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The sleeping giant Polygon ($MATIC) is about to awake.

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by COINS NEWS 157 Views

Most of you will know of Polygon ($MATIC) as a great layer two solution for ETH. A great way to lower those nasty fees and link chains.

It reached highs back in May but has been fairly quite recently and got beaten down a bit, but looks like its finally waking up to make a big move.... heres my hypothesis:

1/A number of whales just bought massive bags, in the millions and billions worth

2/Looking at the 3month/4HR chart we just crossed upward over the 100 day moving average, and are on target to do blast through the 200 day MA. Every time we do this there is a massive run to the upside.

3/Social volume & sentiment is massively up over the last couple of days, a great leading indicator for a pump

4/Generally once layer 1s pump (as we have seen with Avalance and ELROND in the past week) cash flows into layer 2.

Anyway i just got back in again after selling near the top in May, just thought id give you all the heads up!

submitted by /u/Suit_Artistic
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