It’s just been revealed that Polygon and Avalanche are about to see price rallies. Check out the latest reports about all this below.
Polygon and Avalanche to see price rallies
The crypto market performed greatly during the weekend, and things are predicted to continue going amazingly in the future as well.
An analyst who called the end of Bitcoin’s (BTC) bull market last year is predicting surges for blockchain scaling solution Polygon (MATIC) and smart contract protocol Avalanche (AVAX).
Pseudonymous analyst Pentoshi recently said that MATIC looks bullish and could be gearing up for a rally toward a major resistance area.
“This one the most important and historical spot on the chart is $1.30. Think that is a great place to focus on the next major move. If able to close three-day [chart]+ above that, then we go into the previous range. Reject and back to the local lows shown.”
Ther analyst is also addressing the Ethereum (ETH) competitor AVAX. According to the crypto strategist, Avalanche looks poised for a 36% surge as the coin is now trading above $20.
“So Amazon comes to crypto, partners with AVAX and then announces an NFT [non-fungible token] initiative, (but not confirmed if with Avax). They are making moves. Think this can run to $28 in the next month or so.”
Ethereum price prediction
According to the latest reports, it seems that the pseudonymous Coin Bureau host Guy is expressing bullish sentiment toward the leading smart contract platform Ethereum (ETH).
Guy said on YouTube that Ethereum is likely to see a higher price this year after rallying by over 55% from its 2022 low.
The analyst also said that ETH’s deflationary nature, brought about by its switch to a proof-of-stake consensus mechanism last year, could potentially trigger a new record high for ETH during the next bull cycle. Check out our previous article in order to learn more details.