Binance Coin (BNB)
Binance coin is the third largest cryptocurrency with a market value of $ 90.9 billion. Launched in 2017, the coin is the original cryptocurrency not only of the Binance platform, the world's largest cryptocurrency platform, but also the broader system it is developing, which includes Binance Smart Chain (BSC).
Binance seeks to become the primary provider of infrastructure services to the blockchain system.
The rise in the price of the cryptocurrency led to higher trading values and strong growth in transactions on the Binance platform. BNB has risen from $ 38.80 at the start of 2021 to trade around $ 600 this month. Which attracted the interest of all investors, not just users of the platform.
Market watchers are expecting the Binance coin to rise further, reaching $ 1,000. The short term technical analysis is also bullish, as 24 indicators provide buy signals and none of them give sell signals. Support is found at $ 543.66, and the strongest is at $ 506.50. Resistance reaches $ 617.99.
Solana coin (SOL)
Solana, one of the fastest growing DeFi decentralized financing ecosystem, is gaining interest as more applications are launched on blockchain. The project was officially launched in March 2020 after three years of development. The cryptocurrency, SOL, is the network's original currency and has risen from $ 1.62 to a peak of $ 47 this month. It has become the 14th largest cryptocurrency with a market cap of $ 11.19 billion.
Solana's system uses a PoS consensus algorithm mechanism that uses proof of date (PoH) for one of the highest speeds for transactions and smart contract execution for any blockchain. It also provides low transaction fees for users looking for an alternative to the higher fees on Ethereum.
Technical analysis of CoinCodex's price is neutral in the short term. However, with the rapid adoption increasing, the price is expected to rise above the $ 100 level, according to forecasting sites such as Wallet Investor and Digitalcoin.
Chainlink (LINK)
This is a decentralized Oracle network designed to link smart DeFi decentralized financing contracts on the Ethereum blockchain with real-world applications, as blockchain networks cannot otherwise access external data. Oracle feeds information from the real world into the network to release smart contracts when certain conditions are met.
As for the price of LINK cryptocurrency, it rose from $ 11.32 at the start of the year to a peak of $ 42.66 earlier this month. Then, in the past two weeks, it fell to trade around $ 35.
LINK's initial target is $ 50, and the coin is expected to rise further to $ 100 in the long run. Short term technical analysis shows that sentiment is neutral. Where 17 indicators give bullish signals, while seven are bearish. Strong support lies at $ 35-33, with resistance in the $ 37-39 region.
