The cryptocurrency markets are yet to replicate the market bulls seen in Q4 of 2017. However, a majority of the crypto community are optimistic that some crypto coins will improve in value given the fundamental developments so far. Recently, Polymath & Aelf crypto coins have captured the attention of crypto players following significant gains in their price. These two cryptocurrencies have been on a bullish trend in the past week increasing 31% & 14% respectively; therefore a hot watch for this weekend as we dive deeper into Q4!
Both Polymath & Aelf are top 100 crypto coins in market cap & have made significant progress in partnerships & project development this year. The two have an impressive algorithmic score of over 4.0/5 while leveraging the famous Ethereum platform for their creation. Trends within the crypto market have however shown that price action in these markets is mostly affected by short-lived hypes, milestones or partnerships. The past few weeks have been good for both crypto projects in terms of strategic accomplishments although Polymath is a bit more bullish than Aelf.
Polymath Bullish Prospects
Polymath (POLY) token price recently got a strong kickback from the news that tZero had finally allocated its security tokens (STO) to ICO investors. This approach taken by tZero is amongst the safest survival options for crypto start-ups eyeing the U.S market after SEC’s strict approach. Security Tokens have become popular following the increase in ICO frauds, it is now a requirement for such to be classified under reg-D securities if launching within the U.S.
The Polymath & tZero collaboration began barely a year ago & has attracted keen crypto enthusiasts within different jurisdictions. Polymath’s active involvement in the development of tZero’s STO & hosting the digital asset on its platform is slowly bearing good fruits according to this recently updated information. Towards the end of the week, the POLY altcoin has reacted strongly to this fundamentals increasing over 14% in the past 24 hours. As of press time, the crypto is still trending upwards although the whole market seems to be reverting towards a bullish price action.
Furthermore, Polymath announced a significant partnership with Netcoins mid-week. This move will help Polymath leverage the cryptocurrency OTC services offered by Netcoins. In addition, POLY tokens will be easily accessed in crypto retailers based in Australia, Europe & Canada as a result.
Trevor Koverko, current Polymath CEO says this is fundamental to their project’s value;
“Netcoins will provide top-quality OTC trading services to Polymath issuers which is huge for us. Many issuers want the ability to convert some or all of the cryptocurrency they raise to fiat, and we are pleased to provide issuers a direct line to Netcoins.”
ELF Altcoin Comeback
ELF altcoin on the other hand has also been a bullish digital asset in the past 24 hours gaining over 7% within this period according to Coincheckup. This bullish trend could probably roll over to the weekend given its project’s latest twitter update an Upbit listing. History has indeed taught keen crypto market followers that such a move could largely influence the price movement even if short-lived.
The AELF project seems to be on a path towards regaining its initial trading price of $1.10 given while maintain an attract volatility of below 25% in the past month. For an altcoin’s whose highest price is $2.59, the probability of gaining 86% to hit this value again cannot be overlooked given the volatile nature of digital currencies. AELF’s market cap value of $87 million & its $24 million daily traded volumes places the crypto coin amongst the possible top gainers of the weekend!