A Quick Update For MATIC/USDT Analysis
Updated
WHAT'S HAPPEND FOR MATIC NETWORK ?
❇️Polygon (MATIC) jumps ahead as the race for Layer-2 adoption picks up
One project that has seen a steady rise in user activity and transactions over the past 2 months is Polygon (MATIC), a platform for Ethereum scaling and infrastructure development.
Recently layer 1 solutions like the Solana (SOL) and Cosmos (ATOM) have grown in prominence thanks to each network's faster transaction times and lower fees when compared to the Ethereum network. An even greater focus has fallen on layer 2 solutions that can help Ethereum keep up with the competition as it continues its process of switching to proof-of-stake.
✅Popular projects migrate to Polygon
Polygon, the top #ethereum layer 2 is going nuts!
Integrations with Aave, Pooltogether, Sushiswap, Open Sea, Curve Finance, Decentraland, and loads of other big #defi applications.
Since the rebrand, multiple decentralized finance (DeFi) and nonfungible token-related projects have made the decision to integrate with Polygon to take advantage of its fast, low fee environment.
Some of the more significant DeFi integrations include the decentralized exchange SushiSwap (SUSHI) and Curve Finance (CRV), while OpenSea, Decentraland (MANA) and Aavegotchi (GHST) are large NFT communities that now utilize the Polygon network.
✅DEX volume increases
While SushiSwap is one protocol that has made integrations with the Polygon network along with numerous other blockchains, the QuickSwap DEX is a project that is solely focused on increasing available liquidity for the Polygon ecosystem.
30 Jun 2021 (or earlier)
❇️UPCOMING EVENT (30 Jun 2021 (or earlier )):
PHNX on MATIC
"We are launching
PHNX and the Events Marketplace on their [Polygon] PoS chain and are aiming to do this early Q2."
-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for MATIC/USDT, the price is trading at around $0.5
According to the forecast, it has been able to grow a lot and surprise us!
Will it stop growing or continue?
I think according to the positive news, it can continue its upward trend, but note that the risk has increased, so it has grown a lot. So you have to enter the position with caution
If it is fixed above the middle of the channel, it can register a new ATH and reach the targets, and in another scenario, if it can not maintain IT , the green support range can host it .
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you agree
❇️Polygon (MATIC) jumps ahead as the race for Layer-2 adoption picks up
One project that has seen a steady rise in user activity and transactions over the past 2 months is Polygon (MATIC), a platform for Ethereum scaling and infrastructure development.
Recently layer 1 solutions like the Solana (SOL) and Cosmos (ATOM) have grown in prominence thanks to each network's faster transaction times and lower fees when compared to the Ethereum network. An even greater focus has fallen on layer 2 solutions that can help Ethereum keep up with the competition as it continues its process of switching to proof-of-stake.
✅Popular projects migrate to Polygon
Polygon, the top #ethereum layer 2 is going nuts!
Integrations with Aave, Pooltogether, Sushiswap, Open Sea, Curve Finance, Decentraland, and loads of other big #defi applications.
Since the rebrand, multiple decentralized finance (DeFi) and nonfungible token-related projects have made the decision to integrate with Polygon to take advantage of its fast, low fee environment.
Some of the more significant DeFi integrations include the decentralized exchange SushiSwap (SUSHI) and Curve Finance (CRV), while OpenSea, Decentraland (MANA) and Aavegotchi (GHST) are large NFT communities that now utilize the Polygon network.
✅DEX volume increases
While SushiSwap is one protocol that has made integrations with the Polygon network along with numerous other blockchains, the QuickSwap DEX is a project that is solely focused on increasing available liquidity for the Polygon ecosystem.
30 Jun 2021 (or earlier)
❇️UPCOMING EVENT (30 Jun 2021 (or earlier )):
PHNX on MATIC
"We are launching
PHNX and the Events Marketplace on their [Polygon] PoS chain and are aiming to do this early Q2."-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for MATIC/USDT, the price is trading at around $0.5
According to the forecast, it has been able to grow a lot and surprise us!
Will it stop growing or continue?
I think according to the positive news, it can continue its upward trend, but note that the risk has increased, so it has grown a lot. So you have to enter the position with caution
If it is fixed above the middle of the channel, it can register a new ATH and reach the targets, and in another scenario, if it can not maintain IT , the green support range can host it .
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you agree
Note
refrences:cointelegraph -coinmarketcal
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