Bitcoin Rallies, Altcoins Gain Potential

Benzinga 2022-01-13

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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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