...Portfolio allocation will be key for the remainder of this crypto bull cycle, as coins like Polygon and Shiba Inu are set to make impressive plays in the coming months. Let’s dig in!
Polygon ($MATIC) POL Rebrand Rally BoothPolygon recently retraced its significant gains to $0.58 after its recent rebrand to Polygon 2.0 was revealed to be a classic crypto ‘buy the rumor, sell the news’ event. This has sent Polygon down over 18% this week, as the price searches for support around $0.40. Exchanges have announced listings for the revamped poll token, as massive liquidity has been injected into the Polygon ecosystem. Many Polygon analysts see massive upside ahead, with a $12 price target given for the remainder of this cycle.
Shiba Inu (SHIB) Holders Heading for Bullish ReversalShiba Inu (SHIB) has been battered by the recent downturn in the broader memecoin market, finding itself down 44.6% over the past 3 months. Shiba Inu is currently trading below all major moving averages, suggesting that a rally from here will require strong buying pressure from Shiba Inu bulls. However, Shiba Inu has surprised on the upside in the past and was one of the top performers in previous crypto bull markets. Shiba Inu’s incredibly loyal user base, combined with recent developments in the Shibarium ecosystem, looks set to deliver an extremely bullish finish to 2024 if the meme sector can find a way out of the summer slump. $MATIC $SHIB #Write2Earn! #Write2Win #BinanceWeb3Wallet #BinanceSquareFamily
