Polygon price in EUR and MATIC-EUR price history chart

We look at a specific classification in the Delta Math Index crypto strategy for investing in the blockchain infrastructure sector 100% 

🔵Set theory

$ETH Layer 1 blockchain

$BNB Layer 1 blockchain

$ADA Layer 1 blockchain

$MATIC Layer 2 scaling solution

$SOL Layer 1 blockchain

$DOT Layer 1 blockchain

$TRX Layer 1 blockchain

$AVAX Layer 1 blockchain

$ATOM Layer 1 blockchain

$LINK Decentralized oracle network

⚫️ Delta Math Index

The DMI is a sector index designed to track the performance of the largest leading and most liquid crypto assets picked to represent the Blockchain Infrastructure Sector.

⚫️ Sector Weightings(%)

▪️ Blockchain Infrastructure(100%)

🔵 To copy this crypto strategy

https://www.iconomi.com/asset/DMINDEX

⚫️ Disclaimer

▪️ The results do not constitute investment advice or recommendation, are provided for informational purposes only, and are not an offer to buy or sell any crypto assets.

▪️ Past performance is not a guarantee of future results. 

▪️ Investing involves risks, including the possibility of losing capital.

Delta Math Index

Math-Based Investing

🔵 Polygon $MATIC

Polygon is a layer 2 scaling solution for Ethereum.

It is a sidechain that is built on top of Ethereum to increase its transaction throughput and reduce its gas fees.

Polygon allows for faster and cheaper transactions by processing them off-chain and then periodically committing batches of these transactions to the Ethereum mainnet.

This allows for a higher transaction throughput and lower fees than what is currently possible on the Ethereum network itself.

It is a sidechain that is built on top of Ethereum and uses a technology called Plasma , Polygon also uses other technologies such as ZK-rollups and Optimistic Rollups to further improve its scalability and performance.

It also supports the development of smart contracts using popular programming languages such as Solidity and Vyper.

One of the benefits of Polygon is that it is highly interoperable with Ethereum, which means that dApps can easily migrate to it without having to make significant changes to their code. 

This makes it easier for developers to adopt and implement the technology.

Overall, Polygon is one of several layer 2 scaling solutions being developed for Ethereum that have the potential to significantly improve its scalability and usability, making it more accessible to users and developers.

Delta Math Index

Math-Based Investing

Markets are climbing the wall of worries on nothing but bad news for the economy. This is hard for bears like us, who expect a collapse. We went back into the strongest alts to ride the wave up, but we are protected with a stop loss when $BTC falls below 24k.

We take profits in

$BTC at 29k (30k is resistance)

$ETH at 1950 usd (2k is resistance)

$ATOM at 15 usd

$MATIC at 1.45 usd

We decided to take profits in the alt-positions we took after the $USDT panic drop. We were able to lock in some gains and by doing that we partly erased the small $USDT loss we decided to swallow.

We sold $ETH , $MATIC and $ATOM.

We sold 5% of our $BTC as well.

The macro is way to bad. CPI numbers could surprise to the upside next week, stockmarket is breaking down. The war is far from over, SVB bankrupcy could cause ripple-effects in the tech-sector.... Gold is on the rise...

We expect another leg down and will start adding $BTC, $ETH and some of our favourite alts when $BTC drops below 18.8k.

SVB went into bancrupty and unfortunately $USDC depegged and is at risk. We decided to take action and sell all our $USDC at a 9% loss. Better safe than sorry.

We decided to re-enter the markets partially because if stables are'nt safe there is nowhere to hide. Our main position is still $USDT but we initiated small positions in $ATOM , $MATIC and $ETH . We re-enter $PAXG again as we expect gold to shine while banks are going down.

Our assumption is we might see a small bounce in $BTC to the 22k level and alts will outperform. But this is very short term. We expect a bigger drop to the 18.5k soon.