Monday-Crypto Theme by Steemit Pakistan -THE FUTURE OF MATIC

hibbanbilal (64)Prime Member⭐| Club5050⭐in STEEMIT PAKISTAN • 3 years ago (edited)

Hello and welcome to my friends and all the steemit community members. I hope you all are doing fine. I am glad that you make time for reading my post. So let get started with my Monday-Crypto Theme. Do support me thankyou.

INTRODUCTION

"MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.
Circulating Supply: 6,458,576,924 MATIC
Total Supply: 10,000,000,000 MATIC"^Source

^{Image Source}

PRICE PREDICTION

TECHNICAL ANALYSIS

Here in this picture, you can see the "Major Support" of MATIC is marked

MAJOR SUPPORT.jpg

MATIC was traveling in a BULLISH Channel. The trendlines are marked in the picture. The channel was broken and there was an increase in the price

BBULLISH CHANNEL.jpg

Now there is a major resistance that MATIC is currently trying to break.

MAJOR RESISTANCE.jpg

Here, we can see a rising wedge. This means that the price will most probably fall. But no worries MATIC holders, it is a good coin it will soon break the resistance In Sha Allah.

So, we have seen that a rising wedge is forming. So, unfortunately, it will not be able to break the resistance most probably. Therefore we have to wait. Once it breaks the resistance, we will buy the coin after the retest. I have marked the Target Points in the picture below.

TPS AND BUYZONE.jpg

FUNDAMENTAL ANALYSIS

Due to it maybe we can see the price increase of "MATIC".

1. 30 Jun 2022 (or earlier) XCUR Integrates MATIC

^Source

"Matic Agnostic Integration" ^Source

MATIC REVIEWS

"Below we have collected the most reliable price projections for Matic (MATIC) from popular forecast platforms.

#1. WalletInvestor MATIC Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Matic price will grow from $1.459 to $3.396 in one year. That makes MATIC an awesome investment. The long-term earning potential is 132.76%. Predicted price for the end of 2026 is $12.426.

#2. TradingBeasts MATIC Price Prediction for 2022
Answering the question about if Polygon is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $1.84207 with a reduction to $1.57456 by the end of 2022.

#3. DigitalCoin MATIC Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Matic cryptocurrency will rise in the next 5 years starting from $0.873181 as of today’s price to $2.6562189. It will go up to $1.471578 by 2022 and continue its growth in 2023-2024. Based on this forecast, Matic is a profitable long-term investment."

^Source

MY REVIEWS ON MONDAY-CRYPTO THEME

It is a very good step taken by STEEMIT PAKISTAN. Due to it we can gain more knowledge about the crypto currency and how it works. As we all know that crypto is future and due to this step newbies can learn more about it and can gain more knowledge in this time when the crypto currency is on peak. This could be a great opportunity for the people of this community to learn about it and by this everyone can earn good.