Which cryptocurrency has the best growth prospects? SPOILER: Polkadot will be able to unite cryptocurrencies into a single network?

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While the foreign exchange market continues its unhurried movement,pilots of cryptocurrency missiles are already directing their ships "natives" with might and main.
One thing unites them - we are in both marketswitnesses of how the American dollar is losing its previously gained positions, retreating under the pressure of the monetary policy of its own regulator - the Fed. This policy is aimed at accelerating inflation through a quantitative stimulation program. The printing press chugs and smokes and produces newborn greenbacks. Almost on a planetary scale. All this has begun to bear fruit - the hinges of the American economy are “lubricated” with green fuel and begin to operate at new capacities. The latest data on GDP, the labor market and, above all, inflation show that the Fed is achieving its goals with confidence. Now the Fed's main goal (according to grandfather Jerome Peay) is to keep inflation slightly above 2% for an extended period.

What is inflation?This is nothing more than a cheapening / depreciation of money. So the current mission of the Fed is to weaken the dollar. This is exactly the picture we see in the currency, stock and crypto markets. The only BUT: if the euro, pound and other currencies are still barely stepping on the heels of the buck (since they themselves are not fools to print national state signs), then the crypto market has now received such a boost (acceleration), which we have not seen for a long time! And if the first five coins have already been dismantled far and wide, the 6th Polkadot coin is not yet so well covered in the cryptocurrency "press". Why is this digital currency so good?

FOUNDATION

Polka is a technology designed to increase the interoperability of different blockchains, such as Bitcoin and Ethereum, and combine them into a single multi-blockchain.
It is designed to address the key issues preventing digital block technology from becoming a full-scale practical application, namely:
— Scalability:So-called first-generation blockchains cannot handle the huge number of transactions in the envisioned decentralized world of the future. While network nodes process transactions in a one-to-one format. This factor hinders further growth of the network.
— Isolation: Blockchains remain discrete and independent, lacking two-way communication and interoperability.

Now Polkadot technology is being integrated into many digital networks / terminals, which also positively affects its future prospects.
So just a few days ago the platformexchange aggregation Orion Protocol announced its connection to the Polkadot ecosystem through the integration of Orion Terminal and the Ethereum EVM-compatible smart contract platform Moonbeam Network.

However, fundamentalum is fundamental, and nobody canceled technical analysis!
Let's take out our cryptomicroscope and take a look at the “polka” with all passion.

TECHANALYSIS.

 

CLOSE THE CHART ON TRADING VIEW

On the daily timeframe we see a stableuptrend. Now the price is in a correctional phase to the trend. From local support (green) and resistance (red) lines. A triangle figure is formed. Near the lower border of the channel there is also a red horizontal line POC (point of control) – futures maximum volume level. If from this zone we see the formation of a reversal pattern (123 or zigzag) with a break through the upper border of the triangle, then we wait for a RETEST of the broken level from top to bottom and enter a buy position (if the retest is successful) with the goals of a local maximum –46.8and a powerful psychological level– 50. For selling, the same rules apply, only the lower border of the triangle must be broken through and tested, in which case the price can return to the internal trend line + 23 fibo level –37 dollarsper coin.

Friends, of course, all the author's thoughts are not a guide to action, but his modest view of the development of further events for the selected asset!
Have a good and thoughtful investment!

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