{"id":503399,"date":"2022-10-24T17:14:41","date_gmt":"2022-10-24T14:14:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/warren-buffett-backed-neobank-picks-polygon-for-web3-token-matic-price-eyes-100-rally\/"},"modified":"2022-10-24T17:14:41","modified_gmt":"2022-10-24T14:14:41","slug":"warren-buffett-backed-neobank-picks-polygon-for-web3-token-matic-price-eyes-100-rally","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/warren-buffett-backed-neobank-picks-polygon-for-web3-token-matic-price-eyes-100-rally\/","title":{"rendered":"# Warren Buffett-backed neobank picks Polygon for Web3 token \u2014 MATIC price eyes 100% rally"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2533b1db5b0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2533b1db5b0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/warren-buffett-backed-neobank-picks-polygon-for-web3-token-matic-price-eyes-100-rally\/#%E2%80%9D_Warren_Buffett-backed_neobank_picks_Polygon_for_Web3_token_%E2%80%94_MATIC_price_eyes_100_rally_%E2%80%9C\" >&#8221; Warren Buffett-backed neobank picks Polygon for Web3 token \u2014 MATIC price eyes 100% rally &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/warren-buffett-backed-neobank-picks-polygon-for-web3-token-matic-price-eyes-100-rally\/#Polygon_wins_high-profile_clients\" >Polygon wins high-profile clients<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/warren-buffett-backed-neobank-picks-polygon-for-web3-token-matic-price-eyes-100-rally\/#MATIC_eyes_bull_flag_breakout\" >MATIC eyes bull flag breakout<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Warren_Buffett-backed_neobank_picks_Polygon_for_Web3_token_%E2%80%94_MATIC_price_eyes_100_rally_%E2%80%9C\"><\/span>&#8221; Warren Buffett-backed neobank picks Polygon for Web3 token \u2014 MATIC price eyes 100% rally &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-4b69a2fe>The price of Polygon\u2019s MATIC (MATIC)\u00a0coin could double by the end of 2022 or early 2023 due to a mix of extremely bullish fundamental and technical indicators.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Polygon_wins_high-profile_clients\"><\/span>Polygon wins high-profile clients<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>MATIC rose by nearly 6.5% four days after Nubank, a Brazilian fintech company backed by Warren Buffett\u2019s Berkshire Hathaway and Softbank, confirmed that it selected Polygon\u2019s \u201cSupernets <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>\u201d for its blockchain and digital token, dubbed Nucoin.<\/p>\n<p>\u201cNubank plans to airdrop the digital token to its customers in the first half of 2023,\u201d the official announcement read, adding: <\/p>\n<blockquote><p>\u201cThese tokens will serve as the basis for its customers loyalty rewards program and will have benefits such as discounts and other advantages.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Polygon?src=hash&amp;ref_src=twsrc%5Etfw\">#Polygon<\/a> is taking <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nubank?ref_src=twsrc%5Etfw\">@Nubank<\/a> from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Web2?src=hash&amp;ref_src=twsrc%5Etfw\">#Web2<\/a> \u27a1\ufe0f <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Web3?src=hash&amp;ref_src=twsrc%5Etfw\">#Web3<\/a>!<\/p>\n<p>In a strategic partnership with Polygon, Nubank is launching its own chain using <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/PolygonSupernets?src=hash&amp;ref_src=twsrc%5Etfw\">#PolygonSupernets<\/a> &amp; thus its digital token Nucoin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/onPolygon?src=hash&amp;ref_src=twsrc%5Etfw\">#onPolygon<\/a> <\/p>\n<p>This move will open the gateway for 70 mn+ Nubank users to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Web3?src=hash&amp;ref_src=twsrc%5Etfw\">#Web3<\/a> space  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Fu06Vi7IpV\">pic.twitter.com\/Fu06Vi7IpV<\/a><\/p>\n<p>\u2014 Polygon &#8211; MATIC  (@0xPolygon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon\/status\/1582804416427487233?ref_src=twsrc%5Etfw\">October 19, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As a result of the rally, MATIC was changing hands for $0.90 on Oct. 24, its highest level in three weeks.<\/p>\n<p>Polygon Supernets is an enterprise-level solution that removes the complexity of blockchain development for companies looking to build their native chains. Interestingly, before Nubank, gaming company <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Swift employed the product to launch its custom blockchain.<\/p>\n<p>The growing demand for Polygon products may bring a similar boom for its native token, MATIC, which serves as a utility and staking asset within the Polygon blockchain ecosystem.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"MATIC_eyes_bull_flag_breakout\"><\/span>MATIC eyes bull flag breakout<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Nubank <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> surfaces as MATIC paints what <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be a bullish continuation pattern on its lower-timeframe chart.<\/p>\n<p>Dubbed a \u201cbull flag,\u201d the pattern emerges when the price consolidates inside a parallel, descending channel after a strong move upward. As a rule, it resolves after the price breaks out of the range to the upside and rises by as much as the previous uptrend\u2019s height.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-10\/fc0889a6-fd29-4771-ae98-1606cd4ae091.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>MATIC\/USD 3-day chart featuring bull flag breakout setup. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Therefore, MATIC\u2019s breakout above the flag\u2019s upper trendline could have it test $1.85 as its primary upside target. In other words, it could see a 100% price rally by the end of 2022 or at the beginning of 2023.<\/p>\n<p><strong><em>Related:\u00a03 reasons why DeFi investors should always look before leaping<\/em><\/strong><\/p>\n<p>Conversely, a pullback from the flag\u2019s upper trendline could lead MATIC toward the lower trendline near $0.67.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/warren-buffett-backed-neobank-picks-polygon-for-web3-token-matic-price-eyes-100-rally\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Warren Buffett-backed neobank picks Polygon for Web3 token \u2014 MATIC price eyes 100% rally &#8220; The price of Polygon\u2019s MATIC (MATIC)\u00a0coin could double by the end of 2022 or early 2023 due to a mix of extremely bullish fundamental and technical indicators. Polygon wins high-profile clients MATIC rose by nearly 6.5% four days after&#8230;<\/p>\n","protected":false},"author":1,"featured_media":503400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMDZiZjBhYTYtYjNkNi00NmRjLTkyN2EtNTA2M2IyMGE5OTkxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,76556,74939,113408,78261,93542,73821,73785,70760],"class_list":["post-503399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-fintech","tag-market-analysis","tag-polygon","tag-tech-analysis","tag-web3","tag-developers","tag-markets","tag-warren-buffett"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/503399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=503399"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/503399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/503400"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=503399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=503399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=503399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}