The nameless host of InvestAnswers says blockchain scaling answer Polygon (MATIC) is his high altcoin decide.
In a brand new YouTube video, the host tells his 444,000 subscribers that MATIC could not have probably the most upside of any token, but it surely represents “probably the most upside balanced with the least quantity of draw back.”
The analyst additionally says Polygon, in line with 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% previously 24 hours and almost 15% previously seven days. The token can 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 assist stage for Polygon. He additionally notes that $0.65-$0.66 represents a “killer entry” for the altcoin.
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