US billionaire and entrepreneur Mark Cuban has remained bullish on Polygon (MATIC) even because the altcoin reported some worth weak point in current days. Cuban believes that in 2022, Polygon will outperform Bitcoin and Ethereum in development. However regardless of this, we’ve got seen some bearish traits in MATIC over the past week or so. Listed here are some highlights:
MATIC is at the moment buying and selling at $1.58, down by about 5% within the final 24 hours.
The coin has been on a downward development within the final week.
Value weak point may worsen for Polygon (MATIC) as a result of geopolitical disaster in Europe.
Knowledge Supply: Tradingview
Polygon (MATIC) – The long-term image
Buyers like Mike Cuban sometimes take a look at the long-term prospects of a coin and never the short-term ones. Sure, MATIC has seen some destructive worth motion in current days. In actual fact, 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 quite a lot of 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 sort of constructive. Some prediction even reveals that MATIC may in actual fact hit $100 by 2025.
Why you should purchase Polygon (MATIC)
As famous above, the basics for Polygon (MATIC) are merely wonderful. The venture has been making main strikes, together with constructing its ecosystem to make the most of the rising NFT craze and crypto-related gaming.
Polygon has the potential to grow to be as large 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 may blow up very quick within the close to future.