BTC, the market leader, ignited a rally above $54,000, and Ethereum crossed $3,500. XRP is also set to accelerate to $1.08. However, ADA is still facing heavy resistance in the $2.3 range.
Amidst such activity in the market, famous analyst and trader Scott Melker is anticipating new highs for Polygon and two other cryptocurrencies, Serum and Kava. While it is also believed that Tezos is ready to take off.
Melker tells his Twitter followers that the Ethereum Polygon (MATIC) scaling solution is on the cusp of a rally after breaking the Qatari resistance that has kept the altcoin in deflation for the past month.
Melker’s first target offers an upside potential of about 40% from the current $1.28 price of MATIC.
At the time of writing, MATIC is trading at $1.29, down 2.4% in the last 24 hours.
Serum, a decentralized derivatives exchange, is another SRM coin. According to Melker, SRM is following in MATIC’s footsteps and appears to be on track for more than 50% gains.
“SRM target ~$13”.
At the time of writing, SRM is trading at $8.18, down 3.5% in the last 24 hours.
Next up is Kava.io (KAVA), a multi-chain decentralized cash market that Melker claims has reversed the market crash and is preparing for a 46 percent increase from its current price of $6.28.
At the time of writing, KAVA is trading at $6.38, up just 0.2% in the last 24 hours
Tezos (XTZ), the smart contract platform, is one resistance away from printing a new all-time high and entering uncharted territory, according to the crypto expert.
It says, already 3X from the first input, and 2X from the second input (the black circles). The flirting of price discovery is just the tip of the iceberg right now. He adds that the sky is the limit if you get close to $8.4.
At the time of writing, Tezos is trading at 7.74, down 5.4% in the last 24 hours.