Top 2 Layer-2 Altcoins to Invest in Before the Next Crypto Bull Run
- WBOYOriginal
- 2024-08-22 00:09:121107browse
Planning on investing in Layer-2 altcoins to maximize profits during the upcoming crypto bull run? Dive in as, in this article, we have covered the top 2 Layer
As top cryptocurrencies like Bitcoin, Ethereum, and Solana struggle to gain momentum and experience a constant dump in their portfolios, mid-cap altcoins are making waves by recording a massive uptrend.
This shift in investors’ interest is evident as many mid-cap tokens have recorded a triple-digit surge. If you're planning on investing in Layer-2 altcoins to maximize profits during the upcoming crypto bull run, here are the top 2 Layer-2 (L2) altcoins that have the potential to even outpace the top crypto tokens.
Holo (HOT) Price Action
Despite the bearish action in the crypto market, the Holo price has added over 7% in the past day, with a trading volume of $26.935 million, showing a change of +256.39%. It has also added 5.62% over the past week and has secured the 166th position with a market capitalization of $265.730 million.
The technical indicator MACD has recorded a rising green histogram with a bullish convergence in its averages in the 1D time frame. This highlights an increase in the buying pressure for the Holo price in the crypto market.
If the market continues trading under a bullish sentiment, the HOT price will head toward its resistance level of $0.002120 during the upcoming weeks. However, if the bears dominate the market, the altcoin will retest its crucial support level of $0.001240 this month.
Polygon (MATIC) Price Action
After trading under a bearish sentiment for a brief period, the Polygon price has recorded a strong bullish recovery by adding 7.51% within the past 24 hours and 14.43% over the last seven days. Furthermore, the altcoin is on the verge of reclaiming the $0.5 mark, indicating increased buying pressure.
The Relative Strength Index (RSI) has breached its halfway mark and is constantly rising toward the overbought range. Moreover, the EMA 50-day is on the verge of recording a positive crossover. This suggests that the Polygon price will continue gaining value in the coming time.
Maintaining the price above its important support level of $0.50 will set the stage for the MATIC price to test its upper resistance level of $0.690. On the flip side, a bearish reversal could result in this altcoin plunging toward its low of $0.3250.
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