2024

altFINS

Show

Polygon

<p>Polygon extended its strong 2024 performance by rallying over 6% in the last 24 hours. MATIC currently trades at $0.87 after bouncing off support at $0.82. Its market cap stands above $8.4 billion.</p> 
<p>Driving Polygon’s ongoing momentum is a series of network upgrade announcements alongside improving sentiment and technicals around the wider altcoin market.</p> 
<h2 class="wp-block-heading" id="strong-fundamental-catalysts-zkevm-and-aggregation-milestones-strong"><strong>Fundamental Catalysts: zkEVM and Aggregation Milestones</strong></h2> 
<p>From a development activity perspective, Polygon <a href="https://twitter.com/0xPolygon/status/1755654150010855802" target="_blank" rel="noreferrer noopener nofollow">launched</a> a major zero-knowledge EVM (zkEVM) upgrade dubbed Type-1 this week. This introduces advanced cryptography to enable private transactions at a fraction of the cost of Ethereum.</p> 
<p>Additionally, the team <a href="https://twitter.com/0xPolygon/status/1757169195626672640" target="_blank" rel="noreferrer noopener nofollow">confirmed</a> its much-anticipated Aggregation v1 mainnet upgrade will go live on February 23rd. This functionality will allow seamless transfers between Polygon and other EVM-compatible chains, forming a multi-chain ecosystem.</p> 
<p>These ongoing upgrades continue to cement Polygon’s reputation as the leading Layer-2 scaling solution for Ethereum, – reflected in its price outperformance.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<h2 class="wp-block-heading" id="strong-technical-analysis-breakout-imminent-strong"><strong>Technical Analysis: Breakout Imminent</strong></h2> 
<p>Analyzing MATIC’s medium-term price action, analyst Mohsin Ali <a href="https://twitter.com/Mohsin_71/status/1757023497803452530" target="_blank" rel="noreferrer noopener nofollow">points to</a> a bullish setup targeting the $1.09 level in the short term. This aligns with altFINS’ view of identifying a bullish sideways channel between $0.75 and $1.</p> 
<p>AltFINS suggests swing traders enter longs near channel support around $0.75 and book profits near the $1 resistance. The pattern offers a potential 35% gain if executed correctly.</p> 
<p>Notably, MATIC appears on the verge of breaking above the topside channel resistance and 200-day moving average around $1. According to altFINS, such a decisive action could pave the way for a $1.25 retest.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-474-1024x573.png" alt="" class="wp-image-437325" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-474-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-474-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-474-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-474-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-474-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-474-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-474-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-474-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-474-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-474.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em>Source: </em><strong><a class="thirstylink" rel="nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p> 
<p>With Polygon firing on all cylinders, both from a development and community perspective, and a constructive chart setup, the stage looks set for MATIC to continue outperforming the market.</p> 
<p>Savvy traders can look to time entries during temporary dips with a combination of on-chain and technical analysis. MATIC’s dedicated leadership team continues to set the bar for Ethereum’s scaling solutions.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/dogecoin-on-chain-activity-raises-questions-but-expert-predicts-upward-rally-for-doge/" target="_blank" rel="noreferrer noopener">Dogecoin On Chain Activity Raises Questions But Expert Predicts ‘Upward Rally’ for DOGE</a></li> 
 <li><a href="https://captainaltcoin.com/why-is-quickswap-quick-price-pumping/" target="_blank" rel="noreferrer noopener">Why is QuickSwap (QUICK) Price Pumping?</a></li> 
 <li><a href="https://captainaltcoin.com/deestream-dst-binance-coin-bnb-and-solana-sol-make-gains-but-why-is-new-streaming-presale-stealing-the-headlines/" target="_blank" rel="noreferrer noopener">DeeStream (DST), Binance Coin (BNB), and Solana (SOL) make gains but why is new streaming presale stealing the headlines?</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/why-is-polygon-matic-price-up-2/">Why is Polygon (MATIC) Price Up?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is Polygon (MATIC) Price Up?

Table of Contents

CaptainAltcoin

Other articles published on Feb 13, 2024

Crypto super app with account abstraction: Plena joins Cointelegraph Accelerator

Ethereum NFTs Are So Back – Another EtherRock NFT Has Just Sold For $700K

XRP Price Prediction: Top Influencer Says XRP AMM Will Bring Staking To Ripple, But Investors Tur...

Chainlink’s Role in Streamlining Global Trade Challenges – Part 2

KASP Vs Jupiter : Which Altcoin is Closer to $1 Price Target ?

UNI ups and downs continue, as BTC investors go wild for Kelexo (KLXO) presale

Join our free newsletter for daily crypto updates!