Cryptocurrencies Price Prediction: Polygon, Hedera & SNX — Asian Wrap 25 January
|MATIC price eyes $0.70 despite Polygon network’s plans to launch blockchain aggregation layer
Polygon (MATIC) price downtrend has culminated in a nearly 30% fall from the January 11 peak of $0.95 to the Tuesday low of $0.69. The slump was the aftermath of broader market crash, with Bitcoin (BTC) price liquidating up to $130 million when it first started. The dump inspired volatility in the market, with most altcoins suffering in the aftermath, including MATIC.
Hedera price may avoid a 25% decline as Hedera Hashgraph v0.46 goes live on testnet
Hedera price is in the midst of either confirming or rejecting a bearish reversal pattern that could have a considerable effect on the altcoin. The saving grace, however, is the most recent upgrade at the moment, which, too, is likely failing to catalyze a rally.
SNX price likely to recover as Synthetix launches first perpetuals protocol on Base blockchain
Synthetix (SNX) price action since around mid-December has culminated in a descending parallel channel, committing to more losses for as long as it remained within the confines of this governing chart pattern. Despite multiple recovery attempts. The bears had their way, but now SNX bulls have a bullish fundamental to steer their course.
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