Polygon price prediction: Will Matic recover above $1 after recent partnerships?

2023-5-20 14:28

Key takeaways

MATIC is up by only 3% over the past seven days despite Polygon announcing a series of interesting partnerships. 

Antimetal launched its AI-powered cloud cost optimization platform on Polygon.

MATIC could be eyeing the $1 mark, but the fundamentals of the broader crypto market could play a huge role.

MATIC continues to trade below $1

MATIC, the native coin of the Polygon ecosystem, is trading below the $1 mark. The coin has less than 1% of its value over the past 24 hours. At press time, the price of Polygon stands at $0.8748 per coin.

The performance comes despite Polygon announcing several key partnerships this week. 

Earlier this week, AntiMetal launched its AI-powered cloud cost optimization platform on the Polygon blockchain. 

The partnership was followed by Horizon integrating Sequence’s wallet and developer stack on Polygon providing enterprises and app developers the ability to customize and extend blockspace.

Building for the future of #Web3 🏗@0xHorizon will integrate @0xsequence’s wallet & developer stack #onPolygon providing enterprises & app devs the ability to customize & extend blockspace.

This strategic alliance will unlock improved scalability & security for web3 apps💻 pic.twitter.com/PWo5Mmz89N

— Polygon (Labs) (@0xPolygonLabs) May 17, 2023

In the same vein, Sandeep Nailwal, the CEO of Polygon, also launched a web3 fellowship program.

Will MATIC move past the $1 soon?

MATIC has been underperforming over the past few days due to the fundamentals of the broader cryptocurrency market. 

The coin could rally past the $1 mark soon if the fundamentals of the broader cryptocurrency market improve. Bitcoin continues to trade below $27k and could likely drop lower if the bulls fail to defend the $26,400 support level.

MATIC/USD Chart By TradingView

 

The technical indicators on the 4-hour chart show that MATIC is outperforming the broader cryptocurrency market. The MACD line remains above the neutral zone, indicating that the bulls still continue to control the market.

The 14-day relative strength index of 52 shows that MATIC could be entering the oversold region if the market sentiment persists. 

Where to buy MATIC now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy MATIC with eToro today Disclaimer

Bitpanda

Bitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.

Buy MATIC with Bitpanda today

The post Polygon price prediction: Will Matic recover above $1 after recent partnerships? appeared first on CoinJournal.

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Matic Network (MATIC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.5485
Капитализация $0 Rank 99999
Цена в час новости $ 0.8689 (-100%)

polygon matic partnerships interesting 160 series announcing

Источник: coinjournal.net

polygon matic → Результатов: 126


Polygon (MATIC) Nears Resistance Level; Whales Eye Avalanche (AVAX) and InQubeta (QUBE), an Emerging AI Altcoin

The crypto scene isn’t short of excitement, from GoDaddy’s recent integration with ENS to Wormhole’s snapshot of its upcoming massive airdrop to Bitcoin hitting $50,000. With the overall market on the rise, altcoins have been gaining traction, with Polygon (MATIC) about to break the $1 resistance level.

2024-2-23 23:00


Polygon’s MATIC Price Faces Potential Downturn Due to Major Holder’s Sales

Polygon holders were left scratching their heads today as Polygon’s native token MATIC faced selling pressure seemingly out of the blue. The selloff might came on the heels of a report from on-chain analytics platform Spot On Chain, which revealed that wallet address 0xa31 – linked to layer-2 scaling protocol Hermez Network which was acquired […] The post Polygon’s MATIC Price Faces Potential Downturn Due to Major Holder’s Sales appeared first on CaptainAltcoin.

2024-2-17 11:34


Polygon Bulls Form Strong Support, Buys Record $5.8B MATIC at This Price; Cardano (ADA) Poised to Move +20% to Next Resistance

Crypto Analyst @ali_charts posted that most Polygon (MATIC) tokens were purchased between $0. 80 and $0. 86, with 42,000 addresses holding close to 5. 8 billion MATIC in this key demand zone. He notes that given the minimal resistance ahead, Polygon seems primed for a bull run as long as this level around $0.

2023-12-9 10:48


From Polygon NFT Wins To MATIC Gains: Understanding The Connection

Polygon has recently witnessed a remarkable surge in its non-fungible tokens (NFTs) sales volume and the influx of sellers participating in this burgeoning market. This growth in the NFT sector has sparked considerable interest and speculation among investors, prompting many to ponder the potential impact it may have on the price of MATIC, the native cryptocurrency of the Polygon network.

2023-7-22 16:15


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