Traders Determined: These 4 Altcoins In Crash Are The Best Bets!

Despite the flurry in the altcoin market, well-known traders shared four projects that they see as “a strong buyback at the moment.” Let’s take a look at the latest analysis by Altcoin Sherpa and Olivia Brooke, keeping in mind that the assumptions are not absolute.

Altcoin Sherpa awaits next news on LINK, MATIC and these two coins

An anonymous analyst known as Altcoin Sherpa says Chainlink is currently showing a “promising” outlook. In their latest analysis, Sherpa, together with LINK, uncovered the next catalysts for MATIC, CHZ and DYDX. The analyst summarizes the current market outlook as follows:

It’s best to keep an eye on everything and wait on the sidelines. But if you want to process actively, look for different news + purchasing power in this market.

Sherpa says the upcoming news calendar has been instrumental in choosing these projects:

  • Polygon (MATIC) – Business development: Disney, Meta and JPMorgan partnerships
  • Chiliz (CHZ) – Upcoming FIFA World Cup
  • dYdX (DYDX) – Featured as centralized exchanges crashed
  • Chainlink (LINK) – Looks good from a technical standpoint

Chainlink (LINK)

According to the analyst’s assumption, the chart is promising for Chainlink. Despite the short-term market turbulence and price fluctuations, Chainlink is still making contacts amid the crypto community. This week, the leading smart contract oracle network announced collaborations with the NFT ecosystem and the GameFi project.

Polygon (MATIC)

Polygon has laid out a positive picture for the long run. However, when the liquidity consideration of FTX emerged, it gained a sharp downward trend. Within a 24-hour delay, MATIC dropped to $0.76 after meeting resistance at around $1.25. It is currently trading under $1. The $1 level will be valuable in the long run as the MATIC weekly chart sets higher highs.

Chiliz (CHZ)

CHZ is currently struggling to rise above $0.2113 amid recent market conditions. Its price melted to $0.2015 at one point.

dYdX (DYDX)

DYDX was the DEX token that Sherpa released during the crash of centralized exchanges. It is currently trading at $1.89, down 6% compared to the last 24 hours.

Polygon poised to take down Cardano following top-tier affiliates

Outside of its Meta subsidiary, Polygon has collaborated with the Monetary Authority of Singapore (MAS). The Singaporean regulator conducted the first DeFi processes at Polygon. The pilot was conducted as a module of MAS’ Project Guardian in collaboration with global investment bank JP Morgan.

According to crypto market analytics platform Santiment, the announcements and growing popularity of Polygon, Blockchain-based Reddit digital collectible avatars, are increasing social sentiment at MATIC. This led to a rise in its price and a decrease in supply in the stock markets.

MATIC was at the forefront of its competitors in the midst of the FTX crisis. It currently ranks 10th, quickly behind Cardano. It’s gaining momentum on an upcoming Nov. 18 news in ADA. It is now one step ahead of MATIC with a market cap of $2 million.

In the middle, Solana, one of Polygon’s strongest opponents, is now out of the loop. The FTX-backed altcoin is currently trading around $14 at 13th place. downfall, Koindeks.comIt came against the Google subsidiary that we referred to as.

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