Bitcoin still continues to look for direction as altcoins are already bouncing back. The BTC is trading at $42,965, which is 35% below its all-time high of near $65,000, and as a fact many have started looking at other crypto opportunities beyond BTC.
In a recent strategy session held by Scott Melker, he reveals that BNB and four other altcoins are ready to burst as they are flashing strong buy as well as bullish signals.
Binance Coin is one of the biggest gainers in this alt season could surge over 80% from its current price of $542.18 according to Scott Melker. The BNB/USD pair is currently trading around $585 against the US dollar. As per the trader’s analysis, BNB will hit fresh new all-time highs maintaining the market dominance.
Polygon MATIC which hopes to fix the scalability issues is also on the trader’s radar. The rise will continue for the coin as it is backed by extremely strong fundamentals which is a plus point for the coin.
“Volume increasing again and it’s continuing up. It’s absurd. But this is for fundamental reasons. They’ve got a ton of TVL (total value locked). People are using it. It’s solving problems. It’s a layer 2 solution. But I mean this is crazy.”
Based on the Polkadot (DOT) blockchain, Polkastarter, a decentralized finance (DeFi) project, is next on the Melkers list. After breaking out and outshining against Bitcoin (POLS/BTC) he anticipates that it is fueling a massive bull run which seems amazing to him.
SushiSwap (SUSHI), an automated market maker, is also on Melker’s list. As SUSHI aims for a new all-time high of $23.40, the crypto analyst plots out the main buy levels. He suggests buying it down here at $15.170 if it happens to come down again.
Chainlink, a decentralised oracle network, is the final coin. Chainlink (LINK/BTC) appears to be bullish against Bitcoin (LINK/BTC) as it prepares to surge to 0.001, 0.0012, and 0.0016 from its current value of 0.00085, according to Melker.
It looks great. It came down here (0.00037), retested, and looks like it’s heading up… I think LINK looks fine. It looks kind of ready to go. It looks pretty good.”
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