Cryptocurrency analyst, trader, and anonymous host of InvestAnswers told more than 440K subscribers in a new YouTube video that Polygon (MATIC) network's native asset Polygon (MATIC) may not have the best of any token, but it has "the best on the least negative side". He stated that he has” and praised Polygon (MATIC).
The cryptocurrency analyst also stated that, according to his calculations, Polygon (MATIC) has the third highest “smart contract platform score” after the largest altcoin Ethereum (ETH) and Solana (SOL), which is shown as the strongest Ethereum competitor:
“It has the lowest risk. It has an extremely high adoption rate. It has very solid daily active users, especially considering everything that has happened in this cryptocurrency winter. It has ZK (zero knowledge) Rollup and has Ethereum's Proof of Stake ) will in no way eliminate the need for L2s."
According to data from CoinMarketCap, Polygon (MATIC) is trading at $0.8246 at the time of writing, up 4.4% in 24 hours. The price of MATIC, which ranks 14th in the list of the largest cryptocurrencies by market value, has decreased by 7.33 percent in the last 30 days. Rising to an all-time high (ATH) of $2.92 on December 27, 2021, Polygon (MATIC) has since lost more than 70 percent of its value. The all-time low (ATL) in altcoin was recorded at $0.003012 on May 9, 2019, and Polygon (MATIC) has increased its value by 26 thousand 817 percent since this drop.
On the other hand, the InvestAnswers server warned investors that what he said for Polygon (MATIC) is only a prediction, while stating that $ 0.60 is strong support for the Polygon (MATIC). He also underlined that the $0.65 to $0.66 range is an excellent entry zone for the altcoin.