As Bitcoin prepares to renew its uptrend and potentially push past $0,000 again, many traders expect big things for altcoins. Several of these alternative currencies depict some bullish social momentum. Whether that translates into a future price increase is a different matter.
Among the altcoins to note stellar performance in early 2021, Dogecoin knows no match. Although most of the momentum is due to Elon musk randomly tweeting Dogecoin memes, it has yielded substantial gains for this alternative currency. Even today, it seems as if DOGE will hover between $0.05 and $0.07 again, at least until traders and speculators grow bored of it. Roughly 83.33% of Dogecoin’s social community expects some price changes throughout this week, either for better or worse.
It has been a while since people showed bullish sentiment toward Cardano. As one of the many altcoins to remain in an extended slumber over the years, no one expected it to surpass $1 in 2021. Today, one ADA is worth $1.277, and may not necessarily stay there either. As 87.69 of the community is bullish on social media, the coming days may prove rather interesting for this currency. Don’t forget Cardano has built-in staking support for those who want to secure the network and increase their holdings.
With numerous IDOs taking place on the Polkastarter ecosystem in the coming weeks, there is a genuine interest in this Polkadot-based platform. POLS’s price notes a strong appreciation lately, turning 80% of the community into social media bulls. Compared to other altcoins, POLS has relatively low social sentiment, which may influence its price.
Depending on whom you ask, PancakeSwap is either the fastest-growing DEX or one of the platforms used for cash trading and inflating Binance Smart Chain’s transaction count. Regardless of which sentiment applies to you, no one can deny the CAKE price momentum. As $13 is now within reach, there is still 66% bullish sentiment toward this project. What goes up must eventually come down, though, so caution remains advised. That applies to all altcoins on this list.
As one of the crucial oracle solutions in the DeFi space today, Chainlink keeps forging new partnerships to bring its technology to more people. Making smart contracts ‘smarter” will always be in high demand. Value-wise, LINK has performed relatively well among altcoins recently, and a return to $30 or more is within the realm of possibilities. With the bullish sentiment still prevalent among community members – roughly 5-to1 vs. bears – the coming week(s) may prove crucial.
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