Polygon is poised to overtake Bitcoin after MATIC takes Dogecoin’s rank #9 – Mass adaptation is imminent

• Analyst Pentoshi believes that Polygon (MATIC) will attain an all-time high (ATH) price against Bitcoin (BTC). 
• The analyst is confident in MATIC’s ability to attain this milestone within 14 days before the Polygon zkEVM upgrade rolls out. 

Polygon might be only a few days or just a week away from going head to head with Bitcoin in price performance. This sentiment was shared by analyst Pentoshi, and has since spurred on an interesting conversation in the cryptocurrency twitter space.

Pentoshi, a popular cryptocurrency analyst fond of sharing his predictions and technical analysis of crypto on Twitter, is confident that Polygon (MATIC) has the capacity to not only increase its value significantly, but also unseat Bitcoin, the most valued cryptocurrency by market cap, with regards to all-time high performance.

According to Pentoshi’s tweet, the takeover could be recorded this week. If it takes longer, it might happen in the following week. The analyst believes that Polygon (MATIC) will attain an all-time high (ATH) price against Bitcoin, just before the upcoming ZkEVM upgrade.

He reckons that MATIC’s strength during the bear market was commendable. Furthermore , the launch of the upcoming zkEVM mainnet is a major catalyst for a MATIC bullish run, as market players are also hurrying to short their positions.

“Last tweet for the night. MATIC ath vs BTC could be this week, or next. Look how it performed during the bear. Now add a catalyst world’s first zkEVM mainnet coming in a month and people in a rush to short. Imo tops closer to 10-14 days out from event. Also finally broke 1.30.” Pentoshi explained in the tweet.

Last tweet for the night$MATIC ath vs BTC could be this week, or next. Look how it performed during the bear. Now add a catalyst

world’s first zkEVM mainnet coming in a month and people in a rush to short

Imo tops closer to 10-14 days out from event

Also finally broke 1.30 pic.twitter.com/ioxTAtFH7N

Follow us for the latest crypto news!

— Pentoshi 🐧 (@Pentosh1) February 16, 2023

Pentoshi makes room for a reversal correction, while remaining bullish

In addition to his tweet, the analyst maintains that a bearish correction is not out of the equation, despite MATIC looking extremely bearish. However, he concludes that the chart is still very promising. He asserted in a preceding tweet.

Really is last tweet. Am I excited? yes, it’s been a great week. I am turbo bullish on this though. Will there be corrections? also yes, there always is. But this is a great chart, great team, and great catalyst. High probability setup

On February 14th, Polygon announced March 27th as the launch date for the highly anticipated upgrade from Ethereum layer-2 scaling solution provider Polygon. Polygon also noted that the launch date reveal is coming after a three months long battle testing.

The zero-knowledge Ethereum Virtual Machine (zkEVM) Mainnet Beta launch has been an important topic of conversation in the Polygon ecosystem lately.

The upgrade is particularly important for Polygon network developers. Users of the Polygon blockchain will also greatly benefit from the upgrade. The upgrade intends to scale Polygon, by bringing speed to the network, and reducing transaction cost.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.