As we venture into 2024, the cryptocurrency market exhibits signs of resurgence, with several currencies achieving new milestones and surpassing previous records. Despite this general market uplift, not every cryptocurrency enjoys this upward momentum, especially given the technical analyses that predict a downturn for Polygon (MATIC). The investment community, however, is closely watching the presales of BlockDAG (BDAG) and AlgoTech, both of which are making significant strides and capturing investor interest through their quick coin sell-outs.

Polygon (MATIC) Faces Challenges Despite Technical Upgrades

The Polygon Network, known for its role in scaling Ethereum, recently introduced its Napoli hard fork upgrade. This upgrade marked the network’s initiation of a Rollup Improvement Proposal (RIP), specifically RIP-7212, aimed at drastically reducing transaction fees for rollups. Alchemy’s data suggests that RIP-7212 could cut gas costs by up to 100 times when compared to the prior most efficient method within the same framework.

However, the MATIC token has not been performing well, showing a 22% decrease from its highest value this year. Technical analyses indicate a pessimistic future, with key support levels at $0.8326 and a possible price range of $0.7395 to $0.7553. Nevertheless, a price surge past $0.9907 could potentially reverse the current negative trend for Polygon (MATIC).

AlgoTech Presale Draws Interest with Algorithmic Trading Platform

The AlgoTech investment phase is witnessing a growing interest among investors, thanks to its development of a leading platform for algorithmic trading. Utilizing advanced AI algorithms, AlgoTech analyzes past data and current market sentiments to identify trends and profit-making opportunities. Additionally, it seeks to mitigate risks by promptly responding to potential market downturns, thereby offering a safeguard for traders against market volatility.

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Author: AMBCrypto Team

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