MATIC

Recent declines in Polygon (MATIC) have some analysts speculating that it may fall to $0.30 during a larger downturn in the cryptocurrency market. Even with the bearish trends impacting a lot of digital assets, Polygon’s fall is notable because it is having trouble regaining bullish momentum alongside NEAR Protocol. By contrast, some top crypto coins such as Rollblock have been able to make gains and establish themselves in a bearish market. Let us find out why Rollblock is a good…

The post MATIC Price Prediction for July 2024: Technicals Show Algotech Could Hit $1 Before Polygon Recovers appeared first on Coinpedia Fintech News The volatile­ cryptocurrency market saw Polygon (MATIC) facing rapid fluctuations. Rece­nt developments within Polygon (MATIC)hint at a pote­ntial upturn given its positive performance­. Meanwhile, Algotech (ALGT), a new contende­r, garners attention for its projecte­d rapid rise, possibly surpassing Polygon (MATIC) soon after its debut. Polygon (MATIC) Shows Signs of Recovery  After a prolonge­d period of decline, Polygon…

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 key bearish trend line forming with resistance at $0.5720 on the hourly chart of the MATIC/USD pair (data source from Kraken). The pair could recover…

Polygon (MATIC) has struggled to maintain its price above $0.75, falling to $0.61 due to strong bearish resistance. Technical indicators, including RSI, Ichimoku Cloud, and MACD, suggest a prevailing bearish trend with limited buying momentum. Polygon (MATIC) is currently navigating through a challenging period as it faces strong resistance and bearish sentiment, hampering its efforts to break higher price levels. Over the last 30 days, MATIC’s price has been unable to sustain above $0.75, resulting in a decline to $0.59…

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 past seven days. This downward trend has prompted the token to test a crucial macro support level, raising questions about its future trajectory. Amid these…

Polygon is fueling the growth of the DeFi ecosystem with massive transaction counts. The upside for the MATIC token is high, buoyed by support from Coinbase and Binance. The Polygon blockchain has grown to become a notable force in the Decentralized Finance (DeFi) sector. At the same time, MATIC, the native token of the platform has seen increased adoption in recent times. How Polygon Works  DeFi opens up a lot of opportunities in the financial industry, from enabling peer-to-peer transactions…

Despite increasing popularity among other cryptocurrencies, Polygon [MATIC] continues to attract a growing user base, nearing 10 million users. However, the network faces challenges with a significant decline in DeFi activity, DEX volumes, TVL, and overall revenue, which could impact its scalability and ability to fund improvements. Despite the increasing popularity of other cryptocurrencies and blockchain networks, Polygon [MATIC] continued to attract a growing number of users to its platform. Data from Token Terminal indicated that the number of users…

The anticipation of the next ETF has caused a significant market shift, with coins such as Solana preparing for a rally despite its current challenges. Polygon, on the other hand, is looking to break past its vital resistance level as Rollblock records an impressive second-stage presale, raising over $670K while eyeing the $1M mark. Moreover, Rollblock is also set to record a price surge in its upcoming third-stage presale, standing out as the best coin to invest in. Rollblock (RBLK)…

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 lies a troubling undercurrent: a 19% drop in quarterly revenue compared to the previous quarter, and a hefty 40% decline year-over-year. Polygon: A Network On…