Is the altcoin season about to make an exciting comeback? After Ripple (XRP) won its battle against the US SEC, a wave of growth hit altcoins across the board. However, nothing lasts forever, and after a significant bull run, this altcoin season came to an end. Recently, however, crypto trends are suggesting that the altcoin season is about to come again. Join us as we discuss that possibility and its implications for Binance Coin (BNB), Polygon (MATIC), and Elonator (ETOR).
Is A New Altcoin Season Coming For Binance And Polygon?
Crypto Trends Warn Against BNB Price Falls
Market analysts studying recent crypto trends made a visualization of the performance of the combined altcoin market. And, while studying this visualization, they noticed an inverted head-and-shoulders pattern, which suggests the possibility of an upcoming altcoin season. At the moment, this is still only a prediction, as the pattern will not be completed until the market breaks resistance at the $300 billion point.
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What does this mean for altcoins and their investors? Crypto analysts studying the performance of the BNB price, have made some predictions regarding possible price correction. On Twitter, analyst Ali@ali-charts stated that if $BNB doesn’t reclaim support at $240, it might be heading for a 20%-30% fall. Additionally, he cited recent cash-outflow and falling prices for $ETH, $ADA, and many others as signs of bearish sentiment. On a more optimistic note, this negative pattern may just be the calm before the storm. As altcoin prices fall, many will see the opportunity to buy the dip and push prices higher again. This practice of buying tokens while they’re cheap and selling them after they increase in value is how most crypto investors make a profit.
Is Buying The Dip The Only Way To Make Money In Crypto?
Buying the dip is not the only way people have made fortunes in crypto. Another common practice is to invest in presale tokens such as meme coins like Elonator (ETOR). This new project is still in its infancy, with plans for its future all mapped out. Unlike most meme coins, an entire ecosystem of tools, solutions, and products is planned to follow the launch of Elonator. With lots of utility, potential, and meme appeal, Elonator can easily outdo other meme coins who achieved great things with a lot less. The presale is live now and the tokens will never be this cheap again, so don’t miss out on $ETOR.
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How Can Altcoins Polygon And Elonator Overcome Stagnation?
Can Polygon 2.0 Save MATIC From Stagnation?
BNB is not the only token staring down the barrel of a downswing right now. Polygon’s network metrics, including daily active addresses and daily transactions, show stagnation in growth for the network as a whole. This decline in activity is a sign of halted blockchain growth, and the cause of a revenue decrease. Fortunately, Polygon has just the solution to get things back on track, Polygon 2.0.
Polygon 2.0 introduces the Community Treasury, an innovative ecosystem fund governed by the community. This feature aims to provide economic support, decentralize control, and enhance transparency and community involvement. The update also includes the introduction of $MATIC’s successor, $POL, intended to coordinate and grow the ecosystem.
How Elonator’s Presale Paves The Way For Its Ecosystem
This is similar to how Elonator (ETOR) plans to support its token price with its rich ecosystem and pool of products. For example, the Elonator Swap will allow users to trade not only $ETOR but all ERC-20 tokens at the best prices. Additionally, the Incentive Fund will take 0.25% from every transaction, and redistribute it to all community members to further incentivize trading on the platform.
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That is just one tool among many, however, others will also be added in time. These include but are not limited to a Charting Tool to provide market analysis to investors, as well as a Token Tracker to help $ETOR investors to keep track of their token’s performance.
Invest In Elonator If You Want To Live!
In addition to these tools, Elonator is also planning for competitions with rewards as great as a Tesla. So, don’t miss out on this unique opportunity to get in on the altcoin season’s best crypto presale. Invest in Elonator if you want to live!
Elonator: Come With Us If You Want To Invest!
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