{"id":190910,"date":"2023-11-10T06:57:09","date_gmt":"2023-11-10T01:27:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=190910"},"modified":"2023-11-10T06:57:09","modified_gmt":"2023-11-10T01:27:09","slug":"analyst-who-called-2021-collapse-forecasts-potentially-massive-polygon-matic-gains-during-bull-market-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/analyst-who-called-2021-collapse-forecasts-potentially-massive-polygon-matic-gains-during-bull-market-crypto-news\/","title":{"rendered":"Analyst Who Called 2021 Collapse Forecasts Potentially Massive Polygon (MATIC) Gains During Bull Market – Crypto News"},"content":{"rendered":"

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A trader known for making a series of accurate calls says that Polygon (MATIC<\/a>) could soar during the next bull market cycle.<\/p>\n

Pseudonymous analyst Dave the Wave tells<\/a> his 142,700 followers on social media platform X that the layer-2 scaling solution Polygon is likely going to enter a significant uptrend against Bitcoin (MATIC\/BTC<\/a>).<\/p>\n

\u201cIf MATIC did a 3x against BTC, and BTC did a 5x against USD (US dollar)\u2026 you do the math.\u201d<\/em><\/p>\n

Source: Dave the Wave\/X<\/figcaption><\/figure>\n

Looking at his chart, the trader suggests MATIC will repeat a similar pattern against BTC and increase by about 200% from its current value to around 0.0000618 BTC ($2.25).<\/p>\n

MATIC\/BTC is trading for 0.0000220 BTC ($0.77) at time of writing.<\/p>\n

The trader also weighs in on Bitcoin, and he says<\/a> that the king crypto\u2019s one-year moving average is showing how\u00a0the logarithmic growth curve (LGC) is an accurate predictor<\/a> of BTC\u2019s broader price pattern.<\/p>\n

The analyst\u2019s version of an LGC aims to plot the highs and lows of Bitcoin\u2019s long-term market cycles while filtering out short-term volatility and noise.<\/p>\n

\u201cThe BTC one year moving average corroborating the LGC\u2026 <\/em><\/p>\n

Indeed, this is arguably the best single metric we have for something to identify \u2018bull market support\u2019 \u2026 with shorter-term metrics crossing the price to both sides too often.\u201d<\/em><\/p>\n

\"Image\"
Source: Dave the Wave\/X<\/figcaption><\/figure>\n

BTC is worth $35,278 at time of writing.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

A trader known for making a series of accurate calls says that Polygon (MATIC) could soar during the next bull market cycle. Pseudonymous analyst Dave the Wave tells his 142,700 followers on social media platform X that the layer-2 scaling solution Polygon is likely going to enter a significant uptrend against Bitcoin (MATIC\/BTC). \u201cIf MATIC […]<\/p>\n","protected":false},"author":2,"featured_media":190911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-190910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/190910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=190910"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/190910\/revisions"}],"predecessor-version":[{"id":190913,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/190910\/revisions\/190913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/190911"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=190910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=190910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=190910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}