Here Are Top 3 Altcoins That Are Poised To Go Parabolic Very Soon, According to Altcoin Daily
Popular crypto channel Altcoin Daily shares with their subscribers the top altcoins with strong fundamentals and catalysts to push the price to the moon.
First on the trader’s list is Cardano (ADA). According to Altcoin Daily, Cardano is back in the green following a six-month-long consolidation period. At the time of the video, ADA made a triumphant return to the $2 mark on Friday as weekly gains topped 50%, pushing the asset’s market capitalization to $65 billion, ahead of Binance Coin and Tether.
As from Altcoin Daily, the main reason for this reason spike is that Nigel Hemsley, head of delivery at Cardano, revealed the release date of the Alonzo Purple upgrade in a video on Friday.
In particular, the upgrade promises to allow engineers to run advanced smart contracts and decentralized finance applications on the Cardano blockchain and can help Cardano match the ethereum network’s capabilities.
“Cardano’s highly-anticipated upgrade is a good reason for investors to stack up the coin. ADA token’s return to record highs will be a long journey but the recent surge in interest could fuel buying momentum and drive growth across the board.” the crypto KOL says.
Next on the trader’s list is Polygon (MATIC). The analyst shares his bullish view that MATIC looks primed for further upside as buy orders pile up.
“Polygon’s native token MATIC appears to have entered a new uptrend fueled by whales that have been accumulating tokens at a discount.”
The crypto strategist cites data from Behavior analytics platform Santiment which reveals that demand for Polygon is accelerating quickly. Based on the token’s supply distribution, the number of addresses with 100,000 to 10,000,000 MATIC has surged by nearly 9.34% in the last few weeks.
‘Roughly 67 whales have joined the Polygon network since Jul. 20.”
He also points out that the transaction history shows that the only significant supply barrier ahead of Polygon sits at $1.83. Around this price level, more than 23,500 addresses have previously purchased 173 million MATIC.
At the press time, MATIC was trading at $1.37.
Pudgy Penguins NFT
Last on the list is an NFT of adorable penguins that are popping up all across Crypto Twitter named Pudgy Penguins. Pudgy Penguins NFT craze takes flight as daily volume tops $11M in Ethereum.
Pudgy Penguins is an Ethereum-based NFT project. There are 8,888 of them in total, each depicting a different cartoonish penguin assembled from an array of randomized traits. Some have hats or glasses; mohawk or bowl cut; a t-shirt or scarf.
“But just like those sets, they’re selling like hotcakes,” the trader says.
“Pudgy Penguins transaction volume sits at $11.8 million worth of ETH over the last 24 hours. A sizable new peak for the collection. It’s quite a jump from the nearly $3.6 million worth over the previous 24-hour span, and that puts Pudgy Penguins above CryptoPunks and the Bored Apes over the last day of sales.”