The cryptocurrency market experienced significant volatility this week, with Bitcoin’s price hovering around the $30K mark. Despite the ups and downs, Bitcoin’s recent rally has reestablished its dominance in the market by 50%.
The altcoin market is expected to align with the bullish sentiment and witness a surge in the coming days, fueled by the momentum generated by Bitcoin.
The past week has been highly rewarding for the crypto market, surpassing the $1.2 trillion market cap and witnessing substantial gains in major coins. Bitcoin’s price has increased by 16% in the last seven days, and several notable altcoins have also made impressive gains.
While memecoins like PEPE have dominated the scene, investors are now seeking the next altcoins that may experience explosive growth. Among these contenders, Polygon (MATIC) stands out as a prime candidate expected to surpass resistance levels in the upcoming week.
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After a sharp decline, the price of MATIC experienced a remarkable surge, gaining over 10% in the past seven days. This upward movement has attracted significant attention from whale investors who see potential in MATIC’s current dip.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions in the crypto space.
