Today, a large portion of the crypto market has entered the green zone. The recent uptrend started after the collapse of First Republic Bank (FRC) was announced.
Cryptocurrencies are created to replace traditional finance and have in the past benefited from the failures of traditional financial institutions. Today, riding the waves of green, the crypto market cap is up by almost 4.45% in the last 24 hours.
However, Polygon (MATIC) has met with resistance as it attempts to cross $1.00. Meanwhile, analysts have predicted that Tradecurve, a new hybrid exchange changing the narrative could skyrocket by 40x soon due to its unique use cases.
Polygon (MATIC)
Polygon’s (MATIC) price has recently dropped from above $1.12 to below $1.00, entering a bearish zone. However, the price has formed a low near $0.952 and is currently attempting a recovery wave.
Similar to Bitcoin and Ethereum, Polygon’s (MATIC) price has climbed above $0.980, breaking a bearish trend line resistance near $0.975 on the MATIC/USD 4-hour chart. The next resistance level for Polygon (MATIC) lies at $1.08, which coincides with the 50% Fibonacci retracement level of the previous downward movement from the swing high of $1.191 to the low of $0.952.
According to data from CoinMarketCap, the price of Polygon (MATIC) is $0.992868 today, a 3.20% price increase in the last 24 hours and a 15.20% price decline in the past 7 days. If the price of Polygon (MATIC) breaches the $1.008 resistance level to the upside, there is potential for further price recovery.
Polygon (MATIC) is already showing potential for an upside as the on-chain data tracker, Santiment, has reported that the network experienced the second-largest movement of tokens to exchanges this year. Santiment reported that 60 million Polygon (MATIC) tokens were moved in the last 24 hours.
Tradecurve – The future is here now
Tradecurve.io is one of the few cryptocurrency exchanges to gain so much attention as Binance did before it officially hit the market back in 2017. But, unlike Binance, Tradecurve is a hybrid exchange.
The reason for the hype around Tradecurve is justifiable – a hybrid exchange, and the first to allow traders access crypto, forex, stocks, and commodities all from one account, this unique offering is what makes Tradecurve appealing to investors.
Hybrid exchanges are the future of crypto exchanges, and Tradecurve is strategically placed to become one of the top trading platforms in the next year. The platform will onboard up to 100,000 clients within the first 3 months of launch.
The native utility token $TCRV that will power the Tradecurve ecosystem, is currently in presale trading at $0.01 per token. Providing users of the platform access to trade; stocks, shares, currencies, cryptocurrencies, commodities and indices, Tradecurve is set to see exponential growth over the coming months with my analysts stating $TCRV will 40x upon launch.
Check the following links for more information about Tradecurve Presale:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official