A trader known for making accurate calls predicts that Polygon (MATIC) has the potential to experience significant growth during the next bull market cycle.
Pseudonymous analyst Dave the Wave, with a large following on social media platform X, suggests that Polygon, a layer-2 scaling solution, is likely to enter an uptrend against Bitcoin (MATIC/BTC). By examining his chart, the trader anticipates that MATIC will follow a similar pattern against BTC and increase by approximately 200% from its current value to around 0.0000618 BTC ($2.25). At the time of writing, MATIC/BTC is trading at 0.0000220 BTC ($0.77).
The trader also provides insights on Bitcoin, highlighting the accuracy of the logarithmic growth curve (LGC) as a predictor of BTC's broader price pattern. The trader's version of an LGC aims to filter out short-term volatility and noise, focusing on the highs and lows of Bitcoin's long-term market cycles. The BTC one-year moving average supports the LGC and is considered one of the best metrics for identifying 'bull market support'. At the time of writing, BTC is valued at $35,278.
Based on the trader's analysis, Polygon (MATIC) shows potential for significant growth in the next bull market cycle. Investors should consider conducting their own due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
