These Altcoins To Outperfom This Crypto Bull Run

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The green light given by the U.S. Securities and Exchange Commission to Bitcoin ETFs represents a pivotal moment for the cryptocurrency industry. Launched on January 11, nearly a dozen ETFs, supported by major investment giants like BlackRock Inc. and Fidelity Investments, entered the trading arena.

The introduction of these ETFs triggered a notable uptick in both Bitcoin and certain altcoins. Crypto analyst Jacob recently shared thoughts on several altcoins, shedding light on potential opportunities. 

Uniswap (UNI):

Jacob opened up about Uniswap’s recent movements. Noting a positive signal, he highlighted a break in the downtrend, indicating a potential upside move. Jacob pointed out the significance of Uniswap’s structure change and suggested that it might be gearing up for an upward trajectory. As of the latest update, Uniswap (UNI) is trading at approximately $19.50.

Polygon (MATIC):

Moving beyond Ethereum’s ecosystem, Jacob shifted focus to Polygon. Analyzing its chart, he pointed out similarities with Uniswap, with stronger volume and a breakout from a crucial imbalance. Jacob emphasized the importance of support in the $0.80 for Polygon to continue its upward move, expressing optimism if the breakout sustains. At the time of reporting, Polygon (MATIC) is priced around $0.83.

Solana (SOL):

Discussing Solana’s remarkable journey, Jacob pointed out its impressive rise but expressed caution. He pointed out a potential retracement, suggesting a patient approach. Jacob highlighted the importance of clearing the $107 level for a potential retest of highs. Solana (SOL) is currently trading at approximately $102.

Ripple (XRP) :

Jacob addressed the buzz around Ripple’s potential IPO and its impact on XRP. With a positive outlook, he viewed XRP as a potential buy, especially with the anticipation of significant news. He recommended patience for short-term traders but saw potential value for long-term investors. As of the latest update, XRP is valued at around $0.57.