Scaling solution Polygon ($MATIC) has been on fire this week, trading at $0.6007 as of this writing, up 48.4% over the past seven days.
Such significant price moves normally don't come out of the blue. There are often forces stirring below the surface which can emerge with intensity when a catalyst produces the right conditions.
For example it has been known for many weeks now that whales have been accumulating Polygon, but no rally of note materialized in any of the previous weeks.
However, traders using Crowdsense that had included Polygon in their watchlists received multiple notifications that something was brewing.
As seen below, Crowdsense users were quickly notified on 21/06/2022 at 3:30pm (GMT+3) of the positive news that Polygon had achieved carbon neutrality - a development certain to be welcomed by institutional investors. At the time, $MATIC was trading at approximately $0.4325.
Then on 22/06/2022 at 8:28am (GMT+3) Crowdsense traders were notified that social media sentiment for Polygon had climbed 1 point to a positive reading of 7.1 out of 10. At the time, $MATIC was trading at approximately $0.4124.
The Polygon Daily Sentiment graph from Crowdsense below illustrates that sentiment had been increasing from June 21st, likely as a result of the carbon neutrality development.
Polygon's sentiment appears to have then peaked at the 7.1 level at 10:16am (GMT+3) when $MATIC was trading at approximately $0.399 as highlighted by the red arrows above.
This peak in sentiment coincided with the beginning of the next leg up of Polygon's major rally to the $0.60 level.
Any users who bought in at the 7.1 sentiment level would currently be sitting pretty on around a 50% gain in just a couple of days.
Furthermore, Crowdsense users were also notified when sentiment had reached 6.6 on June 21st and when it reached 6.8 in the early hours of June 22nd.
The $MATIC price at the time of these notifications stood at $0.4394 and $0.4189 - giving traders multiple opportunities to start a position and capture the next move higher.
Leveraging Crowdsense intelligence could be the difference between beating the markets and entering when it's too late to be profitable. If you want to start tracking and receiving the most relevant insights about your favorite coins and stop missing opportunities, we have some exciting news for you!
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Nothing contained in this post should be construed as investment advice. All investment strategies and investments involve risk of loss. Any reference to past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
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