Had Dropped But MATIC Price Predicted to Soar!

Bittime - Polygon (MATIC) has become one of the Layer 2 solutions that has attracted the attention of many people. Known for its high transaction speed and built on the Ethereum network, MATIC offers a TPS (Transaction Per Second) of 65,000. 

However, despite its technological advantages, MATIC's price performance has recently experienced a significant decline. Check out the MATIC price prediction here!

MATIC Technology Advantages

Polygon, built on Ethereum, has the ability to handle transactions much faster than Layer 1 Ethereum itself. Transaction speeds of up to 65,000 TPS are one of the main reasons why MATIC is a popular solution. 

In addition, the improvement of Ethereum through the Denkun upgrade also has a positive impact on Layer 2 networks, including MATIC, such as increasing block size and reducing transaction fees.

Also read: What is Deenar Gold (DEEN)? Sharia-Based Gold Stablecoin

MATIC Price Prediction: Significant Price Drop

Even though it has superior technology, the price of MATIC has experienced a drastic decline of up to 75% from its peak last March. 

This decline did not only occur on MATIC, but also on other Layer 2 networks such as Arbitrum and Optimism. The decline has raised concerns among investors, but some analysts see it as an opportunity.

Bullish Divergence and Recovery Potential

Although the altcoin market, including MATIC, is in a downtrend, there are signs indicating a potential reversal. 

MATIC weekly chart analysis shows a bullish divergence, where the price forms a new low but the oscillator forms a higher low. This is a positive signal that could indicate potential future price increases, especially if Bitcoin starts to rally.

MATIC to IDR via Bittime Trade

Conclusion

With the market currently at its lowest point, there is a great opportunity for investors to take risks with the potential for big rewards. While this is not financial advice, weak market conditions are often considered a good time to enter. 

Overall, MATIC as a Layer 2 solution still has great potential, even though it is currently experiencing challenges in terms of price. Further developments on the Ethereum network and broader market conditions will be key factors in determining the future direction of the MATIC price.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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