Decentral Block Post

The price of Polygon’s MATIC (MATIC) coin 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 Nubank, a Brazilian fintech company backed by Warren Buffett’s Berkshire Hathaway and Softbank, confirmed that it selected Polygon’s “Supernets technology” for its blockchain and digital token, dubbed Nucoin.

“Nubank plans to airdrop the digital token to its customers in the first half of 2023,” the official announcement read, adding:

“These tokens will serve as the basis for its customers loyalty rewards program and will have benefits such as discounts and other advantages.”

As a result of the rally, MATIC was changing hands for $0.90 on Oct. 24, its highest level in three weeks.

The crypto market downturn is proving a difficult storm to weather for both investors and businesses alike in the industry. However, according to new data, this hasn’t stopped women from being bullish on crypto.

A new survey conducted by BlockFi, a crypto trading and investment platform, asked women across the United States about their views of and participation in the crypto industry between Sept. 2021 and Mar. 2022.

According to the findings one in ten women chose crypto as their first investment, with 17% of that being Millennial women investors and 11% Gen Z. Findings even revealed that of the women surveyed 7% of Gen X, which includes individuals born between 1965-1980, reported crypto as their first investment.

However, as past data has revealed, more education and clarity surrounding the space is needed to make investors feel secure and confident in their investment.

The survey highlighted that while an overwhelming majority of surveyed women (81%) have heard of crypto, 77% still view it as a risky investment.

Bitcoin (BTC) starts the last week of “Uptober” in a firmly average mood as the trading range to end all trading ranges continues to stick.

After a welcome attempt to break out, BTC/USD remains bound to a narrow corridor now in place for weeks.

Some of the lowest volatility in history means that Bitcoin has found a temporary function as a "stablecoin" — even some major fiat currencies are currently more volatile.

The longer the status quo drags on, however, the more convinced commentators are that a major trend change will enter.

This week is as good as any, they argue — macroeconomic data, geopolitical instability and classic volatility around the monthly close are all factors at play when it comes to shaking up a decidedly boring Bitcoin market.