Range Price Up 7.73% to $1,664 – How to Buy MATIC?

Polygon (MATIC) has had a rough few weeks, but the coin has seen surprising gains this week. The token is up around 7.73% last week and is a very promising uptrend. At the time of writing, MATIC was trading at $1,664, a significant gain in the last 24 hours. MATIC Price Analysis The broader crypto market gained last week, with Bitcoin maintaining its lead after gaining more than $40,000. In January of this year, Polygon was trading at $0.0168, and at its peak in May, the token gained over 15,000%. At this point, it hit a record high of $2.8988. Like the broader crypto market, MATIC lost about 57% during the May meltdown. Source: TradingView However, the current price of MATIC is still a staggering profit for the token for those who bought it earlier in the year. However, the drop in token price on Mat showed that many traders lost their long positions and turned into a big sell. Buy Crypto Now However, many long positions did not hold after MATIC reported a rebound last week. However, if the token crosses the $1.65 resistance level and the uptrend continues, MATIC could create another bullish rally that will create its next stop at $1.89. The bullish rally could be a solid development as the coin still needs support from the wider cryptocurrency market. However, given the increasing adoption of the Polygon network by DeFi developers looking to take advantage of its scalability, the bulls may not be far off. Ethereum's hard fork upgrade has lowered gas prices on the platform, but that doesn't mean developers haven't moved on to other scalable networks. Polygon offers a second layer solution as Ethereum is expected to launch by the end of the year. The low transaction costs and high speeds of the Polygon network have resulted in the launch of major DeFi platforms on the network. Projects launched at Polygon include Aave,

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