Gemini

2024

Million

Polygon

Polygon’s (MATIC) price surge is followed by its recent listing on the Gemini exchange. This news was followed by an accumulation of 32 million MATIC tokens by Polygon whales sparking an upsurge that helped MATIC reach the $1 threshold. 
Trader’s interest spiked with the focus shifting to two significant transactions. The first saw the transfer of <a href="https://whale-alert.io/transaction/ethereum/0xe510bcc8c55a188dee525e95d995e5b22abe4fe2e53a6e89edb8c083aa585afc">11,999,999 MATIC </a>worth $9.99 million, from Coinbase Institutional. Concurrently, a more noteworthy action was the gathering of <a href="https://whale-alert.io/transaction/ethereum/0x98dbebbf1eab426b04847949713083121a7b3359394bd14783099c544ecf456f">20 million MATIC</a>, worth $16.66 million. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw">#Polygon</a> whales accumulate 32 million <a href="https://twitter.com/hashtag/MATIC?src=hash&amp;ref_src=twsrc%5Etfw">#MATIC</a> tokens after <a href="https://twitter.com/hashtag/Gemini?src=hash&amp;ref_src=twsrc%5Etfw">#Gemini</a> listing, hinting at potential price surge. <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoNews</a> 
 Surge in MATIC accumulation coincides with Gemini's listing of MATIC/GUSD perpetual contract, driving momentum."<a href="https://t.co/D4fXhcBFYQ">https://t.co/D4fXhcBFYQ</a> 
 — Coinpedia (@CoinpediaNews) <a href="https://twitter.com/CoinpediaNews/status/1755571420954853756?ref_src=twsrc%5Etfw">February 8, 2024</a>
</blockquote> 
The community’s expectations are raised by Polygon’s (MATIC) strong momentum and the revival of the broader cryptocurrency market. However, analysts show concerns due to the macroeconomic uncertainty and rivalry in the blockchain industry. Despite a promising trend, MATIC is now again showing a <a href="https://coinmarketcap.com/currencies/polygon/">sluggish movement</a> between $0.95 – $0.96.&nbsp; 
Calls for an explosive surge to $2 in MATIC price momentum are met with caution by traders and analysts until further directionality is confirmed. A decline below the $0.96 mark would lead to further aggressive sell-offs, which might drive the price down below $0.85. Such speculations are pushing investors to explore other avenues.&nbsp; 
Algotech (ALGT) is a significant project whose performance has been in the headlines. The project has managed to raise over $1.1 million within two days of the presale round. Analysts believe that Algotech has a promising future and that it can surpass significant breaking coins like MATIC. 
<h2 id="b-understanding-the-algotech-algt-hype-b">Understanding the Algotech (ALGT) Hype&nbsp;</h2> 
The TradFi platform offers an exciting value proposition for investors thanks to its deflationary supply. As the presale offering runs out, the coin is expected to explore in value with surging demand. 
Community members of Algotech are entitled to governance rights, profit shares, and have access to advanced trading strategies, including hedging, mean reversion, and algorithmic consolidation.&nbsp; 
The deflationary ERC-20 coin is also backed by solid tokenomics that ensure continued reinvestment into development to support the growth of the trading Platform. Algotech’s commitment to innovation ensures transparency, scalability, and user-friendly experiences 
<img decoding="async" class="size-full wp-image-88959 aligncenter" src="https://thecoinrise.com/wp-content/uploads/2024/01/Algotech-Banner.jpg" alt="" width="1280" height="200" srcset="https://thecoinrise.com/wp-content/uploads/2024/01/Algotech-Banner.jpg 1280w, https://thecoinrise.com/wp-content/uploads/2024/01/Algotech-Banner-300x47.jpg 300w, https://thecoinrise.com/wp-content/uploads/2024/01/Algotech-Banner-1024x160.jpg 1024w, https://thecoinrise.com/wp-content/uploads/2024/01/Algotech-Banner-768x120.jpg 768w, https://thecoinrise.com/wp-content/uploads/2024/01/Algotech-Banner-150x23.jpg 150w, https://thecoinrise.com/wp-content/uploads/2024/01/Algotech-Banner-696x109.jpg 696w, https://thecoinrise.com/wp-content/uploads/2024/01/Algotech-Banner-1068x167.jpg 1068w" sizes="(max-width: 1280px) 100vw, 1280px"> 
<h2 id="b-algotech-is-expected-to-explode-by-300-at-2-mark-in-upcoming-months-b">Algotech is Expected to Explode by 300% at $2 Mark in Upcoming Months</h2> 
With the sluggish movement and speculations surrounding major altcoins like SOL, ADA, BONK, and MATIC, investors are looking toward <a href="https://algotech.trade/">Algotech</a>. The algorithmic trading platform leverages advanced machine learning to empower traders. Drawing parallels with game-changer projects, Algotech has strategically emerged as a significant competitor for MATIC. 
The project is perfectly positioned to become a major stakeholder as we approach the bull run.&nbsp; With presale demand heating up, a massive surge above the current level is highly likely.&nbsp; 
Due to the project’s outstanding performance at the start of 2024, its worth is anticipated to skyrocket beyond its current $0.04 level. Analysts predict Its value to reach an all-time high of $2 before it gets listed on more exchanges, indicating a significant rise of 300% in the earnings of early investors. 
Learn more:&nbsp; 
<a href="https://algotech.trade?utm_source=thecoinrise&amp;utm_medium=pr&amp;utm_campaign=2202">Visit Algotech Presale</a> 
<a href="https://linktr.ee/algotech.trade">Join The Algotech Community</a> 
The post <a href="https://thecoinrise.com/polygon-matic-price-surges-past-1-mark-traders-bet-on-algotech-to-hit-2-first/">Polygon (MATIC) Price Surges Past $1 Mark, Traders Bet on Algotech to Hit $2 First</a> appeared first on <a href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Polygon (MATIC) Price Surges Past $1 Mark, Traders Bet on Algotech to Hit $2 First

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