 ▲ Polygon (POL), Chiliz (CHZ), Hyperliquid (HYPE) / ChatGPT-generated image |
As the cryptocurrency market adopts a wait-and-see stance ahead of geopolitical risks in the Middle East and the release of U.S. employment data, investors are turning their attention to three major altcoins expected to drive volatility in the first week of March.
According to a March 2 (local time) analysis by BeInCrypto, Polygon (POL), Chiliz (CHZ), and Hyperliquid (HYPE) have been identified as key market variables this week as they face technical upgrades and significant token supply changes. Each asset carries major catalysts — network enhancements, share buybacks, and large-scale token unlocks — suggesting they may move independently from Bitcoin’s trajectory.
Polygon is set to implement the Lisovo hard fork on March 4, significantly enhancing network performance. The upgrade includes improvements to smart contracts, expanded wallet support, and greater flexibility in fee adjustments. The Money Flow Index (MFI), a technical indicator, shows increasing capital inflows into Polygon, reflecting rising investor expectations. The token is currently attempting to break above the $0.109 resistance level, and if it firmly surpasses this upper barrier, it could extend its rally toward $0.120. However, if broader market risk aversion intensifies, investors should watch whether the $0.104 support level holds.
Sports blockchain company Chiliz is responding to selling pressure through an aggressive buyback program. Despite the broader weakness in the cryptocurrency market, Chiliz has been utilizing its own revenue for token burns and buybacks, managing circulating supply while strengthening ecosystem utility. This strategy goes beyond simple price defense and serves as a strong signal of confidence to long-term holders. Experts note that Chiliz’s proactive market intervention has helped limit short-term price declines and establish support levels.
In contrast, Hyperliquid faces the challenge of a large-scale token unlock. On March 6, approximately 9.92 million HYPE tokens are scheduled to be released into the market, raising concerns about oversupply and downward price pressure. Although Hyperliquid has maintained a solid upward trend recently, the upcoming unlock represents a significant portion of its circulating supply, increasing the risk of a breakdown below existing support levels. Investors are closely monitoring the possibility of profit-taking from token recipients and bracing for heightened short-term volatility.
This week, the altcoin market is expected to experience sharp fluctuations as project-specific positive and negative factors interact. Major events such as hard forks tend to amplify price volatility, while token unlocks serve as a test of market liquidity. Cryptocurrency investors should carefully monitor official project announcements and on-chain data in real time and respond prudently to rapidly changing market conditions.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses incurred based on it. The information provided should be interpreted for informational purposes only.*