Top Analyst Says He's Accumulating Polygon, Cosmos and Three Additional Altcoins As Markets Turn Green

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.

Timeline of Cosmos, Polygon, Avalanche, Concordium, Skale-network

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.

Polygon prices are feeling the heat as MATIC retraced to $0.60 and after the bullish movements, now the coin is going in the opposite direction so let's have a closer look at today's latest cryptocurrency news. MATIC retraced and was seen to have plummeted by more than 20% in comparison to the high of $0.

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The ongoing recovery rally in the MATIC/USDT pair initiated along with the formation of an ascending triangle pattern in the daily time frame chart. On July 13th, the coin price gave a bullish breakout from the $0.628 neckline resistance, leading to a 53.3% rally to the $1 resistance zone.

After its bullish shindig seen last week, Polygon (MATIC) price is now going the opposite direction as it continues to plunge to $0.60. MATIC is seen to have plummeted by more than 20% in comparison to its peak high of $0.97 as seen in the past couple of days.