Vitalik Buterin gifts $15M to U.S. University, As Kaleo Predicts Upside Trend for MATIC

A local news publication in San Diego posted yesterday that the state had received a sizable crypto donation from Vitalik Buterin. The $15 million donation is the largest crypto gift ever given to a U.S. University and UC campus. It is from Balvi Filantropic Fund, an organization directed by Vitalik Buterin. It was wired as USDC stablecoin and was exchanged into dollars via Engiven, a locally based crypto services provider in the area.

The donation is to help the area’s residents be safe from airborne pathogens following the outbreak of SARS-CoV-2, RSV, and Influenza.

According to researchers, the main cause of these outbreaks is the change in the humidity and the temperatures in the area. The mega donation will help the University of California, San Diego researchers to dive deeper into how the area’s residents can be caved from such occurrences.

Buterin commented on the matter, saying he is pleased to support the creation of the new institute to help determine how airborne pathogens behave and affect people. This is not the first time that Buterin has donated crypto. Also, he is not the only one who has. One of the most popular donations was made in Julian Assange’s extradition case.

The others were carried out in Ukraine vs. Russia war to help support Ukraine in withstanding Russia’s military offensive action. Additionally, millions in crypto have been given as relief in the Turkish Earthquake misfortune.

Now, Buterin’s latest move confirms that the crypto community still believes in upholding humanitarian causes.

Kaleo Predictions on Polygon and Bitcoin

Pseudonymous crypto analyst Kaleo tells his 566,000 Twitter followers that blockchain scaling solution Polygon Matic could be gearing up for a burst to the upside.

“After a nice ~20% drop from a couple of weeks ago, MATIC looks primed for a reversal.” 

After a nice ~20% drop from a couple of weeks ago, $MATIC looks primed for a reversal. https://t.co/DlZ9GMfyP7 pic.twitter.com/jBLmdfdkPU

— K A L E O (@CryptoKaleo) March 7, 2023

Based on the trader’s chart, it appears that he thinks MATIC is likely due for one more leg down below $1 before reversing its trend and rallying all the way up to around $1.70.

Looking at the lower timeframes, Kaleo thinks that MATIC is likely setting up to take out its diagonal resistance.

“Diagonal breaks have led to major impulse moves for each leg higher throughout this uptrend.” 

At time of writing, MATIC is worth $1.13.

The crypto strategist is also updating his outlook on Bitcoin, believing that the king crypto could be consolidating in preparation for a parabolic surge in the coming months.

“This is your daily reminder $40,000 is still a magnet.”

A closer look at the analyst’s chart shows that he thinks Bitcoin could rally to as high as $45,000 in May before setting up a bull trap and correcting all the way down to around $37,000. At time of writing, BTC is trading for $22,183, suggesting an upside potential of over 100% for Bitcoin should it reach Kaleo’s target.