The entire crypto space is on a heavy discount as most of the assets is experiencing a price slash. However, the extreme downtrend opens the doors for a healthy investment as the market tends to rebound soon. Among the other promising assets, Ethereum and Polygon (MATIC) may be considered for investment.
Suppose you invest in Ethereum and MATIC now,how much will you earn in return as the bull run resumes? And When? Let’s find out!
Ethereum Price Poised To Hit $3000 Soon
The ETH price, currently doing its best to reclaim its support levels at $2100 and well-positioned to take the next leg up soon. The price since the beginning of the bull run at the start of 2021, maintains the same trend line. Despite a couple of pullbacks, the price could not break the trend line. No doubt the price suffered a fake breakout, yet settled within the range soon.
The price currently is testing the trend line and soon could rebound with a massive leg up that may escort the price towards the initial levels around $2500.However the actual target still remains above $3000 which may be fast approaching, may be by mid-august. Therefore one can expect good profits.
MATIC Price May Consolidate More
Polygon or MATIC price is trending within an ascending triangle and yet to reach the tip. And hence a little more consolidation could be on the cards, probably for a couple of days. Considering the previous price movements, the price may either break the upper resistance of the triangle to hit $2 or undergo a slight pullback and propel higher.
Moreover, due to the massive gas war on the Ethereum platform, Polygon Chain is witnessing a massive surge in TVL. Since its inception, the TVL has surged more than 5000% recording nearly $6 billion in figures. Therefore, the swelling network, collaborations and positive market sentiments may result in the resumption of the bull run.
Collectively, if an individual invests $100 in both Ethereum and Matic may incur profits of more than 20% to 30% in the coming months. Therefore, considering the market predictions, and deep self-research may build a better portfolio.