- The volumes in the cryptocurrency market are increasing and showing a bullish trend.
- This weekend, ADA, BNB, and MATIC should be watched.
As the cryptocurrency market continues to rise, which altcoins should investors pay attention to this weekend?
These 3 Altcoins Should Be Watched This Weekend
As the cryptocurrency market continues to heat up and show a bullish trend in recent weeks, it is always a good idea to pay attention to potential altcoins that could make significant gains in the near future.
However, since the cryptocurrency market is filled with many altcoins, it can be difficult to keep track of every crypto in the market. In this article, we have compiled a list of the best altcoins to watch for this weekend.
Cardano (ADA)
Cardano (ADA) is at the top of the list. Cardano is a blockchain platform that aims to provide faster and more secure transactions than traditional cryptocurrencies like Bitcoin. With a market cap of over $15 billion, Cardano is the fifth-largest cryptocurrency in terms of market capitalization and has been making steady gains in recent weeks.
In addition to its strong fundamentals, ADA’s chart has shown some bullish momentum, and the asset is still on a long road to rally according to the 1-day timeframe.
On the chart, although the asset recently reached a major peak, it still has external liquidity above the 0.5$ level that needs to be taken. The Cardano (ADA) price is moving horizontally on the 1-day chart to touch external liquidity.
ADA/USDT Daily Price Chart
In addition, the asset’s trading volume has increased in the last 7 days and has shown ongoing intense buyer pressure. ADA’s daily trading volume has risen from $218 million last Friday to $614 million in the last 24 hours.
BNB (BNB)
BNB is one of the best-performing cryptocurrencies in the market in the last 30 days, with a market cap of approximately $52 billion. BNB is the native token of the Binance cryptocurrency exchange and is currently the fourth-largest cryptocurrency in terms of market capitalization thanks to its successful performance.
BNB coin price is trying to reach external liquidity by moving horizontally on the 1-day chart.
BNB/USDT Daily Price Chart
In addition to its strong performance, BNB appears to be closer to an external high of $399. Although it is not certain when the asset will reach this signal, the high may be closer due to the increase in BNB volume last week and may be worth watching over the weekend.
Polygon (MATIC)
Polygon (MATIC) is a cryptocurrency that is a Layer 2 scaling solution for Ethereum and aims to provide users with faster and cheaper transactions. With a market cap of over $10 billion, Polygon is ranked seventeenth in terms of market capitalization and has made significant gains in recent months.
In addition, as the Ethereum network continues to face scalability issues, Polygon (MATIC) is benefiting from the increasing demand for Layer 2 solutions.
MATIC has not made significant gains compared to other altcoins. However, the price chart shows that its time to surpass others is approaching. MATIC has formed a double bottom formation that shows an upcoming rise on the 1-day timeframe.
MATIC/USDT Daily Price Chart
In addition to the double bottom on MATIC’s chart, a W formation is also forming. These two formations have made MATIC an altcoin to watch this weekend. However, the cryptocurrency market can be highly volatile, and there are no guarantees when investing in altcoins.
However, by examining projects like Cardano, BNB, and Polygon, profit opportunities can be identified. Additionally, regardless of whether you are an experienced investor or not, it is important to keep these altcoins on your radar this weekend and beyond.
