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Polygon long-term analysis, Total potential profit +416% ROIPolygon is currently supported and trading within a channel pattern. The first target is the top of this channel, offering a potential profit of +79% ROI. A breakout above the channel could lead to a second target of $1.56 USD, with a potential profit of +179% ROI. If the market closes above this second target, a significant price movement in Polygon is expected. The third target of this analysis is $2.8900 USD, offering a total potential profit of +416% ROI. This is a long-term analysis, and it's essential to follow trend continuation techniques. This presents a significant opportunity, good luck!
MLong
by TradingTrillionairesOfficial
1
MATIC View!!After a year of extensive community discussions, Polygon developers announced that the migration of its MATIC token to POL was live. This change introduces POL as the new ticker symbol for the native gas and staking token on the Polygon PoS chain. Exchanges are expected to list the upgraded token. The transition to POL is a crucial component of Polygon’s development into a ZK chain and its integration with AggLayer, which aims to consolidate liquidity and state across multiple chains. POL will maintain MATIC’s existing tokenomics and a supply of 10 billion tokens.
MLong
by FXBANkthe8055
Does Polygon Set For Reacquiring the $1 Mark Ahead? The Polygon has earned more than 32.19% gains this week and has propelled a breakout from a falling wedge pattern. As of writing, it ranks 19th globally based on its market cap, which amounts to $5.321 Billion, and it last traded at $0.5341 with an intraday gain of 1.5%. x.com This month's bullishness in the asset was due to several reasons, and one of those driving was the upgradation of MATIC to POL optimism starting September 2024. Over a broader structure, the analysis showcased that the breakout occurred after a 145-day decline, making it a nearly 73% deterioration. With this month's rise, the deterioration remained 58% from the first quarter's peak. The improvement in price is displayed and optimism for further acceleration has increased in Polygon. The 50-day EMA has been pierced, and the price is set for a 200-day EMA to cross.
MLong
by Yash_Jain_1309
1
Does Polygon Set For Reacquiring the $1 Mark Ahead? The Polygon has earned more than 32.19% gains this week and has propelled a breakout from a falling wedge pattern. As of writing, it ranks 19th globally based on its market cap, which amounts to $5.321 Billion, and it last traded at $0.5341 with an intraday gain of 1.5%. This month's bullishness in the asset was due to several reasons, and one of those driving was the upgradation of MATIC to POL optimism starting September 2024. Over a broader structure, the analysis showcased that the breakout occurred after a 145-day decline, making it a nearly 73% deterioration. With this month's rise, the deterioration remained 58% from the first quarter's peak. The improvement in price is displayed and optimism for further acceleration has increased in Polygon. The 50-day EMA has been pierced, and the price is set for a 200-day EMA to cross.
MLong
by Yash_Jain_1309
MATIC Set For Rebranding In Early SeptemberMATIC, the native token of the Ethereum sidechain Polygon, has had it rough in the past five months. After soaring above $1.2 in March, the token has been in freefall, dumping over 65%. For now, MATIC faces strong rejection at $0.45 and continues to distribute, which is evident in the daily chart. The lull across the crypto scene and shrinking activity in DeFi means Polygon is on the receiving end. Despite these market-related challenges, there is a silver lining for MATIC holders. The Rebranding Of MATIC To Polygon Polygon is evolving, and after the rebranding from the Matic Network, MATIC, the native token, will be relaunched as POL. This highly anticipated upgrade is set for September 4, 2024. The rebranding will be a pivotal shift for Polygon, making a stage in which the platform introduces new utilities to POL as they look to grow and further innovate, primarily by scaling Ethereum.
MLong
by FXBANkthe8055
Polygon MATICUSD Imbalance on 6hr!Polygon MATICUSD price is in the same dark ditch as most of the other altcoins in the market, still feeling the effects of the recent drawdown. The best shot MATIC has at recovery will come not from the market but from the investors first. Polygon Investors Are Still Optimistic MATIC’s price will be heavily influenced by its investors, who persist in their optimism despite the bearish cues. Despite the recent decline in its price, MATIC’s adoption rate remains steady at 34%, which indicates that the Polygon native token continues to attract interest from potential investors.
MShort
by FXBANkthe8055
Polygon broken major liq$ pool, long term long wing waiting!Peter Thiel’s Founders Fund co-leads $85 million seed round for open-source AI platform Sentient Sentient, an open-source artificial intelligence development platform with Polygon co-founder Sandeep Nailwal as one of its core contributors, has raised $85 million in a seed funding round. Peter Thiel's Founders Fund, Pantera Capital and Framework Ventures co-led the mega round, Sentient said Tuesday. Other investors in the round included Ethereal Ventures, Robot Ventures, Symbolic Capital, Delphi Ventures, Hack VC, Arrington Capital, HashKey Capital, Canonical Crypto and Foresight Ventures. Sentient began raising funds for the seed round in March of this year and closed it in May, Nailwal told The Block in an interview. He declined to comment on the structure of the round and valuation.
MLong
by FXBANkthe8055
1