SNX has managed to confirm an uptrend on the 12-hour chart and is aiming for a significant breakout towards new highs. The platform has just recently made L2 staking on the Optimistic Ethereum network compatible with its staking dApp.
Ethereum price is only one key resistance level away from a potential jump towards $3,000. On-chain metrics have strengthened significantly in the past month and the trend seems to be changing in favor of the bulls.
Algorand had a significant breakout from a key pattern and targets $2 in the long term. The platform has recently added support for Swingby, and the Algorand coin is now available on Chainalysis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.