Is Matic a good investment? 10x possible?

[veeman]

Seems to be getting a lot of positives lately

2.7B in circulation.
10B max supply
Valued at $0.017

CZ backed and confirmed he holds a significant amount

Mainnet within next 3 weeks
Staking on Binance to follow days after. Rumours are 15%
Coinbase listing to follow (nothing confirmed)

One of India’s major crypto’s. Other things

- 70+ #dApps
- Most successful #IEO on Binance
- Mass adoption of major mainchains
- A huge future in #DeFi

Currently at 195 Sats. ATH is 575 Sats

Negatives
-December pump and dump. 550 Sats to 150 sats in hours. There was a coin unlock of 800M coins which all got listed on Binance. 1.2B unlocked this Sunday 26th taking it too just under 4B in circulation however it’s almost all for staking so should see minimal hit market this time round

I am thinking a possible 3-5x by end of summer.
What are your thoughts? I have started looking at it again in the last few weeks and it all seems very positive and pretty impressively run

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[Teraboy]

Staking yield for 15% is a really high.

Im thinking the possible price for matic to go 3x. I didn't try to take the a lot of price caused by we will see that what will be happening with matic. As long as it can break the resistance point and it may go to the moon again.

[KyoRider]

Yep matic is one of the good investment.. Its a very promising project its a good timing to buy while the price is dumping.

[crwth]

MATIC is one of the coins that I tend to be okay with HODL for a while. I use it as one of the pairs in my arbitrage bot because I know it could be of value, and it tends to be working fine with it. I don't have any idea how to deal with DApps, but with the toolkit that they have for the developers, especially the architecture, it could be ideal.

Since the price is down -3.5% right now on CMC, I think it would be ideal for getting more if you want to support it.

[drlukacs]

Yes, we see a lot of Matic's flashy achievements and think it will moon, but the game was never easy. These achievements have not only been announced recently, it has been known more than a year ago and when the price is constantly being pushed up, Matic's team has launched their token and sold off. events that matic has dropped more than 80% of the value and made thousands of traders lost all money in their accounts. so we should still be careful about investing in strong fomo alts. maybe it's a big trap and never be greedy.

[krayzie32]

Yes, we see a lot of Matic's flashy achievements and think it will moon, but the game was never easy. These achievements have not only been announced recently, it has been known more than a year ago and when the price is constantly being pushed up, Matic's team has launched their token and sold off. events that matic has dropped more than 80% of the value and made thousands of traders lost all money in their accounts. so we should still be careful about investing in strong fomo alts. maybe it's a big trap and never be greedy.

In the past this coin has risen very high and there was a time when it increased more than x10 value in just a few days. It is true that the fortunate people investing in that period were very happy and it is undoubtedly the best IEO project at Binance exchange. Now I don't encourage you to invest and it's best to look for a better new coin to do this.

[Marckolind]

Matic is a decent hold, and I believe 5x is a good conservative estimation for potential ROI by the end of the year if the BTC halving goes as planed.

I typically look at demand, marketcap, future use cases, roadmap, team etc. to determine whether a project is worth my time and my money. I deal with 15 projects at once, based on heavy research, and have seen low cap coins yield amazingly impressive returns. Recently did an 11x on ALQO. Bought at 50 sats, sold at 700+.

Next project I'm speculating to do well is Stakenet, as they're soon ready with the first Lightning Network compatible DEX in the world, which is pretty revolutionary since it makes it possible to trade instantly from BTC => LTC or vice versa over the Lightning Network, allowing arbitrage bots to run like on traditional exchanges, which will boost liquidity through the roof. Not only that, but they'll implement a "DEX Aggregator" which will merge DEX order books through API's to provide even more liquidity, benefitting ALL DEX's out there. 

This one could easily do a 20x based on it's low marketcap, could perform way better actually, we'll have to see.

[Zazzu]

Yes, I agree matic is a good project. This project has been IEO at Binance and it is ranked as one of the best projects in 2019, if you choose long-term investment for matic then I think you will be profitable at least 3-5 times in future

[Botnake]

Yes, I agree matic is a good project. This project has been IEO at Binance and it is ranked as one of the best projects in 2019, if you choose long-term investment for matic then I think you will be profitable at least 3-5 times in future

It's a big factor that its IEO was conducted in Binance, this exchange has a good reputation, so people would think that any project listed in the exchange is legit, and therefore has a potential, in addition, when the market is bullish, we can easily see these coins will pump due to the hype.

therefore, expecting a 10x return is always possible, as long as the team keeps the project alive with their timely update on development.

[GreatArkansas]

Sharing the chart of Matic Network. If you are looking for 10x, it's kinda impossible for me, especially this project still new, which launched in around 2019, they did a parabolic run around the end of 2019 and boom, huge dump also, seems not healthy pump for me. And especially now, falling in the trendline.
But there are still possibilities for a 10x but for sure it will happen just like what happened around end of 2019 which pump for days and dumped after a few days.

[Taskford]

Sharing the chart of Matic Network. If you are looking for 10x, it's kinda impossible for me, especially this project still new, which launched in around 2019, they did a parabolic run around the end of 2019 and boom, huge dump also, seems not healthy pump for me. And especially now, falling in the trendline.
But there are still possibilities for a 10x but for sure it will happen just like what happened around end of 2019 which pump for days and dumped after a few days.

The charts seems reliable but I will not hook to see that way since changes might come since it's still on open market so better trade with extra precaution and I will not wait for 10x to come since its always better to sell whenever we can see a movements that can give us already a good profit since we know how fast the market moves and might we will get trap for waiting the 10x to come.

[rodskee]

Best for Holding ?yes but x10 is not sure yet.
While India has now lifter the banning of crypto meaning there will be a Big effect to the currencies that is popular to that country and Matic is one of those.
21 million in 24 hours volume and 41 million  market capitalization is not bad for altcoin.
and having possibilities to grow in future ,but don't expect that so high mate just invest what you can afford to lose.

[ElmedoRator]

Sharing the chart of Matic Network. If you are looking for 10x, it's kinda impossible for me, especially this project still new, which launched in around 2019, they did a parabolic run around the end of 2019 and boom, huge dump also, seems not healthy pump for me. And especially now, falling in the trendline.
But there are still possibilities for a 10x but for sure it will happen just like what happened around end of 2019 which pump for days and dumped after a few days.

A great analysis. Looking at the chart, we can see the long-term trend line of Matic. Its price has dropped too deeply compared to the uptrend line so I also think it is difficult for us to see its growth. And I agree with you, now we are just counting on huge pumps, pumping for many days and collapsing in just a few days like the end of 2019

[preikaler]

I'm not really sure this will provide 10x profit. As Rodskee said, now there is a cryto ban in India and I also see that some projects from India are dead, maybe they have difficulties after the ban. I am also afraid will occur on this project

[luckyflop]

I'm not really sure this will provide 10x profit. As Rodskee said, now there is a cryto ban in India and I also see that some projects from India are dead, maybe they have difficulties after the ban. I am also afraid will occur on this project

As far as I know, India has lifted the ban on Crypto, why do you still think that India still banned Crypto? Is there any link to read it? And the market this year is very bad, so there will be many weak projects will die. But Matic is a good project and it will surely make it past the current stage

[Viscore]

TBH, I'd rather look on the fundamentals that its chart currently, no doubt that Matic will be able to recover again but considering the current situation, I think it might take time for an altcoins to pump x10. If bitcoin has been struggling to break its ATH, then I would not expect to see a certain altcoin to pump that high soon.

[thisnewcoin]

Thank you for providing such good information about MATIC. By seeing the positive achievements of MATIC, I will ignore the negative side gladly. And my opinion is, yes, Matic is very good investment worthy coin. Though I don't think 10x is possible, but x4-x5 is very possible within the summer!

[akamit]

~chart~
Sharing the chart of Matic Network. If you are looking for 10x, it's kinda impossible for me, especially this project still new, which launched in around 2019, they did a parabolic run around the end of 2019 and boom, huge dump also, seems not healthy pump for me. And especially now, falling in the trendline.
But there are still possibilities for a 10x but for sure it will happen just like what happened around end of 2019 which pump for days and dumped after a few days.

Most probably the last pump got interrupted due to the corona issue. Not only Matic, but I believe all the altcoins. I have seen great projects with great news lately but the movement was very slim. So until the corona issue settles down I don't expect large gains. However, Matic may reach 10x - but 5x is also a nice gain. But I believe nothing will happen before the corona issue settlement.

[ballerin and giroud]

Pump and dump scheme always happened in crypto industry especially for new coin that being listed. There will be many investor who try to sell the coin when it just launched. But there is something that you should now,  a good coin will always have a good price movement if the coin has a real function. At least the coin can be used by most people on this world when cryptocurrency is being adopted. And I can see it on matic, this coin has a fast transaction proccess and there will be many platform who will adopt this coin as mean of payment system.

[kaneki007]

Matic is still very good for short or long term investment and it is still possible to reach a new ATH, there is still a chance to buy it cheaply although it seems that to get 10x profit in the summer is still unlikely because of this pandemic but I think Matic is one of the altcoins that right to be an investment.