Savvy

Cryptocurrency

Secure

Polygon

Router Protocol

<p>Router Protocol (ROUTE) has been demonstrating several technical and fundamental signals that point to a highly bullish outlook for the cryptocurrency in 2024. From chart patterns to key partnerships, analysts are making the case for substantial upside in this layer-2 network.</p>
<p><strong>Promising price action </strong><br>According to <a href="https://twitter.com/Thrifffff/status/1744015986351878613?t=vR3UnvrDsAIzSXqmjGRa7w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">crypto trader Thrif</a>, Router Protocol is mirroring the early price action of Polygon (MATIC) during its extended accumulation phase. MATIC traded sideways for two years, building a solid base before breaking out to spectacular gains of nearly 10,000%.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="597" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-222-597x1024.png" alt="" class="wp-image-416543" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-222-597x1024.png 597w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-222-175x300.png 175w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-222-768x1316.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-222-896x1536.png 896w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-222-1195x2048.png 1195w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-222-88x150.png 88w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-222-100x171.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-222-204x350.png 204w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-222-788x1350.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-222.png 525w" sizes="(max-width: 597px) 100vw, 597px">
</figure>
<p>Thrif suggests ROUTE is poised to stage a similarly explosive move after Range-bound Monthly Trends consolidating for over 1.5 years. The chart shows ROUTE testing resistance at $1.15, where a break higher could kickstart a parabolic advance if it follows MATIC’s playbook.</p>
<p><a href="https://twitter.com/_TheArtOfGiving/status/1744017984392184110?t=oygx3tr4o4JRpvg38xfRPA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Another analyst, Dctor Giving</a>, notes ROUTE has already broken its downtrend. He points to the weekly timeframe where ROUTE’s technical indicators have turned up after 10 weeks of upside. This implies the bull move has only just begun with plenty of room left to run in coming months.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="471" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-221-1024x471.png" alt="" class="wp-image-416535" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-221-1024x471.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-221-300x138.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-221-767x353.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-221-1536x707.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-221-2048x942.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-221-326x150.png 326w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-221-100x46.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-221-761x350.png 761w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-221-788x362.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-221.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Strategic Advisors on Board </strong><br>Fundamentals also appear supportive, with <a href="https://twitter.com/nottellingyou73/status/1744368991869513729?t=z13ikN3w1K_oOoqma1Jplg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">one Twitter user</a> highlighting ROUTE’s connections to major exchange Coinbase. Several of ROUTE’s key investors and advisors are former Coinbase executives or current senior employees there.</p>
<p>For example, a recently launched crypto investment fund counted Coinbase’s former Chief Product Officer and a current Senior Staff Engineer amongst its board of advisors. The user suggests such ties make a Coinbase listing for ROUTE all but inevitable this year. This would significantly expand ROUTE’s access and exposure to new crypto investors.</p>
<p><strong>Key Takeaways </strong><br>With bullish technical indicators backing up promising on-chain activity and strategic partnerships, the stage seems set for Router Protocol to mimic MATIC’s meteoric rise. As ROUTE charts its own course to becoming a vital layer-2 scaling solution for Ethereum, exposure via a top-tier exchange would turbocharge adoption and prices. Savvy investors may want to accumulate positions before anticipated listings make entry prohibitively expensive.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/kaspa-consistently-follows-a-multi-year-support-trendline-indicating-kas-price-cannot-dip-below-this-level/" target="_blank" rel="noopener noreferrer nofollow">Kaspa Consistently Follows a Multi-Year Support Trendline, Indicating KAS Price Cannot Dip Below This Level</a></li>
 <li><a href="https://captainaltcoin.com/expert-predicts-bitcoin-btc-will-reach-100k-and-altcoins-to-surge-100x-as-soon-as-these-happen-in-the-crypto-market/" target="_blank" rel="noopener noreferrer nofollow">Expert Predicts Bitcoin (BTC) Will Reach +100k and Altcoins to Surge 100x as Soon as These Happen in the Crypto Market</a></li>
 <li><a href="https://captainaltcoin.com/market-enthusiasts-reveal-secrets-to-transforming-100-into-1000-in-the-thriving-cryptocurrency-scene/" target="_blank" rel="noopener noreferrer nofollow">Market Enthusiasts Reveal: Secrets to Transforming $100 into $1000 in the Thriving Cryptocurrency Scene!</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/router-protocol-bullish-following-matics-early-success-why-route-will-secure-coinbase-listing-this-year/" rel="noopener noreferrer nofollow">Router Protocol Bullish Following MATIC’s Early Success: Why ROUTE Will Secure Coinbase Listing This Year</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Router Protocol Bullish Following MATIC’s Early Success: Why ROUTE Will Secure Coinbase Listing This Year

Table of Contents

CaptainAltcoin

Other articles published on Jan 8, 2024

Bitcoin, Ethereum, and Dogecoin See Price Downturn; InQubeta Captures Investor Attention

Bithumb Listed Two New Altcoins To Its Trading Pairs

Former DCG advisor Larry Summers on list of Jeffrey Epstein’s ‘Harvard friends’

Analyzing spot Bitcoin ETF impact; meme coin craze buoys Dogecoin and Rebel Satoshi

Argo Blockchain shares plunge 8% following COO departure

How to Buy Injective Protocol Coin?

Join our free newsletter for daily crypto updates!