ETH whales buying MATIC. Price surge incoming?

[crzy]

What’s the proof that whales are selling their ETH holdings and buying MATIC?
Well, there should be no issue here because this is just a speculation and its hard to know if the whales are really leaving ETH behind just for the sake of MATIC though of course this is also a good coin and there’s a good opportunity for MATIC to rise but I don’t think they will surpass ETH because ETH will remain the top altcoin.

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[Hypnosis00]

What’s the proof that whales are selling their ETH holdings and buying MATIC?
Well, there should be no issue here because this is just a speculation and its hard to know if the whales are really leaving ETH behind just for the sake of MATIC though of course this is also a good coin and there’s a good opportunity for MATIC to rise but I don’t think they will surpass ETH because ETH will remain the top altcoin.

They might be selling some ETH and diversifying their portfolio looking for something that can be hyped and choosing Matic but just you, I'd never think they leave ETH for this sake. Matic will rise soon which we can't deny but as OP said that it makes its own bull run moments, which is somewhat unrealistic.
If this is true, whales are just preparing for the Bullrun that is what I see. They can never pump and create Bullrun while we are still on the current market condition, I was expecting when Bullrun comes and Matic will show a huge pump.

[nakamura12]

So where do you see MATIC marketcap potential? ATH was around $19.5B and currently hovering around $7.7B which is still high compared to others. I see it definitely having a change to challenge BNB marketcap especially now when binance is under a microscope and has fud to deal with.

However if matic would rise to bnb marketcap level, it would most likely mean that NFTs are far from over. And making a comeback no one asked for in the scale no one is even dreaming of.

And as matic didn't tank as badly as most altcoins out there, it's a clear sign of strenght, so of course whales smell it. But i don't understand your last sentence that they would be taking it seriously now. As i have seen them taking it seriously all along.

Matic is different in price decrease since it didn't decreased that much compared to other crypto where it decreased drastically and when you compare it to other crypto. I would also say that MATIC showed a potential of its growth and there are several projects using MATIC. I don't take it seriously and it doesn't mean I won't buy a little but I would spend that I can afford to lose or decrease it's value in usd. I checked coinmarketcap and the ATH marketcap of MATIC is more than 20B, how I see it is at 21B and the current matic marketcap is 35% of ATH MCAP or around 7.7B. Maybe it's different in numberd if it is in another website.

[serjent05]

As of this time, its still cheap to buy MATIC. If I have missed BNB’s big bull run back then, I think I cannot afford missing MATIC this time. But this is just speculation of course. I’ll just spend an amount that I can afford to lose.

Any big upgrades on Polygon so that ETH whales see potential from this token and this layer-2 project?

From its all time high $2.92 to $0.89 is not a big drop of $MATIC. What do you think about future growth of $MATIC?

Fro $0.9 to $3 is only 3 times and it does not give more profit than invest into ETH if ETH reclaims its all time high at $4891. Polygon had some downtime so I feel safer to invest in $ETH, not $MATIC.

There is some adoption news about Polygon.  I think Polygon is working their butt for more and more company to use the Polygon network for NFT or customer loyalty reward system.  One they successfully closed a deal with is Starbucks.  I believe there is more in the coming years. 

I believe Polygon is long due-for a new ATH.  I wonder why Polygon's price is stuck in the range of $1 and below.  Can't factor the Max supply as the reason since it is only 10B total.

[zasad@]

The price of Matic should not rise much, otherwise it will affect the cost of transactions in this ecosystem. And for successful development, transactions must be very cheap. For an average user, 10 cents may be inexpensive, but it is expensive for projects that make thousands of transactions per day.