These 3 altcoins could generate triple digit profits before the current cycle ends
When Bitcoin struggled to recover from its December 4th decline, altcoins continued their double-digit gains overnight. Based on their price trends, Terra, MATIC and Chainlink could make triple digit profits before the end of the current bull run.
Terra, MATIC and Chainlink can bring big profits for the owners
Terra (LUNA) has seen a 72% increase in the past two weeks. As the algorithmic stablecoin (UST) became widely accepted and popular, the demand for LUNA increased.
Terra has now overtaken Shiba Inu, Dogecoin and Avalanche and has entered the TOP 10 cryptocurrencies by market capitalization. Analysts have evaluate Trend from Terra and predicts a 169% increase before the end of the Bull Run.
Since the Columbus 5 upgrade, the burning of LUNA has fueled an upbeat narrative. The analyst believes Terra is undervalued and outperforms most other altcoins.
Among the top 20 altcoins by market capitalization, MATIC has emerged as the favorite among institutional investors. Ethereum’s scaling solution has seen a surge in utility and daily revenue over the past month.
The MATIC price is up more than 49% overnight and analysts are also expecting a lot for the altcoin. You notice that the MATIC price trend is similar to its March 2021 rally. It could rebound into the $ 7.5-15 region before this bull cycle ends.
MATIC / USDT daily chart | Source: Rareliquid / TradingView
Chainlink’s new partnerships have resulted in a surge in demand for this altcoin. The price of LINK has increased by more than 12% in the last 24 hours. As the decentralized Oracle network secures more dApps and more complex smart contracts in the crypto ecosystem, it will increase user demand.
The cryptocurrency analyst for the YouTube channel “CleverCrypto” has set a target of 240 US dollars in 2022 for LINK.
Weekly LINK / USDT Chart | The source: CleverCrypto
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews