins To Watch This Week
Here's a list of this week's top Altcoins, as determined by Google trending "crypto" searches and Twitter hashtags. Feel free to comment below.
Polygon (MATIC) is the native cryptocurrency that powers the Polygon Network, a layer 2 platform created in 2017. Originally called the Matic Network, the Polygon Network allows developers to create and deploy their own blockchains that are compatible with the Ethereum blockchain with a single click, as well as enables other Ethereum-based projects to transfer data and tokens between one another using the MATIC sidechain. Think of it as a smaller blockchain that runs in parallel with the Ethereum blockchain.
The price of Polygon’s token, MATIC, has skyrocketed during this crypto crash. MATIC has been on a tear over the last month. It increased by more than 200 percent, from a low of $0.32 to a high of $0.98 on July 18. Given the size of the rally, the token looks to be trading in overbought territory.
On MATIC's daily chart, the Tom DeMark (TD) Sequential indicator has shown a sell signal. A green nine candlestick formed the bearish shape, indicating a one to four candlestick correction.
Shiba Inu (SHIB)
Shiba Inu acceptance is increasing as the meme coin is added to Coins.ph. The exchange has over 16 million customers and is authorized by the Philippine Central Bank. Shiba Inu has so gained 16 million new users overnight as a result of the exchange listing. Shiba Inu (SHIB) the meme coin has rocketed up to 18% to reach token highs of $0.00001263 in the middle of the recovery of the global crypto market.
The Shiba Inu price dipped to a low of $0.0000097 on July 13, but the lower levels accumulated strong buying signals for the bulls. That motivated the price once again to the level of $0.000010.
This is how powerful cryptocurrency analysts anticipate BRISE will be this year. When Bitgert and Litecoin price projections are compared, Bitgert has the potential to overcome Litecoin in 2022. The Bitgert coin price prediction indicates a crypto currency with the potential to burst in 2022.
Bitgert's achievement in creating and releasing its blockchain in just 200 days from the project's start was significant. After passing Solana's speed of 100k TPS, the Bitgert blockchain became the fastest chain.
The zero-cost gas charge, however, is what makes Bitgert BRC20 blockchain a threat to Solana and many other currencies. The gas fee is $0.00000001, which is significantly less than the Solana gas charge.
BurgerCities is essentially a Binance Smart Chain-driven technology that tries to construct an unified Web3 metaverse environment capable of integrating DeFis and NFTs.
BurgerCities has recently been on a roll. Its rally began on July 7, and it has since increased by more than 95 percent. It increased to 106 percent on July 13, allowing it to recoup some of the losses suffered during its bear run in May. According to CoinMarketCap, BurgerCities was up 4.56 percent at 6:34 a.m. (GMT +1) on July 20.
BurgerCities' token market cap has increased by almost 90% from $30.84 million on July 8 to $58.52 million today. Its 24-hour trading volume is presently $112.64 million. In a market ravaged by bankruptcies, halted crypto exchange services, liquidations, and court actions, the BURGER DEX token has become one of the top performing small size digital assets.
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