In the premium environment of Crypto Insiders, current technical analyzes are shared daily by experienced analysts. Polygon (MATIC) has been discussed here regularly in recent times. In this section we review this technical analysis and map recent developments and expectations for the next period. If you still have questions after reading this article, you can easily ask them in our Discord community, here our technical analyzes are usually shared with our members 48 hours in advance.
MATIC is down 4% in the last 24 hours. In the last seven days, however, things have improved a bit. During this period, the share price increased by approximately 2%. The volume in the last 24 hours has decreased by 11%. MATIC is ranked 17th by market value at the time of writing.
What is Polygon (MATIC)?
Polygon says that it wants to be the solution to the many problems that Ethereum (ETH) users experience. For example, these are the problems everyone is familiar with, including high transaction costs and poor transaction performance. What Polygon is trying to achieve is to provide an easy-to-use platform for Ethereum scaling and infrastructure development. In other words, the goal of MATIC is that Ethereum will be in a multiple chainsystem changes, also known as internet or blockchain named.
Latest news Polígono (MATIC)
An interesting event surrounding Polygon is this message that the team shared on Twitter. He states that Polygon’early‘ will come out with a new product. The team later added that “enormous‘ they will be. It is not yet clear what the new product is. In the reactions on Twitter, there is speculation about several possibilities. One says it may be a non-fungible token (NFT) becomes a sports platform and the other indicates that the launch will have to do with the Web3 sector. If you would like to attend the opening live, you can register via this page register.
Unfortunately, this ad of an ad has done little to nothing with the price. Although the news will be ‘Huge’ in his own words, the price has only gone down. Of course, this could change as soon as more is known about the new product. In any case, we will continue to monitor developments!
MATIC technical analysis
Unfortunately for MATIC, it is not yet clear which way we will go. Here it looks like we will see a brief upward move first. This is in line with the slightly more positive sentiment that we are seeing in the market at the moment.
However, this will not be for long. If the short rise doesn’t go too high, we expect a sharp drop. It’s still too early to tell, but a new dip may be coming. We will of course keep you updated on future developments within the Discord environment. All associated price levels and full analysis are also shared here.
What are the expectations for MATIC?
There are still some exciting things to come for MATIC. For example, they are busy developing Polygon Miden and Polygon Hermez. Here the testnet is expected in the second or third quarter. So there’s still a lot to come for Polygon!
Whether the above developments will have a greater impact on the price depends on a host of factors that differ on a daily basis. The cryptocurrency market is highly subject to economic events and traditional stock markets. This sometimes makes it difficult to determine the right time to invest in a particular project.
Buy or sell MATIC?
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Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and advice provided on this website is based on the knowledge and experience of our own analysts and is for educational purposes only.