Epic Predictions for These 2 Billionaire-Backed Altcoins! – Cryptokoin.com

He states that this altcoin price prepares it to outperform Bitcoin (BTC).

Altcoin price expected to rise

An analyst says that Ethereum (ETH) layer-2 scaling solution Polygon (MATIC) is preparing the stage to outperform the king crypto Bitcoin (BTC). Crypto analyst Pentoshi, nicknamed Pentoshi, told his 675,500 Twitter followers that a significant upgrade on the Polygon blockchain project will raise its price.

Polygon Labs announced that it will launch the zero-knowledge Ethereum Virtual Machine (zkEVM) beta mainnet on March 27. The upgrade aims to improve the Ethereum ecosystem experience for users and developers by adding efficiency and reducing cost.

Pentoshi predicts that Polygon will reach an all-time high (ATH) price against Bitcoin about ten to 14 days before the technology upgrade. Looking at this chart, MATIC will need to surpass 0.0000650 BTC ($1.59), which it last reached in November 2022, to reach an ATH. Pentoshi says that since Polygon remained strong during the bear market, it makes sense for the event launch to send it much higher during a broader crypto rally.

Pentoshi says he has accumulated more tokens after converting $1.30 from resistance to support and pumping higher. Pentoshi says Polygon could pull it back to $1.33 after its rally, but predicts it will eventually reach $1.50.

Filecoin is growing fast

An altcoin backed by a pair of famous Bitcoin (BTC) billionaires is on the rise as the crypto project’s upgrade is fast approaching. New data reveals that the storage-focused blockchain Filecoin (FIL), powered by the Winklevoss twins, is skyrocketing as the protocol’s breakthrough update approaches.

cryptocoin.com According to data from Filecoin, it rose nearly 38% from a 24-hour low of $5.40 to $7.77. Although the token has shown significant growth recently, it is still much lower than the all-time high of $25.98 set in March 2022.

Epic Predictions for These 2 Billionaire-Backed Altcoins!

According to the project’s official website, Filecoin’s new upgrade, known as the Filecoin Virtual Machine, is a runtime environment for smart contracts built on top of the Ethereum Virtual Machine (EVM).

Its aim is to greatly expand its potential and utility by bringing user programmability and smart contract capability to the altcoin. The project’s mainnet is expected to go live within the next week or two. The Winklevoss twins first invested in Filecoin in 2017 through venture capital firms. They co-founded the crypto exchange platform Gemini.

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