News View Non-AMP

Crowd Attention Shifts From Ethereum to Matic! Time For MATIC Price Breakout!

Published by
Elena R

Matic platform has been making headlines in recent days as the altcoins daily user activity leapt to new highs! The traffic seems to be the result of Matic’s exciting partnerships ahead. With a series of events scheduled to launch in quarter 4, Matic price looks quite promising. The network is building the best DeFi technology outside of the Ethereum main chain.  

Matic Network Daily User Activity Booms Ahead Of Ethereum

The crowd is going crazy to see Matic’s performance over the last few days. Popular Matic fundamental analyst Raphael shared interesting statistical data. The metric revealed that on 27th September 2021, daily user activity on the Matic network surpassed Ethereum. Well, Matic hit 351k daily active users, where Ethereum’s user activity stood at 326k.

Also Read: Why Cardano Price Is Falling Apart? This Is When ADA Price Could Restart Pumping!!

Additionally, one of the metrics received from Polygonscan.com hinted that Matic price will go for an aggressive run in Q4! Yes, it indicated a massive uptrend in the HODLer count. Active polygon PoS chain addresses surged from 50k in march to surpassing 350k in September 2021. The network seems to be attempting hard to overtake Ethereum. This is because every upgrade or partnership that comes out of the Matic platform tries to be better than Ethereum. 

Recent Matic Partnerships

  • Polygon network soon is going to collaborate with idle finance, a leading yield aggregator. This venture will help users earn the highest rewards from several DeFi strategies.

Matic Price Analysis

The recent market crash in the crypto space impacted MATIC price too. With a slight pull back the price is trading at $1.09 at the press time. Matic price is patiently waiting for a breakout as its major resistance level lies at $1.162. With breakout, the price could skyrocket to new highs!

Matic price would plunge to an immediate support level of $1.030 if the breakdown happens.

Collectively, Matic seems to be a tough competitor for Ethereum with respect to fundamentals and price. The Polygon network is working from roots to strengthen the network for futuristic technology. On the other hand, due to Ethereum’s slow network activity could be another reason the user base is jumping to Matic.

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.

Recent Posts

Time to buy XRP? $55 million of Asset Outflow from Exchanges

XRP, the native token of Ripple Labs, is gaining massive attention from long-term holders despite…

April 4, 2025

Crypto Market Hit New Lows—Investors Looking Elsewhere? Ozak AI’s $0.003 Entry Looks More Promising!

The crypto market has recently experienced a vast downturn, with most important projects such as…

April 4, 2025

BTC Price Volatility Spikes Up—Is it a Good Time to Buy Bitcoin?

The US markets are experiencing one of the massive pullbacks, with major stocks plunging by…

April 3, 2025

Forget PEPE – Influencer Pepe (INPEPE) is the Future of Meme Coins with Real Utility!

PEPE hopped its way to a $3.8 billion market cap, but its reign as a…

April 3, 2025

Ripple (XRP) Eyes $10 as Ruvi AI (RUVI) Captures Investor Attention with Huge Growth Potential During Presale Phase 1

Ripple’s (XRP) recent rally from $2.00 to $2.20 has sparked excitement among cryptocurrency enthusiasts. This…

April 3, 2025

How High Can Influencer Pepe Go? Expert Predictions for 2025-2030!

The crypto circus has a new ringmaster: Influencer Pepe (INPEPE). This Pepe-the-Frog-inspired token is making…

April 3, 2025