{"id":504508,"date":"2022-10-01T17:10:00","date_gmt":"2022-10-01T17:10:00","guid":{"rendered":"https:\/\/wncen.com\/?p=504508"},"modified":"2022-10-01T13:04:22","modified_gmt":"2022-10-01T13:04:22","slug":"crypto-community-predicts-matic-to-rise-20","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-community-predicts-matic-to-rise-20\/","title":{"rendered":"Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31"},"content":{"rendered":"

Members of the crypto community have cast their ballots, so to speak,\u00a0and now we’ll find out whether or not their forecast was accurate.<\/p>\n

The consensus of the cryptocurrency market predicts a 20% increase in MATIC prices before the month ends, as reported by CoinMarketCap’s price prediction metrics.<\/p>\n

This fairly optimistic forecast from the community suggests a high level of faith in both the token and the ecosystem.<\/p>\n

Good news has recently hit the Polygon community thanks to a tweet from the official Polygon Twitter account announcing a new collaboration\u00a0with the trading platform Robinhood.<\/p>\n

Related Reading: Shiba Inu Fanbase Awaits Eternity Download Event \u2013 Will It Boost SHIB Price?<\/a><\/div>\n

Will Robinhood Team-Up Bring Good Results?<\/strong><\/h2>\n

The tweet suggests that Robinhood has teamed up with Polygon to offer a bitcoin wallet service. FThe Robinhood Wallet app is built with DeFi in mind.<\/p>\n

According to Polygon’s blog post, the Robinhood Wallet is a self-custody wallet, meaning that its owner has complete discretion over their cryptocurrency holdings.<\/p>\n

Robinhood has made other forays into the cryptocurrency market, so this isn’t their first venture.<\/p>\n

From its inception in 2018, it has been actively involved in the crypto industry, with Bitcoin and Ethereum being the first coins to be freely traded on the platform at no cost to traders. The change began in a select number of states.<\/p>\n

By 2021, the trade of crypto assets has expanded across the whole United States, with the exception of Hawaii and Nevada.<\/p>\n

The trading platform supports 11\u00a0cryptocurrencies, including Bitcoin and Ethereum. It also facilitates the trading of alternative cryptocurrencies, similar to Polygon’s MATIC token.<\/p>\n

With over 37,000 decentralized applications available on Polygon’s platform, it will undoubtedly aid Robinhood’s most ambitious cryptocurrency endeavor. But how did investors and traders of Polygon respond to the news?<\/p>\n

Rally In The Offing For Crypto?<\/strong><\/h2>\n

As of this writing, MATIC is trading at $<\/a>$0.778741, down 0.1 percent in the last seven days, data from Coingecko show, Saturday.<\/span><\/span><\/p>\n

Currently, the token trades between the 50 Fib level ($0.6876) and the 61.80 Fib level ($0.7761).<\/p>\n

The present support line lies at $0.7252, which is essential because this will be the support line the bulls can rely on if things go south.<\/p>\n

If the price reaches the 61.80 Fib level again, we can expect a slight correction if there is sufficient buy demand.<\/p>\n

Investor confidence is high as Polygon presses forward with its Robinhood relationship, given the community projection of a near 20% price increase.<\/p>\n

Related Reading: Uniswap Could Slide Below Support Zone \u2013 No Demand For UNI This Week?<\/a><\/div>\n
MATIC total market cap at $6.8 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from VOI, Chart: TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Members of the crypto community have cast their ballots, so to speak,\u00a0and now we’ll find out whether or not their forecast was accurate. The consensus of the cryptocurrency market predicts a 20% increase in MATIC prices before the month ends, as reported by CoinMarketCap’s price prediction metrics. This fairly optimistic forecast from the community suggests a high level of faith in both the token and the ecosystem. Good news has recently hit the Polygon community thanks to a tweet from the official Polygon Twitter account announcing a new collaboration\u00a0with the trading platform Robinhood. Related Reading: Shiba Inu Fanbase Awaits Eternity Download Event \u2013 Will It Boost SHIB Price? Will Robinhood Team-Up Bring Good Results? The tweet suggests that Robinhood has teamed up with Polygon to offer a bitcoin wallet service. FThe Robinhood Wallet app is built with DeFi in mind. According to Polygon’s blog post, the Robinhood Wallet is a self-custody wallet, meaning that its owner has complete discretion over their cryptocurrency holdings. Robinhood has made other forays into the cryptocurrency market, so this isn’t their first venture. From its inception in 2018, it has been actively involved in the crypto industry, with Bitcoin and Ethereum being the first coins to be freely traded on the platform at no cost to traders. The change began in a select number of states. By 2021, the trade of crypto assets has expanded across the whole United States, with the exception of Hawaii and Nevada. The trading platform supports 11\u00a0cryptocurrencies, including Bitcoin and Ethereum. It also facilitates the trading of alternative cryptocurrencies, similar to Polygon’s MATIC token. With over 37,000 decentralized applications available on Polygon’s platform, it will undoubtedly aid Robinhood’s most ambitious cryptocurrency endeavor. But how did investors and traders of Polygon respond to the news? Rally In The Offing For Crypto? As of this writing, MATIC is trading at $$0.778741, down 0.1 percent in the last seven days, data from Coingecko show, Saturday. Currently, the token trades between the 50 Fib level ($0.6876) and the 61.80 Fib level ($0.7761). The present support line lies at $0.7252, which is essential because this will be the support line the bulls can rely on if things go south. If the price reaches the 61.80 Fib level again, we can expect a slight correction if there is sufficient buy demand. Investor confidence is high as Polygon presses forward with its Robinhood relationship, given the community projection of a near 20% price increase. Related Reading: Uniswap Could Slide Below Support Zone \u2013 No Demand For UNI This Week? MATIC total market cap at $6.8 billion on the daily chart | Source: TradingView.com Featured image from VOI, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":504513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,14690,1558,40670,83584,12380],"class_list":["post-504508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto-news","tag-cryptocurrency","tag-matic","tag-polygon","tag-robinhood"],"acf":[],"yoast_head":"\nCrypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31<\/title>\n<meta name=\"description\" content=\"Members of the crypto community have cast their ballots, so to speak,\u00a0and now we'll find out whether or not their forecast was accurate. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31","url":"http:\/\/wncen.com\/news\/crypto-community-predicts-matic-to-rise-20\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-community-predicts-matic-to-rise-20\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Crypto.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Crypto.png?fit=1107%2C623"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","crypto news","cryptocurrency","matic","polygon","robinhood"],"dateCreated":"2022-10-01T17:10:00Z","datePublished":"2022-10-01T17:10:00Z","dateModified":"2022-10-01T17:10:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-community-predicts-matic-to-rise-20\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-community-predicts-matic-to-rise-20\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Crypto.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Crypto.png?fit=1107%2C623\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"crypto news\",\"cryptocurrency\",\"matic\",\"polygon\",\"robinhood\"],\"dateCreated\":\"2022-10-01T17:10:00Z\",\"datePublished\":\"2022-10-01T17:10:00Z\",\"dateModified\":\"2022-10-01T17:10:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Crypto.png?fit=1107%2C623","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/504508"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=504508"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/504508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/504513"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=504508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=504508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=504508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}