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Two popular altcoins achieved serious gains in the expected rise environment with the recent ETF enthusiasm. However, just like declines, rises do not last forever. The intermediate correction in the BTC price has also activated sellers here. Both cryptocurrencies stand out with their technology, and a significant portion of investors make purchases with long-term goals in mind. So, what are the short-term expectations?
MINA Coin Commentary
MINA Coin continues to experience changes in its team. Most recently, Tekinalp, the head of the technology team, handed over his duties to someone else. Considering that the CEO also transferred his duties to another person recently, these changes could potentially cause some morale issues. In particular, Tekinalp’s departure from the technical side could raise questions about whether the complex development process will continue at the same pace without disruption.
With its technology, MINA Coin set out with a challenging goal, which is why the token has been of interest for years despite the lack of a massive product. But if the development and testing processes extend further, will investors’ fear of failure increase? We will all live and see how they manage this process.
On the price front, closures above $1.0591 could bring the $1.33 and $1.66 peaks back into discussion. However, closures below this level could lead to a pullback to the $0.955 and $0.88 support levels.
BTC is currently challenging the $42,000 level, so if volumes increase slightly, an upward movement seems more likely.
LINK Coin Commentary
Chainlink, a monopolizing initiative in the DeFi ecosystem regarding price feeds, has done significant early work in the RWA field. We won’t delve into the details as we’ve discussed them at length before, but the CCIP and Swift partnership greatly improves future expectations.
On the other hand, expansion of the massive staking pool and increased token utility are expected. New steps to be taken this year regarding the staking pool will be supportive for the price. As this article is being prepared, the LINK Coin price is at $14.19, continuing the day with an increase of about 3%.
The LINK Coin price, which continues to fluctuate within a parallel channel, could climb to the $15.25 and $16.78 targets. With these two regions turning into support, the goal will be above $17.46 and $20.
