{"id":497650,"date":"2022-08-04T15:25:57","date_gmt":"2022-08-04T15:25:57","guid":{"rendered":"https:\/\/wncen.com\/?p=497650"},"modified":"2022-08-04T13:40:29","modified_gmt":"2022-08-04T13:40:29","slug":"polygon-could-jack-up-matic-to-1-5","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polygon-could-jack-up-matic-to-1-5\/","title":{"rendered":"Polygon, In Steady Bullish Trend, Could Jack Up MATIC To $1.5"},"content":{"rendered":"

Polygon (MATIC) price has registered an intense bullish stride seen the past couple of weeks. The coin\u2019s upcoming merge with Ethereum seems to have triggered the rebound.<\/span><\/p>\n

MATIC price is hugely bullish ramming to a high of $0.9075, which is a little under July\u2019s ATH seen at $1.01. MATIC has spiked by more than 190% compared to the lowest level figure registered in July which hauls its total market capitalization to a little above $6.7 billion.<\/span><\/p>\n

Related Reading: Meme Coin CateCoin Silently Balloons Over 250% \u2013 Time To Buy CATE?<\/a><\/div>\n

Polygon Making Solid Ties<\/b><\/h2>\n

Polygon is a revolutionary layer-2 cryptocurrency scaling solution with an aim to amplify applications built in the Ethereum network. Polygon is able to scale a plethora of applications by processing the transactions outside of Ethereum network.<\/span><\/p>\n

It is said to process 65,000 transactions per second and boasts of low transaction fees. Popular DeFi tokens built on Polygon\u2019s ecosystem include SushiSwap, Uniswap, Curve, and Aave.<\/span><\/p>\n

Polygon has also closed partnerships will Walt Disney for its 2022 Disney Accelerator Program, Disney for exploring AI, AR, and NFTs, and also most recently with Reddit with their upcoming launch of Collectibles Avatar NFT marketplace. More so, they also had partnerships with Stripe and Twitter.<\/span><\/p>\n

Around 48 Terra projects also migrated to Polygon following its dismal implosion including Derby Stars and OnePlanet.<\/span><\/p>\n

MATIC has registered a TVL amounting to $1.85 billion which is comparatively lower from its ATH of over $6 billion.<\/span><\/p>\n

\"\"<\/p>\n

 Source: TradingView.com<\/a><\/pre>\n
MATIC\u2019s 4-Hour Chart Shows A Bull Run\u00a0\u00a0<\/b><\/h2>\n
MATIC\u2019s four-hour chart clearly shows that the price is going for a bull run in the past couple of weeks which carved into an ascending channel pattern in green. Currently, MATIC price is seen to surge above both the 25-day as well as the 50-day moving average with the RSI shifting above the neutral zone.<\/span><\/p>\n
With that in mind, MATIC is seen to rise as the bulls are eyeing the next key resistance at $1.50; inching below the support zone of $0.8500 will debunk the bullish standpoint.<\/span><\/p>\n
Polygon price has surged aggressively in the past couple of weeks following the announcement of a merge with Ethereum which is said to happen in September.<\/span><\/p>\n
Analysts are confident that majority of developers will choose to stay on Ethereum which is proven to be incredibly faster compared to other networks.<\/span><\/p>\n
Following its recent rally, Polygon is now dubbed as the 13<\/span>th<\/span> largest crypto in terms of market cap with a value tagged at $7 billion, outpacing Shiba Inu and Avalanche.<\/span><\/p>\n
Related Reading: Polkadot Loses Steam As DOT Sheds 10% After Weekly Gains<\/a><\/div>\n
 <\/span><\/p>\n
Crypto total market cap at $1.04 trillion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Cryptopolitan, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Polygon (MATIC) price has registered an intense bullish stride seen the past couple of weeks. The coin\u2019s upcoming merge with Ethereum seems to have triggered the rebound. MATIC price is hugely bullish ramming to a high of $0.9075, which is a little under July\u2019s ATH seen at $1.01. MATIC has spiked by more than 190% compared to the lowest level figure registered in July which hauls its total market capitalization to a little above $6.7 billion. Polygon Making Solid Ties Polygon is a revolutionary layer-2 cryptocurrency scaling solution with an aim to amplify applications built in the Ethereum network. Polygon is able to scale a plethora of applications by processing the transactions outside of Ethereum network. It is said to process 65,000 transactions per second and boasts of low transaction fees. Popular DeFi tokens built on Polygon\u2019s ecosystem include SushiSwap, Uniswap, Curve, and Aave. Polygon has also closed partnerships will Walt Disney for its 2022 Disney Accelerator Program, Disney for exploring AI, AR, and NFTs, and also most recently with Reddit with their upcoming launch of Collectibles Avatar NFT marketplace. More so, they also had partnerships with Stripe and Twitter. Around 48 Terra projects also migrated to Polygon following its dismal implosion including Derby Stars and OnePlanet. MATIC has registered a TVL amounting to $1.85 billion which is comparatively lower from its ATH of over $6 billion. Source: TradingView.com MATIC\u2019s 4-Hour Chart Shows A Bull Run\u00a0\u00a0 MATIC\u2019s four-hour chart clearly shows that the price is going for a bull run in the past couple of weeks which carved into an ascending channel pattern in green. Currently, MATIC price is seen to surge above both the 25-day as well as the 50-day moving average with the RSI shifting above the neutral zone. With that in mind, MATIC is seen to rise as the bulls are eyeing the next key resistance at $1.50; inching below the support zone of $0.8500 will debunk the bullish standpoint. Polygon price has surged aggressively in the past couple of weeks following the announcement of a merge with Ethereum which is said to happen in September. Analysts are confident that majority of developers will choose to stay on Ethereum which is proven to be incredibly faster compared to other networks. Following its recent rally, Polygon is now dubbed as the 13th largest crypto in terms of market cap with a value tagged at $7 billion, outpacing Shiba Inu and Avalanche. Crypto total market cap at $1.04 trillion on the daily chart | Source: TradingView.com Featured image from Cryptopolitan, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,86487],"tags":[1144,65296,8686,40670,86442,83584],"class_list":["post-497650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-matic","tag-btcusd","tag-ethbtc","tag-ethusd","tag-matic","tag-matic-price","tag-polygon"],"acf":[],"yoast_head":"\nPolygon, In Steady Bullish Trend, Could Jack Up MATIC To $1.5<\/title>\n<meta name=\"description\" content=\"Polygon (MATIC) price has registered an intense bullish stride seen the past couple of weeks. 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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":"Polygon, In Steady Bullish Trend, Could Jack Up MATIC To $1.5","url":"http:\/\/wncen.com\/news\/polygon-could-jack-up-matic-to-1-5\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/polygon-could-jack-up-matic-to-1-5\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Polygon-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Polygon-1.png?fit=841%2C420"},"articleSection":"MATIC","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":["btcusd","ethbtc","ethusd","matic","matic price","polygon"],"dateCreated":"2022-08-04T15:25:57Z","datePublished":"2022-08-04T15:25:57Z","dateModified":"2022-08-04T15:25:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polygon, In Steady Bullish Trend, Could Jack Up MATIC To $1.5\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/polygon-could-jack-up-matic-to-1-5\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/polygon-could-jack-up-matic-to-1-5\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Polygon-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Polygon-1.png?fit=841%2C420\"},\"articleSection\":\"MATIC\",\"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\":[\"btcusd\",\"ethbtc\",\"ethusd\",\"matic\",\"matic price\",\"polygon\"],\"dateCreated\":\"2022-08-04T15:25:57Z\",\"datePublished\":\"2022-08-04T15:25:57Z\",\"dateModified\":\"2022-08-04T15:25:57Z\"}<\/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\/08\/Polygon-1.png?fit=841%2C420","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/497650","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\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=497650"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/497650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/497658"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=497650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=497650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=497650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}