• Crypto market is back with a bang, causing numerous coins and tokens to experience surprise price surges
• Cardano (ADA) and Polygon (MATIC) are two of the primary beneficiaries, with both seeing their prices rise substantially in the past three days
• yPredict (YPRED) has also seen an increase in interest due to its highly successful presale phase.
Crypto Market Back With A Bang
The crypto market is back in full swing this week, causing numerous coins and tokens to experience major price surges. Two of the main beneficiaries were Cardano (ADA) and Polygon (MATIC), both of which have seen impressive gains over the past three days.
Cardano & Polygon Price Surges
Cardano has gained more than 20% from Monday’s low and is now trading just above the $0.30 mark. Similarly, Polygon has risen 18%, currently trading at around $0.70 per token. Both tokens have posted three bullish daily closes in a row – showing consistency in investor buying power – as well as breaking through the 20-day exponential moving average, often used as a proxy for a token’s short-term trend. If they can close above this EMA on the daily timeframe, it would signal a clear shift in investor sentiment towards these cryptocurrencies.
yPredict Sees Increase In Interest
Alongside ADA and MATIC, another beneficiary of positive crypto sentiment is yPredict (YPRED). The new analytics platform has been experiencing an uptick in interest during its highly successful presale phase, highlighting investors‘ confidence that it will become an industry leader when fully launched later this year.
Crypto Market Sentiment Shifts
The overall outlook for the crypto market appears to be shifting towards positivity; investors are now expressing more optimism than they have since March this year. Most cryptos have had some level of buying activity over recent days; however ADA and MATIC are among those that have seen particularly dramatic resurgences.
Conclusion
In conclusion, recent events suggest that Cardano (ADA), Polygon (MATIC), and yPredict (YPRED) could all be set for significant growth over the coming months if investor sentiment continues to remain strong across the cryptocurrency space as a whole.