Forget MATIC: This Crypto Can Outperform It in the Next Bull Run
Polygon (MATIC) has recently been in the spotlight due to a significant transaction that involved transferring 9 million MATIC tokens to BNB, one of the leading cryptocurrency exchanges. Executed by a wallet linked to the Polygon Foundation, this $7.75 million transfer sparked discussions across the crypto community.
This transaction was part of a broader move, with over 17 million MATIC tokens already sent to BNB at an average price of $0.802 since June of the previous year. As a result, Polygon’s (MATIC) price experienced a slight downturn. So, amidst the current dynamics of the crypto market, there’s growing interest in other cryptocurrencies that could potentially outperform Polygon (MATIC) in the next bull run.
Ride The Wave of Innovation with ScapesMania
The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token’s value might increase exponentially in the future.
The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away.
Your Last Chance to Boost Potential Returns Post Listing
The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry.
Moreover, the token’s utility is impressive. It’s not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the $376 billion gaming industry, it leverages the market’s growth potential. Post-debut, holders can anticipate greater liquidity and easier trading.
The community’s excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania’s transition from niche to mainstream.
ScapesMania’s smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the award-winning team behind ScapesMania secured a prestigious grant from a prominent player in the blockchain industry.
Furthermore, ScapesMania is notable for putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is where ScapesManias stands out.
Make sure you don’t pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative.
TGE ALERT – Keep Up With Latest News
Polygon (MATIC) Faces Volatility Amid Major Token Movements and Market Sentiment
The Polygon Foundation has recently been involved in significant token movements, transferring a total of 9 million MATIC tokens to BNB, one of the world’s leading cryptocurrency exchanges. This $7.75 million transaction is now discussed to affect the Polygon’s (MATIC) price and slow down its future growth.
Following the transfer, Polygon’s (MATIC) price experienced a slight dip, momentarily pushing the price down. However, this movement aligns with the significant offloading of tokens to Binance, a recurring phenomenon since a wallet linked to the Polygon Foundation received 240 million tokens from a Polygon Foundation contract in August 2022.
Despite the initial dip, the Polygon (MATIC) managed to recover, climbing back to $0.9 due to resilient buying pressure that outpaced the selling pressure. A bullish momentum that could potentially propel the price of MATIC to $0.96 in the coming days, provided the volume continues to rise alongside the price.
Experts suggest that if the bullish momentum continues and is supported by increasing trading volume, Polygon (MATIC) could see a further 10% gain. However, if the volume increases while the price rises, the uptrend could weaken, leading to a possible pullback to $0.8.
Beyond the short-term price fluctuations, the Polygon Foundation’s decision to transfer millions of MATIC tokens to exchanges can affect market liquidity and investor sentiment. However, the increasing number of Polygon (MATIC) holders amidst the growing conviction in the token’s long-term potential suggests a positive outlook.
Conclusion
Market insiders are closely monitoring how Polygon’s (MATIC) strategic moves will shape its value and standing in the ever-shifting crypto landscape. As the foundation’s recent token movements have caused some fluctuations in Polygon’s (MATIC) price, investors remain tentatively optimistic about its future direction. One should keep a close eye on the Polygon (MATIC) market’s pulse and conduct thorough research before making investment decisions.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Credit: Source link
