Polygon (MATIC) Is Poised to Outperform Bitcoin, Says Crypto Analyst Heres the Timeline

Ethereum’s (ETH) Layer 2 scaling solution, Polygon (MATIC), is setting the stage to overtake Bitcoin (BTC), the cryptocurrency of the king, according to a widely-held analyst.

Pseudonym Crypto Analyst Pentoshi To tell His 675,500 Twitter followers know that a major upgrade to the Polygon blockchain project will cause prices to skyrocket.

polygon lab announced On March 27th, we will launch the Zero-Knowledge Ethereum Virtual Machine (zkEVM) Beta Main Network. This upgrade aims to enhance the user and developer experience of his Ethereum ecosystem by increasing efficiency and reducing costs.

Pentoshi predicts that Polygon will reach an all-time high (ATH) price against Bitcoin about 10-14 days after the technology upgrade.

MATIC ATH vs BTC could be this week or next week. Look at the performance between the bears. People rushing to short also finally broke through $1.30.

MATIC is worth 0.0000602 BTC ($1.47) at the time of writing.

Looking at this chart, MATIC needs to rise above 0.0000650 BTC ($1.59) and was last reached in November 2022 to reach ATH.

Pentosi To tell Polygon has remained strong during the bear market, so it makes sense that the event launch would take it much higher during the broader cryptocurrency rally.

I said this yesterday, and this is probably going to be the main focus of trading next month. It is a bear market coin and in my opinion is likely to create a new ATH against BTC.

Pentosi To tell He is accumulating more tokens after $1.30 turned from resistance to support and started rising higher.

“I’ve started adding some here. If I get it, I’ll add more for $1.34, which is a good move from the high.”

Pentosi To tell We expect Polygon to rise to $1.33 and then pull back, but eventually reach $1.50.

“In the short term, if it cools down a bit, we may see a pullback towards 1.33. If so, it looks like we’ll add there.”

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