Price Analysis

Regulated Institutional Capital To Flow Into Polygon Uplifting MATIC Price!

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Highlights

    Polygon continues its partnership by getting listed on multiple platforms, hence providing a space for the asset for wider adoption

    With the influx of huge liquidity into the platform, MATIC price could elevate to higher levels, probably attain a two-digit figure soon

Polygon Target’s Wall Street Funds!

Polygon’s journey is no less than an eye-catching dream for the traders in the crypto space. Similar to the dogecoin price rally, MATIC price also killed a couple of zero’s to range above $2. However, since the Mid-May crash, the price failed to get back the required attention and experienced rejection each time it attempted to hit $2. 

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After the recent listing on the Kelver exchange and multiple collaborations, Polygon has secured its place among the tokens with strong fundamentals. Bitwise Asset Management, the world’s largest crypto index fund manager, launched Polygon Fund recently. This intends to give exposure to the MATIC investors to a professionally managed investment tool. 

This is one of the most important steps in the MATIC price rally. With a wider exposure and adoption, the asset could reach higher levels during the upcoming bull run. As correctly said by the co-founder of Polygon, Sandeep Naiwal, this may allow the regulated institutional capital flow from the traditional markets called The Wall Street into MATIC!

Also Read: Polygon(MATIC) Price Accumulating Heavily, $2 May Be On The Cards Very Soon

MATIC Price Analysis

MATIC price is experiencing a roller coaster ride since the beginning of the present trading day. The price is undergoing a deep pump and dump of almost 5% since the early trading hours infusing extreme volatility. However, after experiencing rejection a couple of times around $1.6, the asset is attempting to pierce through these levels yet again. 

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The asset just broke the bull flag that it formed after the spike a couple of days before which was followed by a consolidation. The next strong resistance level appears to be around $1.74 achievable in a short while from now. The $2 could be just an inch distinct from the current levels later. 

Collectively, Polygon is on the road map of securing the highest positions with strong fundamentals and collaborations. Moreover, with the influx of Wall Street funds onto the network, MATIC price is ought to get a bigger boost. Therefore, in the upcoming days, one can expect a gigantic rally with a double-digit figure target soon. 

Also Read: Altseason To Get Kicked-Off Soon, Terra & Solana Price Surge On Decisive Levels

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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