MATIC is a cryptocurrency that was created to help the gaming industry. This blog post will discuss how it works and what makes it unique.
The polygon matic founder is a cryptocurrency that is designed to be used in the entertainment industry. It was created by Polygon, which is an online gaming company.
AltFINS experts perform technical chart analysis of the top 30 cryptocurrencies in addition to automated chart patterns. These are known as Curated Charts, and they assess five key technical analysis principles: Trend, Momentum, Patterns, Volume, Support, and Resistance.
Technical analysis of Polygon (MATIC):
Wait for a break over $1.50 resistance or a retreat to around $1.25 support for a fresh entry. A pullback to the $1.25 support level may be a good entry opportunity. (Provide a price alert)
Across all time ranges, there is an upward tendency (Short- Medium- and Long-Term).
Bullish momentum is present, but it is waning. Although the MACD Line is above the MACD Signal Line and the RSI is over 55, momentum may have peaked since the MACD Histogram bars are fading, indicating that momentum is fading.
On Balance Volume (OBV) is flat, suggesting that volume on up days equals volume on down days. As a result, buyer demand and seller supply are in balance.
Support and Resistance: $1.25 is the closest support zone, followed by $1.00. $1.50, then $2.00 for the Resistance Zone closest to you.
Here is a live Polygon (MATIC) chart.
More curated charts for the top 30 coins can be seen here.
Recent research and news:
Kyber and Polygon Join Forces to Improve DeFi Liquidity
Ren boosts DeFi liquidity through Fantom and Polygon integrations while the market falls.
This week, Polygon (MATIC) beat Bitcoin and other major cryptocurrencies for three reasons.
Bitcoin, Dogecoin, and other ERC20 coins now have a ‘bridge’ to Polygon.
Before investing in a blockchain project, here’s what billionaire Mark Cuban looks for.
More real-time news may be found here.
What is the meaning of Polygon (MATIC)?
On the altFINS portal, you may read the entire description as well as the latest news.
Polygon is a platform designed to help Ethereum grow by supporting infrastructure development. The project’s main component is a modular, extensible framework (Polygon SDK) that enables developers to create and link Layer-2 infrastructures like Plasma, Optimistic Rollups, zkRollups, and Validium, as well as independent sidechains like Matic POS (Proof-of-Stake). In February 2021, Polygon rebranded from Matic Network and shifted its focus to supporting various Layer-2 infrastructure. It will keep supporting the Matic POS sidechain and Plasma-based payment system, which already has over 90 apps.
In 2017, Polygon rebranded as Matic Network. Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun co-founded it to address blockchain scalability and usability problems. Traditional blockchains have significant transaction fees and latency, which may stymie their adoption, technical efficiency, and user experience. External networks or layer-2 scaling solutions may serve as load balancers for networks that can’t scale naturally as user activity grows. Plasma was at the vanguard of blockchain scaling in 2017, and Matic used a plasma-driven scaling method and Proof-of-Stake (PoS) sidechains to help Ethereum scale as user demand increased. Matic POS became a popular scalability solution for a variety of applications throughout time. In February 2021, Matic relaunched as Polygon to become a Swiss Army knife for scaling solutions. Polygon intends to expand its Plasma/POS chain to include support for rollups and Validium. The initiative acknowledges that a single solution may not be able to scale on its own. Polygon wants to play a key role in providing the infrastructure needed to build any of these systems, and there’s a chance that many solutions may coexist and help Ethereum grow collectively.
Details on the Supply Curve
After the sale, the tokens sold in the IEO (initial exchange offering) were unlocked. Half of all private sale tokens were unlocked at the moment of listing, with the remainder vesting six months later (October 2019). The timetable for the remaining token releases may be seen here.
Details on how to use a token
MATIC is Polygon’s native token. The following are the functions of this token: Fees: The MATIC token’s main use case is to pay for network transaction fees. The token is intended to be a utility token that can be used to make payments and resolve disputes amongst members in the Polygon ecosystem. Staking: Matic sidechains use a Proof-of-Stake (PoS) layer to ensure consensus, with network members staking MATIC to act as validators and receive staking rewards. Performing different tasks on the Polygon Network, such as verifying blocks and publishing proofs, necessitates the use of computational resources. MATIC inflation benefits these resource providers by incentivizing them to preserve network integrity and bootstrap security.
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The polygon matic price is a website that provides news, information, and analysis on the cryptocurrency market.
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