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
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility
- October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
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.
