Altcoins That Can Yield 20x-60X Profits In the Next Bull Cycle: ATOM, MATIC, AVAX & 2 More

A well-known crypto analyst and strategist showcase his bullish stance around Polygon (MATIC), Cosmos (ATOM), Avalanche (AVAX), Concordium (CCD), and SKALE (SKL). This comes up as he expects the market to go greener in the days to come.

Timeline of Cosmos, Avalanche, Polygon

On Wednesday, July 27th, Polygon, an Ethereum scaling solution, released a semi-annual report detailing its progress since the start of 2022. This blog also highlighted some of the network's plans for the second half of 2022.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] had a bearish outlook on lower timeframes but this was reversed the previous day after a strong surge from $20.8k to $23k.

The crypto market is trending to the upside and recovering some of its last week's gains with Polygon (MATIC), and other altcoins following the general trend. Digital assets seem to be positively reacting to the earnings reports from legacy companies.

A popular crypto analyst says he will buy the altcoins Polygon (MATIC), Cosmos (ATOM), Avalanche (AVAX), Concordium (CCD) and SKALE (SKL) as he anticipates a relief rally for the market. Michaël van de Poppe tells his 619,400 Twitter followers he is stocking up on altcoins that could give him 20 to 60X returns on investment.

Avalanche price analysis reveals that the cryptocurrency is currently on a strong bullish run after a period of consolidation. The AVAX/USD pair has surged by over 9.52 percent in the past 24 hours and is trading at $23.01 at press time.

Daimler South East Asia, part of the Mercedes Benz Group, introduced a blockchain-based data sharing network called Acentrik that is specifically designed for corporate users. The new project will let businesses purchase and sell data in a decentralized setting.

Clearpool, an uncollateralized stablecoin lending protocol, has launched on Polygon. The post Clearpool launches uncollateralized stablecoin lending on Polygon appeared first on The Block.

Bitcoin has broken out above the 200-day moving average on the weekly chart ($22,700) and currently trades in a band between $23,000- $24,000. If Bitcoin can remain above this crucial level of resistance and survive the short-term selling pressure, the final weeks of July could be a magnificent time to be an altcoin investor.

Polygon TVL and market cap have also gradually recovered following the trend of currency prices. The post Polygon (MATIC) price soared 233% in one month, what brought it out of the bear market?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Bitcoin [BTC] fell below the $20k mark and over the past couple of days, saw a minor bounce to the $21.4k mark.