Polygon Is Ready To Take Over Bitcoin After MATIC Takes Dogecoin’s Rank #9 – Mass Customization Is Imminent
- Analyst Pentoshi believes that Polygon (MATIC) will reach an all-time high (ATH) price against Bitcoin (BTC).
- The analyst is confident in MATIC’s ability to reach this milestone within 14 days before the Polygon zkEVM upgrade rolls out.
Polygon could be just a few days or just a week away from going head to head with Bitcoin in price performance. This sentiment was shared by analyst Pentoshi, and has since spurred an interesting conversation in the cryptocurrency twitter space.
Pentoshi, a popular cryptocurrency analyst who likes to share his predictions and technical analysis of crypto on Twitter, is convinced that Polygon (MATIC) has the capacity to not only increase its value significantly, but also dethrone Bitcoin, the most valued cryptocurrency by market cap , in terms of all-time high performance.
According to Pentoshi’s tweet, the takeover could be completed this week. If it takes longer, it can happen during the following week. The analyst believes that Polygon (MATIC) will achieve an all-time high (ATH) price against Bitcoin, just before the upcoming ZkEVM upgrade.
He reckons that MATIC’s strength during the bear market was commendable. Furthermore, the launch of the upcoming zkEVM mainnet is a major catalyst for a MATIC bullish run, as market players also rush to short their positions.
“Last tweet of the night. MATIC ath vs BTC could be this week, or next. See how it performed during the bear. Now add a catalyst – the world’s first zkEVM network coming in a month, and people are in a rush. Imo peaks closer to 10-14 days after the event. Also finally broke 1.30,” Pentoshi explained in the tweet.
Last tweet for the evening$MATIC ath vs BTC could be this week, or next. See how it performed during the bear. Now add a catalyst
world’s first zkEVM network coming in a month and people are in a hurry
Imo peaks closer to 10-14 days after the event
Also finally broke at 1.30 pic.twitter.com/ioxTAtFH7N
— Pentoshi 🐧 (@Pentosh1) 16 February 2023
Pentoshi is giving room for a reversal correction, while remaining bullish
In addition to his tweet, the analyst claims that a bearish correction is not out of the equation, despite MATIC looking extremely bearish. However, he concludes that the chart is still very promising. He claimed in a previous chirping.
It really is the last tweet. Am I excited? yes, it’s been a great week. I’m turbo bullish on this though. Will there be fixes? also yes, it always is. But this is a great chart, a great team, and a great catalyst. High probability setup
On February 14, Polygon announced March 27 as the launch date for the long-awaited upgrade from Ethereum layer-2 scaling solution provider Polygon. Polygon also noted that the launch date reveal comes after a three-month battle testing.
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The launch of the zero-knowledge Ethereum Virtual Machine (zkEVM) Mainnet Beta has been a major topic of conversation in the Polygon ecosystem recently.
The upgrade is especially important for Polygon network developers. Users of the Polygon blockchain will also greatly benefit from the upgrade. The upgrade aims to scale Polygon by bringing speed to the network and reducing transaction costs.
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