Polygon (MATIC) Poised For A Bullish Surge, Analyst Who Predicted 2021 Fall Says

Christian Encila

1 year ago

3 mins read

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Polygon (MATIC) has caught the attention of pseudonymous analyst Dave the Wave, who sees promising signs for the cryptocurrency. According to Dave, Polygon is poised to enter a significant uptrend against Bitcoin, and his optimism is based on a thorough analysis of the current market dynamics.

As the broader crypto market experiences a surge, with Bitcoin reaching the $36,000 level and maintaining its momentum at the time of writing, MATIC is emerging as a standout performer.

Dave the Wave is particularly bullish on MATIC, stating, “If MATIC did a 3x against BTC, and BTC did a 5x against USD (US dollar)… you do the math.”

The analyst supports his claim by presenting a chart that suggests MATIC could replicate a similar pattern against Bitcoin, potentially witnessing a remarkable 200% increase from its current value to approximately 0.0000618 BTC, equivalent to $2.25.

If MATIC did a 3x against BTC, and BTC did a 5x against USD….. you do the math.😎 pic.twitter.com/qbbzjwT1f3

— dave the wave🌊🌓 (@davthewave) November 8, 2023

The MATIC Surge: A Closer Look At The Numbers

Examining the current data on CoinGecko reveals that MATIC is currently priced at $0.837571, showcasing a 2.6% increase over the past 24 hours. What’s even more impressive is the seven-day surge, with MATIC experiencing a substantial 26.7% rise.

Source: Etherscan

This upward momentum aligns with Dave the Wave’s positive outlook on the cryptocurrency, hinting at the potential for further gains in the near future.

The #btc one year moving average corroborating the LGC. pic.twitter.com/3y4wbWPhF6

— dave the wave🌊🌓 (@davthewave) November 7, 2023

Dave the Wave’s optimistic predictions for MATIC raise the question: What is driving this confidence in the cryptocurrency? The analyst’s focus on MATIC’s performance against Bitcoin suggests a belief in its ability to outperform the leading cryptocurrency.

Total crypto market cap currently at $1.3 trillion. Chart: TradingView.com

By drawing parallels with historical trends and presenting a compelling chart, Dave the Wave implies that MATIC has the potential for substantial growth, positioning itself as an attractive investment option.

Analysis Suggests 200% Potential Gain

For investors eyeing the cryptocurrency market, especially those considering MATIC, the implications of Dave the Wave’s analysis are noteworthy. The potential for a 200% increase against Bitcoin could translate into significant gains for MATIC holders. However, it’s crucial to approach such projections with a degree of caution, as the crypto market is known for its inherent volatility.

As the market continues to evolve, keeping a close eye on MATIC’s performance and monitoring any developments is advisable for investors seeking to capitalize on potential opportunities.

The current analysis of Polygon by Dave the Wave paints a bullish picture for the cryptocurrency, suggesting a favorable trajectory against Bitcoin.

As the crypto market remains dynamic, investors will be closely watching whether MATIC can indeed realize the predicted gains and establish itself as a notable player in the ongoing market rally.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from Shutterstock

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.