global.gerbangindonesia.org – This Crypto Row Potentially Strengthens in the Fourth Week of March 2022
The fourth week of March 2022 was a passionate moment in the crypto market. Over the past few days the crypto market has shown good performance which continues to be in the green.
Although some cryptocurrencies were corrected, they managed to return to the green zone in a fairly short time.
Tokocrypto trader Afid Sugiono said the crypto market is currently in the healing phase, but it is possible that market conditions could still reverse.
Meanwhile, Afid also gave his views on what cryptocurrencies have the potential to continue to strengthen during the fourth week of March 2022, along with the list.
1. PancakeSwap (CAKE)
PancakeSwap is a decentralized exchange (DEX) built on top of the Binance Smart Chain (BSC) with low gas fees and fast transactions. It allows users to exchange BEP-20 tokens easily.
Afid, sees CAKE seems to be experiencing a positive movement this week. The reason is that Binance will integrate PancakeSwap with the Binance app and ecosystem.
2. Avalanche (AVAX)
Avalanche is a blockchain designed by Ava Labs as a secure and globally distributed decentralized network. Meanwhile, AVAX is the native token of the Avalanche platform that is used as a medium of exchange in their ecosystem.
AVAX’s value movement could be bullish this week, as Ava Labs has officially joined the Blockchain Association, a non-profit organization advocating for a better and more transparent public policy of blockchain and crypto assets in the United States.
3. Ethereum Classic (ETC)
Ethereum Classic (ETC) is expected to increase in value in the near future. Afid explained the announcement of a partnership between ETC Group and HANetf which is the first metaverse ETF in Europe, due to its successful listing on the London Stock Exchange. This metaverse ETF will be available for trading with METR as its ticker symbol.
“ETC coins are expected to be bullish this week, after the announcement of the partnership between ETC Group and HANetf which brought Europe the first metaverse ETF. This sentiment makes investors interested in further ETC coins and see their development going forward,” said Afid, quoted Friday (25) /3/2022).
Cardano dan Polygon
4. Cardano (ADA)
Cardano (ADA) remains one of the best performing assets in the top 10 cryptocurrencies by market cap for the past 7 days. ADA prices, with Avalanche (AVAX), Ethereum (ETH), and Solana (SOL), traded at a gain of over 15 percent over that time period.
Afid sees the increase in Cardano’s price can be driven by an increase in the number of projects built in its ecosystem. Not only that there are also recent improvements implemented on the network.
5. Polygon (MATIC)
Polygon (formerly Matic Network) is the first well-structured and easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is the Polygon SDK, a flexible and modular framework that supports the creation of a wide variety of applications.
MATIC is most likely to be bullish this week due to the integration of Mina Protocol and Polygon networks. This could lead to a steady growth of the MATIC price.