OKEx has integrated Polygon (MATIC)the mixing opens the doors to quicker and cheaper transfers of ETH and ERC20 tokens to the Polygon network23 virtual assets will get pleasure from the brand new potency caused via integrating PolygonMATIC’s 50-day transferring average is offering good enough enhance on the $1.30 worth house
The crypto trade of OKEx has announced that it has integrated Polygon (MATIC) into each its web platform and mobile app. the integration is effective instantly and can enable the environment friendly switch of Ethereum and ERC20 tokens to the Polygon Network. The announcement via OKEx comes just a day after OKCoin made public its own integration of Polygon (MATIC).
The Polygon integration on OKEx will benefit customers through decreasing transaction charges and the time it takes to ensure the same transactions. it is going to also supply an alternative layer 2 answer during periods of congestion on the Ethereum network.
At the time of writing, the Polygon integration on OKEx will beef up Ethereum and the following ERC20 tokens: Balancer (BAL), Fundamental Consideration Token (BAT), Celsius (CEL), Compound Finance (COMP), Curve (CRV), DAI, Aavegotchi (GHST), Gemini USD, Chainlink (LINK), Maker (MKR), PAX, Synthetix (SNX), SUSHI, TUSD, Uniswap (UNI), USDC, Tether (USDT), USDK, Wrapped BTC (wBTC), Yearn Finance (YFI), YFII and ZRX.
Polygon’s 50-day MA Keeps TO SUPPLY Adequate Support
With respect to worth action, Polygon (MATIC) is these days consolidating above the 50-day moving reasonable as noticed in the following daily chart.
Also from the chart, it may well be seen that the same transferring moderate supplies give a boost to at the $1.30 value area. The day by day MACD is hinting at a situation of reduced promoting of MATIC. The RSI and MFI are soaring round impartial territories of FORTY THREE and FORTY FIVE respectively.
Therefore, it will move either approach for MATIC in the days to apply and as Bitcoin attempts to recapture the crucial $38k and $40k give a boost to zones. If BTC keeps on its reversal from Tuesday’s low of $31k, the renewed optimism may just lend a hand MATIC in turning $1.50 into make stronger and then it would springboard to $1.70.
However, Bitcoin’s loss of life cross remains to be on the horizon and it might be smart to business MATIC on spot markets as opposed to futures.