Polygon MATIC Price Prediction - zkEVM Coming on March 27th So Expect Accumulation at These Levels
Ethereum’s leading layer 2 blockchain, Polygon is struggling with a stubborn bearish wave since early last week. MATIC price is down 0.9% on the day to exchange hands at $1.25 at the time of writing, while bulls work around the clock to prevent losses from extending below support established at $1.20.
Most of the applied technical indicators could favor a prolonged trend reversal, as we will discover with analysis from both technical and macro perspectives. Meanwhile, upholding support at $1.25 would be the safest bet for bulls to push for the resumption of the uptrend to $1.60 and $2.00, respectively.
The Polygon ecosystem has from inception committed to providing “seamless scaling for Ethereum,” the biggest and oldest smart contracts network in the industry. The launch of the zkEVM testnet in 2022 raised Polygon’s status as the number one layer 2 solutions provider for Ethereum.
According to the latest announcement from the development team, “now it’s time to truly start the revolution to unlock mass adoption and the full potential of Web3.” Following months of pushing the zkEVM to extreme limits, “Polygon Labs is pleased to announce the launch of Polygon zkEVM Mainnet Beta,” which will take place on 27 March 2023 and mark the beginning of a brighter future.
The zkEVM testnet is handing over the button to the Polygon mainnet following the achievement of various key milestones, including the creation of more than 84,000 wallets, 300,000 produced blocks, 75,000 ZK proofs generated, and the deployment of more than 5,000 smart contracts among others.
Polygon Labs reckons that “zkEVM Testnets have brought unprecedented interest and growth from across the entire ecosystem. Along the way, Polygon zkEVM has only gotten better –
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