3 reasons why Polygon (MATIC) is up 100%+ during a bear market
Steady adoption and internal growth back MATIC’s 118% gain, even as most altcoins struggle to hold on to their short-term gains. Unlike bull markets where traders can basically throw a dart at a list of coins to pick one that will go up, bear markets require much more effort to find projects that could perform well over the long-run.One project that has continued to show signs of mainstream adoption despite the onset of a crypto winter is Polygon (MATIC), a layer-two scaling solution for the Ethereum (ETH) network that is looking to build a sustainable Web3 infrastructure on the top smart....
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MATIC’s price shows strength as price breaks bounced off from $0.76 with good volume with eyes set to reclaim $1. MATIC breaks out of a downtrend as the price resumes a bullish structure. The price of MATIC continues to trade above the 50 Exponential Moving Average (EMA) on the daily timeframe. The price of Polygon (MATIC) has remained strong despite the market uncertainties that have affected the price of many altcoins in recent weeks. Polygon (MATIC) has held strong, defending its support as the price is set for a major rally. The price of Bitcoin (BTC) showed strength bouncing....
MATIC, the native cryptocurrency of Polygon, rose by over 35% in the past week due to three reasons. Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap.There are several big reasons behind the strong uptrend of MATIC, including the growing hype around Polygon, Google BigQuery announcement, and Mark Cuban's investment.MATIC 1-day candle chart (Binance). Source: TradingView.comGrowing sentiment and hype around PolygonOn Feb. 9, Matic first announced its plans to rebrand to Polygon. At the....
Polygon raced to a three-week high during today’s session, as bullish sentiment returned to cryptocurrency markets. Chainlink was also in the green, as the token surged for a second straight day, rising by almost 10% in the process. Overall, the global crypto market cap is up 3.06% as of writing. Polygon (MATIC) Polygon (MATIC) was one of Tuesday’s big movers, as the token climbed to a three-week high following yesterday’s false breakout. MATIC/USD started the weekend trading at a low of $0.7548, which was marginally below its floor of $0.7690. However, as bullish....
MATIC, the native token of the Polygon network, has had perhaps one of the most disappointing runs of the top cryptocurrencies in the last year. While most of the market rallied to new yearly highs, the MATIC price continued to struggle, leaving investors in massive losses. However, there may be light at the end of […]
Polygon was up by nearly 20% to start the week, as the token rallied to its highest level since May. Today’s surge comes as crypto markets were mostly in the green, with avalanche also hitting multi-week highs, and as of writing, is up by over 10% on the day.
Polygon (MATIC)
Polygon (MATIC) was one of the most notable gainers in crypto markets on Monday, as prices rose by nearly 20%.
Following a low of $0.7464 on Sunday, MATIC/USD raced to an intraday high of $0.9269 to start the week.
This is the highest level the token has traded at since May 9,....