MATIC (Polygon) Coin Analysis 01/04/2022Fundamental Analysis:
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.
Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.
Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.
Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.
The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain.
MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.
Polygon is self-described as a Layer 2 scaling solution, which means that the project doesn’t seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions.
Polygon uses a customized version of the Plasma framework which is built on proof-of-stake checkpoints that run through the Ethereum main-chain. This unique technology allows each sidechain on Polygon to achieve up to 65,536 transactions per block.
Commercially, the sidechains of Polygon are structurally designed to support a variety of decentralized finance (DeFi) protocols available in the Ethereum ecosystem.
While Polygon currently supports only Ethereum basechain, the network intends to extend support for additional basechains, based on community suggestions and consensus. This would make Polygon an interoperable decentralized Layer 2 blockchain platform
Polygon (MATIC) London Hard Fork and EIP-1559 Upgrade
Polygon announced the much-anticipated London Hard Fork and Ethereum Improvement Proposal (EIP) 1559 upgrade will go live on the mainnet on Jan. 18, 2022. The upgrade will completely change the way the fee mechanism works on the Ethereum network — it eliminates first-price auction as the main fee calculation mechanism and instead uses a base fee that is burned, instead of sent to miners. Although it does not lower transaction fees, it makes it more stable, allowing users to estimate costs better and reduce overpayment.
However, as MATIC tokens are burned as base fees — and MATIC has a fixed supply of 10 billion tokens — it will have a deflationary effect on the digital asset. Polygon’s core team projected an annual burn of MATIC amounting to 0.27% of the token’s total supply — around 27 million tokens. This deflationary pressure will most likely benefit validators and delegators the most, as rewards for processing transactions on Polygon are denominated in MATIC. Furthermore, base fee will increase automatically once the block is filled up, resulting in fewer spam transactions and less network congestion. Ethereum mainnet’s London Hard Fork went live on Aug. 5, 2021.
As a Layer 2 solution utilizing a network of proof-of-stake validators for asset security, staking is an integral part of the Polygon ecosystem. Validators on the network will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return.
Members of the network who do not wish to become validators can delegate their MATIC tokens to another validator, but will still take part in their staking process and earn staking rewards.
In addition to the proof-of-stake checkpointing, Polygon uses block producers at the block producer layer to achieve a higher degree of decentralization. These block producers give finality to the main chains using checkpoints and fraud-proof mechanisms.
Polygon (formerly Matic Network) was launched in October 2017. Polygon was co-founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, two experienced blockchain developers and a business consultant.
Before moving to its network in 2019, the Polygon team was a huge contributor in the Ethereum ecosystem. The team worked on implementing the Plasma MVP, the WalletConnect protocol and the widely-used Dagger event notification engine on Ethereum.
The team included co-founder of Polygon, Jaynti Kanani. Jaynti, a full-stack developer and blockchain engineer currently serves as the CEO of Polygon.
Jaynti played an integral role in implementing Web3, Plasma and the WalletConnect protocol on Ethereum. Prior to his blockchain involvement, Jaynti worked as a data scientist with Housing.com.
Co-founder and chief operations officer of Polygon, Sandeep Nailwal is a blockchain programmer and entrepreneur. Before jointly starting Polygon (formerly Matic), Sandeep had served as the CEO of Scopeweaver, and the chief technical officer of Welspun Group.
Anurag Arjun is the only non-programming co-founder of Polygon. As a product manager, he has had stints with IRIS Business, SNL Financial, Dexter Consultancy and Cognizant Technologies.
MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 7.70B MATIC tokens and a max supply of 10,000,000,000 MATIC tokens.
At its initial private sale in 2017, 3.8 percent of MATIC’s max supply was issued. In the April 2019 launchpad sale, another 19 percent of the total supply was sold. The MATIC price was $0.00263 per token, and $5 million was generated.
The remaining MATIC tokens are distributed as follows:
Team tokens: 16 percent of the total supply.
Advisors tokens: 4 percent of the total supply.
Network Operations tokens: 12 percent of the total supply.
Foundation tokens: 21.86 percent of the total supply.
Ecosystem tokens: 23.33 percent of the total supply.
According to the release schedule, all the tokens will be released by December 2022.
The current CoinMarketCap ranking is #16, with a live market cap of $12,427,307,622 USD. It has a circulating supply of 7,701,069,511 MATIC coins and a max. supply of 10,000,000,000 MATIC coins.
We have already done the Analyzed MATIC Market Cap Technically:
Technical Analysis:
There exist a Hidden Bullish Divergence of Price Value and MACD which is the Sign of Bullish Trend Continuation and development of new Cycle with new ATH.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some value correction and Reaccumulations, on its Up Formation rally.
Currently the Total price Value is at 38.2% Fibonacci retracement level, it means, it has broken many resistance levels and had rechecked them backed and it has been Proved to be the support areas.
Probably we may not again see the 61.8% Fib or bellow...
Our Past Analysis on this Asset:
Initial Acquisition:
Reacquisition:
Maticnetwork
#MATICUSDT looks prime for 120% Rally!Welcome to MATIC/USDT 1D update by CRYPTOSANDERS
I have tried my best to bring the best possible outcome in this chart.
I will keep it short and clear
MATIC/USDT broke the triangle pattern and bounced but yet to retest so here we are expecting that it will move done to retest which is marked as a green zone at the above mentioned chart.
If it retest then the green zone will be the zone to go long for long term hold.
After confirmation we are expecting that MATIC/USDT can pump almost 116%.
entry:-$1.46,$1.69
target:-116%
stop-loss:-$1.33
with laverage 5x to 10x
Sorry for my English it is not my native language.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
How high can Polygon Price reach in 2022?Polygon (MATIC) is a scaling solution for Ethereum, hence its price is significantly influenced by what is going on there. In the coming weeks, Ethereum 2.0 should be released there. This could result in enormous price increases for Ethereum and Polygon in the coming months. There are, nevertheless, a number of unsolved questions. Another scaling solution may become obsolete as a result of Ethereum 2.0. Polygon, on the other side, is trying to make Ethereum a multichain network and to provide a solution for the Ethereum blockchain that is similar to Polkadot.
Bullish Scenario: MATIC might retrace back to support levels $1.63. After retracements, if MATIC manages to break above the resistance level at $1.78 then it would be bullish. Breaking above the $1.91 price level with significant buying volume will lead to a move towards $2.10 and higher.
Bearish Scenario: MATIC has been in a downtrend since the last few months so we don’t have a strong bullish bias for long-term yet. If the support level $1.53 doesn’t hold then it will drop further towards $1.44, $1.31 and below sooner or later.
MATIC Network (Polygon) Token Analysis 31/03/2021 Fundamentals:
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.
Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.
Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.
Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.
The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain.
MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.
Polygon is self-described as a Layer 2 scaling solution, which means that the project doesn’t seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions.
Polygon uses a customized version of the Plasma framework which is built on proof-of-stake checkpoints that run through the Ethereum main-chain. This unique technology allows each sidechain on Polygon to achieve up to 65,536 transactions per block.
Commercially, the sidechains of Polygon are structurally designed to support a variety of decentralized finance (DeFi) protocols available in the Ethereum ecosystem.
While Polygon currently supports only Ethereum basechain, the network intends to extend support for additional basechains, based on community suggestions and consensus. This would makePolygon an interoperable
As a Layer 2 solution utilizing a network of proof-of-stake validators for asset security, staking is an integral part of the Polygon ecosystem. Validators on the network will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return.
Members of the network who do not wish to become validators can delegate their MATIC tokens to another validator, but will still take part in their staking process and earn staking rewards.
In addition to the proof-of-stake checkpointing, Polygon uses block producers at the block producer layer to achieve a higher degree of decentralization. These block producers give finality to the main chains using
MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 4,877,830,774 MATIC tokens and a max supply of 10,000,000,000 MATIC tokens.
At its initial private sale in 2017, 3.8 percent of MATIC’s max supply was issued. In the April 2019 launchpad sale, another 19 percent of the total supply was sold at $0.00263 per token to generate $5 million.
The remaining MATIC tokens are distributed as follows:
Team tokens: 16 percent of the total supply.
Advisors tokens: 4 percent of the total supply.
Network Operations tokens: 12 percent of the total supply.
Foundation tokens: 21.86 percent of the total supply.
Ecosystem tokens: 23.33 percent of the total supply.
According to the release schedule, all the tokens will be released by December 2022.
Polygon (formerly Matic Network) was launched in October 2017. Polygon was co-founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, two experienced blockchain developers and a business consultant.
Before moving to its network in 2019, the Polygon team was a huge contributor in the Ethereum ecosystem. The team worked on implementing the Plasma MVP, the WalletConnect protocol and the widely-used Dagger event notification engine on Ethereum.
The team included co-founder of Polygon, Jaynti Kanani. Jaynti, a full-stack developer and blockchain engineer currently serves as the CEO of Polygon.
Jaynti played an integral role in implementing Web3, Plasma and the WalletConnect protocol on Ethereum. Prior to his blockchain involvement, Jaynti worked as a data scientist with Housing.com.
Co-founder and chief operations officer of Polygon, Sandeep Nailwal is a blockchain programmer and entrepreneur. Before jointly starting Polygon (formerly Matic), Sandeep had served as the CEO of Scopeweaver, and the chief technical officer of Welspun Group.
Anurag Arjun is the only non-programming co-founder of Polygon. As a product manager, he has had stints with IRIS Business, SNL Financial, Dexter Consultancy and Cognizant Technologies.
Technical Analysis:
the price is in the retracement phase and soon will start its impulsive wave,
there are total of 2 Targets defined by the Fibonacci expansion of the previews Bullish wave,
the 1 TP is 127%
the 2 TP is 161.8%
MATICUSDT - SETUPMATICUSDT price has just broken the bearish trend and price is retesting, if bulls come back with a stronger attitude we could see a good upside rally, so buying some MATIC at this level will be a good strategy.
Matic Gaussian ChannelSuggesting a recovery at the top of this channel indicator
This recover is post a Rising Wedge formation which is considered a bearish formation, and can be seen to play the part briefly here
MATICUSDT - SETUPMATICUSDT price currently moving in a rectangular box and showing an accumulation sign. There is some indication that Matic printed its bottom as Harmonic Patterns suggested by completing parameters. Price could move in a range for a few more sessions and then possibly a big move can create by the bulls. So buy on dips and trade accordingly.
MATIC head and shoulders patternLooking at the head and shoulders bearish chart pattern that Polygon MATIC formed, and the market conditions, my price target is the $0.87 support.
Looking forward to read your opinion about it.
MATIC/USDT Still 15x Potentail from this support?#MATIC/USDT TA update:-
$Matic still holding $1.40 support level.
Guys Honestly if hold this support then we can see $3 next Target and $5 also in the coming days.
A very important level is $1.10-$1.20
In simple IMO I will hold above $1
I am supper bullish above $1
And In near future we can see $MATIC price could be $10
Support:- $1-$1.20
Resistance:- $3/$5
Matic Price Targets and Stop LossEntry Range: $1.45 - 1.55
Price Target 1: $1.72
Price Target 2: $1.93
Price Target 3: $2.15
Stop Loss: $1.33
Polygon (MATIC) Buy ZonePolygon (MATIC) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Long-Term : Bullish
Risk : Medium
Polygon rejected $1.6 zone on its short-term rates, currently reaching between entry zone and last targets. Strong support currenlty at $1.4 zone which must be held on the 4 hours timeframe to confirm such a move above our trendline.
--------------------
$MATIC/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 1.48 - 1.4
TP 1 : 1.525
TP 2 : 1.56
TP 3 : 1.61
TP 4 : 1.67
TP 5 : 1.73
TP 6 : 1.79
TP 7 : 1.87
TP 8 : 1.98
Stop Loss : 1.28
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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MATIC - Is this a good time to buy?A large trading range can be identified on the MATIC chart. After the price collected liquidity above the $2 level, a correction to the $1.5 level occurred. The price has now approached a key level, which is the middle of the trading range. In case of a squeeze and breakdown of the key level, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
MATIC , Ascending channel 💹MATIC NETWORK
As you can see, Metic is in an upward channel and is trying to maintain this channel and move away from the bottom of the channel.
If Bitcoin does not lose 40k, it is expected that Metic will move upwards and the targets will jump to $2.1 after breaking the $1.7 - $1.8 area.
The information is also visible on the chart
All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
⚠️ This Analysis will be updated ...
📊 #MATICUSDT ( Matic Network )
💹 Time Frame : Daily
👤 Saeid.Mahbob
📅 15.Feb.22
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
MATICUSD AnalysisRising wedge has led to a breakdown back to 0.786, which is a good place for a potential reversal
I would like to see a sort of cup (like on a cup and handle) form following the rising wedge, this places it in a very bullish position
I am hodling MATIC currently
Reversal at 0.786 plz!
MATIC, where is a good time to buy?In the last idea, we said that a break of the trend line and the $1.76 level could be a good buying opportunity.
After breaking the upper boundary of the range, the price went up almost 20% and tested the resistance zone. There was also a lot of volume at the top. This is a bad signal. As a result, we see a small pullback.
It is dangerous to buy now after such a strong rise. We should wait for a correction or a clear trading situation. The marked big value area is at the bottom. A test of this area as support could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
MATIC - Watching closelyMATIC looking poised to make a move. Potential cup and handle forming on long term BTC chart. Confirmation and subsequent breakout of this pattern could lead to a significant break out above $3 on the $ chart. $ chart itself is forming somewhat of a C&H, maybe more of an ascending triangle. Watch for possible breakout.
MATIC, trendline breakout as a good buying opportunity!A trend line can be identified on the MATIC chart. It is also worth noting that volumes appeared at the bottom during the fall. This is a good signal. In case of a squeeze and a breakout of the trend line, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
MATIC inside weekly ascending parallel channel#MATIC/USDT
$MATIC is inside weekly parallel channel, and price is above lower line of this channel and near to break out from descending resistance line.
🐮 success to break out from descending resistance will head up price to resistance zone around $1.95 and it can have more increase to middle line of channel that is the same with resistance zone between $2.25 and $2.45.
🐻 rejection from descending resistance will drop price to support zone between $1.49 and $1.33
MATICUSD Nice 50MA BuyBuy as the price touches the 50MA
previously 50MA seen as a point of upward rejection
I am long MATIC/Polygon
MATIC LONG TO $1.85A quick analysis on MATIC using both wave theory, Fibonacci analysis :
Looks like we are in A-B-C correction, subwave 4 of the 5 wave series for Ethereum A-B-C irregular correction
Macro-level
In a complex A-B-C correction
W(A) in orange
W(B) is Blue
Wave(C) is a 5 wave in purple
Micro-level
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1) since we are in Wave (C) its going to be a 5 wave structure. I guess we are just completing W(1) in Wave(C)
2) sw(2) in W(C) went back to $2.46
3) sw(3) in W(C) went to 1.3
4) Sw(4) might go up to 1.85 before it goes down on a sub wave (5)
We need to see if this is going to be an irregular running flat or a normal irregular correction
Appreciate feedback
#MATIC approaching targets#Matic as ive seen has hammer so its low is the SL which is 1.521 initial buy levels are 1.560 targets of 1.667
