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Depicted above ๐น, we have MATIC on a 4 hour chart, MA cross gap is pretty big at the moment which is a bullish sign๐ฎ, we also see our possible shooting star candles ๐โญ
Keep in mind it is possible we do a nice little correction โ๐ค๐ป, before more blast-off.๐๐
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FUNDAMENTAL OVERVIEW : ๐ง๐ญ๐โฌโฌ
Polygon(Matic) is a very successful 2-layer scalability engine, which has been around since 2017๐ฒ๐
Layer2๏ธโฃ scalability allows for gas prices๐ฒ๐on Marketplaces like OpenSea (one of the largest markets for NFTs๐, Dapps๐น๐ฎ, etc., which runs on POLYGON network,) to be little๐ค to none๐๐
Polygon is now even getting it's cut out of UNISWAP๐ฆ V3 positions on OpenSea, where in the past 7 days UNISWAP V3 positions have moved up 2,060% to it's 25th place position of top NFTs sold on OpenSea.๐
Wow that is ironic, MATIC and UNISWAP are competitors in a sense. Not to mention, SUSHISWAP๐ฃ (successful reinvention of UNISWAP๐ฆ,) is now available on MATIC network (as of about 2 months ago ๐๐๐) ๐
๐๐๐ Here is more good news ๐๐๐ฝ๐ฐ๐ฐ:
The MATIC network just came out with QuickDuck๐ฆ ( a Network yield optimizer,) which uses a compounding farming strategy.. what does this mean ? ๐ฅฑ๐คโฉโฉโฉ Let's take a look ๐ง๐โฌโฌ:
Users who invest on the POLYGON(MATIC) network, will soon be able to invest into the 100 and some QuickDuck๐ฆfarming pools๐ฆ that the Network plans to release. QuickDuck๐ฆ technology is coming out this Sunday๐๐. โฉโฉ (investors on the QuickSwap, SushiSwap๐ฃ and Cometh exchanges will earn more money through compounding interest, etc...)
This is an upgrade no doubt for the POLYGON network๐๐, which previous to QuickDuck๐๐ฆ, investors could only withhold profit rather than just reinvesting the profits earned (compounding.)๐
This chart is just for funโญ and I believe MATIC will increase in price long-term๐๐. Networks like POLYGON are a good alternative to save on crazy GAS fees๐๐ฒ on overclocked networks like ETH.๐
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If you enjoy more technical approach rather than fundamentalโ๐นโฌโฌ:
Take a look at MATIC chart WEEKLY on a logarithmic scale. It paints a pretty bullish picture ๐ฎ๐, if history is to repeat itself.
If we maintain bullish momentum, I will post an update with more (possible) accurate targets short-term! ๐
๐๐๐This is never financial advice๐๐๐ I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss โ๐๐ฒ set
Any thoughts ๐ญ๐ก, questions ๐โโ๏ธ๐โโ๏ธโ, good ๐, bad๐, happy ๐ or sad ๐ฅ, in the comments always welcome.
Thank you so much!!!
Jazerbay ๐ถ