Polygon

<div class="dailyhodl">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).<div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1"></div>“If MATIC did a 3x against BTC, and BTC did a 5x against USD (US dollar)… you do the math.”<figure style="width: 100%" class="wp-caption aligncenter"><img class="css-9pa8cd" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F-ZCGjUb0AAMAUi?format=png&amp;name=medium" alt="Image" width="1200" height="589"><figcaption class="wp-caption-text"> Source: Dave the Wave/X </figcaption></figure>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).MATIC/BTC is trading for 0.0000220 BTC ($0.77) at time of writing.The trader also weighs in on Bitcoin, and he says that the king crypto’s one-year moving average is showing how&nbsp;the logarithmic growth curve (LGC) is an accurate predictor of BTC’s broader price pattern.The analyst’s version of an LGC aims to plot the highs and lows of Bitcoin’s long-term market cycles while filtering out short-term volatility and noise.“The BTC one year moving average corroborating the LGC… Indeed, this is arguably the best single metric we have for something to identify ‘bull market support’ … with shorter-term metrics crossing the price to both sides too often.”<figure style="width: 100%" class="wp-caption aligncenter"><img class="css-9pa8cd" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F-WuZZfawAIxfdh?format=jpg&amp;name=large" alt="Image" width="1835" height="901"><figcaption class="wp-caption-text"> Source: Dave the Wave/X </figcaption></figure>BTC is worth $35,278 at time of writing.</div>Source: <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/analyst-who-called-2021-collapse-forecasts-potentially-massive-polygon-matic-gains-during-bull-market-tbt69767.html">https://thebittimes.com/analyst-who-called-2021-collapse-forecasts-potentially-massive-polygon-matic-gains-during-bull-market-tbt69767.html</a>

Analyst Who Called 2021 Collapse Forecasts Potentially Massive Polygon (MATIC) Gains During Bull Market

TheBitTimes

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