{"id":434740,"date":"2023-08-30T12:26:25","date_gmt":"2023-08-30T12:26:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=434740"},"modified":"2023-08-30T12:26:25","modified_gmt":"2023-08-30T12:26:25","slug":"stader-maticx-price-prediction-maticx-climbs-to-0-62-whats-driving-the-surge","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/stader-maticx-price-prediction-maticx-climbs-to-0-62-whats-driving-the-surge","title":{"rendered":"Stader MaticX Price Prediction: MATICX Climbs to $0.62 \u2013 What&#8217;s Driving the Surge?"},"content":{"rendered":"<p>Stader MaticX (MATICX) price recorded a 12% surge to an intra-day high of $0.6507 between August 26 and 29. The token has maintained a steady uptrend for the past week, recording higher highs and higher lows.<\/p>\n<h2>What is Stader MaticX?<\/h2>\n<p>Stader is a liquid staking protocol that has collaborated with several ecosystems since its inception. The staking token for this protocol is X. This means its partners, Ethereum, <a href=\"https:\/\/insidebitcoins.com\/news\/polygon-price-prediction-matic-poised-to-breach-0-60-how-high-can-it-go\" target=\"_blank\" rel=\"noopener\">Polygon<\/a>, Hedera, and others, would be the X symbol. Ethereum becomes ETHX, while Polygon becomes MATICX.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Half of Stader's TVL is in <a href=\"https:\/\/twitter.com\/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MATIC<\/a><\/p>\n<p>With <a href=\"https:\/\/twitter.com\/search?q=%24HBAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HBAR<\/a> and <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> contributing 20% and 13% respectively. <\/p>\n<p>For a liquid staking protocol they support a pretty diverse set of chains that also includes Fantom, BNB and Near.<\/p>\n<p>Stader's staking token is X, so ETH becomes ETHX, MATIC becomes&hellip; <a href=\"https:\/\/t.co\/BW3LNFquKG\">pic.twitter.com\/BW3LNFquKG<\/a><\/p>\n<p>&mdash; TheCryptoJourno &#128373;&#127995;&zwj;&#9794;&#65039; (@ZacharyColbert) <a href=\"https:\/\/twitter.com\/ZacharyColbert\/status\/1685265508193472512?ref_src=twsrc%5Etfw\">July 29, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It is worth noting that Polygon (MATIC) accounts for around 50% of the Stader network&rsquo;s total value locked (TVL). Ethereum (<a href=\"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-eth-defends-1650-support-bulls-in-control\" target=\"_blank\" rel=\"noopener\">ETH<\/a>) and Hedera (<a href=\"https:\/\/insidebitcoins.com\/news\/hedera-price-prediction-hbar-falls-after-short-lived-rally-whats-behind-the-momentum\" target=\"_blank\" rel=\"noopener\">HBAR<\/a>) comprise 13% and 20%, respectively. This is expected, considering liquid staking protocols tend to support multiple chains.<\/p>\n<p>The project offers users a chance to stake and earn staking rewards. This is achieved thanks to the Stader network&rsquo;s liquidity staking token, X. For Polygon, this is MaticX. Users can access instant liquidity on the Polygon ecosystem with the openness to explore exciting opportunities in decentralized finances (<a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-defi-coins\" target=\"_blank\" rel=\"noopener\">DeFi<\/a>).<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Stader&rsquo;s staking solution for Polygon is MATICX, a liquid staking solution for MATIC. Stader lets users earn MATIC staking rewards <a href=\"https:\/\/t.co\/1i5UKitfsH\">https:\/\/t.co\/1i5UKitfsH<\/a> <a href=\"https:\/\/twitter.com\/stader_polygon?ref_src=twsrc%5Etfw\">@stader_polygon<\/a> <a href=\"https:\/\/t.co\/QqAGfcPGEl\">pic.twitter.com\/QqAGfcPGEl<\/a><\/p>\n<p>&mdash; Nir Jatyp (@M1ckyRen) <a href=\"https:\/\/twitter.com\/M1ckyRen\/status\/1691577521656000754?ref_src=twsrc%5Etfw\">August 15, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Stader protocol has an expansive portfolio, recording at least $90 million in staked assets. It is also a hub for critical supported chains and an active user base above 70,000 profiles. Users mint &nbsp;MaticX for staking <a href=\"https:\/\/insidebitcoins.com\/news\/polygon-price-prediction-matic-breaks-0-55-whats-driving-this-momentum\" target=\"_blank\" rel=\"noopener\">MATIC<\/a>. This makes MaticX a liquid token whose value can increase with time because of accumulated staking rewards.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#10022; Stader boasts an impressive portfolio of $90 million+ in staked assets, major supported chains and an active user base exceeding 70,000 profiles.<\/p>\n<p>By staking <a href=\"https:\/\/twitter.com\/hashtag\/MATIC?src=hash&amp;ref_src=twsrc%5Etfw\">#MATIC<\/a>, users mint <a href=\"https:\/\/twitter.com\/search?q=%24MaticX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MaticX<\/a>. <a href=\"https:\/\/twitter.com\/search?q=%24MaticX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MaticX<\/a>, a liquid token, appreciates in value over time due to accumulated staking rewards.<\/p>\n<p>&mdash; Tenet Protocol (@tenet_org) <a href=\"https:\/\/twitter.com\/tenet_org\/status\/1676274838799884299?ref_src=twsrc%5Etfw\">July 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>What Drove the Surge in Stader MaticX Price?<\/h2>\n<p>The surge in MaticX price came amid hype around MATIC liquid staking. Among the perks of this mechanism is that it leads to increased capital efficiency and TVL. More specifically, it provides more liquid staking tokens to stakers to deploy them in DeFi and increase the TVL.<\/p>\n<p>It also provides more options, flexibility for MATIC holders, and new structural rewards. These span from yield farming, vaults, and lending, among other value additions on both Ethereum and Polygon ecosystems.<\/p>\n<p>https:\/\/twitter.com\/Empclintonian\/status\/1696046266466140372<\/p>\n<h2>Stader MaticX Price Forecast As Bullish Flag Pattern Prepares MATICX For 10% Gains<\/h2>\n<p>At the time of writing, Stader MaticX price is $0.6208, a daily rise of around 5%, with signs of an impending 10% rally. The price action has formed a bullish flag pattern on the four-hour timeframe (see chart below).<\/p>\n<p>A bullish flag pattern is a positive technical formation forecasting the extension of an uptrend in the near term. The MATICX price action is consolidating within the two parallel trend lines in the opposite direction of the uptrend. This is before breaking out and continuing the uptrend.<\/p>\n<p>The upper boundary of the flag at $0.6334 currently acts as resistance. This supplier congestion zone&rsquo;s decisive flip into support would activate the chart pattern, possibly catapulting MATICX 10% to the psychological $0.7000.<\/p>\n<p>Technical indicators bolster this outlook, with the Relative Strength Index (RSI) position at 59, indicating strong price strength. Similarly, the Awesome Oscillator&rsquo;s histogram bars are positive, adding credence to the bullish outlook.<\/p>\n<figure id=\"attachment_434742\" aria-describedby=\"caption-attachment-434742\" style=\"width: 1242px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/MaticX_USD-RET-DEXTools.io_2023-08-30_12-36-31.png\"><img decoding=\"async\" class=\"wp-image-434742 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/MaticX_USD-RET-DEXTools.io_2023-08-30_12-36-31.png\" alt=\"MATICX price\" width=\"1242\" height=\"663\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/MaticX_USD-RET-DEXTools.io_2023-08-30_12-36-31.png 1242w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/MaticX_USD-RET-DEXTools.io_2023-08-30_12-36-31-300x160.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/MaticX_USD-RET-DEXTools.io_2023-08-30_12-36-31-1024x547.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/MaticX_USD-RET-DEXTools.io_2023-08-30_12-36-31-768x410.png 768w\" sizes=\"(max-width: 1242px) 100vw, 1242px\"><\/a><figcaption id=\"caption-attachment-434742\" class=\"wp-caption-text\"><a href=\"https:\/\/www.dextools.io\/app\/en\/polygon\/pair-explorer\/0x9aa18301055091e9da7c57b81633632fa33b9a80\" target=\"_blank\" rel=\"noopener\">TradingView: MATICX\/USD 4-hour chart<\/a><\/figcaption><\/figure>\n<p>Conversely, if selling pressure continues or buyers sit on their hands, Stader MaticX&rsquo;s price could fall. A decisive 4-hour candlestick close below the immediate support at $0.6181 would invalidate the bullish thesis. Such a move would pave the way for a leg down to the August 18 lows of $0.6086.<\/p>\n<p>In the dire case, MATICX could extrapolate its downtrend to the $0.5766 support floor, denoting a 7% slump from current levels.<\/p>\n<p>The RSI tipping south points to falling momentum, while the histogram bars taking a red feel suggest that bears are gaining ground. This could bode poorly for Stader MaticX price.<\/p>\n<p>While MATICX price works out the next move, switch attention to <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" target=\"_blank\" rel=\"noopener nofollow\">WSM<\/a>, a more promising choice for investors looking for early-stage investments. The token breached the $26 million mark in presale sales barely a week ago.<\/p>\n<p><iframe title=\"Wall Street Memes Raises $26,000,000 - HUGE NEWS (Next 10x Crypto?)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/0Tab16Kv04U?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Promising Alternative To MATICX<\/h2>\n<p>WSM is the ticker for the <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" target=\"_blank\" rel=\"noopener nofollow\">Wall Street Memes<\/a> ecosystem. It is a rising meme coin garnering significant attention with over a million followers across various platforms. It has the support of figures like Michael Wrubel, a famous YouTuber who also reviews <a href=\"https:\/\/insidebitcoins.com\/news\/crypto-expert-michael-wrubel-reviews-new-2-0-crypto-project-xrp20-what-is-xrp20\" target=\"_blank\" rel=\"noopener\">XRP20<\/a> and <a href=\"https:\/\/insidebitcoins.com\/news\/crypto-youtuber-michael-wrubel-reviews-new-meme-token-shibie-coin-next-shiba-inu\" target=\"_blank\" rel=\"noopener\">Shibie Coin<\/a>. The project is in the final stages of its presale. This fantastic project has <a href=\"https:\/\/insidebitcoins.com\/news\/wall-street-memes-reaches-25-million-raised-in-record-setting-crypto-presale\" target=\"_blank\" rel=\"noopener\">raised over $25 million in just four months<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Too late <a href=\"https:\/\/t.co\/QmesJ7m2Dp\">pic.twitter.com\/QmesJ7m2Dp<\/a><\/p>\n<p>&mdash; Wall Street Memes (@wallstmemes) <a href=\"https:\/\/twitter.com\/wallstmemes\/status\/1696617932875325501?ref_src=twsrc%5Etfw\">August 29, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>People are comparing its potential with that of Dogecoin (<a href=\"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-holds-0-0626-level-is-the-moon-still-in-sight\" target=\"_blank\" rel=\"noopener\">DOGE<\/a>). Even its popularity is further fueled by Elon Musk&rsquo;s engagement with its Twitter account.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Literally<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1636924379086077954?ref_src=twsrc%5Etfw\">March 18, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Wall Street Memes recently announced <a href=\"https:\/\/insidebitcoins.com\/news\/tier-one-crypto-exchange-listing-in-september-to-watch-wall-street-memes\" target=\"_blank\" rel=\"noopener\">plans for listing on top-tier exchanges<\/a> within 28 days. This move is expected to bring a rapid market cap surge seen with similar listings in the past.<\/p>\n<p>Meanwhile, WSM has gained massive attention with a prominent crypto whale. Recently, a giant whale allocated over $1 million to acquire WSM tokens during its presale phase. This whale address executed a series of transactions, <a href=\"https:\/\/insidebitcoins.com\/news\/wall-street-memes-presale-sees-460-eth-whale-buys-in-final-days-ends-soon\" target=\"_blank\" rel=\"noopener\">accumulating 460 ETH<\/a> within a brief timeframe.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128640;&#128188;&#128011; Wow! A massive $1M investment by a crypto whale in the Wall Street Memes presale! &#128200;&#128176; This sends <a href=\"https:\/\/twitter.com\/search?q=%24WSM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WSM<\/a> soaring above the $20M milestone. Will this be the next explosive meme coin? Stay tuned for all the juicy details! &#128226;&#128165; Like and retweet to spread the excitement! <a href=\"https:\/\/t.co\/VtSbsywQZa\">pic.twitter.com\/VtSbsywQZa<\/a><\/p>\n<p>&mdash; Whales Finder (@WhalesFinder) <a href=\"https:\/\/twitter.com\/WhalesFinder\/status\/1686877388238368768?ref_src=twsrc%5Etfw\">August 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This noteworthy investment highlighted the growing attention toward WSM. Furthermore, it indicated a robust confidence level in its potential for returns.<\/p>\n<p>Wall Street Memes has also initiated a $50,000 airdrop to commemorate the presale&rsquo;s triumph. Individuals have the opportunity to participate and have a shot at winning by fulfilling uncomplicated social media tasks.<\/p>\n<p>Interested investors should hurry up with the clock ticking towards tier-one exchange listings as the opportunity to join the Wall Street Memes presale is slipping away.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-wall-street-memes\" target=\"_blank\" rel=\"noopener\">Here is how you can buy WSM<\/a><\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/will-staking-lockup-help-wall-street-memes-wsm-token-price-pump\">Will Staking Lockup Help Wall Street Memes (WSM) Token Price Pump<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/tier-one-crypto-exchange-listing-in-september-to-watch-wall-street-memes\">Tier One Crypto Exchange Listing In September To Watch &ndash; Wall Street Memes<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-news-youtube-channel-reviews-the-wall-street-memes-token-presale\">Crypto News YouTube Channel Reviews The Wall Street Memes Token Presale<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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The token has maintained a steady <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1911,"featured_media":434751,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-434740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stader MaticX Price Prediction: MATICX Climbs to $0.62 \u2013 What&#039;s Driving the Surge?<\/title>\n<meta name=\"description\" content=\"Stader MaticX (MATICX) price recorded a 12% surge to an intra-day high of $0.6507 between August 26 and 29. 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