Polygon (previously Matic Network) is the first user-friendly, well-structured Ethereum scaling and infrastructure building platform. It can be used to create Optimistic Rollup chains, ZK Rollup chains, etc.

Polygon successfully converts Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is similar to others such as Polkadot, Cosmos, Avalanche, and others, but it benefits from Ethereum’s security, vibrant ecosystem, and openness. The existing ecosystem based on the Plasma-POS chain will remain unchanged. It is expanding its ability to cater to diverse needs from the developer ecosystem. It will continue to improve the core technology in order for it to scale to a larger ecosystem. The MATIC token will remain indefinitely and will play an increasingly vital role in the system’s security and governance. Let us review the MATIC price

MATIC Price Prediction


Bullish Scenario: On a smaller time frame, such as the 4hour(4H), MATIC has broken the bearish downtrend line and is now trading above the $1.33 support zone. If it remains above this zone and the $1.56 resistance level is broken, we may see a move towards $1.75, $1.91, $2.09, and higher.

Bearish Scenario: MATIC has been in a downtrend channel for a few weeks now, and we are not out of the woods yet to have a strong bullish bias. MATIC is still in a downtrend on longer time frames such as daily, weekly, and monthly. Failure to hold the support at $1.33 and a break below $1.14 could result in a drop to $1, $0.79, and even lower.

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Images courtesy of TradingView.


The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate. However there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.



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