MATIC and AVAX to Rally, ETH to Outperform BTC: Crypto Strategist

Crypto strategist predicts a rally for MATIC and Avalanche.
He also predicts that Ethereum may outperform Bitcoin.
Amazon was said to have formed a partnership with Avalanche (AVAX).

An expert who correctly predicted the end of the bull market for Bitcoin (BTC) a year ago is now forecasting surges for the blockchain scaling solution Polygon (MATIC), as well as for the smart contract protocol Avalanche (AVAX).

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According to the pseudonymous analyst Pentoshi, who has 672,000 followers on Twitter, MATIC seems to be bullish and may be positioning itself for a rise into a significant resistance level.

It is essential to keep in mind that earlier this month, Amazon was said to have formed a partnership with the AVAX developer Ava Labs in an attempt to accelerate the adoption of blockchain technology across a variety of sectors.

This leads Pentoshi to assume that the team is making substantial adjustments, which might consequently cause AVAX to go up to $28 in the recent future.

Pentoshi, on the other hand, is keeping a watch on Ethereum which, according to his analysis, seems to be positioning itself for a rise in its Bitcoin pair (ETH/BTC).

When looking at the chart provided by Pentoshi, it would seem that he is forecasting an increase in the price of ETH/BTC to around 0.072 BTC, which is equivalent to $1,677.

Concretely, Ethereum is changing hands at $1,612.91 which proves a percentage increase of 0.11% during the last 24 hours while Bitcoin, the largest cryptocurrency exchange is trading at $23,511.04.

On the other hand, Avalanche (AVAX) is trading at $20.58, with a trading volume of $444,383,388 during the past 24 hours. MATIC is changing hands at $1.18 according to Coinmarketcap data.

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Godfrey Mwirigi

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.