Satoshi

Grow

Polygon

Read

Ethena

<p>Polygon has made notable steps in its technological development. On July 23rd, 2024, <a href="https://coinmarketcap.com/community/post/338192232" target="_blank" rel="noopener noreferrer nofollow">the platform released</a> Plonky3, its latest zero-knowledge proof system. This update aims to boost Polygon’s performance and security.</p>
<p>Simultaneously, Visa announced a partnership with Polygon. The collaboration will power a CDK-based chain for decentralized payments in Africa. This move could potentially boost Polygon’s adoption in emerging markets.</p>
<h2 class="wp-block-heading" id="strong-polygon-s-evolution-continues-strong"><strong>Polygon’s Evolution Continues</strong></h2>
<p>The platform is set to migrate from MATIC to POL tokens on September 4, 2024. This transition is part of Polygon’s 2.0 roadmap. The shift aims to improve the Layer 2 ecosystem’s functionality.</p>
<p>Polygon’s Proof of Stake chain boasts notable capabilities. It can handle up to 65K transactions per second. Additionally, it offers lower fees compared to competitors like Arbitrum and Optimism.</p>
<p>According to CMC TLDR, MATIC’s price has shown recent positive movement. In the last 24 hours, it increased by 2.14% to $0.54. Trading volume also surged by 48.39%, reaching $320.77 million.</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">
   Next Big Airdrop?
  </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>Notcoin airdrop on Telegram made millions to people. Don’t miss out on the <strong><a href="https://t.me/dogshouse_bot/join?startapp=lPBZdx-GSwePJnSgqNglpA" target="_blank" rel="noopener noreferrer nofollow">next TG airdrop</a></strong> by the same team – Dogs on Ton!</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>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/ethena-wakes-up-following-eth-etfs-heres-where-the-ena-price-is-headed-next/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Ethena “Wakes Up” Following ETH ETFs – Here’s Where the ENA Price is Headed Next</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-matic-price-analysis-strong"><strong>MATIC Price Analysis</strong></h2>
<p>AltFINs provides insights into MATIC’s price action. Despite a general downtrend, the token has bounced from the $0.43 support level. It broke through the downtrend line and $0.50 resistance.</p>
<p>This breakout suggests potential for further upward movement. A 10% swing to $0.60 could be on the horizon. However, traders should note that short-term and medium-term trends remain bearish.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcl5XGeP8FbKnX6I36jWBF6YUSP3RvNZNtyMSvXiZGc15oCKGpL7YgLTYTsvkln67PuJocV-4LqmY0-8NMlZaMR4PFviVqjfPc0OkW5Bclhb2Tz-yVahcVgF4vYYHm8TLx6KmkoRQNqpUo3jdTjkb33u10G?key=jCuww7K6pP9XNbMLJPzTAQ" alt="">
 <figcaption class="wp-element-caption"><em>Source: </em><a href="https://captainaltcoin.com/go/altfins/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>altFINS – Start using it today</em></strong></a>
 </figcaption>
</figure>
<p>The MACD line currently sits above the signal line. This positioning typically indicates bullish momentum. However, declining histogram bars suggest caution. The momentum may be nearing a down swing.</p>
<p>Price is neither overbought nor oversold based on RSI levels. This neutral positioning leaves room for movement in either direction.</p>
<p>Polygon’s recent developments showcase its commitment to innovation. The Plonky3 release and Visa partnership could positively impact MATIC’s long-term prospects. However, market volatility remains a factor to consider.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<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="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" 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-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</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="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/polygons-metrics-continue-to-grow-will-matic-price-break-this-next-key-level/" rel="noopener noreferrer nofollow">Polygon’s Metrics Continue to Grow – Will MATIC Price Break This Next Key Level?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polygon’s Metrics Continue to Grow – Will MATIC Price Break This Next Key Level?

Table of Contents

CaptainAltcoin

Other articles published on Jul 24, 2024

XRP Price Breaking Above the Range: It Eyes at 20% Before the End of the Month

Shibarium nears 6 million block milestone amid SHIB price Slips

Michael Saylor's Bitcoin Insight at $20,000 Still Rings True: Details

Nigeria launches AI and blockchain training initiative to enhance global competitiveness

Dogecoin Golden Cross Alert: Is DOGE Set for 18,000% Rally?

Stand With Crypto PAC has received $14K since launch, not $179M

Join our free newsletter for daily crypto updates!