{"id":432770,"date":"2023-08-24T13:27:12","date_gmt":"2023-08-24T13:27:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=432770"},"modified":"2024-06-03T13:15:40","modified_gmt":"2024-06-03T13:15:40","slug":"polygon-price-prediction-matic-flat-after-10-drop-is-the-worst-over","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/polygon-price-prediction-matic-flat-after-10-drop-is-the-worst-over","title":{"rendered":"Polygon Price Prediction: MATIC Flat After 10% Drop – Is The Worst Over?"},"content":{"rendered":"

Polygon (MATIC<\/a>) price moves horizontally, flat if you would have it, after a 10% drop. The altcoin seems to be missing out on the uptick that Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>) are currently nurturing. MATIC is among the three assets the US Securities and Exchange Commission (SEC) branded as securities. Cardano (ADA) and Solana (SOL) make the other two.<\/p>\n

Nevertheless, after BTC found support at $25,174, ADA<\/a> and SOL<\/a> moved north, recording 3% and 5% upticks, respectively. Meanwhile, MATIC is up a meager 0.51% and remains 10% lower than its market value seven days ago.<\/p>\n

It is worth mentioning that altcoins are also recording notable upticks, stewarded by Ethereum, the largest altcoin by market capitalization. For Ether, the uptrend comes as optimism about the US SEC approving ETH futures Exchange Traded Fund (ETF) continues to grow.<\/p>\n

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This not surprising to us, we had said they would approve Ether Futures early on in race. Nice to be validated. Now what does it mean for spot? Hard to say beyond it shows that their views\/policy\/tolerance can change. https:\/\/t.co\/JXCxNUpj2U<\/a><\/p>\n

— Eric Balchunas (@EricBalchunas) August 17, 2023<\/a><\/p><\/blockquote>\n