The price of Polygon\u2019s MATIC (MATIC<\/a>)\u00a0coin could double by the end of 2022 or early 2023 due to a mix of extremely bullish fundamental and technical indicators.<\/p>\n 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<\/a> Polygon\u2019s \u201cSupernets technology\u201d for its blockchain and digital token, dubbed Nucoin.<\/p>\n \u201cNubank plans to airdrop the digital token to its customers in the first half of 2023,\u201d the official announcement read, adding: <\/p>\n \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 #Polygon<\/a> is taking @Nubank<\/a> from #Web2<\/a> ➡️ #Web3<\/a>!<\/p>\n In a strategic partnership with Polygon, Nubank is launching its own chain using #PolygonSupernets<\/a> & thus its digital token Nucoin #onPolygon<\/a> <\/p>\n This move will open the gateway for 70 mn+ Nubank users to the #Web3<\/a> space pic.twitter.com\/Fu06Vi7IpV<\/a><\/p>\n \u2014 Polygon – MATIC (@0xPolygon) October 19, 2022<\/a><\/p><\/blockquote>\n As a result of the rally, MATIC was changing hands for $0.90 on Oct. 24, its highest level in three weeks.<\/p>\n 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 GameSwift employed the product to launch its custom blockchain.<\/p>\n 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 The Nubank news surfaces as MATIC paints what appears to be a bullish continuation pattern on its lower-timeframe chart.<\/p>\n 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 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>\nPolygon wins high-profile clients<\/h2>\n
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MATIC eyes bull flag breakout<\/h2>\n
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