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MATIC Price Beefing Up As It Starts A Slow Rebound

  • The MATIC Price Has Gained Around 7% Over The Past 24 hours to trade at the $1.11 mark.
  • Polygon Lost Well Over 30% in the Latest Flash Crash Dropping From $1.41 To $1.04 In Just A Few Days
  • Recently announced partnerships should be a considerable book for MATIC As It Continues To Gain Acceptance In The Wider Cryptosphere

The MATIC price seems to be in slight recovery mode at present since it is trading at around the $1.11 level or a 7% gain. Polygon had suffered a brutal reversal over the past couple of days with a loss of well over 30% since the 18 September level of $1.42 and an even more pronounced crash from the $1.74 level registered on September 6.

Although the outlook may look rather bleak at present, some recently announced partnerships such as the one with Decentral Games should be a boon for the MATIC price especially on a long-term basis. The current instability in the cryptocurrency markets is not helping of course but if the recovery continues to hold, we should see further positive price movement for Polygon.

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Short Term Prediction For MATIC Price: A Slow Recovery As Positive News Makes An Impact

The MATIC price has seen a considerable decline over the past days with a severe price fall but a positive 7% swing earlier today could indicate that times are changing. The recently announced partnership with Decentral Games has definitely put Polygon on the map for positive crypto news.

If bulls are able to build on the positive momentum surrounding MATIC, we could easily see a gain to the $1.20 level where the first resistance levels are to be found. If this level is superseded then we could expect to see further positive price action with Polygon rising to around the $1.30 mark. This would be an 18% rise from the current price.

A bearish thesis would of course invalidate all this positive prediction. If this were to pan out, one could expect the MATIC price to dip to around the $1.02 level where it would be dangerously close to the support levels of $0.95 to $1. However, that does look unlikely at the moment as positive sentiment seems to be surrounding MATIC.

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Recent Partnerships Provide A Boon For Polygon’s Long term Future

Polygon, recently announced that it has formed a strategic partnership with Decentral Games, the world’s first metaverse gaming decentralized autonomous organization (DAO), The partnership is intended to solve challenges around scalability, interoperability, speed, and transaction costs during play-to-earn games.

Polygon’s ethereum scaling solution will allow Decentral Games to eliminate outages and long maintenance periods that can significantly affect the gaming experience. This is an important challenge to address given the rapidly rising number of users joining the Metaverse.

This ground breaking partnership should definitely be a boon for the long term future of the MATIC price which is expected to be well over the $2 mark by the end of the year.

Where to Buy MATIC

If you want to purchase Polygon, you can do so on the following exchanges:
eToro is one of the trusted exchange platforms in the crypto space. eToro supports copy trading, which allows new traders to learn from market experts. eToro also charges low trading fees and commissions.
The other platform where you can buy MATIC is Binance. Binance is one of the largest exchange platforms. It supports a wide range of cryptocurrencies and trading pairs. It also offers user-friendly features.

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Gerald Fenech

Gerald Fenech

Freelance journalist and writer with over ten years experience in forex and fintech writing. Specializes in crypto and blockchain