An altcoin that the famous crypto whale Kaleo said will explode is rapidly pouring into the stock markets. Massive stock market entries raise the possibility of selling pressure.
Altcoin whales pile massive coins into Coinbase wallets
During the day, a huge crypto whale transferred $12 million worth of Polygon (MATIC). Data provided by Whale Alert shows that the whale sent 13,428,828 MATIC to Coinbase, one of the largest centralized exchanges. MATIC price was trading around 0.5% in the green at this time. It is spending time above $0.9 away from any dips. The reason behind the price staying strong is based on high-profile partnerships in recent months.
Polygon (MATIC) was in the spotlight throughout the year with giant partners like Meta and Disney
MATIC is the cryptocurrency from Ethereum scaling solution Polygon, used to verify transactions and run the network. Despite the project’s collapse of Terra in May and FTX in November, there have been some brilliant collaborations. Thanks to the Instagram integration, MATIC’s position in the NFT market has caught up with its competitor Solana.
Data from on-chain analytics firm Messari shows Polygon has grown 191% in NFT sales since the end of September. In addition, since the beginning of the year, Meta has partnered with a number of well-known brands, including Disney, Reddit and Starbucks. All this news has helped crypto analysts raise the bar on MATIC predictions. For example, Kaleo, a famous crypto whale, said that MATIC could outshine Bitcoin in terms of performance.
Kaleo predicts rally for altcoin piling up on exchanges
Cryptocurrencies flowing into centralized exchanges are often made to be sold or leveraged. Kaleo, on the other hand, said in his tweets dated December 1 that he believes MATIC will outperform Bitcoin. The crypto whale and analyst says that MATIC, which has eliminated the diagonal resistance in the lower timeframe, will surpass Bitcoin in the coming days.
WE DID A LITTLE MANIFESTING AND THE BREAKOUT HAS COMMENCED.
THE 🔨 IS BROKEN pic.twitter.com/1IZyVPbiWD
— K A L E O (@CryptoKaleo) November 30, 2022
Kaleo examines the MATIC price against Bitcoin in his technical analysis. MATIC/BTC is currently trading at 0.00005457. The analyst predicts that MATIC will win in this pair and the price will reach $1.12. The price target for the MATIC/BTC pair will be 0.000066 BTC. If Kaleo’s prediction turns out to be true, that would mean over 20% rally from current levels. cryptocoin.comYou can take a look at the previous accurate predictions of Kaleo that we have quoted here.
Analysts expect these levels in MATIC price in 2025 and 2030
The crypto experts at Changelly have concluded that MATIC should be worth at least $3.39 by 2025. Meanwhile, experts have predicted that the maximum price for 2025 will be $3.97. Changelly analysts believe that by 2030, MATIC will trade between $22.74 and $27.07 with an average price of $23.36. Meanwhile, MATIC is trading at $0.9235, down 68.39% from the $2.92 ATH level.
