Will this news lead to an increase? »Crypto-insiders

In the premium environment of Crypto Insiders, current technical analysis is shared daily by experienced analysts. Polygon (MATIC) has been discussed here regularly in recent times. In this section, we look back at this technical analyzes and we map the latest developments and expectations for the coming period. If you still have questions after reading this article, you can easily ask them in our Discord community, here our technical analyzes are usually shared with our members 48 hours earlier.

MATIC has fallen around 4% over the last 24 hours. Over the past seven days, however, it has gotten a little better. During this period, the share price rose by about 2%. Volume over the last 24 hours has decreased by 11%. MATIC is ranked number 17 by market value at the time of writing.

What is polygon (MATIC)?

Polygon says it wants to be the solution to the many problems that Ethereum (ETH) users are experiencing. These are, for example, the problems that everyone knows about, including high transaction costs and low transaction throughput. What Polygon is trying to achieve is to provide a user-friendly platform for Ethereum scaling and infrastructure development. In other words, the goal of MATIC is that Ethereum will be in one multi chainsystem changes, also known as Internet or Blockchains named.

Latest News Polygon (MATIC)

An interesting event around Polygon is this message which the team shared on Twitter. It’s called Polygon ‘soon‘will come out with a new product. The team later added that it “huge‘ will be. It is not yet clear what the new product is. In the reactions on Twitter, there is speculation in various possibilities. It is said that it can be one non-fungible token (NFT) will be a sports platform and the other indicates that the launch will have to do with the Web3 sector. If you want to participate in the unveiling live, you can sign up via this side Sign up.

Unfortunately, this announcement of a message has not done much for nothing with the price. Despite the news becoming ‘Huge’ in their own words, the price has only fallen. This can of course change as soon as you know more about the new product. In any case, we will continue to follow developments!

Technical analysis MATIC

Unfortunately for MATIC, it is still uncertain which way we will go. Here it seems that we will first see a short upward movement. This is in line with the slightly more positive mood we are seeing in the market at the moment.

However, this will not last long. Should the short rise not go too far up, we expect a sharp fall. It’s too early to say yet, but a further dive may be on the way. We will of course keep you informed of further developments within the Discord environment. All associated price levels and the full analysis are also shared here.

image 1: The above MATIC analysis was shared in our Discord area for members on May 17, 2022.

What are the expectations for MATIC?

There are still some interesting things waiting for MATIC. For example, they are busy developing Polygon Miden and Polygon Hermez. Here, the test network is expected in the second or third quarter. So there is still plenty to catch up on for Polygon!

Whether the above development will have an additional impact on the price depends on a large number of factors that differ daily. The crypto market and heavily subject to economic events and traditional stock markets. This sometimes makes it difficult to determine the right time to invest in a particular project.

Buy or sell MATIC?

Would you like to see this kind of price analysis of crypto earlier? Then we would like to refer you to our Discord community for members. Here, experienced analysts and traders discuss their own trading plans on a daily basis. We also regularly share additional price analyzes and updates of projects that we have discussed earlier in this section. Through Discord, we can share knowledge with each other 24/7, and we try to be at the forefront of the market with our members.

Disclaimer: Investment involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips on this website are based on our analysts’ own insights and experiences and are for educational purposes only.

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