Tag: matic

Crypto, News

Polygon MATIC Experiences Range-Bound Trading Amidst Selling Pressure

Today, Polygon MATIC token is exhibiting a range-bound behavior, encountering slight selling pressure in the early trading hours. The selling pressure emanated from reports provided by Spotonchain, indicating that Wallet 0xa31, associated with the Hermez Network, deposited 3 million MATIC tokens ($2.85 million) to Kraken at an average price of $0.95 […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (February 17) – Matic Faces Crucial Resistance After Surge, Can It Breakthrough?

Following a nice bounce above the $0.80 range last week, Matic increased by another 15% this week to reclaim a key resistance level. The price is currently stuck as it negotiates for the next major move. Matic’s recovery has been impressive over the past weeks following a sharp bounce off […]

Crypto, News

Polygon Foundation Wallet Moves 9 Million MATIC Tokens To Binance, Prompting Market Interest

In a surprising turn of events, a wallet associated with the Polygon Foundation recently transferred 9 million MATIC tokens to Binance, one of the leading cryptocurrency exchanges, sparking significant attention within the crypto community. According to insights from analytics firm Spotonchain, Wallet 0x57f, which is linked to the Polygon Foundation, […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (February 12) – Matic Sustains Recovery Amid Latest Market Evaporation, Up 10% In Three Weeks

Matic has seen a nice recovery after witnessing a serious meltdown in the last couple of weeks. It resurged this month to a three-week high after registering a 5% increase in a week. The bulls appeared back! Last month saw Matic through several drops in the first month of the […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (February 3) – Matic Ends Recovery At $0.83, Slowly Resuming Bearish Impulsive Movement

Matic is down 3% today following a recent price rejection. This led to a slight decrease over the past hour as bearish actions slowly returned to the lower time frame. Matic further recovered this week and completed a retracement movement after testing $0.83. It faced rejection there and initiated a […]

Crypto, News

Polygon Nearly Matches Ethereum In User Acquisition in 2023, Adds 2.8 Million Users This January 

In 2023, Polygon, a Layer-2 scaling network for Ethereum, came close to rivaling Ethereum in crypto user acquisition, as per data from blockchain analytics firm Flipside.  The gap between Polygon and Ethereum was narrow, with Polygon gaining an impressive 15.24 million users compared to Ethereum’s 15.4 million.  NEW: Polygon acquired […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (January 18) – Matic Targets A Crucial Buying Zone, What’s Next After That?

After declining from a 21-month high in the past month, MATIC activated another drawdown a few days ago and approaches a two months support. A huge price movement should be expected if the price drops below it. MATIC slipped below the $0.83 level yesterday in continuation of its bearish trajectory […]

Crypto, News

Polygon Faces Allegations Of Token Allocation Issues And Suspicious Flows To Exchanges

Polygon, a prominent blockchain network, is under scrutiny for apparent discrepancies in its token distributions, raising concerns about potential collaboration with Binance, as reported by intelligence organization ChainArgos. ChainArgos conducted research revealing disparities between Polygon’s stated objectives for token distribution and the actual movement of tokens. The primary focus of […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (December 27) – Matic Enters Crucial Resistance Zone Following 30% Weekly Rally, Can It Break Out?

After losing steam last month, Matic fell and entered a range mode. Although it managed to rebound and push well above the 0.9 level following a massive surge in a week. Now on the verge of breaking out. Looking at the market structure, Matic appeared to have provided some discount […]

Crypto, News

Polygon’s MATIC Shows Bullish Momentum As Total Value Locked (TVL) Surges To $6,275,266,756

Polygon’s MATIC has recently taken a significant leap in the Total Value Locked (TVL) metric, surpassing major blockchain players like Ethereum, Solana, and Arbitrium. The impressive TVL now stands at an astounding $6,275,266,756, solidifying Polygon’s position as a key player in the blockchain scalability realm. This achievement is attributed to […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (November 7th) – Matic Slowly Breaks Higher As It Targets $1, Up 15% In A Week

Matic’s price continued to increase since it bounced off the $0.50 level weeks back. The trend currently looks bullish in the short term as it shows no signs of weakness. More positive actions should be expected! Following a slight pullback near a broken resistance line last month, Matic found support […]

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (October 24) – Matic Steams Down After Facing Rejection, Posts 20% Gains In A Week

Matic saw a weekly 20% increase following a solid rebound off a key level in the past week. It encountered resistance yesterday and retraced slightly. It is currently looking for nearby support to resume bullish. After breaking out of an 8-month resistance line to $0.60 a few weeks ago, Matic […]

Market Analysis

POLYGON $MATIC PRICE ANALYSIS & PREDICTION (October 3) – Matic Signals Bullish After Locating Support, Poises For A Big Rally

Amidst the latest positive actions in the overall crypto market, Matic followed the pattern and increased by 12% in a week following a slight break through a crucial descending trendline. More buying could take place if volatility is enhanced. After marking the highest price level at $1.5 earlier this year, […]