Polygon 2.0 upgrade brings a 38% volume increase for MATIC. Bullish Run Ahead?

A surge of 38% in MATIC’s trading volume is being noticed by investors and traders as Polygon’s 2.0 upgrade nears.

The cryptocurrency community is excited about the upcoming upgrade, fueling speculations of a bullish run for the MATIC token’s price. Surging over 3% from its weekly low of $0.71 and boasting a significant trading volume of $408 million, investors eagerly await the potential gains ahead.

Movement of Polygon Price

In the last month, Polygon has exhibited remarkable progress, witnessing a surge of 26.71%. Despite experiencing a significant spike that led to a yearly low of $0.515 on June 10, the asset has displayed a promising rebound.

Encouragingly, technical indicators are pointing towards potential bullish momentum, hinting at a possible price increase in the near future as the asset’s recovery gains strength. Investors closely monitor the positive signs, anticipating further growth in Polygon’s value.

Indicators for Technical Analysis

The daily chart analysis of the Polygon coin ($MATIC) shows that it is currently positioned above the 50-Day Simple Moving Average (SMA), indicating short-term bullish sentiment. However, it remains below the 200-Day SMA, signaling a more uncertain long-term trend.

The Moving Average Convergence Divergence (MACD) shows a bullish move, supported by the fading green candle, though the low pressure suggests cautious optimism. Despite these positive signals, the Relative Strength Index (RSI) at 55.33 points toward a neutral market outlook.

The combination of indicators suggests a mixed or neutral trend, and investors should exercise caution in their trading decisions.

MATIC: Factors that Could Affect it

Polygon Labs, the ecosystem behind MATIC, is gearing up for a significant transformation through its Polygon 2.0 plan. The proposed expansion revolves around three central pillars, with the primary goal of restructuring the platform’s governance framework.

This move aims to democratize decision-making and ownership across all protocols and ecosystems on the Polygon network. The first pillar seeks to enhance the Polygon Improvement Proposal (PIP) process, allowing users to propose and discover updates for apps and blockchains.

The Ecosystem Council will oversee upgrading System Smart Contracts in the second pillar. The third pillar targets the Community Treasury’s governance mechanism to support project funding and promote Polygon’s development. This ambitious plan has already piqued the market’s interest, with MATIC’s value poised to soar upon the successful completion of Polygon’s expansion.

MATIC’s Price Outlook: Experts’ Views

The future of Polygon’s market appears to be optimistic, as numerous crypto analysts and experts are voicing their support for long-term bullish trends in the asset.

According to Changelly’s predictions, Polgymatic (MATIC) is anticipated to experience a gradual rise, with an estimated 6.3% increase by the end of July, reaching a maximum price of $0.84, a minimum of $0.74 and an average of $0.82.
Looking ahead to December 2023, Changelly foresees a more significant surge of 29% for MATIC, projecting a minimum price of $0.89, an average of $0.92, and a maximum of $1.02. The positive outlook extends to 2025, with Polygon (MATIC) expected to attain a minimum of $1.88 and a maximum of $2.31.

During this period, the average price of the coin is forecast to be approximately $1.95.
Added to the favorable sentiment, CryptoNewsZ predicts that if MATIC maintains its bullish momentum, it could reach a maximum price of $2.07 and a minimum of $0.85 by the end of 2023.

By 2025, the coin’s value is expected to reach a high of $3.42 and a low of $2.38, indicating an encouraging outlook for Polygon’s market performance in the coming years.

YPredict (YPRED)

YPredict stands at the forefront of the crypto revolution as a groundbreaking platform, harnessing the power of cutting-edge artificial intelligence (AI) algorithms to revolutionize how financial markets interact with the burgeoning crypto community.

By seamlessly integrating conventional forecasting techniques with advanced AI capabilities, yPredict offers investors access to real-time prediction tools, opening the doors to countless opportunities in the dynamic cryptocurrency market.

Recognizing the undeniable efficiency of algorithms over human traders, the platform empowers investors with unparalleled technical knowledge, enabling them to make informed and timely trading decisions. With its array of exclusive features, including practical tools and dedicated trading channels, yPredict empowers traders to confidently navigate the complexities of the market and make astute market decisions.

As the crypto landscape evolves, yPredict remains steadfast in its commitment to providing investors with the tools they need to thrive in this ever-changing financial frontier.

An Overview of the Presale for yPredict

Amidst its 7th presale stage, yPredict’s native coin has already reached a remarkable soft cap of $3.0M and is swiftly approaching its impressive hard cap of $4.5M. With a 1YPRED price set at 0.1USD, the project attracts investors worldwide, drawn by the promising growth prospects within the billion-dollar Artificial Intelligence ecosystem.

The features of yPredict

yPredict has quickly gained popularity within the crypto community due to its remarkable features designed to enhance trading and investment strategies. One of its key offerings is the analytics tool, providing traders and investors with a competitive edge through real-time market insights and advanced charting capabilities.

This tool makes strategizing and executing successful trades more intuitive and efficient.
The revolutionary “AI marketplace” is another standout feature of yPredict. This tool leverages the power of artificial intelligence, offering access to various AI-based trading algorithms and strategies developed by seasoned experts.

By integrating these algorithms into their trading strategies, users gain a significant advantage in the market, optimizing decision-making and risk management for more consistent and profitable outcomes.
The platform’s yPredict algorithms are open and transparent, allowing investors to gain trustworthy insights into crypto analytics and implement various tactics to increase their income.

The AI-powered price prediction tool is also useful for predicting price swings, especially for new altcoins entering crypto exchanges.
For technical analysis, yPredict offers an impressive database capable of recognizing over 100 trading chart patterns and an indicator analysis tool to test over 100 trading indicators on crypto assets. This enables users to clearly understand whether digital assets are bullish or bearish, aiding them in their trading decisions.
Market sentiment analysis is another valuable feature, providing up-to-date news and comprehensive details on various coins. Given the influence of news and social media on crypto assets, this analysis tool is particularly helpful for tracking popular alt currencies and meme coins.

To access the platform’s features, users can make use of the yPredict Native Token ($YPRED), a Polygon blockchain-based coin, for payment of memberships and prediction models available on the marketplace.

The platform offers different membership tiers, including free, active, and professional, with each tier providing access to various functionalities for analysts, investors, and developers.

In conclusion, yPredict’s diverse set of tools and features has made it a favored platform in the crypto community, empowering traders and investors with the resources they need to make informed decisions and stay ahead in the ever-evolving cryptocurrency market.