According to a little calculation made by a guy on youtube, MATIC will need a market cap of 122,450,493,811$ to reach the 20$ price, it's a bit far when you compare it with the current market cap of BNB or ADA, but it is still possible, i just don't agree with you on the time that MATIC needs to reach 22$, it may need more than one month.
GJMRealEstate
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njamal, thats only twice the current dogecoin market cap ;)
network valuations are about to get an upgrade
on chain transactions for the last 7 days on matic = $3.5 billion
the value of networks is the new store of value
also: time frames for me don't exist in trading/investing. but you gotta draw lines to some point for the goal. could be tomorrow, could be 5 years. no one can predict time frames.
njamal
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@GJMRealEstate, i totally agree. For the time frames, do you mean that in TA we can't predict the WHEN, we can predict only WHERE the price is heading ? enlighten me please, Thanks.
GJMRealEstate
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@njamal, fundamentals tell us where to look, and technicals can tell us when to buy, but ultimately the when is a moving target. unless you are just talking about buy and sell based on a line in the sand. the when is always subject to market psychology.
@njamal, speaking of youtube. I follow Noah Seidman for quality content on matic and other cryptos.
njamal
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@GJMRealEstate, As for Youtube i found a a channel where the creator creates videos where he calculate the Market Caps for a certain coin to reach some certain prices, he represents his data in table. The video for MATIC is titled as "POLYGON (MATIC) Market Cap BREAKDOWN - Crypto". Look for it, his content might be useful to you.
Jute99
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Would you be so kind as to look at Theta for me? Thank you.
GJMRealEstate
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@Jute99, I am sure theta will do well in a continued bull market. I don't follow this asset and I don't want to put the time into it for a proper analysis. I am sure there are many solid charts on tradingview for theta.
GJMRealEstate
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@Jute99, here is a snapshot. super strong chart. incredible price movement. approaching top fib level. but I don't know enough about the history and the story of theta to give a rational opinion about whether of not it will continue higher.