Matic has seen quite a run this year and in several ways, this project reminds me of Omisego. Both teams appear to be pursuing PLASMA technology as the solution to the scalability problem. At one point, OMG had a market cap of over 1 Billion but currently sits around 280mm. In my opinion, OMG still has more to offer due to the fact that it has a OMISE behind it and also because they won't dilute the number of tokens like MATIC will.
That being said, i believe MATIC could easily reach 50% the market cap of Omisego. If it's able to accomplish this in short order, we would be at 900-1000 satoshi's and nearly a 4x gain from current levels. Anyone who would have called a 10x gain in 12 days when we were at 50 SAT's would have been called a loon. Let me know your thoughts.
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My other post that goes beyond the technicals, worth a read:
I agree sir. Dont listen to the pump and dump. It did pump, and it DIDNT dump. The chart looks very healthy and this coin is still severely undervalued.
SecludedJ
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Hope you're not still on this ride man. Not even close to finished yet.
LtCmdrData
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10 cents by year end. Not saying it will necessarily settle there, but I am almost certain Matic will see the 10cent mark... Whatever sats that may be im not sure. I certainly dont think your 900-1000 target is crazy by years end (or summers end). This thing goes up and down fast. Its fun-- its like any other crypto on fast forward.
SecludedJ
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Sell it and run away. It's the typical pump and dump formation. Going back to lows.
Cryptrarian
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@SecludedJ, i disagree. Sell off after the pump was a slow consolidation. P&D would see a much faster retreat. Also, currently making bullish moves on increased volume. I'm holding a substantial portion. Best of luck though!
SecludedJ
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@Cryptrarian, Sorry man. We see this all the time, and there are those who hold hope all the way down to the bottom and then sell. This is one of those cases. Let it go.