Home Altcoin Crypto Analyst Names Polygon (MATIC) As His Prime Altcoin Choose – Right here’s His ‘Killer Entry’ Value – The Each day Hodl

Crypto Analyst Names Polygon (MATIC) As His Prime Altcoin Choose – Right here’s His ‘Killer Entry’ Value – The Each day Hodl

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The nameless host of InvestAnswers says blockchain scaling resolution Polygon (MATIC) is his high altcoin decide.

In a brand new YouTube video, the host tells his 444,000 subscribers that MATIC might not have essentially the most upside of any token, nevertheless it represents “essentially the most upside balanced with the least quantity of draw back.”

The analyst additionally says Polygon, based on his calculations, has the third-highest “smart-contract platform rating” after Ethereum (ETH) and Solana (SOL).

“It has the bottom threat. It has extraordinarily excessive adoption. [It has] very strong day by day lively customers, particularly contemplating all of the stuff that’s occurred on this crypto winter. It has ZK (zero information) rollup performance, and the transfer of Ethereum to proof-of-stake won’t negate the necessity for L2s in any respect, by any stretch.”

MATIC is buying and selling at $0.82 at time of writing. The Seventeenth-ranked crypto asset by market cap is up greater than 1% up to now 24 hours and almost 15% up to now seven days. The token can also be down greater than 70% from its all-time excessive of $2.92, which it hit final December.

The InvestAnswers host cautions that he doesn’t supply monetary recommendation however says the $0.60 is a “fairly strong” historic help stage for Polygon. He additionally notes that $0.65-$0.66 represents a “killer entry” for the altcoin.

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Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in online marketing.

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