Members of the crypto neighborhood forged their votes, so to talk, and now we’re going to discover out if their prediction was appropriate or not.
The consensus of the cryptocurrency market is forecasting a 20% surge in MATIC costs earlier than the tip of the month, as reported by CoinMarketCap’s worth prediction metrics.
This pretty optimistic forecast from the neighborhood signifies a high level of belief in each the token and the ecosystem.
Excellent news not too long ago reached the Polygon neighborhood, due to a tweet from the official Polygon Twitter account saying a brand new collaboration with trading platform Robinhood.
Will Robinhood carry good outcomes to Staff-Up?
The tweet means that Robinhood has partnered with Polygon to supply a bitcoin pockets service. The Robinhood pockets app was constructed with DeFi in thoughts.
In line with Polygon’s weblog submit, the Robinhood pockets is a self-custody pockets, which suggests its proprietor has full discretion over their cryptocurrency holdings.
Robinhood has made different forays into the cryptocurrency market, so this is not their first enterprise.
It has been actively concerned within the crypto business since its inception in 2018, with Bitcoin and Ethereum being the primary cash to be freely traded on the platform. The change started in a choose variety of states.
By 2021, crypto asset trading has unfold to all the United States, apart from Hawaii and Nevada.
The trading platform helps 11 cryptocurrencies together with Bitcoin and Ethereum. It additionally facilitates trading in different cryptocurrencies, much like Polygon’s MATIC token.
With over 37,000 decentralized purposes accessible on the Polygon platform, it should undoubtedly assist Robinhood’s most bold cryptocurrency enterprise. However how did Polygon traders and merchants react to the information?
Rally on the horizon for crypto?
As of this writing, MATIC is trading at $$0.778741, down 0.1 % over the previous seven days, information from Coingecko exhibits Saturday.
At present, the token is trading between the 50 Fib level ($0.6876) and the 61.80 Fib level ($0.7761).
The present assist line stands at $0.7252, which is vital as this would be the assist line that the bulls can depend on for the draw back.
If the worth reaches the 61.80 Fib mark once more, a slight correction could be anticipated if there’s enough shopping for demand.
Investor confidence is high as Polygon advances its Robinhood relationship amid the neighborhood’s forecast of an almost 20% worth improve.
MATIC whole market cap at $6.8 billion on the every day chart | Supply: TradingView.com Featured Picture by VOI, Chart: TradingView.com