Matic Network Now ‘Polygon’ as Platform Targets Ethereum’s L2 Woes

Polygon (MATIC) has seen an explosion on the daily chart with a 40.4% rally trading at $0,74. In the weekly and monthly chart, MATIC’s numbers are equally impressive with a 118% and 114% bull-run. Most of the profits seem to have been recording over the past three months. Previously knows as Matic Network, the project […]

The Polygon (MATIC) has had an impressive bull run seen in the last couple of days. The coin is treading above the EMA red lines as seen on the daily price chart. On the other hand, MATIC’s trading volume has plunged by as much as 42% or $1.1 billion overnight.   MATIC price went for a bull run right after it breached the symmetrical triangle pattern spotted on the upside. As it turns out, $1.0 had been a critical level to break for a long time which was a tough challenge for MATIC. MATIC/USDT Currently At $0.93 MATIC/USDT pair is currently trading at $0.93. Bears are having a hard time....

Matic has just announced that Tether is now available on their network. The Matic team tweeted that this would help Ethereum immensely by diverting activity away from the mainchain. 1/ The industry’s leading stablecoin, Tether (USDT), is now available on Matic Network Layer2 to overcome Ethereum’s performance constraints!🚀$USDT is the industry’s most popular stablecoin, with […]

According to CoinMarketCap, the Polygon (MATIC) value was increased by nearly 27% to $0.55 within 24 hours after Polygon’s news of being carbon neutral. However, the coin is still on an upward trend, and as of the time of writing, it was trading at $0.60.  The price is still below what it was at the beginning of the month when it was trading at $0.66, but considering the market downturn, MATIC’s price gain is sending out a positive vibe. It ranks as the 18th largest cryptocurrency worldwide. Related Reading | Bitcoin May Have Hit Bottom According to These Indicators, BTC....

MATIC price started a major increase from the $0.840 support zone. Polygon buyers pumped the price above $1.20 and there could be more upsides. MATIC price rallied above the $1.00 and $1.20 resistance levels against the US dollar. The price is trading well above $1.00 and the 100 simple moving average (4-hours). There is a key contracting triangle forming with resistance at $1.22 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise and might soon revisit the $1.50 resistance zone. Polygon’s MATIC Price Rallies Steadily After forming a base....