As bitcoin continues to rise in value will this signal a bull run for altcoins? Lets take a look at the facts.
Looking at the above chart we can see that MATIC has followed the market movement of bitcoin for the most part. Lets take a look at the news surrounding bitcoin right now. Blackrock and several others have been trying to file BTC ETFs. It is in my opinion that if the ETFs are approved that BTC will increase in price and altcoins will follow at least for a short time. For this reason, I have acquired MATIC tokens for what will hopefully be the next altcoin rally.