Altcoins

Is MATIC Price All Set To Hit $1 In Next 12 Hours?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Aug 6, 2022

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With the recent announcements claiming to elevate the utility and adoption of Polygon Network, the MATIC price rally is being postulated to touch the $1 mark. The market sentiment surrounding the asset is highly bullish at the moment. 

The Polygon network has decided to step into Blockchain gaming and is trying out partnerships for the same. Polygon is powering free deposits to the Polymarket.

Polygon Network New Partnerships 

MATIC announced its collaboration with web3 game development studio ‘Epic League’- which plans to evolve industry-leading blockchain games using Polygon’s technology.

Epic League has already beta-tested a role-playing game – ‘Dark Throne’ which is set to launch in Q3 2022 on the Polygon Network. Testing revealed an approximately 70% retention rate amongst the players on the 7th day. With the sizeable predictions, the game can be expected to launch successfully with Polygon Network.

To drive a wave of projects at the MATIC network, Polygon also teamed up with Techstars London for a Web3-specific Accelerator Program and the Gaming partnership. 

Polygon – MATIC confirmed by saying:

“Polygon and Techstars have teamed up for an accelerator program offering hands-on mentorship, personalized programs, and investor networking opportunities to a cohort of founders building on Polygon and in web3 foundation .”

Initiating the Accelerator program, MATIC announced that applications would open on August 29, 2022, and the selected projects would begin to work in early 2023. The MATIC’s partnership with Techstars is a tactic to move tens of millions of developers onboard onto Polygon’s ever-growing, diverse, and green network.

Polymarket’s announcement of instant and free deposits from coinbase can be seen as a leading development in the ecosystem. Also, the Polygon ecosystem has been seeing increasingly newer partnerships. Therefore, MATIC’S utility is driven primarily by Polymarkets – the global information platform.

MATIC Price to Reach $1?

A leading crypto analyst, Mohadesa Najumi, analyzed the current MATIC price trend and noticed bullish signals in Altcoin’s price chart. Najumi vouched for a bullish outlook on MATIC, owing to daily simple and exponential moving averages.

Najumi proclaimed that a spike in the selling price has been limiting MATIC’s upside threshold and deviating it from its psychological growth track to $1. 

‘If selling pressure on MATIC reduces, there is a possibility of a rally to $1.’

Crypto Analyst and Trader, Pentosh declared that a clean break past resistance at $0.97 could push MATIC price to the range between $1.2 and $1.4.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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