It has been just revealed the fact that there is a huge MATIC-related prediciton here that hints at new bullish moves for the coin. Check out the latest reports below.
MATIC new price prediction is out
It has been just revealed that an important trader known for making a series of accurate calls says that Polygon (MATIC) could explode in price during the next bull market cycle.
According to the latest reports coming from the online publication the Daily Hodl, the pseudonymous analyst Dave the Wave said on X that the layer-2 scaling solution Polygon is likely going to enter a significant uptrend against Bitcoin (MATIC/BTC).
“If MATIC did a 3x against BTC, and BTC did a 5x against USD (US dollar)… you do the math.”
Based on his analysis, the trader suggests that MATIC will follow a similar pattern against BTC and increase by approximately 200% from its current value to reach around 0.0000618 BTC ($2.25).
At the moment of writing this article, MATIC/BTC is being traded at 0.0000220 BTC ($0.77).
The trader also shares his opinion on Bitcoin, indicating that the one-year moving average of the king crypto shows that the logarithmic growth curve (LGC) is an accurate predictor of Bitcoin’s overall price pattern.
The analyst’s version of an LGC aims to plot Bitcoin’s long-term market cycles’ highs and lows while filtering out short-term volatility and noise.
“The BTC one year moving average corroborating the LGC…
Indeed, this is arguably the best single metric we have for something to identify ‘bull market support’ … with shorter-term metrics crossing the price to both sides too often.”
Other than this, the crypto space is boiling at the moment ahead of the SEC’s acceptance of a BTC ETF, according to the predictions.
Everyone is looking eagerly to seeing this huge move in the crypto space that will definitely change the course of history.
