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Polygon ( MATIC ), one of the most popular layer-2 scaling solutions for Ethereum, has caught the eye of crypto analysts and investors alike recently. Analyst Crypto Rover tweeted Thursday that he believes a “big breakout is looming” for the token based on technical factors. However, with prices hovering around $0.78 currently, what could a breakout entail for MATIC this weekend? Crypto Rover pointed to MATIC’s ascendant chart patterns in calling his shot on an impending major price movement. He also revealed the asset comprises his fourth-largest crypto holding based on conviction in its outlook. Also read: Why Chainlink (LINK) Is Gearing Up For $25-30 Breakout In Coming Months? Source: Medium After rallying to all-time highs above $2.90 last December before plunging lower in 2023, MATIC has stabilized around the $0.80-$0.90 range so far this year. However, based on optimistic sentiment from analysts like Crypto Rover combined with easing broade...

Polygon  is a decentralized scaling mechanism that Ethereum developers may use when creating dApps. Polygon offers a faster network and more security at a reasonable rate. The 2017 initiative project has emerged as one of the most intriguing and profitable in business. MATIC was its previous name until April 2021, when it changed to Polygon . MATIC is the native token of the Polygon network. Polygon has recently breached the price level of $0.80. According to recent data, MATIC has surged by over 3% in the last 24 hours. Alongside the whole cryptocurrency market, Polygon is also trading in green. With the New Year almost here, here is our price prediction for MATIC this New Year. Also read: How Much XRP Do You Need to Become a Millionaire if Price Hits $1? Source: Medium MATIC price prediction for New Year Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Polygon’s MATIC can shoot up in price t...

Polygon ( MATIC ) is currently the second biggest daily gainer among the top 100 crypto projects. The token has surged by 7.8% in the last 24 hours and by 4.7% in the weekly charts. Furthermore, the project is getting very close to overtaking Tron (TRX) in terms of its market cap. According to crypto analysis firm Santiment, MATIC is experiencing a rebound in its network growth. After the U.S. SEC’s lawsuits against Binance and Coinbase in early June, network growth for Polygon took a massive hit. However, it has been slowly climbing back up over the past 30 days. The analytics platform also noted that there is a decreasing supply of tokens on exchanges. This is also a positive development for bulls as it leads to less sell pressure on the market. Apart from that, Polygon is also seeing an increase in daily addresses, complementing the positive network growth. Also Read: Polygon Rallies 9.2% After Appointing New CEO 📈 $ MATIC is on a mini run today, with...

Until recently, institutions seemed to be washing their hands off crypto. As reported in several recent articles, flows were either negative or slightly positive, representing the “tepid investor appetite.” However now, looks like the trend has already changed. According to CoinShares’ latest weekly report, crypto-related investment products saw their largest inflows for 14 weeks, totaling $42 million. Per the report, “ The inflows began later in the week on the back of extreme price weakness prompted by the FTX/Alameda collapse. It suggests that investors see this price weakness as an opportunity, differentiating between “trusted” third parties and an inherently trustless system. “ As illustrated below, Bitcoin led the show and registered positive flows summing up to $19 million—the largest since early August this year. Alongside, alts have also started seeing renewed interest. Polygon ’s native token MATIC , for instance, managed to garner i...

The collapse of the prominent crypto exchange FTX took a toll on the entire market. Several assets dropped down to their yearly lows. In addition to this, withdrawal s for all assets on FTX as well as FTX .US were suspended. Therefore, FTX users not only had to deal with the volatile market but also fear losing funds. On a brighter note, FTX ’s US wing affirmed that withdrawal s for Ethereum [ ETH ] and Polygon [ MATIC ] would be made available soon. MATIC holders, however, were required to cancel any withdrawals that were pending. Following this, they would have to put out a fresh withdrawal request as ERC20 MATIC. FTX US withdrawals: ETH withdrawals will resume shortly, our apologies on the delay Matic – if you would like to withdraw Matic please cancel your withdrawal and request it as erc20 Matic — FTX (@FTX_Official) November 11, 2022 The latest news comes after the FTX.US website suggested that trading “may be halted” in a couple of...