polygon MATIC/USD up 5% in the last 24 hours and hit Bitcoin BTC/USD And ether ETH/USD.

What happened: The rally can be attributed to Polygon Labs, who said their highly anticipated zero-knowledge Ethereum Virtual Machine (zkEVM) will be available to the public on March 27, 2023.

At the time of writing, MATIC was trading at $1.44.

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Pentoshi, the pseudonymous analyst, said that he expects MATIC to “trade significantly higher than it is now” as we get closer to the start of the Polygon event.

He believes it is “a strong bear market coin that I think is likely to make a new all-time high against BTC.”

price action: At the time of writing Bitcoin was trading at $23,779.06, down 3.30%. ETH, at $1,664, was down 1.60% in the past 24 hours, according to Benzinga Pro.

Continue reading: Bitcoin Below $24K, Ethereum, Dogecoin Slide: Analyst Says In “Total Awe” Of Apex Crypto, Predicts 30% Upside