Crypto Analyst Names Polygon (MATIC) As His Top Altcoin Pick – Here’s His ‘Killer Entry’ Price
The anonymous host of InvestAnswers says blockchain scaling solution Polygon (MATIC) is his top altcoin pick.
In a new YouTube video, the host tells his 444,000 subscribers that MATIC may not have the most upside of any token, but it represents “the most upside balanced with the least amount of downside.”
The analyst also says Polygon, according to his calculations, has the third-highest “smart-contract platform score” after Ethereum (ETH) and Solana (SOL).
“It has the lowest risk. It has extremely high adoption. [It has] very solid daily active users, especially considering all the stuff that’s happened in this crypto winter. It has ZK (zero knowledge) rollup functionality, and the move of Ethereum to proof-of-stake will not negate the need for L2s at all, by any stretch.”
MATIC is trading at $0.82 at time of writing. The 17th-ranked crypto asset by market cap is up more than 1% in the past 24 hours and nearly 15% in the past seven days. The token is also down more than 70% from its all-time high of $2.92, which it hit last December.
The InvestAnswers host cautions that he doesn’t offer financial advice but says the $0.60 is a “pretty solid” historical support level for Polygon. He also notes that $0.65-$0.66 represents a “killer entry” for the altcoin.
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