CryptoKaleo trader says Polygon may overtake bitcoin

A trader popular among members of the cryptocurrency community known as CryptoKaleo told his Twitter followers that the Ethereum-based altcoin has every chance of outperforming Binance Coin and Bitcoin. The analyst is convinced that Polygon (MATIC) is ready for a breakthrough against BTC.

According to CryptoKaleo, MATIC is a more promising cryptocurrency than its main competitors. Although Polygon is currently ranked 11th in the top cryptocurrencies by market capitalization and is trading at $ 0.92, things could change soon.

«The main signal for growth is the HTF (High Time Frame), dated May 2021, which is ready to break out higher in 2022,» the analyst explained.

As for the probable value of MATIC, which will surpass bitcoin, the trader is not yet making predictions. However, back in the summer, CryptoKaleo was convinced that BTC would be trading for $ 110,000 at the end of 2024.