MATIC’s Volume Surges 38% as Polygon's 2.0 Upgrade Draws Closer. Bullish Run Ahead?

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As Polygon’s highly anticipated 2.0 upgrade draws nearer, MATIC’s trading volume sees an impressive surge of 38%, catching the attention of investors and traders alike.

The impending upgrade is generating excitement in the cryptocurrency community, leading many to speculate on the potential for a bullish run in the MATIC token’s price.

MATIC has surged over 3% from its weekly low of $0.71 with a trading volume of $408 million.

Polygon Price Movement

Over the past 30 days, Polygon has demonstrated impressive growth, surging by 26.71%. Following a sharp spike that took the price to a yearly low of $0.515 on June 10, the price has since been showing a positive recovery.

Meanwhile, technical indicators signal potential bullish momentum and possible price increase as the asset shows a strong recovery.

Technical Analysis Using Indicators

As shown in the daily chart, Polygon coin ($MATIC) trades above the 50-Day Simple Moving Average (SMA) but below the 200-Day SMA indicator, suggesting a mixed or neutral trend.

The 50-Day SMA reflects short-term price movements, while the 200-Day SMA indicates longer-term trends. This scenario might indicate a potential short-term bullish run despite price trading below the 200-Day SMA.

Additionally, the asset’s Moving Average Convergence Divergence (MACD) trading above the signal with fading green candle suggests a bullish move but with low pressure.

However, the Relative Strength Index is 55.33, suggesting a neutral market.

Factors That Could Affect MATIC

MATIC’s ecosystem, Polygon Labs, has forwarded an expansion proposal to shake up the platform’s governance structure, supported by 3 “Major Pillars.”

On July 19, Polygon Labs forwarded a proposal intending to restructure the governance framework for its expansion in the Polygon 2.0 plan. All applications and blockchains operating on MATIC’s network will likely be counted in during this expansion.

Also, the proposal intends to democratize how updates and community engagement function on the platform.

According to the project’s team, “We’re proposing an effective framework for decentralized decision-making and ownership across all protocols and ecosystems on the Polygon network.”

Furthermore, this Polygon’s new governance framework, backed by three “major pillars, ” is tailored to specific ecosystem functions.

In detail, the first pillar aims to expand the Polygon Improvement Proposal (PIP), intending to allow users to propose and discover protocol updates for every app and blockchain running on the network.

Additionally, this first pillar would enable community members to research while providing future improvements that could become protocols.

The second pillar focuses on the System Smart Contracts Governance innovation. It aims to simplify the upgrade process for protocols or software integrated as smart contracts. Such modifications will be monitored by the Ecosystem Council, a group of prominent members elected by the community.

The focus of the third pillar is on the governance mechanism of the Community Treasury, supporting project funding while promoting the development of the Polygon network.

This pillar will be controlled by an autonomous Community Treasury Board, replacing the board with a community-driven driven board. The solutions and aims of this expansion plan are already triggering positive actions on the market value of Polygon (MATIC).

By the time Polygon’s expansion is complete, MATIC could encounter a dramatic surge in the wake of the news.

Experts’ Take on MATIC’s Price Outlook

Supporting the positive outlook of Polygon’s market, various crypto analysts and experts are predicting long-term bullish trends for the asset.

According to Changelly, Polgymatic (MATIC) is expected to rise by 6.3%, hitting a maximum price of $0.84, a minimum of $0.74, and an average of $0.82 by the end of July.

Changelly further predicts that by the end of 2023 (December), MATIC should increase by 29%, recording a minimum of $0.89, an average of $0.92, and a maximum of $1.02.

In 2025, Polygon (MATIC) should reach a minimum of $1.88 and a maximum of $2.31. during this year, the coin’s average price is predicted to be around $1.95.

Another crypto expert, CryptoNewsZ, forecasts that if MATIC upholds its bullish market sentiment, it should have a maximum price of $2.07 and a minimum of $0.85 by the end of 2023.

2025 MATIC’s maximum and minimum prices should reach $3.42 and $2.38, respectively.

YPredict (YPRED)

yPredict is a pioneering crypto platform with potent artificial intelligence (AI) algorithms, working with financial markets to offer conventional forecasting techniques in the crypto community.

The project allows investors to access the real-time prediction tools required for unlocking opportunities in the cryptocurrency market.

Investors employ algorithms because they are more efficient than human traders. Using artificial intelligence (AI), yPredict aims to provide traders with the technical knowledge required to make trading judgments.

With its exclusive features like practical tools, and trading channels, yPredict helps traders make better market decisions.

Features of yPredict

The yPredict features that make it popular in the crypto community involve;

YPredict analytics tools

yPredict offers users an analytics tool for market insights and analytics.

The tool helps traders and investors gain a competitive edge with comprehensive market insights, real-time data, and advanced charting functionalities.

Additionally, with YPredict analytics tools at your disposal, strategizing and executing successful trades has never been more intuitive and efficient.

AI marketplace

As part of the YPredict platform, the “AI marketplace” is a groundbreaking tool that harnesses the power of artificial intelligence for traders and investors.

This feature provides access to diverse AI-based trading algorithms and strategies developed by seasoned experts.

Through the AI marketplace, users can seamlessly integrate these advanced algorithms into their trading strategies, gaining a significant advantage in the market.

By leveraging the analytical prowess of AI, users can optimize their decision-making, enhance risk management, and potentially achieve more consistent and profitable outcomes in their trading endeavors.

yPredict algorithms

yPredict is open and explicit on the predictions production. On the contrary, traditional algorithms don’t offer extensive information. Investors can utilize yPredict algorithms to gain trustworthy insights into crypto analytics, weigh numerous projections, and implement various tactics to increase their income.

Price Prediction tool

Users benefit from the platform’s price prediction tool, enabled by artificial intelligence, for Bitcoin, Ripple, Ethereum, Solana, Arbitrum, and many others. According to reports, the prediction tool is helpful for new altcoins that go through significant price swings when published on cryptocurrency exchanges.

Technical Analysis Base

The technical analysis base, which can recognize more than 100 trading chart patterns, is another significant element that yPredict offers traders.

Therefore, it is possible to detect more than 100 graphic patterns. Additionally, traders can test over 100 trading indicators on crypto assets using the indicator analysis tool.

From this, users can get a basic picture of whether digital assets are bullish or bearish.

Market Sentiment Analysis

Additionally, investors get access to the project’s market sentiment analysis, which provides up-to-date news and comprehensive details on the coins.

This function is especially helpful given the tremendous influence that news and social media have on crypto assets, including popular alt currencies and meme coins.

yPredict Native Token

Payment for memberships and prediction models offered on the Marketplace can be accessed with $YPRED, a Polygon blockchain-based coin.

Additionally, your subscriptions on the yPredict platform will be available at three different levels such as free, active, and professional. With this, numerous functionalities are accessible to analysts, investors, and developers via membership tiers.

yPredict presale story

Currently, yPredict native coin has earned a soft cap of $3.0M, almost hitting its hard cap of $4.5M. The project is in its 7th presale stage with a price for 1YPRED is 0.1USD

The project is gaining the attention of investors across the globe, searching to invest in the fast-growing potential of billion dollars Artificial Intelligence ecosystem.

How to buy yPredict

To purchase yPredict coins while it is still in its presale, go to its website and follow a few simple procedures, which we have outlined below.

Create a software wallet compatible with Polygon (Metamask or Trust Wallet).
Next, go to the yPredict website, select the cryptocurrency you’ll use to make the payment, copy the wallet address, and move on to the next step.
Return to your wallet or exchange, click the send button, choose the cryptocurrency you want to use to make the payment, paste the wallet address, choose the amount, and click Send.
Go to your software wallet, click receive, then choose MATIC and copy the address after you have made the money.
Finally, paste the address into the box on the payment received page of the yPredict website.
You can visit the ypredict app once the presale ends and claim your token