Polygon MATIC/USD surged 5% in the last 24 hours, beating Bitcoin BTC/USD and Ethereum ETH/USD .
What Happened: The rally can be attributed to Polygon Labs saying that their highly anticipated zero-knowledge Ethereum Virtual Machine, or zkEVM, will be available for the public on Mar.27, 2023.
At the time of writing, MATIC was trading at $1.44.
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Pentoshi, the pseudonymous analyst, said that as we move closer to the Polygon event launch, he expects MATIC to trade significantly higher than it is now.
He believes that it is a strong bear market coin and likely to make new all-time-high vs BTC in my opinion.
Said this yesterday but this will prob be my main focus for trading for the next month. As I think as we go into the event launch it will probably be trading significantly higher than it is now
It’s also been a strong bear market coin and likely to make new ath’s vs BTC imo https://t.co/Z1ifXp2klZ Pentoshi (@Pentosh1) February 16, 2023
Price Action: At the time of writing, BTC was trading at $23,779.06, down 3.30%. ETH,at $1,664, was down 1.60% in the last 24 hours, according to Benzinga Pro data.
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