Experts Predict a MATIC Sell-Off; Should You Switch to MTAUR While You Still Can?

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on any goods, services or content mentioned in the press release.

The cryptocurrency market is changing and Polygon (MATIC) could soon see a sell-off. Known for its fast transactions and low fees, it is now coming under scrutiny as market dynamics change. Analysts predict that a bull run initially expected in late 2024 could be delayed until 2025, prompting crypto enthusiasts to rethink their strategies amid potential volatility in Polygon (MATIC) and other assets.

In this evolving landscape, a newcomer is emerging as an attractive alternative. By leveraging the advancements in AI and blockchain technology, a new player is offering innovative applications within its ecosystem, positioning itself as a strong contender in the crypto space. Read on to find out if it’s a good idea to switch to this project.

Casual Gaming Benefits of Minotaurus

Let’s start with Minotaurus, a blockchain gaming project that is now being actively discussed by the crypto community. While the first pre-sale phase is still in full swing, the buzz around it is steadily increasing, and many are starting to wonder about its potential for success and whether or not it can break into the big league.

Minotaurus is entering the casual gaming market, which is worth $14.78 billion and is expected to grow 9% annually, according to Statista. $MTAUR, the token tied to the game, is expected to have a wide range of use cases, ranging from avatar customization and game speed acceleration to special effects, skins and more.

A few more plus points to consider:

• Accessible access: Minotaur starts at a pre-sale price of just $0.00004 per coin, making it accessible to early adopters. There is potential for five times the savings, with a list price of $0.00020.
• Holder benefits: $MTAUR holders can unlock various benefits including referral incentives for themselves and friends, along with acquisition bonuses.
• Security Priority: Minotaurus prioritizes the security of its ecosystem and the safety of its holders. The project’s smart contract underwent audits by SolidProof and Coinsult.

The team behind the game has also shown that they are committed to listening to the community and implementing their ideas in a timely manner. There is a good chance that this project can further expand its reach.

Take that step

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Polygon (MATIC) Faces Imminent Sell-Off as Bearish Signals Strengthen

Now let’s get back to Polygon (MATIC), the project that is currently navigating through turbulent waters. Several key indicators point to an impending sell-off. Recent analysis points to an increase in dormant circulation, which points to increased selling pressure for Polygon (MATIC). Bearish sentiment has intensified as it struggles to hold support levels and drops below critical thresholds.

On June 11, Polygon (MATIC) dropped below the significant $0.60 mark, turning into a strong resistance point. This sets the stage for possible further declines, with market sentiment remaining bearish. Technical indicators such as the RSI and CMF are showing downward trends and capital outflows. Experts are predicting a possible drop to the $0.50 support level in the price of Polygon (MATIC), a key level in previous market cycles.

Polygon (MATIC) is facing challenges in breaking the $0.75 resistance level after several failed attempts. Technical indicators such as the Ichimoku Cloud and MACD indicate an ongoing bearish trend, with weak buying momentum for a possible reversal. Derivatives trading volume and open interest in Polygon (MATIC) futures and options have declined significantly, reflecting market sentiment. These factors indicate significant bearish pressure, implying that a near-term recovery could be short-lived.

Polygon (MATIC) is facing increasing bearish pressure as dormant circulation spikes, signaling potential impending selling by long-term holders. This trend historically precedes significant price declines during market corrections. The market value to realized value (MVRV) ratio also reflects negative sentiment among short-term holders, often prompting further selling to minimize losses.

On the daily timeframe, Polygon (MATIC) is maintaining a persistent bearish structure. The $0.59 level is now acting as a crucial resistance point; if we fail to break above it, the decline could extend towards the $0.50 support level, historically a strong buy zone, but its sustainability remains uncertain amid the current bearish momentum.

Technical indicators confirm the challenging outlook. The RSI shows weak buying pressure, while the MACD is approaching its signal line, indicating limited momentum from both bulls and bears. Trading below the Ichimoku Cloud underscores the prevailing downtrend. These factors collectively point to continued downward pressure on Polygon (MATIC) in the near term.

Conclusion

Polygon (MATIC) is under intense bearish pressure, indicating that a sell-off will take place soon. It has struggled below the $0.60 mark, which is now a tough resistance point. Technical indicators such as RSI and CMF are indicating weak buying momentum and capital outflows. Amidst this tough market, some are looking at alternatives such as Minotaurus (MTAUR).

The ongoing $MTAUR token presale offers early participants significant savings and significant upside potential. Diversification into promising projects like Minotaur could provide a strategic advantage as market conditions evolve.

More information about Minotaur:

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on any goods, services or content mentioned in the press release.