Cryptos that can give you 100X ROI in the Altcoin Season: Binance, Polygon and Dogetti
Bitcoin (BTC) is seeing a decline in the market, potentially falling towards the next support level of $29,000. Altcoins are also experiencing losses, although BTC dominance is still decreasing. A significant pullback for the entire crypto market seems likely at some point, as BTC displays bearish divergence on the daily RSI, with no indication of nullifying the pattern. Moreover, the Stochastic RSI has topped on the weekly time frame, suggesting a major pullback in the next two to three weeks.
However, this gives altcoins the potential to have a run in the intervening period, as BTC dominance has reached the top of a range that has persisted since May 2021 and appears to be coming down. Losing the current level could see dominance drop quickly to 44%, which may encourage altcoins to make their move. The Total 3 Market Cap is currently at a crucial level of $400 billion, with the breakthrough level at $405 billion. If this level is breached, altcoins may be poised for a surge. Altcoins to watch out for bullish trends are Binance (BNB), Polygon (MATIC) and the new meme coin Dogetti (DETI).
Binance Retires Deposit Addresses For Efficiency
Binance, the biggest cryptocurrency exchange in terms of trading volume, has announced the shutdown of various old deposit addresses as a part of its infrastructure upgrade. The exchange stated on April 18 that it would retire specific deposit addresses and memos in phases across various blockchains like Ether, Tron, BNB, and Stellar. According to Binance, this is a regular measure taken to improve user security and enhance the platform's efficiency.
Binance Coin (BNB) has seen a notable breakout this week, surging above its monthly resistance level of $320. With the 20-day EMA trending upward and the RSI climbing above 60, signs indicate a shift towards positive sentiment and bullish momentum. As of writing, BNB's price trades at $334, up 2.5% from yesterday. Breaking above $340 may lead to a high of $350 next week.
Polygon At 3% Increase
Polygon (MATIC) briefly slipped below the symmetrical triangle pattern's support line on April 12, but bulls aggressively purchased at lower prices, leading to a rally that broke through the 20-day EMA at $1.12. The price encountered hurdles from bears as it neared the resistance line of the triangle, suggesting a continued struggle between the bullish and bearish factions.
At present, the price of MATIC stands at $1.18, experiencing a 3% increase. According to TradeView, MATIC whales may increase the accumulation rate if the altcoin surpasses $1.25, pushing the price to $1.5 by next week.
Dogetti To Launch Soon
Dogetti (DETI) is the latest addition to the world of meme coins, offering users real utility and community-driven features. The team has adopted a user-friendly approach with a focus on decentralisation and utility to shift wealth into decentralised finance (DeFi).
Dogetti DAO allows each DETI holder to vote and propose upgrades and developments to the project, providing users with a say in the project's direction. Moreover, Dogetti is introducing Dogetti NFT pets that will hold real value and give exclusive access to Dogetti events and content. The 2% reflection protocol is at the core of Dogetti's platform, redistributing 2% of the 6% transaction fee to the community, allowing users to earn passive income just by holding DETI tokens.
The Dogetti team has moved the launch date to June 20th in response to popular demand from the community. Designed for both new and experienced investors, Dogetti is a user-friendly platform with accessible features to make crypto investing enjoyable.
For more information about Dogetti (DETI):
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
