Crypto Twitter influencers predict the onset of altcoin season; top 3 coins worth buying
The cryptocurrency market is currently experiencing consolidation after Bitcoin reached above $30,000, sparking interest in altcoins. Analysts suggest that altcoins have the potential for a breakout, with technical indicators pointing to similarities with previous market cycles. Dogecoin has remained stable, but recently saw a surge in value after a significant shorting of the digital asset. Despite a lack of interest, investors hope that factors such as network development will push Dogecoin to new highs in an altcoin season. PricePredictions, a crypto platform, projects a price of $0.067428 for Dogecoin by July 31, 2023. Litecoin has experienced price fluctuations and is anticipating its halving event, which is expected to generate heightened investor interest. Litecoin has also surpassed Bitcoin as the most utilized digital payment asset on BitPay. Polygon faced setbacks after being classified as a security by the SEC, but is striving to recover through its strong fundamentals. Despite the setback, Polygon’s network has seen increased user engagement. The possibility of an altcoin rally depends on market conditions, including Bitcoin’s price movement.