š±šš3 Altcoins with Huge profit potential in Summer 2024 Bullish signals are onš±šš
$XRP , developed by Ripple Labs, aims to facilitate fast and cost-effective cross-border payments. However, the asset witnessed a lack of initiation from buyers for years amid the ongoing legal battery against the US Securities and Exchange Commission.
The market uncertainty aligned with the June correction has plunged to $0.475 seeking support at a long-coming ascending trendline.
As per Coinmarketcap, the XRP coin holds a market cap of $26.4 Billion, while the 24-hour trading volume wavers at $791 Million.
If the aforementioned support holds, the buyers could take the next recovery leap and chase a potential target of $2.
Bonk is a meme cryptocurrency built on the Solana blockchain, known for its strong community-driven approach and rapid growth.
Amid the June market correction, the BONK price witnessed an aggressive downfall from $0.000044 to $0.000018, registering a loss of 59%. However, the falling price witnessed strong support at the ascending trendline of the daily chart resulting in an immediate reversal to $0.0000228.
The BONK coin holds a market cap of $1.55 Billion, while the trading volume plunged 45% since yesterday to reach $155.35 Million.
The recent reversal of gaining momentum from broader market recovery could lead to a rally to the $0.0001 mark.
Polygon (#MATIC )
Polygon ($MATIC
) is a Layer 2 scaling solution for Ethereum, designed to enhance its scalability and usability. Further, Polygon helps in retaining the security and decentralization of the Ethereum blockchain.
The MATIC price currently trades at $0.55, maintaining its market cap of $5.5 Billion. However, with sustained selling, the asset could reverse the long-coming support of $0.5-0.493.
This crucial support could provide buyers an opportunity to counterattack and rechallenge the overhead resistance at $0.76, followed by $1.3, and $1.56.
