Bitcoin 
$95,846‘s price was around $96,500 as this article was prepared, moving back toward a safe zone following a significant drop. While the outlook for altcoins appears promising, the losses from weeks of decline have yet to be recovered. What price target is POL Coin aiming for?
Insights on POL Coin
Polygon (POL) has rebranded and was one of the standout cryptocurrencies of 2021. Trump is expected to take office soon, with announcements regarding cryptocurrencies likely on his first day. This not only indicates the importance he places on cryptocurrencies but may also alleviate ongoing tensions surrounding the sector.
Market analyst Ali Charts suggests that POL Coin may represent a valuable opportunity. In a market evaluation shared hours ago, he stated:
“POL is on the brink of a 40% movement! We just need a sustained close outside the $0.47 to $0.41 range to determine the direction of the breakout.”
The analyst’s scenario suggests we will witness a significant move in one direction or the other. Despite an increase in total market capitalization, the growing number of altcoins has resulted in many cryptocurrencies underperforming in a highly competitive environment. This raises questions about whether previously dominant altcoins can perform well during this period. Time will tell which way POL Coin trends.
Ethereum (ETH) Update
ETH price is attempting to hold above $3,200 following the downturn. The top cryptocurrency is concerningly failing to capitalize on general market sentiment, consistently approaching but not surpassing the $4,000 resistance. QuintenFrancois believes this may not be as bad as it seems.
“Interest in Ethereum
$3,200 is at an all-time low… But remember, the best opportunities come when everyone is asleep. ETH has been in this position before – overlooked, underestimated, and then it soared. Are you paying attention?”
It is true that interest is extremely weak, and worse, there has been no sign of the expected recovery since the 2021 decline. If performance continues to lag after Trump takes office, we may witness a new type of bull market revolving around BTC, with reduced focus on altcoins.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
