US billionaire and entrepreneur Mark Cuban has remained bullish on Polygon (MATIC) even because the altcoin reported some value weak point in current days. Cuban believes that in 2022, Polygon will outperform Bitcoin and Ethereum in development. However regardless of this, we have now seen some bearish traits in MATIC during the last week or so. Listed here are some highlights:
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MATIC is at the moment buying and selling at $1.58, down by about 5% within the final 24 hours.
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The coin has been on a downward pattern within the final week.
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Worth weak point might worsen for Polygon (MATIC) as a result of geopolitical disaster in Europe.
Information Supply: Tradingview
Polygon (MATIC) – The long-term image
Traders like Mike Cuban usually take a look at the long-term prospects of a coin and never the short-term ones. Sure, MATIC has seen some unfavourable value motion in current days. In reality, the coin has really struggled to cross over the $2 mark and is more likely to face additional weak point within the coming weeks.
However the long-term fundamentals for Polygon are impeccable. We’re additionally beginning to see numerous institutional cash going into MATIC. That is the long-term image Cuban is speaking about.
The billionaire sees Polygon as crucial Ethereum scaling answer with excellent potential. Additionally, the 2022 outlook for MATIC is kind of optimistic. Some prediction even reveals that MATIC might in truth hit $100 by 2025.
Why you should purchase Polygon (MATIC)
As famous above, the basics for Polygon (MATIC) are merely wonderful. The mission has been making main strikes, together with constructing its ecosystem to reap the benefits of the rising NFT craze and crypto-related gaming.
Polygon has the potential to change into as big as Ethereum. The truth that it’s buying and selling at $1.5 is a certain signal that it’s time to get in. This coin might blow up very quick within the close to future.