An Ethereum-based altcoin, which has been the subject of analysis by two popular analysts, has remained on the market’s agenda with a series of high-profile partnerships since last year. Experts say this momentum could be the front row ticket in the next bull.
Altcoin analysts draw attention to the project that will ‘crush’ its competitors
Related altcoin project Polygon (MATIC) was the latest thread from popular crypto analysts Sam and Pentoshi. Even in the midst of recent market sales, Polygon has consistently managed to gain in value, attracting both investors and traders. According to popular crypto commentator Sam, Polygon (MATIC) “crushes” its competitors and consistently shows gains even while other cryptocurrencies are losing.
The analyst points to several reasons why Polygon has been successful. For one, the company is making headlines through partnerships with big brands like Starbucks. Polygon NFTs sell for thousands of dollars, which adds to the coin’s overall appeal.
Starbucks Odyssey is a perfect program that will help spread #Web3 to the masses 🙌🏿
Starting 9/12, Starbucks Rewards members and partners in the U.S can join the waitlist to get access to the Starbucks Odyssey experience and digital collectible stamps. https://t.co/vcN3pI7FO0
— Polygon (@0xPolygon) September 12, 2022
Polygon has also partnered with major companies like Siemens, which recently issued a $64 million digital bond on Polygon. Additionally, it will launch its ZK EVM on March 27, which will enhance privacy features and enable faster transaction verification. cryptocoin.comWe have compiled the recently completed partnerships of Polygon in this article.
MATIC may outperform BTC, according to Pentoshi
Elsewhere, according to crypto analyst Pentoshi, MATIC could hit ATH against Bitcoin “this week or next” after seeing significant performance in the bear market. Accordingly, Polygon added 46 million new addresses to its network in just six months, while the MATIC price used to pay transaction fees and secure the network through staking continued to outperform the broader crypto market.
Last tweet for the night$MATIC ath vs BTC could be this week, or next. Look how it performed during the bear. Now add a catalyst
world’s first zkEVM mainnet coming in a month and people in a rush to short
Imo tops closer to 10-14 days out from event
Also finally broke 1.30 pic.twitter.com/ioxTAtFH7N
— Pentoshi 🐧 (@Pentosh1) February 16, 2023
Altcoin analyst will buy more MATIC at this price
Pentoshi announced in a separate tweet that they have started accumulating MATIC and plan to add more if the price drops to $1.34. At the time of writing, MATIC is trading at $1.50 after rising 20% in the past seven days.
Pentoshi determines he will buy more MATIC if the price drops to $1.34:
Started adding some here
Will add more at 1.34 if we get it, but this is a nice move off the highs. https://t.co/iZNx951Eo1 pic.twitter.com/2LLKciBbe7
— Pentoshi 🐧 (@Pentosh1) February 16, 2023
In summary, the Polygon network will release zkEVM, a scaling solution that uses zero-knowledge proofs to facilitate smart contracts compatible with Ethereum, on March 27. According to Pentoshi, the launch of the zero-knowledge Ethereum Virtual Machine (zkEVM) network could push MATIC higher. Meanwhile, Polygon also benefited from the support of Coinbase Prime, the main brokerage platform of Nasdaq-listed crypto exchange Coinbase, in another catalyst.
