'India Pump' Predicted by Analyst: These Three Alts Involved
The brilliant successes of Icon (ICX) and Hedera Hashgraph (HBAR), low-cap altcoins, that gained almost 52% an 30% against the U.S. Dollar Tether (USDT) in 24 hours may soon be repeated, with some possibly even beating these numbers.
'India pump' is right around the corner
An analyst has named three altcoins that may surge as early as this week. He is focused on WazirX token (WRX), Binance Coin (BNB) and Matic (MATIC), the native asset of the Matic network.
WRX is the token of the leading Indian crypto exchange WazirX. In Q4, 2019 it was acquired by the Binance ecosystem - that's why Malta-based Binance has been named among the possible assets for an 'Indian pump'.
Vladislav SopovMATIC is used as a proof-of-stake coin in the Matic Network, utilized to scale the Ethereum (ETH) mainnet via sidechain infrastructure. Despite the project itself being very promising, the token became infamous in the crypto community after its dramatic 70% dump that took place on December 10, 2019.
Will technologies boost the price?
At the moment, only Matic (MATIC) has begun to show signs of a rally being in a green zone with a 6.9% price surge within 24 hours. This may correlate with ongoing decentralized application on-boarding on the Matic Network as well as with the staking process activated.
Yuri MolchanBinance Coin (BNB) entered a red zone with a 1,67% loss againist the U.S. Dollar Tether (USDT). WRX token finished its IEO on the Binance Launchpad just yesterday and, thus, may be subject to post-tokensale euphoria.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Related articles
Alex Dovbnya
Dan Burgin