A popular crypto analyst is updating his predictions on a handful of altcoins amid the ongoing bear market.
Pseudonymous trader Altcoin Psycho tells his 10,700 YouTube subscribers that XRP, Polygon (MATIC), Chainlink (LINK), Chiliz (CHZ) and Polkadot (DOT) could plummet by 25-50% if Bitcoin’s (BTC) price takes another big leg down.
However, he notes that Polygon, an Ethereum (ETH) scaling solution, still “looks fine” to him. He predicts it will stay within the $0.70 to $1.00 range. If Bitcoin doesn’t drop down and MATIC consolidates over the next few weeks, the analyst thinks it could surge up to near $2.
Source: Altcoin Psycho
MATIC is trading at $0.881 at time of writing. The 10th-ranked crypto asset by market cap is up nearly 4% in the