{"id":34160,"date":"2023-07-11T10:41:17","date_gmt":"2023-07-11T14:41:17","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-polygon-matic-price-rallies-up-5-in-24-hours-as-green-crypto-chimpzee-sails-past-800000-milestone\/"},"modified":"2023-07-11T10:41:19","modified_gmt":"2023-07-11T14:41:19","slug":"is-it-too-late-to-buy-polygon-matic-price-rallies-up-5-in-24-hours-as-green-crypto-chimpzee-sails-past-800000-milestone","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34160","title":{"rendered":"Is It Too Late to Buy Polygon? MATIC Price Rallies Up 5% in 24 Hours as Green Crypto Chimpzee Sails Past $800,000 Milestone"},"content":{"rendered":"
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The price of MATIC, the native token of Ethereum\u2019s largest layer-2 scaling protocol by market capitalization Polygon, is up over 5% in the last 24 hours, as per CoinGecko.<\/p>\n

MATIC was last trading just above $0.74 and to the north of its 50-Day Moving Average (DMA) for the first since April, as the cryptocurrency continues to unwind the losses it experienced in June as a result of the US Security and Exchange Commission (SEC)\u2019s claim that it is actually a security.<\/p>\n

While MATIC is still over 16% down from its pre-SEC FUD (fear, uncertainty and doubt) levels near $0.90, the cryptocurrency is up an impressive more than 45% from its June lows in the $0.50 area.<\/p>\n

In wake of the impressive bounce, crypto investors are asking whether they missed their chance to buy the dip.<\/p>\n

Is it too late to buy Polygon? they might ask.<\/p>\n

Is It Too Late to Buy Polygon (MATIC)?<\/strong><\/h2>\n

While crypto investors who refrained from buying the June dip have missed out on easy near 50% gains, its not too late to buy Polygon.<\/p>\n

That\u2019s because the cryptocurrency is still trading more than 50% below its earlier yearly highs and, if it can break above a few near-term resistance levels, could be in with a shot of posting more than 100% gains in the coming months.<\/p>\n

As noted, MATIC has managed to clamber back above its 50DMA, but is finding strong resistance at the late-2022\/early-2023 lows around $0.74.<\/p>\n

If it can clear this resistance, as well as a downtrend from the yearly highs and the May lows around $0.81 the door is open for a swift rally towards the 200DMA around $1.0 and then on towards the yearly highs in the mid-$1.50s.<\/p>\n

Of course, as MATIC hits key near-term resistance, some bears might see this as attractive levels to add to short positions.<\/p>\n

A retest of yearly lows at $0.50 should not be discounted given the ongoing SEC FUD.<\/p>\n

Whilst it certainly isn\u2019t too late to buy MATIC as it could go higher in the near term, it remains a highly risky play.<\/p>\n

Polygon (MATIC) Alternative to Consider \u2013 Chimpzee (CHMPZ)<\/strong><\/h2>\n

Chimpzee, which is being touted by crypto experts as one of the hottest charity-focused web3 projects of the year, is generating waves in the crypto space.\u00a0<\/p>\n

The project’s highly sought-after presale, which analysts at reputable news outlets such as Cryptonews.com and Business 2 Community rank as one of the year’s best presale opportunities, just shot past the $800,000 mark.\u00a0<\/p>\n

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Chimpzee is a disruptive crypto platform that allows its users and supporters to earn a passive income whilst simultaneously saving animals and fighting climate change.\u00a0<\/p>\n

The charity-focused web3 platform is set to feature a shop-to-earn Chimpzee merchandise store, a trade-to-earn non-fungible-token (NTF) marketplace and a play-to-earn game called \u201cZero Tolerance\u201d.<\/p>\n

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The presale is currently in its 7th<\/sup> stage and potential investors need to move quickly as when the $1.1445 million mark is hit, the $CHMPZ token price will go up from $0.0007 to $0.000775.<\/p>\n

Visit Chimpzee Here<\/p>\n

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.<\/sup><\/i><\/p>\n<\/p><\/div>\n