Bit of a messy chart this one, but not only do we have a bullish pattern of higher lows and lower highs (green lines) but we also see what could be an inverted head and shoulder pattern with a price target above all time highs. Sidenotes: MATIC is a great project, accumulate while its cheap! I love their ability to evolve to suit the current landscape. long term...
MATIC STABLE IN OUR ACCUMULATION BOX. CAN WE BREAK THE DOWNTREND? HOPEFULLY WHEN BTC RECOVERS, MATIC WILL EXPLODE TO 7/10$. MARK MY WORDS. ENJOY THE BUMPY RIDE.
Fundamental analysis: Stake was endorsed by Vitalik 6 months ago but people forgot due to lots of new hype around NFTs and DeFi. As far as I'm aware Matic and xDai(STAKE) are the only 2 Ethereum second layer solutions ready right now! Both projects have a 50% circulating supply from the max total token supply. Matic has an approximately 20x bigger market cap than...
I think the next step will come more slowly, because currently the feelings are mixed but we must hold and time will do the job! But we don't have to worry about the future ETH L2, we still have a few weeks I think but afterwards, it will be even more unpredictable!