Donald Trump’s presidential victory gave an unprecedented boost to the cryptocurrency market, pushing major assets like Bitcoin (CRYPTO: BTC) to new highs.
However, the bull market has also managed to draw attention back to those altcoins that have struggled to gain traction this year.
What happened: Polygon (CRYPTO: MATIC), now rebranded to POL, has been one of the biggest benefactors, surging over 61% over the last month. The token climbed to a five-month high earlier this week.
In fact, the coin’s 30-day gains have significantly exceeded those of blue-chip cryptocurrencies like Bitcoin and Ethereum (CRYPTO: ETH), which rose nearly 36%.
Influential cryptocurrency analyst Ali Martinez foresaw strong upside potential for POL, based on multiple bullish indicators.
In an X post on Monday, Martinex highlighted that despite the uptick, only about …
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