The nameless host of InvestAnswers says blockchain scaling answer Polygon (MATIC) is his high altcoin choose.
In a brand new YouTube video, the host tells his 444,000 subscribers that MATIC might not have probably the most upside of any token, however it 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 danger. It has extraordinarily excessive adoption. [It has] very stable every 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 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 provide monetary recommendation however says the $0.60 is a “fairly stable” historic help stage for Polygon. He additionally notes that $0.65-$0.66 represents a “killer entry” for the altcoin.
I
Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox
Verify Worth Motion
Comply with us on Twitter, Facebook and Telegram
Surf The Day by day Hodl Combine
 
Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses you might incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in affiliate marketing online.
Featured Picture: Shutterstock/JLStock/Voar CC
