Polygon (MATIC) hits all-time highs in intraday trading today – should you buy?

5 months ago 140
PR Distribution

Polygon (MATIC) has surged successful intraday trading today, hitting an all-time precocious of $2.7 astatine 1 point. The surge was triggered by the accomplishment of Uniswap V3 connected the Polygon network. Uniswap is seen arsenic a precise important subordinate successful the maturation of DeFi. Launching connected Polygon is simply a immense accomplishment for MATIC investors. Here is what we know.

  • MATIC saw a bullish uptrend successful aboriginal trading, surging to $2.7, its caller all-time high

  • Analysts spot the uptrend holding successful the adjacent term, with MATIC expected to spot much gains successful the future.

  • The deployment of Uniswap v3 is acceptable to assistance the illustration of the Polygon web and bring much DeFi products successful the agelong run. 

Data Source: Tradingview.com

Polygon (MATIC) – Price enactment and analysis

The bullish surge seen successful intraday trading contiguous was mostly expected. After all, the motorboat of Uniswap v3 connected Polygon was ever going to beryllium a large deal. However, MATIC has really been connected a somewhat bullish trajectory since the commencement of the week.

The coin did, however, suffer immoderate of its all-time precocious gains. At the clip of writing, it was trading astatine $2.61. But looking astatine the chart, MATIC is present connected an uptrend, and galore analysts judge that it's going to spot much all-time highs earlier the extremity of the year. The coin could besides payment from a market-wide bullish uptrend expected to deed crypto aboriginal adjacent year.

Should You Buy MATIC?

The aboriginal is agleam for Polygon (MATIC). With the deployment of Uniswap v3, much and much DeFi projects are expected to motorboat connected the network. Besides, since its inception, Polygon has processed implicit 1 cardinal transactions, making it 1 of the fastest-growing blockchain projects successful the world. It is truthful highly recommended, particularly for semipermanent worth investors.

Read Entire Article