Polygon Poised for Macro Uptrend Amid Major Developments: Will MATIC Rally Following November 14?
MATIC, the native token of Ethereum scaling solution Polygon, appears primed for a sustained macro uptrend amid a series of major ecosystem developments and teases of significant announcements on the horizon.
MATIC has already been on an impressive run, gaining 36.9% over the past 14 days. But according to widely-followed analyst Rekt Capital, MATIC now stands on the cusp of kicking off a new overarching bull market. MATIC is also up by 5% in the last 24 hours.
Momentum for MATIC intensified after Polygon co-founder Sandeep Nailwal posted a cryptic tweet urging the community to mark their calendars for November 9th and November 14th for important announcements. This sparked intense speculation about what surprise developments could be in store.
While the November 9th news turned out to be a partnership with Near Protocol focused on boosting blockchain interoperability, Nailwal confirmed this was not the major announcement he had previously teased.
Whatever ends up being revealed on November 14th, the preceding Near Protocol integration still marked a significant milestone. Improving connectivity between Polygon and other chains expands the possibilities for Ethereum scaling and cements MATIC’s role as a critical infrastructure project.
Read also:
- Bitcoin, MATIC and These Altcoins Are Top Cryptos to Watch This Week
- Dogecoin Devotees Pivot to This New Memecoin, Eyeing a Fresh Financial Frontier
- How Taraxa (TARA) Could Mirror Kaspa’s Parabolic Success
With fundamentals firming up and anticipation running high, MATIC appears primed technically as well for a sustained move higher, with its price consolidating into a bull flag over the past month. The stars seem aligned for a major upside breakout as MATIC transitions into a full-fledged macro uptrend. Crypto investors will be closely tuned into the November 14th announcements for a potential catalyst.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
