Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31

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Members of the crypto group have solid their ballots, so to talk, and now we’ll discover out whether or not or not their forecast was correct.

The consensus of the cryptocurrency market predicts a 20% improve in MATIC costs earlier than the month ends, as reported by CoinMarketCap’s worth prediction metrics.

This pretty optimistic forecast from the group suggests a excessive stage of religion in each the token and the ecosystem.

Excellent news has just lately hit the Polygon group because of a tweet from the official Polygon Twitter account saying a brand new collaboration with the buying and selling platform Robinhood.

Will Robinhood Crew-Up Deliver Good Outcomes?

The tweet means that Robinhood has teamed up with Polygon to supply a bitcoin pockets service. FThe Robinhood Pockets app is constructed with DeFi in thoughts.

In accordance with Polygon’s weblog submit, the Robinhood Pockets is a self-custody pockets, which means that its proprietor has full discretion over their cryptocurrency holdings.

Robinhood has made different forays into the cryptocurrency market, so this isn’t their first enterprise.

From its inception in 2018, it has been actively concerned within the crypto trade, with Bitcoin and Ethereum being the primary cash to be freely traded on the platform without charge to merchants. The change started in a choose variety of states.

By 2021, the commerce of crypto belongings has expanded throughout the entire United States, excluding Hawaii and Nevada.

The buying and selling platform helps 11 cryptocurrencies, together with Bitcoin and Ethereum. It additionally facilitates the buying and selling of other cryptocurrencies, much like Polygon’s MATIC token.

With over 37,000 decentralized purposes accessible on Polygon’s platform, it should undoubtedly help Robinhood’s most bold cryptocurrency endeavor. However how did traders and merchants of Polygon reply to the information?

Rally In The Offing For Crypto?

As of this writing, MATIC is buying and selling at $$0.778741, down 0.1 p.c within the final seven days, knowledge from Coingecko present, Saturday.

At present, the token trades between the 50 Fib stage ($0.6876) and the 61.80 Fib stage ($0.7761).

The current help line lies at $0.7252, which is crucial as a result of this would be the help line the bulls can depend on if issues go south.

If the worth reaches the 61.80 Fib stage once more, we are able to count on a slight correction if there may be enough purchase demand.

Investor confidence is excessive as Polygon presses ahead with its Robinhood relationship, given the group projection of a close to 20% worth improve.

MATIC complete market cap at $6.8 billion on the day by day chart | Supply: TradingView.com

Featured picture from VOI, Chart: TradingView.com



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