Polygon, Bitcoin & Avax — Asian Wrap 26 Nov


MATIC price looks ready for a correction as a potential swing high seems to be forming. This development could lead to a correction that will allow sidelined buyers to purchase Polygon at a discount and kick-start a quick run-up. MATIC price rallied 30% over the past four days from $1.52 to $1.96.

 

The world’s oldest decentralized cryptocurrency network, Bitcoin has already surpassed PayPal in terms of volume processed by dollar value. According to a recent report, the BTC network processed nearly $500 billion per quarter this year. Since the flagship cryptocurrency’s inception in 2009, the network has grown tremendously, processing billions of dollars in transactions daily. 

AVAX price has seen a massive upswing over the last month, pushing its market value into the triple-digit territory. While Avalanche undergoes a short-term retracement, the upside is likely to improve if the bulls hold critical levels. A breakdown of the $97.38 support level will invalidate the bullish thesis.



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