Polygon (MATIC) Turns Bullish After Losing Streak – Is A 1,000% Rally Possible From Here?

Quick Summary:

Interestingly, crypto analyst World of Charts has predicted that Polygon could enjoy a 1,000% rally when this move happens.  Related Reading: AI Crypto Fetch.ai (FET) Makes Big Bounce’ – Volume Spikes Over 200% Ahead Of Merger Polygon To Rise To As High As $5 World of Charts predicted in an X (formerly Twitter) post that Polygon could rise to between $4 and $5 in the midterm.

One of these metrics is the large transactions, which have been on the rise recently, suggesting that crypto whales are actively accumulating the crypto token.  Furthermore, Polygon looks well positioned to enjoy a significant rally when the given altcoin season kicks off, considering that the Spot Ethereum ETFs are believed to be what will trigger this run for altcoins.

That means that the rally could begin in the Ethereum ecosystem, where Polygon remains one of the most prominent Ethereum-based tokens.  Time To Flip Bullish On Polygon Crypto analyst CrediBUL Crypto also recently suggested that Polygon’s bullish reversal was on the horizon.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: MATIC Cryptocurrency Market News Altcoins Polygon Price analysis Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-22 @ 18:00:23 (5 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 21338862

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