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Crypto Analyst Regrets Selling Most of His Polygon ($MATIC) Holdings at $0.45

Altcoins

www.cryptoglobe.com 15 May 2021 18:29, UTC
  
Reading time: ~2 m

On Saturday (May 15), Polygon ($MATIC) surged nearly another 20% to set yet another all-time high this week.

Data by TradingView indicates that at 13:47 UTC on May 15, the $MATIC price hit $1.8900, which is the new all-time high.

Five-Day MATIC-USD Chart (FTX) by TradingView

Currently (as of 16:42 UTC on May 15), $MATIC is trading around $1.8099, which means that it is up 28.22% in the past 24-hour period. As for the year-to-date period, $MATC is up an incredible 10,183%.

YTD MATIC-USD Chart (FTX) by TradingView

Earlier today, Dutch crypto analyst and trader Michaël van de Poppe admitted that he had made the mistake of letting go of most of his $MATIC holdings when the price was around $0.45.

I've sold most of my $MATIC around $0.45.

Not in that position.

Huge congratulations to the ones holding that one.

It shows how massive #altcoins can run during this cycle and why you should scale in when nobody discusses them + keep a big for such an expansion.

Lessons.

— Michaël van de Poppe (@CryptoMichNL) May 15, 2021

And popular pseudo-anonymous crypto analyst and influencer “Altcoin Sherpa” had this to say about $MATIC’s latest price action:

$MATIC: This one gives no fucks. Guessing $2.00 will be resistance, psychological #. There's a lot of stuff being built on #MATIC from what I hear, nice to see. pic.twitter.com/f3RpF0S3Gz

— Altcoin Sherpa (@AltcoinSherpa) May 15, 2021

What makes $MATIC’s performance today so impressive is that its price is up over 28% on a day where Bitcoin ($BTC) and Ethereum ($ETH) are down around 6% and 9% respectively.

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

IMAGE CREDIT

Image by StockSnap from Pixabay


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