Saturday, February 4, 2023
 

Crypto Analyst Highlights the Hermez While MATIC Rides with the Bulls

  • Miles Deutscher addressed the next cycle’s top performers, which have not been released.
  • Deutscher highlights the Hermez project which is to be released by Polygon.
  • MATIC is currently facing a bull run, with a price of $1.01.

After a thorough analysis, Miles Deutscher, a crypto analyst, addressed the next cycle’s top performers, which have not been released yet. Among the top 13 unreleased projects, Deutscher highlights the Hermez project which is to be released by Polygon.

Polygon had recently acquired Hermez, a ZK rollup scaling solution. As mentioned by Deutscher, Polygon will be merging the networks before zkEVM’s Mainnet Launch. Deutscher also points out that through Hermez, MATIC will become the beneficiary.

Earlier, Polygon had announced that the second and final testnet for Polygon zkEVM went live. The public testnet included meaningful improvements to the throughput, latency, and efficiency of the power.

The first testnet upgraded the performance to prioritize control testing of the soundness and the correctness of the prover. Meanwhile, the second testnet made the network fast, reducing the time to produce a proof for a batch of transactions from 4 minutes to 10 minutes.

Observing the digital herd of cryptos, MATIC has trodded back to the 11 rank, with a price of $1.01. MATIC witnessed a surge of 0.94% in the past week and leaped by 0.26% in 24 hours, at press time.

MATIC/USDT 4-hour chart (Source: Trading View)

MATIC’s price is above the 200 EMA line indicating that it is currently in a bull run. The 200 EMA line is going trodding across the Support 1 field. With the start of the new year, it can be observed that MATIC started climbing from Support 2 to Support 1, meeting the 200 EMA line midway.

Meanwhile, in November it was observed that MATIC went above Resistance 1, before falling downhill. MATIC is currently seeking to touch Resistance 1. With the help of its upcoming upgrades, if MATIC goes beyond Resistance 1, it may ride the bull for a long period.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

  • Miles Deutscher addressed the next cycle’s top performers, which have not been released.
  • Deutscher highlights the Hermez project which is to be released by Polygon.
  • MATIC is currently facing a bull run, with a price of $1.01.

After a thorough analysis, Miles Deutscher, a crypto analyst, addressed the next cycle’s top performers, which have not been released yet. Among the top 13 unreleased projects, Deutscher highlights the Hermez project which is to be released by Polygon.

Polygon had recently acquired Hermez, a ZK rollup scaling solution. As mentioned by Deutscher, Polygon will be merging the networks before zkEVM’s Mainnet Launch. Deutscher also points out that through Hermez, MATIC will become the beneficiary.

Earlier, Polygon had announced that the second and final testnet for Polygon zkEVM went live. The public testnet included meaningful improvements to the throughput, latency, and efficiency of the power.

The first testnet upgraded the performance to prioritize control testing of the soundness and the correctness of the prover. Meanwhile, the second testnet made the network fast, reducing the time to produce a proof for a batch of transactions from 4 minutes to 10 minutes.

Observing the digital herd of cryptos, MATIC has trodded back to the 11 rank, with a price of $1.01. MATIC witnessed a surge of 0.94% in the past week and leaped by 0.26% in 24 hours, at press time.

MATIC/USDT 4-hour chart (Source: Trading View)

MATIC’s price is above the 200 EMA line indicating that it is currently in a bull run. The 200 EMA line is going trodding across the Support 1 field. With the start of the new year, it can be observed that MATIC started climbing from Support 2 to Support 1, meeting the 200 EMA line midway.

Meanwhile, in November it was observed that MATIC went above Resistance 1, before falling downhill. MATIC is currently seeking to touch Resistance 1. With the help of its upcoming upgrades, if MATIC goes beyond Resistance 1, it may ride the bull for a long period.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

 

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