Popular pseudonymous analyst Dave the Wave predicts that Polygon (MATIC) could post huge gains during the next bull market. On Twitter, Dave the Wave tells his more than 140,000 followers that Polygon could start a strong uptrend against Bitcoin (MATIC/BTC).
“If MATIC rises 3x against BTC and BTC rises 5x against the US dollar, you can calculate what that means,” said Dave the Wave.
High in the polygon
Looking at Dave the Wave’s chart, it appears that MATIC will repeat a previously experienced pattern against Bitcoin.
If he is right, Polygon could see Bitcoin gain around 200% from its current price level. MATIC/BTC is currently trading at 0.0000220 BTC and Dave the Wave expects MATIC/BTC to be 0.0000618 BTC on the chart.
Furthermore, Dave the Wave also shares his opinion about Bitcoin. According to the analyst, the coin’s one-year moving average shows how accurately the logarithmic growth curve (LGC) predicts Bitcoin’s price.
Based on his chart, Dave the Wave seems to expect a big rise for Bitcoin, reaching around $200,000 in early 2025.
This would mean that Bitcoin will start a massive rise after the halving.
Polygon goes like a rocket
Anyway, at the time of writing, Polygon is booming and appears to be making its first profit from Bitcoin. The price stands at $0.8581, which represents an increase of 7.66% for the project in the last 24 hours and an increase of 31.26% in the last seven days.
This price increases Polygon’s market cap to $7.85 billion, ranking it 13th on CoinMarketCap. Interestingly, for example, it is still behind Dogecoin, which has a market value of $10.47 billion.
It’s still strange to see more serious projects losing to a memecoin like Dogecoin. This also suggests that the sector is not yet mature and that there may still be a lot of room for growth.
Source: BtcDirect
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
