Bitcoin
BTC$41 749.04

-0.96%

Ethereum
ETH$3 107.55

-2.35%

Tether
USDT$1.000260

0%

Binance Coin
BNB$463.81

-1.39%

Cardano
ADA$1.41

-9.98%

USD Coin
USDC$1.000028

0.01%

Altcoins bag double-digit gains as Bitcoin price approaches $37,000


30 Jun 2021

#Polygon

MATIC, SUSHI and CAKE soar after Bitcoin bulls finally press the price above the $35,000 resistance. Cryptocurrency prices surged on June 29 as Bitcoin (BTC) price pushed through the $35,000 resistance level and lifted the total market cap by $93 billion, with $50 billion of that total flooding into altcoins.

Bitcoin put on a 7% gain on the day to climb back above $36,000 and leading traders to expect a rally to the $38,000 to $41,000 level if (BTC) can flip the $35,000 level into support.

As the market turned green, data from Cointelegraph Markets Pro tracked notable bullish developments in a number of select altcoins including Polygon (MATIC), SushiSwap (SUSHI) and PancakeSwap (CAKE). 

Polygon (MATIC)

The first coin that has been gaining traction lately is Polygon (MATIC), an Ethereum (ETH) network layer-two solution, whose price has increased 35% since its swing low price of $0.93 on June 22 as BTC crashed below $29,000. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for MATIC on June 27, prior to the recent price rise.

The VORTECS™ Score for MATIC hit 80 and turned green on June 27 just as the price of MATIC began to rally 21% from $1.03 to $1.25 over the next 48-hours. The NewsQuake™ alert system caught the news of MATIC being listed at OKEx on June 28 and this was followed by a rise in the VORTECS™ Score to a high of 91 and a price rally of 10% on June 29.

SushiSwap (SUSHI)

SushiSwap (SUSHI) was also identified as a strong mover by Cointelegraph Markets Pro after the asset's VORTECS™ Score turned bullish.Market conditions for SUSHI have been favorable for some time with its VORTECS™ Score turning dark green and registering a score of 80 on June 27, just four hours before the price increased 30% from $6.47 to $8.45 over the next two days. SUSHI's price is now up 42% from its swing-low price of $3.96, which occurred on June 22.

PancakeSwap (CAKE)

Data from Cointelegraph Markets Pro also signaled a bullish VORTECS™ Score for PancakeSwap (CAKE), a Binance Smart Chain-based automated market maker and decentralized exchange. The VORTECS™ Score for CAKE has been in the green for the majority of the past week, with a score of 72 registering on June 27, roughly five hours before its price began to rally 21% from $11.83 to $14.44 over the next two days. CAKE's price is now up 50% from its swing-low price of $9.64, which also occurred on June 22.

Bitcoin breaks above $36,000

The strength seen across the altcoin market the past two days is in large part thanks to the strong performance of Bitcoin, which finally pushed above the $35,000 resistance and currently trades at $36,400. Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range between $35,300 and $33,850 on Monday, the price of Bitcoin climbed 6.65% on Tuesday from a low of $34,200 to an intraday high at $36,509.

Traders have now set their sights on the $41,000 resistance level as the next obstacle to overcome in the short term. The overall cryptocurrency market cap now stands at $1.48 trillion and Bitcoin’s dominance rate is 46.1%.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 70% 61 $41 749.04 -0.96% -2.23% $790 453 361 790 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64% 76 $3 107.55 -2.35% -3.81% $370 476 531 837 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000260 0% 0% $78 334 923 878 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 70.8% 60 $463.81 -1.39% 0.81% $76 582 253 416 BNB 7 days price change
5 Cardano (ADA) ADA Cardano predictions 74.8% 52 $1.41 -9.98% 15.51% $47 135 872 405 ADA 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000028 0.01% 0.01% $45 771 583 757 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 59.6% 81 $138.20 -0.72% -1.34% $43 415 887 597 SOL 7 days price change
8 XRP (XRP) XRP XRP predictions 68% 65 $0.744850 -1.78% -2.74% $35 501 894 147 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 70.8% 57 $77.86 1.82% 6.62% $27 858 054 525 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 76.4% 51 $24.41 -3.53% -5.01% $24 106 148 388 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 75.6% 45 $0.165854 -1.97% 8.30% $22 004 010 108 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 61.2% 79 $84.62 -1.78% -6.50% $20 677 495 490 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 67.6% 63 $0.000028 -2.77% -1.99% $15 311 534 426 SHIB 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 68.8% 59 $2.08 -5.03% -11.73% $15 177 274 162 MATIC 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $0.999760 -0.01% -0.11% $14 211 985 142 BUSD 7 days price change

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