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6 months ago

Bitcoin Rallies, Altcoins Gain Potential

Benzinga
Benzinga
As major cryptocurrencies like Bitcoin are rallying overnight, analysts are also falling in love with altcoins that could begin growing as the market recovers. Analysts have taken to Twitter ($TWTR@US) to explain to their followers that Bitcoin is experiencing short-term relief, some noting that they would take profits as soon as Bitcoin nears the $47,000 range. Altcoins highlighted by analysts include Polygon, which many believe could increase to an all-time high near $3 once more. Chainlink has picked up volume in recent days, and analysts recommend buying the token at somewhere around the $25 level. Cosmos is also gaining popularity as analysts are looking at a range from $38 to $45 as a place to take profits. Harmony is lingering in the 30 cent range, but it managed to close over 33 cents, taking on a bullish trend. Meanwhile, Fantom could see another rejection just over $3, and NEAR could offer investors a good entry point around $16. At press time, Bitcoin was trading just under $44,000 on a massive increase in volume and its market cap.
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