Polygon Price Analysis: Will MATIC Price Bounce Out of Retracement or Is Polygon Price Going to Zero?
Recently, the price of Polygon’s native token, MATIC, has experienced a 15% drop, leading some investors to worry if Polygon’s price will plummet to zero. However, this decline comes as the emerging crypto city of Lugano integrates Polygon infrastructure for its stablecoin. Despite the retracement in price, market sentiment remains high, especially with the anticipation of Polygon 2.0.
Currently, MATIC is trading at $0.7725, just below the vital rally support from the 20DMA at $0.81. This downward move has caused concern among investors. However, lower support at $0.71 has temporarily halted further decline. The RSI indicator suggests that there is still potential for upside movement, although the MACD shows minor bearish divergence.
In conclusion, while there is short-term risk for MATIC’s price, it is unlikely to go to zero anytime soon. There is a possibility of a bounce back if resistance at the 20DMA is broken.
Polygon Price Retracement Alternative? Don’t Miss Bitcoin Minetrix Presale As Almost $4.25M Raised
Amidst the retracement in Polygon’s price, an exciting opportunity for quick gains has emerged in the Bitcoin Minetrix presale. This project aims to democratize Bitcoin mining for investors by offering a stake-to-mine system. The presale has already raised over $4.25 million.
Bitcoin Minetrix provides a platform where users can buy and stake tokens to earn rewards. It offers a lucrative staking APY of 141% and makes passive income in the crypto world more accessible than ever before.
By eliminating the need for heavy initial capital and complex mining contracts, Bitcoin Minetrix opens up new possibilities for retail investors to participate in Bitcoin mining.
Bitcoin Minetrix Smashes $4.28M Raised as Traders Rally Against Bitcoin Mining Centralization
The increasing centralization of Bitcoin mining has become a concern for the crypto community. Currently, two mining pools control over 55% of all Bitcoin block rewards, highlighting the growing challenge of mining centralization. This centralized power goes against the original vision of decentralization put forth by Satoshi Nakamoto.
As Bitcoin’s network hash rate reaches an all-time high, making it harder for individual miners to be profitable, there is a need for new solutions. Bitcoin Minetrix aims to address this challenge by providing secure and transparent Bitcoin mining rewards through a decentralized cloud mining approach.
With distinctive advantages in the market, such as operating on the Ethereum blockchain and championing true decentralization, Bitcoin Minetrix offers retail investors an opportunity to participate in Bitcoin mining while preserving network decentralization.
Key Highlights of the BTCMTX Advantage Over Celestia Price Retracement:
- Distinctive Edge in the Market: As the first-ever tokenized Bitcoin cloud mining initiative, Bitcoin Minetrix sets a new standard in the industry with its automated system for cloud-based mining.
- Safety First with Ethereum Blockchain: By operating on the Ethereum blockchain, Bitcoin Minetrix ensures top-notch security and reliability, mitigating risks associated with external mining pools and fraudulent services.
- Championing True Decentralization: Upholding the ethos of decentralization, Bitcoin Minetrix redistributes mining profits from big corporations to individual retail investors through its Stake-to-Mine system.
- Tapping into the Bitcoin Halving Opportunity:
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