Token

Foundation

Polygon

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/polygons-matic-token-distribution-finalized-whats-next-for-investors" rel="noopener noreferrer nofollow">Polygon’s MATIC Token Distribution Finalized: What’s Next for Investors</a><br></p>
<p style="text-align: justify">Polygon’s <a href="https://en.bitcoinhaber.net/ai-and-blockchain-the-rise-of-ai-driven-metaverse-and-web3-gaming" rel="noopener noreferrer nofollow">cryptocurrency</a>, MATIC, has completed its token distribution phase, potentially heralding a period of growth for the digital asset. As the market anticipates a bullish season, this conclusion of distribution is poised to possibly catalyze a substantial rally for the token.</p>
<h2 id="completion-of-matic-token-release">Completion of MATIC Token Release</h2>
<p style="text-align: justify">The Polygon Foundation Contract has finalized the release of 273 million MATIC tokens, representing a pivotal moment for the currency amidst market inflation concerns. This completion is expected to unlock tremendous prospects for the Polygon ecosystem and its participants.</p>
<p style="text-align: justify">Etherscan’s recent data confirms the distribution of the final batch of MATIC tokens, with the circulating supply now totaling 9.28 billion. This solidifies Polygon’s standing among the top cryptocurrencies by market capitalization.</p>
<h2 id="technical-analysis-and-price-projections">Technical Analysis and Price Projections</h2>
<p style="text-align: justify">Despite MATIC’s price holding steady above the weekly support of $0.942, there are technical signals that suggest a potential climb. Price patterns such as lower highs and swing lows indicate a possible bottom formation and a period of consolidation, offering a prelude to an anticipated price surge.</p>
<p style="text-align: justify">If MATIC maintains its stance above the critical support level, a significant rally could be in store, potentially increasing the price by 30% to $1.22. Conversely, a dip below support may trigger a 15% drop to $0.782, with a worst-case scenario bringing the price down to $0.691.</p>
<p style="text-align: justify">Following the final token distribution, Polygon’s MATIC is entering an intriguing phase with the potential for notable price movements. Investors are advised to monitor the altcoin’s performance closely, especially now that the inflationary pressure associated with the distribution has been lifted.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/polygons-matic-token-distribution-finalized-whats-next-for-investors" rel="noopener noreferrer nofollow">Polygon’s MATIC Token Distribution Finalized: What’s Next for Investors</a></h5>

Polygon’s MATIC Token Distribution Finalized: What’s Next for Investors

Table of Contents

BH NEWS

Other articles published on Feb 22, 2024

DWF Labs Pumps Millions of JASMY and FET Tokens into This Major Exchange – But What’s The Real Re...

Circle Announces Plans To Phase Out Support for USDC on the Justin Sun-Founded Blockchain Tron

Smog Price Prediction – Can a Possible CEX Listing Fuel 10x Growth for $SMOG?

Bitcoin’s (BTC) Amount of Holders Stays Flat, While Ethereum and Tether Reach All-Time Highs

Ethereum Ready for Liftoff? Kraken OTC Maps Path to $5,200

Binance Makes Big Announcement With New Solana, Worldcoin and Filecoin Listings

Join our free newsletter for daily crypto updates!