Tag Archives: MATIC

Polygon Announces Date For MATIC To POL Token Upgrade, Price Drops 7%

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On Thursday, the Polygon Foundation announced the date for its upcoming MATIC to POL upgrade after reaching a community consensus. The long-awaited token migration will occur in less than two months and aims to kickstart Polygon’s native token expansion. MATIC saw a 7% drop following the news. Save The Date: Polygon Token Upgrade Coming Soon… Continue reading Polygon Announces Date For MATIC To POL Token Upgrade, Price Drops 7%→

Polygon Records Over 1 Million Active Addresses – Impact On MATIC Price

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The Layer-2 scaling solution for Ethereum, Polygon (MATIC), is currently going through a strange circumstance. The quantity of network activity has increased significantly, but the cryptocurrency’s price is still unpredictable. It’s stuck in a rut, held back by both a possible technical breakthrough and a chronically pessimistic outlook. Polygon: Can Active Addresses Raise The Bar?… Continue reading Polygon Records Over 1 Million Active Addresses – Impact On MATIC Price→

Polygon (MATIC) Turns Bullish After Losing Streak – Is A 1,000% Rally Possible From Here?

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Polygon (MATIC) is again flashing bullish signals, having maintained a bearish outlook for a while now. These bullish signals suggest that the token could soon make a significant move to the upside. Interestingly, crypto analyst World of Charts has predicted that Polygon could enjoy a 1,000% rally when this move happens.  Polygon To Rise To… Continue reading Polygon (MATIC) Turns Bullish After Losing Streak – Is A 1,000% Rally Possible From Here?→

MATIC Price Prediction: Can Polygon Recover From The Recent Crash?

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MATIC price is down over 15% and tested the $0.5150 support. Polygon is slowly recovering, but the bears might be active near $0.5650 and $0.5720. MATIC price started a fresh decline from the $0.6285 resistance zone against the US dollar. The price is trading below $0.570 and the 100-hour simple moving average. There is a… Continue reading MATIC Price Prediction: Can Polygon Recover From The Recent Crash?→

MATIC Price Tests 8-Month Support As Polygon Unveils New Governance Hub

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Polygon’s native token, MATIC, has experienced a notable disparity compared to the broader cryptocurrency market. Unlike the top cryptocurrencies that have posted double-digit gains year-to-date, MATIC has failed to post positive performance across all time frames since the 2021 bull run. Adding to the concern, MATIC’s price has recorded losses amounting to 16.5% over the… Continue reading MATIC Price Tests 8-Month Support As Polygon Unveils New Governance Hub→

MATIC Under The Lens: Why Is Polygon Busy But Not Making Money?

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Polygon (MATIC), a Layer-2 scaling solution for the Ethereum blockchain, finds itself in a curious position. Recent data from Messari paints a picture of a network brimming with activity – daily active addresses surging nearly 120%, new user sign-ups exploding by 70%, and daily transactions reaching a staggering 4 million. Yet, beneath this bustling surface… Continue reading MATIC Under The Lens: Why Is Polygon Busy But Not Making Money?→

MATIC In Consolidation: Key Price Levels To Watch After A Breakout

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For a while now, the price of MATIC has been in a consolidation zone, moving between $0.7730 and $0.6233,  forming a bearing triangle flag in the process. This is a result of the drop from its high of $0.9288 that happened days ago which led to MATIC dropping by over 25%.  Although the price of… Continue reading MATIC In Consolidation: Key Price Levels To Watch After A Breakout→

Crypto Analyst Reveals Trigger For 17% Polygon (MATIC) Rally

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An analyst has explained how Polygon could see a rally of around 17% if the cryptocurrency’s price breaks above this level. Parallel Channel May Reveal What Could Be Next For Polygon In a parallel channel” here refers to a technical analysis (TA) pattern that’s drawn using two parallel trendlines. This pattern’s upper line joins successive… Continue reading Crypto Analyst Reveals Trigger For 17% Polygon (MATIC) Rally→

MATIC Bullish Signals Abound: Technical Indicators Hint At Sustained Uptrend

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MATIC is the native utility token of the Polygon blockchain and it is currently ranked 18th by market cap, with a total supply of 10 billion MATIC and a total trading volume of over $204 million in the last 24 hours. It has been moving upward since its last rejection at a $0.6342 support level.  … Continue reading MATIC Bullish Signals Abound: Technical Indicators Hint At Sustained Uptrend→

Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook

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Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however, presents a tale of two sides for MATIC. Polygon’s Busy Streets: A Sign Of Growth Or Gridlock?… Continue reading Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook→