Bitcoin
BTC$22 794.78

-4.60%

Ethereum
ETH$1 553.83

-5.95%

Tether
USDT$1.000104

-0.01%

Binance Coin
BNB$304.99

-4.44%

USD Coin
USDC$0.999890

-0.03%

XRP
XRP$0.394508

-5.29%

Polygon (MATIC) Reviews for January 2023

MATIC Reviews Crypto enthusiast January 16, 2023
Two years ago, the Polygon team estimated that developing zk-Rollups with EVM compatibility would take up to ten years. Given the strides made, the team describes zkEVM as the end game, combining advances with layer-2 scalability and fast finality. This offers a myriad of benefits to users when adding greater throughput and lower fees. Cointelegraph also queried the difference between Polygon zkEVM and fellow Ethereum layer-2 scaling network StarkNet’s proprietary ZK-SNARK and ZK-STARK technology. As previously reported, Zero-Knowledge Scalable Transparent Argument of Knowledge, or zk-SNARKS, primarily increases scalability by batching thousands of transactions with a single proof to confirm validity on-chain. Schwartz said the main difference between the projects is that zkEVM focuses on natively scaling the Ethereum ecosystem instead of other zk-Rollups just scaling transactions and enhancing performance in a different VM format. Polygon’s approach purports to meet the classification of a type 2 zkEVM described by Ethereum co-founder Vitalik Buterin in August 2022. As per Buterin’s summary, type 2 zkEVMs aim to be fully compatible with existing applications, but make minor modifications to Ethereum for easier development and faster proof generation.

MATIC Reviews RealSatoshi January 16, 2023
Polygon takes zero-knowledge rollups to the final testnet to gauge the performance of its zkEVM ahead of eventual mainnet integration. MATIC is carrying out performance testing of zero-knowledge rollup (zk-Rollups) technology ahead of full integration with its mainnet. The development of the technology, called Polygon zkEVM (Ethereum Virtual Machine), has been ongoing for over three years by the Polygon Hermez team. The team has already confirmed that zero-knowledge proofs are possible on Ethereum by generating over 12,000 zk-Proofs in a primary version of the zkEVM testnet. David Schwartz, project lead of Polygon zkEVM and PolygonID, unpacked the development of the functionality in correspondence with Cointelegraph. Layer-2 platforms have continued to evolve and improve functionality which has played a key role in driving Ethereum’s scalability.

MATIC Reviews Archer May 17, 2022
Polygon and others extend helping hand to Terra blockchain projects. These efforts are sure to help get many Terra projects back on their feet following last week's devastating events. Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to save their communities and projects by migrating to other networks. In a move that is expected to benefit both the Polygon (MATIC) community and Terra projects, Polygon Studios' CEO Ryan Wyatt tweeted on Monday that Polygon is working with a number of Terra projects to assist them migrating to the Polygon Network. The Polygon community, according to Wyatt, "is ready to welcome the developers and communities of these Terra projects." He also stated that Polygon would provide the capital and resources needed to assist them in their migration.

MATIC Reviews Nick May 10, 2022
Polygon reaches level that last time triggered a 275% MATIC price rally. MATIC has rebounded sharply after testing the July 2021 support level, borrowing further upside cues from Polygon's partnership with Meta. Polygon (MATIC) price reversed course to the upside on May 10 after testing $0.794 as its interim support, thus rising by up to 25% to $0.99. The rebound occurred a day after the token slumped over 17% to reach $0.787, its lowest level since July 2021, amid a global market crash led by the U.S. Federal Reserve's hawkish policies. MATIC price rebounded after undergoing five days of relentless declines, attracting buyers around the same support level that had preceded a 275% bull run last year. A previous retest of the $0.787-level in July 2021 and the 0.786 Fib line (near $0.61) of the Fibonacci retracement graph — drawn from the $0.002-swing low to 2.86-swing high — followed up with MATIC rising to its record high of $3 by December 2021. Therefore, MATIC/USD might undergo a similar, sharp upside retracement in the coming weeks after rebounding from the same support confluence.

MATIC Reviews Crypto_Bro January 6, 2022
Polygon’s MATIC has been in an uptrend. The bulls attempted to push the price above the all-time high at $2.70 but failed. This suggests that bears are defending the overhead resistance aggressively. However, a positive sign is that bulls are buying the dips to the 20-week EMA ($1.62). This indicates that sentiment remains bullish and traders are accumulating on dips. The rising moving averages and the RSI near the overbought zone indicate that the path of least resistance is to the upside. The bulls will make one more attempt to push the MATIC/USDT pair above $2.70. If they manage to do that, the pair could start the next leg of the uptrend which could reach $3.28. A break and close above this level could extend the rally to $4 and eventually to $4.77. Contrary to this assumption, if the price turns down from the current level or the overhead resistance and plummets below the 20-week EMA, it will suggest that supply exceeds demand. If the price sustains below the 20-week EMA, the selling could pick up momentum and the pair could plummet to the 50-week SMA ($1.04).

MATIC Reviews MrBigMoney December 27, 2021
Polygon (MATIC) has been in a strong uptrend. Although bears posed a stiff challenge at $2.70, the bulls did not give up much ground and have pushed the price to a new all-time high today. If bulls sustain MATIC price above $2.70, the MATIC/USDT pair could start the next leg of the uptrend. The pair could first rise to $3.41 and if this level is crossed, the up-move may reach the psychological mark at $5. The upsloping 20-day EMA ($2.30) and the RSI in the positive territory suggest that bulls are in control. If the price turns down and breaks below the 20-day EMA, it will suggest that the current breakout was a bull trap. The pair could then drop to $2 and later to $1.73. After struggling to break out and sustain above $2.70 on three occasions, the bulls have finally managed to overcome the resistance. However, the bears are unlikely to give up easily and will again try to stall the up-move at the resistance line of the ascending channel. If the price turns down from the current level and breaks below the 20-EMA, the pair could drop to $2.42. This is an important support for the bulls to defend because if it cracks, the pair could plunge toward the 200-SMA. On the contrary, if bulls drive and sustain the price above the channel, the bullish momentum could pick up further.

MATIC Reviews MrBigMoney December 27, 2021
Polygon (MATIC) has been in a strong uptrend. Although bears posed a stiff challenge at $2.70, the bulls did not give up much ground and have pushed the price to a new all-time high today. If bulls sustain MATIC price above $2.70, the MATIC/USDT pair could start the next leg of the uptrend. The pair could first rise to $3.41 and if this level is crossed, the up-move may reach the psychological mark at $5. The upsloping 20-day EMA ($2.30) and the RSI in the positive territory suggest that bulls are in control. If the price turns down and breaks below the 20-day EMA, it will suggest that the current breakout was a bull trap. The pair could then drop to $2 and later to $1.73. After struggling to break out and sustain above $2.70 on three occasions, the bulls have finally managed to overcome the resistance. However, the bears are unlikely to give up easily and will again try to stall the up-move at the resistance line of the ascending channel. If the price turns down from the current level and breaks below the 20-EMA, the pair could drop to $2.42. This is an important support for the bulls to defend because if it cracks, the pair could plunge toward the 200-SMA. On the contrary, if bulls drive and sustain the price above the channel, the bullish momentum could pick up further.

MATIC Reviews Shantanio October 30, 2021
Polygon (MATIC) skyrocketed and closed above the overhead resistance zone at $1.71 to $1.79 on Oct. 28, which indicated the start of a new uptrend. Usually, after the price rises above a significant resistance, it turns down and retests the breakout level. The bulls will now try to flip the $1.79 to $1.71 zone into support and use it as a launchpad to resume the uptrend. A breakout and close above $2.22 could clear the path for a rally to $2.43 and eventually a retest of the all-time high at $2.70. The rising 20-day EMA ($1.65) and the RSI in the positive territory suggest that bulls are in control. This positive view will invalidate if bears pull and sustain the price below the 20-day EMA. Such a move will indicate that the recent break above $1.79 may have been a bull trap. The 4-hour chart shows the price has dipped to the 50-SMA, which is likely to act as a strong support. If bulls drive the price above the downtrend line, it will suggest that the selling pressure may be reducing. Alternatively, if the price breaks below the 50-SMA, the pair could drop to $1.71. This level is again likely to act as a strong support but if it cracks, the selling could intensify. The pair could thereafter drop to $1.50.

MATIC Reviews Know1tAll July 19, 2021
Polygon (MATIC) has been correcting for the past few days and the price has reached the strong support zone at $0.74 to $0.68. The bulls are likely to defend this zone aggressively. Although the moving averages are sloping down, the RSI is attempting to rebound off the oversold territory. This suggests that aggressive bulls are attempting to start a relief rally. The first resistance on the upside is the 20-day EMA ($1). If the price turns down from this level and breaks below the support zone, the downtrend could resume and the MATIC/USDT pair may drop to $0.54 and then $0.34. Alternatively, if bulls propel the price above the 20-day EMA, the pair could rise to the 50-day SMA ($1.26). A break above this resistance could open the doors for an up-move to $1.71. The rebound off $0.78 is facing resistance at the 20-EMA on the 4-hour chart. This suggests that bears are unwilling to let go of their advantage and are selling on rallies. The bears will now try to sink the pair to $0.74. Conversely, if the price turns up from the current level, the bulls will once again try to push the price above the 20-EMA. If they manage to do that, the pair could rise to the 50-SMA. Above this resistance, the relief rally may reach $1.05.

MATIC Reviews Know1tAll May 27, 2021
Polygon (MATIC) skyrocketed 30% to rank 11th on CoinGecko on the back of news. Polygon has outperformed most other assets in the cryptocurrency market over the past week. In 30 days, its price has risen by 500%, and since the beginning of the year, more than 100 times. According to a recent report by DappRadar, Polygon's user base grew by 75,000 wallets over the week, reflecting strong demand for the project's services. At the same time, the platform's turnover increased by almost $ 1 billion, and the number of monitored decentralized applications - from 61 to 93. Crucially, 46 out of 93 decentralized applications belong to the category of DeFi and exchanges. At the end of April, Polygon was supported by the DeFi protocol mStable, and later it was joined by the 1inch decentralized exchange aggregator. At $ 7.3 billion, Polygon ranks fourth in terms of assets blocked, according to DeFi Pulse.

* Crypto Rating accepts no liability for content of the Polygon reviews made by the site users. The entire responsibility for the contents rests with the authors.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 60.4% 84 $22 794.78 -4.60% 0.16% $439 421 744 135 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.4% 84 $1 553.83 -5.95% -3.88% $190 147 661 417 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000104 -0.01% 0% $67 783 099 946 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 65.6% 66 $304.99 -4.44% 0.23% $48 158 717 061 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92% 1 $0.999890 -0.03% -0.01% $42 871 511 347 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 65.6% 68 $0.394508 -5.29% -7.09% $20 042 407 520 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000163 -0.07% 0.02% $15 378 516 452 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 62.8% 76 $0.372102 -6.15% -0.25% $12 872 392 418 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 64.4% 68 $0.086947 -3.87% -0.56% $11 535 298 125 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 63.6% 77 $1.085935 -8.18% 10.16% $9 484 901 320 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 54.8% 91 $23.55 -10.47% -2.36% $8 752 068 592 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 58.4% 85 $6.14 -8.11% -7.79% $7 076 486 593 DOT 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 69.2% 63 $90.05 -7.19% 0.74% $6 498 956 549 LTC 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 60% 81 $20.20 -3.78% 14.48% $6 357 771 856 AVAX 7 days price change

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