Synapse (SYN), Predicted Massive Increasing During Regulator’s Crackdown on Crypto
Key Points: The trader believes that there will be three to four triggers in the next six weeks that will push the market towards Synchain/DApps.
Pentoshi sees a difficult 2023 for the entire cryptocurrency market as regulators crackdown on the budding industry.
One low-cap altcoin, Synapse (SYN), according to an analyst who correctly predicted the end of Bitcoin’s (BTC) bull market in 2021, may spark rallies amid a flurry of positive events.The analyst Pentoshi, who goes by the pseudonym Pentoshi, tweets that he is buying Synapse (SYN), a protocol that intends to enable safe cross-chain communication.Pentoshi predicts that the initiative will experience bullish developments that could propel SYN closer to his goals. Technical analysis is used to indicate the most significant levels. Fundamentally speaking, he believes that there will be three to four triggers in the next six weeks that will push the market towards Synchain/DApps. Synchain is a next-generation Blockchain that seeks to address security and scalability issues. There is currently no definite announcement indicating that Synapse and Synchain are forming a collaboration.Pentoshi appears to have set numerous targets for SYN, ranging from $1.47 to $3.75, according to his chart. Pentoshi claims that he has placed bids between $1.20 to $1.25 in the event of a corrective move. This is in contrast to the prediction that the cryptocurrency expert made about Bitcoin’s future.
As we have seen this week, this year is going to be difficult from a regulatory perspective. All of this will pass. Bullish on the frogs (crypto market participants) winning over the suits and animal spirits winning in end.
DISCLAIMER. The information on this website is intended to provide general market commentary but does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuThanaCoincu NewsTags: BTCbtc pricecryptocurrencyCryptocurrency marketPrice btcSYNSynapse