{"id":559708,"date":"2023-11-08T13:00:09","date_gmt":"2023-11-08T13:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=559708"},"modified":"2023-11-08T11:22:51","modified_gmt":"2023-11-08T11:22:51","slug":"matic-propels-over-0-75-is-1-possible","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/matic\/matic-propels-over-0-75-is-1-possible\/","title":{"rendered":"MATIC Propels Over $0.75, Is $1 Possible?"},"content":{"rendered":"

Amid the bullish trend circling the cryptocurrency market due to the recently concluded Uptober rally, <\/span>Polygon’s native crypto MATIC<\/span><\/a> has recently gained traction recording a 50% increase in price surge in the last 20 days.<\/span><\/p>\n

MATIC Experiences Price Growth<\/span><\/h2>\n

The recently concluded <\/span>Uptober<\/span><\/a> (October) which is believed to be a month of green (gains) saw some cryptocurrencies performing significantly great. Many altcoins experienced price surges during the past month, and one of the notable altcoins that benefited from this is MATIC.<\/span><\/p>\n

The crypto asset recently went past the crucial $0.75 mark sparking momentum toward reaching the significant $1 mark. However, if the token is fortunate enough to sustain its current pace, it might reach the $1 mark by the end of 2023.<\/span><\/p>\n

Related Reading: Polygon\u2019s POL Upgrade Live On Ethereum Mainnet, MATIC To $1?<\/a><\/div>\n

MATIC reaching the coveted $1 mark is expected to happen if the token manages to surpass $0.85 in November. Meanwhile, a reverse below $0.75 will bring the MATIC price down to $0.55, if buyers are unable to maintain their lead at $0.60.<\/span><\/p>\n

MATIC’s<\/span><\/a>\u00a0Exponential Moving Averages (EMAs) have also experienced a significant breakout over the recent weeks. The price of MATIC experienced a price surpassing the crucial $0.75 barrier after the crypto’s 200-day EMA breakout.\u00a0<\/span><\/p>\n

\"MATIC\"
MATIC is currently trading at $0.77 | Source: MATICUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

MATIC surpassing a 200-day EMA puts it on its way to potentially reaching the $1 mark by the end of the year. This is because, in the Polygon chart, a golden crossover opportunity appears when the 50-day and 200-day EMAs are crossed above.<\/span><\/p>\n

While the 50-day EMA’s upward trend suggests that a golden crossover could take place, the bull run cutting across the 200-day EMA may also suggest a reversal movement. However, the crypto asset has managed to sustain its upward trajectory since it surpassed the 200-day EMA.<\/span><\/p>\n

Significance Of The Crypto’s Market<\/span><\/h2>\n

Currently, the token’s price is sitting at $0.77, indicating an 8% daily increase in price with a 24-hour trading volume of $489,605,430. The token market is standing robust, ranking 13 in the cryptocurrency market with a market cap of $7 billion.<\/span><\/p>\n

MATIC has a significant market presence and a circulating supply of 9.24 billion MATIC, which buttresses its long-term technical score and puts it above 48% of all cryptocurrencies in service.<\/span><\/p>\n

Related Reading: MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges<\/a><\/p>\n

One significant aspect of the surge in <\/span>MATIC’s price<\/span><\/a> is that the token experienced a 33% year-to-date (YTD) decline in September. Consequently, the crypto recovered from this within a month.<\/span><\/p>\n

In addition, the token’s strong bullish candles and <\/span>rising volumes<\/span><\/a> hint at a continuation of an upward trajectory. As a result of this, buyers have a good chance of maintaining their lead at the current price of MATIC.<\/span><\/p>\n

So far, MATIC has experienced a 50% increase in the last 20 days, putting it in a profitable position following the 33% year-to-date decline in September. With the current bullish continuation, the token presents more profits in the future.<\/span><\/p>\n

Featured image from iStock, chart by Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Amid the bullish trend circling the cryptocurrency market due to the recently concluded Uptober rally, Polygon’s native crypto MATIC has recently gained traction recording a 50% increase in price surge in the last 20 days. MATIC Experiences Price Growth The recently concluded Uptober (October) which is believed to be a month of green (gains) saw some cryptocurrencies performing significantly great. Many altcoins experienced price surges during the past month, and one of the notable altcoins that benefited from this is MATIC. The crypto asset recently went past the crucial $0.75 mark sparking momentum toward reaching the significant $1 mark. However, if the token is fortunate enough to sustain its current pace, it might reach the $1 mark by the end of 2023. Related Reading: Polygon\u2019s POL Upgrade Live On Ethereum Mainnet, MATIC To $1? MATIC reaching the coveted $1 mark is expected to happen if the token manages to surpass $0.85 in November. Meanwhile, a reverse below $0.75 will bring the MATIC price down to $0.55, if buyers are unable to maintain their lead at $0.60. MATIC’s\u00a0Exponential Moving Averages (EMAs) have also experienced a significant breakout over the recent weeks. The price of MATIC experienced a price surpassing the crucial $0.75 barrier after the crypto’s 200-day EMA breakout.\u00a0 MATIC surpassing a 200-day EMA puts it on its way to potentially reaching the $1 mark by the end of the year. This is because, in the Polygon chart, a golden crossover opportunity appears when the 50-day and 200-day EMAs are crossed above. While the 50-day EMA’s upward trend suggests that a golden crossover could take place, the bull run cutting across the 200-day EMA may also suggest a reversal movement. However, the crypto asset has managed to sustain its upward trajectory since it surpassed the 200-day EMA. Significance Of The Crypto’s Market Currently, the token’s price is sitting at $0.77, indicating an 8% daily increase in price with a 24-hour trading volume of $489,605,430. The token market is standing robust, ranking 13 in the cryptocurrency market with a market cap of $7 billion. MATIC has a significant market presence and a circulating supply of 9.24 billion MATIC, which buttresses its long-term technical score and puts it above 48% of all cryptocurrencies in service. Related Reading: MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges One significant aspect of the surge in MATIC’s price is that the token experienced a 33% year-to-date (YTD) decline in September. Consequently, the crypto recovered from this within a month. In addition, the token’s strong bullish candles and rising volumes hint at a continuation of an upward trajectory. As a result of this, buyers have a good chance of maintaining their lead at the current price of MATIC. So far, MATIC has experienced a 50% increase in the last 20 days, putting it in a profitable position following the 33% year-to-date decline in September. With the current bullish continuation, the token presents more profits in the future. Featured image from iStock, chart by Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":559726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86487],"tags":[10995,33242,40670,76656,79614,83584,89910],"class_list":["post-559708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matic","tag-coinmarketcap","tag-ema","tag-matic","tag-maticusd","tag-maticusdt","tag-polygon","tag-ytd"],"acf":[],"yoast_head":"\nMATIC Propels Over $0.75, Is $1 Possible?<\/title>\n<meta name=\"description\" content=\"The Polygon coin MATIC has recently gained traction recording a 50% increase in price surge in the last 20 days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MATIC Propels Over $0.75, Is $1 Possible?","url":"http:\/\/wncen.com\/news\/matic\/matic-propels-over-0-75-is-1-possible\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/matic\/matic-propels-over-0-75-is-1-possible\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/iStock-926051128-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/iStock-926051128-1.jpg?fit=1241%2C844"},"articleSection":"MATIC","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["coinmarketcap","ema","matic","maticusd","maticusdt","polygon","ytd"],"dateCreated":"2023-11-08T13:00:09Z","datePublished":"2023-11-08T13:00:09Z","dateModified":"2023-11-08T13:00:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MATIC Propels Over $0.75, Is $1 Possible?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic\\\/matic-propels-over-0-75-is-1-possible\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic\\\/matic-propels-over-0-75-is-1-possible\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/iStock-926051128-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/iStock-926051128-1.jpg?fit=1241%2C844\"},\"articleSection\":\"MATIC\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"coinmarketcap\",\"ema\",\"matic\",\"maticusd\",\"maticusdt\",\"polygon\",\"ytd\"],\"dateCreated\":\"2023-11-08T13:00:09Z\",\"datePublished\":\"2023-11-08T13:00:09Z\",\"dateModified\":\"2023-11-08T13:00:09Z\"}<\/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\/2023\/11\/iStock-926051128-1.jpg?fit=1241%2C844","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/559708","targetHints":{"allow":["GET"]}}],"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\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=559708"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/559708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/559726"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=559708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=559708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=559708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}