Why Upcoming Polygon (MATIC) Upgrade Can’t Come At A Better Time
Polygon MATIC News: Thanks to its technical prowess and support from the community, Polygon (MATIC) blockchain network is steadying itself in the top 10 cryptocurrencies based on market cap. The network entered into significant partnerships with some of the biggest institutional investors in recent times. The founding team behind the project has already made its goals clear with their top 3 spot target. To be able to surpass six major cryptocurrencies and stand alongside Bitcoin and Ethereum in terms of market size is still a long way to go for MATIC.
Also Read: XRP Lawyer Discloses US SEC All Out War Plan Against Crypto?
Meanwhile, technical indicators suggest that MATIC is currently well placed for a bullish scenario. CoinGape reported that MATIC could see a price upswing if it broke the neckline resistance of $1.30. On the upside, the top 10 cryptocurrency could see a 50% rise all the way to $1.80.
Polygon zkEVM Mainnet
The Polygon MATIC zkEVM Mainnet, expected to be live by end of March 2023, could bring major upswing the cryptocurrency’s price in near term. The mainnet launch will likely save transaction fees for the users, apart from saving data costs for the network. As a solution, zkEVM works on decentralized Ethereum Layer 2 scalability using cryptographic zero-knowledge proofs to offer validity and quick resolution to off-chain transaction computation.
Also Read: Top Whales Accumulate These Top Crypto Tokens Before Prices Rally
- Can Cardano Save Kadena? Hoskinson Reaches Out After KDA Token Plunges 60% Amid Shutdown
- Analyst Turn Bullish with $400 SOL Target as Hong Kong Approves First-Ever Solana ETF in Asia
- Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash
- BSC Meme Season Ends as PumpFun Surpasses Four Meme Amid $8M Inflows
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
