Polygon (MATIC) is bouncing back amid major proposal progress towards Polygon 2.0 and a surge in whale MATIC transactions – leaving some asking ‘is it too late to buy Polygon?’.
The dramatic resurgence comes as number of PIP governance proposals (PIP-24 and PIP-25) have been unveiled, with both proposals aiming to update the token burn system needed for Polygon 2.0.
And this coincides with a surge in Polygon whale activity, with the number of transactions worth more than $100,000 growing 16.96% over the past week.
MATIC Price Analysis: Is it Too Late to Buy Polygon After Whale Surge?
As price action pushes up, MATIC is currently trading at a market price of $0.58 (representing a 24-hour change of +3.72%).
The bounce was triggered by reclamation of vital lifeline support from the 20DMA, which had acted to suppress upside movements for 68-days since July 24.
Bolstered by the supportive foothold on the 20DMA, MATIC has pushed up +10.3% since Sunday.
The 200DMA now forms a higher-level target, at $0.77 – a level which would see MATIC regain August’s technical posture.
As for Polygon’s indicators, the RSI has risen substantially on the recent uptick, now stood overheated at 62.84 – this could suggest a need to consolidate or retrace on the short-time frame.
However, the MACD remains with minor bullish divergence at 0.0090 – reflecting the growing momentum fuelled by whale transactions.
Overall, MATIC looks poised here, with bullish posturing above the 20DMA taking aim at the 200DMA – upside seems likely following a brief consolidation at current levels.
This leaves Polygon with an upside target below the 200DMA at $0.71 (a potential +21.66%).
While downside price action faces a potential tumble back to lower trendline support at $0.50 (a possible -13.98%).
MATIC therefore has a risk: reward of 1.55 – a strong entry characterised by decent upside potential.
But while bag-holders are watching the upside move, smart traders are rotating profits into the fastest growing GambleFi project on Telegram.
Fastest Growing GambleFi Project: Don’t Sleep on TG Casino as Presale Hits $394k
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $280k raised in just days, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
The TG Casino Presale: Hype and Beyond
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 3,446%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 3,446% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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