Polygon Price Prediction: MATIC Holds at $0.578

Polygon’s (MATIC) has gained vital momentum since its fall on August 17 to commerce beneath $0.55. 

Nonetheless, the token must garner extra momentum to impress traders within the crypto market. Furthermore, the SpaceX-Bitcoin incident on Thursday closely affected its worth motion. 

Whereas traders eagerly hope the broader crypto market regains stability, MATIC and different altcoins observe inner developments. These developments are anticipated to enhance their relevance to their communities. 

Nonetheless, MATIC’s worth consolidates between $0.55 and $0.57 because it struggles to interrupt by means of the resistance round this worth zone. 

Polygon Slowly Recovers, However Nonetheless Inside Pink Zones

MATIC worth strikes in tune with the broader crypto market. Notably, the autumn was as a result of experiences about SpaceX dumping all its Bitcoin holdings. Though the information has been clarified, the announcement affected the final crypto market.

At 7:02 am EST on August 21, MATIC is buying and selling at $0.5653, experiencing a 2.04% lower within the final 24 hours. 

Over the previous 7 and 14 days, CoinGecko experiences that the asset has recorded 16.8% and 15.6% declines, respectively. Additionally, it witnessed a 26.8% worth loss within the final 30 days.  

Nonetheless, regardless of this bearish worth outlook, its buying and selling quantity barely elevated by practically 16% within the final 24 hours. But it surely stays unsure whether or not this modification in buying and selling quantity factors in the direction of a sell-off or purchase exercise. The next evaluation will present hints.

Magic Eden Helps Restoration in Polygon Worth

Magic Eden, an NFT market constructed on the Polygon blockchain, has introduced the launch of a $1 million creator fund. The newly launched fund gives creators a singular alternative to safe funding for his or her tasks based mostly on the Polygon community. Past monetary help, profitable candidates may also obtain steerage from Magic Eden relating to mentorship, advertising and marketing, technical help, and grant sources. 

We’re excited to announce the launch of our $1,000,000 Creator Fund #onPolygon 💜

This program will assist the subsequent technology of creators construct within the ecosystem as they work alongside our workforce of trade veterans and advisors.

Click on the hyperlink beneath to use 👇 pic.twitter.com/wu0sFOtFIv

— Magic Eden on Polygon 💜 (@MEonPolygon) August 17, 2023

This information, which got here in the course of the later hours of August 17, barely improved investor curiosity in MATIC and was evident within the August 18 efficiency.  

Nonetheless, whereas the long run might produce outcomes for the affected person traders on the Polygon community, the present market sentiment is bearish. 

Technical Evaluation on MATIC Reveals Quick-term and Lengthy-term Bearish Tendencies

In accordance with the MATIC/USDT market, it trades beneath the 200 and 50-day Easy Transferring Common (SMA), representing a brief and long-term bearish momentum.

Additionally, the Transferring Common Convergence/Divergence (MACD) is beneath the sign line, supporting the prevailing bearish sentiment in MATIC’s market.

Nonetheless, there is perhaps a possible retracement available in the market, evident within the Relative Energy Index worth of 26. As sellers improve their stress, a drop into the oversold area will doubtless result in a bullish reversal if traders determine to purchase the dip.

Contemplating the evaluation, the market might expertise a consolidation part earlier than an impulsive transfer to the upside if the latest developments are sturdy sufficient to carry water. 

Key Worth Ranges

The chart reveals that MATIC/USDT trades between the numerous resistance and help ranges at $0.8800 and $0.5089. With added bullish momentum, the bull would possibly maintain the promoting stress, and the market might rebound from the crucial help stage.

Nonetheless, if the bulls fail to maintain the stress, the bearish development would possibly persist, and the value might break the crucial help stage at $0.5089. 

Alternatively, potential traders can search for different altcoins for a faster return on funding (ROI). 

Pikamoon Completes Remaining Presale Stage, As Buyers Await DEX and CEX Itemizing Dates

Pikamoon ($PIKA) is a hub for avid gamers who wish to have enjoyable whereas earning money in crypto. The challenge’s presale has attracted traders, significantly these keen about gaming, as a result of its skill to combine GameFi with blockchain expertise. 

What units Pikamoon aside is that it’s constructed on two well-regarded blockchains: Ethereum and MultiversX. This makes Pikamoon a particular play-to-earn crypto challenge with loads of distinctive options. First, utilizing a number of blockchains ensures sturdy safety measures, seamless streaming in its digital world, and speedy cost processing speeds. 

Even higher, the challenge’s founders have prioritized transparency and belief by guaranteeing that every workforce member goes by means of verification by CoinSniper. This step has been taken to ensure safety and set up credibility.

Moreover, Pikamoon’s challenge has undergone auditing by Seek the advice of, a good blockchain audit platform. This audit ensures the protection of traders’ funds and the general reliability of the cryptocurrency challenge.

As evident of their social standings, the Pikamoon workforce has additionally proven dedication to elevating the token’s visibility. Some days in the past, their official Twitter deal with publicly introduced the continuation of an ongoing $50 giveaway to draw potential traders and reward followers.

Final likelihood to enter earlier than the winner is introduced on Monday 🔌$PIKA // #Pikamoon https://t.co/d4TicL5B2G

— Pikamoon (@PikaMoonCoin) August 19, 2023

Additionally, high quality mentions from YouTube influencers and collaborations with notable tasks have added to $ PIKA’s edge within the crypto area. 

$ PIKA’s Spectacular Presale Efficiency Ignites Buyers Continued Curiosity to Purchase

Marking the shut of a profitable presale, $PIKA accomplished the exhausting cap of $6 million in its third and remaining part. The challenge’s presale achieved vital milestones as a result of rising adoption and robust investor help. 

The presale part started in March 2023 and included three rounds, after which the token would get listed on decentralized and centralized crypto exchanges. The net funding neighborhood was enthusiastic when the presale entered its remaining stage at a promoting worth of $0.0006 per token. The frenzy began, and the remaining tokens have been cleared in a couple of days. 

Throughout these phases, the creators of Pikamoon made 30% of the full token provide out there for the general public to purchase. Those that invested within the token will now have the chance to accumulate uncommon NFTs and revel in thrilling occasions on the sport platform after launch. 

Contemplating the anticipated itemizing worth of $0.0007, consultants have calculated potential returns on funding starting from 16.6% to 250%.

Curiously, and as a warning be aware, Pikamoon is designed as a deflationary challenge, that means that over time, the token provide decreases, which may result in a rise in its market worth as demand grows. 

For these concerned with securing potential income, collaborating within the challenge is feasible by means of the presale web site. Buyers should join their cryptocurrency pockets and use Ethereum (ETH) as a base to purchase $PIKA tokens.

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