Despite the pessimism and fear among the investors of an upcoming bear market causing the crypto charts to bleed in red on all trading exchanges, we have a few strong contenders behaving otherwise with a  bold show of green candles. In case you are still not aware, we are talking about the Polygon Network. It has remained in green with minor fluctuations due to the rollout of new features, cross-chain migration, the introduction of polygon featured exchange-traded products, and last but not least, asset management tools. Let's talk about the best Crypto management tools that run on Polygon.

In the line of new products and features introduced, it is the asset management tools piquing investor attention. In the span of the last 6 months, on the Polygon Network, renowned Asset Under Managers (AUM) funds like Osprey, Bitwise, and SET have been welcomed. These asset funds allow quick exposure to high-income earning opportunities; however, they need a medium that is cost-effective and quick to switch between portfolios for generating better returns. Hence the demand for the best asset management tools is on the rise in the Polygon ecosystem. In this article, we shall look at five of the best asset management tools if you want to enter AUM funds for better returns. 

Asset management tools are decentralized applications facilitating investment in a basket of crypto assets under management. Using the asset management tools, investors can track the asset value and get suggestions to invest in a wide range of asset classes with no intermediary involved. Hence if you are looking for steady profits, asset management tools can help you in your pursuit. 

It is a decentralized protocol facilitating portfolio management built on top of the Ethereum chain with Polygon as the partner network to facilitate low-cost transactions. Using the dHedge dapp, investors or asset managers can trade in synthetic crypto assets, foreign exchanges, commodities, and equities. For investors, it is possible to open long and short positions against a basket of cryptocurrencies and get exposure from the same.

The dHedge ecosystem uses smart-contracts to trade on behalf of the investors. However, if you are thinking that by doing so the investor would lose control of their funds, that would be completely wrong on the dHedge ecosystem. As it works in a non-custodial manner. 

To keep the entire DeFi or decentralized finance ecosystem on the tip of your finger, you need the Instadapp application. With the help of the Instadapp application, investors can aggregate multiple DeFi layers/ecosystems and get a synetic token minted. Whenever the basket of assets deviates or changes its course, it will be replaced by a basket of new assets that can derive better returns.

Using the Instadapp application, investors can even venture out within the realms of crypto flash loans and make quick gains. Not only this, there is a further upside where exposure to a new operability layer is possible, opening gates to access extension of existing products. Hence allowing more ways to improve the ROI and capitalize on gains.

Metamask is the perfect asset management tool to pick since there will be a fixed gas cost levied for doing transactions as per the EIP-1559 event. Using the Metamask wallet, investors can explore blockchain applications in seconds and engage with tokens swaps, NFTs drops, and transfers at marginal gas cost. To bring crypto assets from various ecosystems that adhere to the ERC standards, Metamask is an undisputed choice. 

If you want a perfect tool to interact with the crypto index funds, StakerDAO scores all brownie points. Being a non-custodial wallet, it restores control of the assets in the hands of the investor. On top of this, the DAO dashboard provides all valuable intel like staking strategies, suggestions for top staking protocols, and easy-to-understand guides keeping you always ahead of the learning curve in your investment journey. 

The purpose of Token Pocket is to break barriers between products, companies, and communities that exist in the crypto space. Using the token pocket wallet, you can do more than just send and receive cryptocurrencies. Token Pocket introduces a Dapp store of its own. Using the Dapp store, you can access all Dapps built on top of the token pocket ecosystem. Additionally, you can control them from one common dashboard. 

Along with this, you can also engage in performing a wide range of blockchain activities ranging from voting for your favorite block producer to earn rewards to engaging in cross-chain token swaps using the following tokens: EOS, TRX, ETH, BTT, USDT, HT, DAI, TUSD, and USDC. After the launch of the Token Pocket ecosystem, it has become simpler to swap tokens across various blockchain networks. So, once you secure profits, you can convert your profits to the token of your choice at negligible fees. 

Polygon Price hit recently a price of $ 2.44 and was able to climb even further. However, this has led to a “fake breakout”. The recent crypto and stock market crash took a toll of all asset classes, even for MATIC. Today, the price is again on the trend line and presents a good entry point. But how could things go on with the Polygon price? Will we rise again by around 50%? Let's tackle this in our awesome Polygon Price Prediction 😉

On another note, we at CryptoTicker offer a Premium Discord channel. There you will receive trading ideas and professional trading support. Our Premium Discord is not just about trading. You will also find out the latest crypto trends early enough, from which you can benefit massively or at least exit the market. That’s why most of our traders are successful and managed to minimize their risk exposure during this current crash.

Polygon prices are still in the ascending triangle due to the fake breakout. The price was recently able to find support on the trendline, which is why we assume that the triangle is currently intact. As the trendline is heading towards the +/- $ 2.44 resistance, a breakout could occur soon. We still believe the outbreak will progress. Before the polygon price breaks the resistance of $ 2.44, let's not assume prices higher than $ 2.44.

----> Click here to Buy MATIC <----

The polygon price was able to completely form a trend channel through the fake breakout. Now we have a confirmed upper trend line and a lower one. The price might test the upper trendline next, as we recently hit the lower one. This harmonizes perfectly with the ascending triangle. The ascending triangle should soon burst as well. Should the price hold the lower trend line, we assume that the price could soon be at +/- $ 3.3. The upper trend line of the trend channel is located there. We also have a running ABC sequence that was confirmed by the fake breakout from the triangle. The ABC sequence has the first target at around $ 3.3. Thus, all three chart patterns are currently blending nicely, which gives us confirmation that this is what will happen.

On the other hand, it is always safe to place your stop-loss to limit your...losses! A sensible SL for Matic's case would be just below the lower trendline of the channel, which is around $1.8 - $1.9.

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The cryptocurrency market is officially in a consolidation state. Many crypto enthusiasts don't know which token to buy and await further market movement. Polygon MATIC always received a warm welcome from the crypto sphere, despite its corrections in prices every now and then. Today, on the other hand, technical analysts managed to spot an interesting formation for the Polygon MATIC price. Should you really buy MATIC in anticipation of higher prices?

Polygon is a project that aims to bring Ethereum’s blockchain to the masses. In order to do so, it provides an easy “plug-and-play” solution to crypto projects. This not only increases the demand for Ethereum but also for the entire crypto industry. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other kind of infrastructure required by the developer.

Polygon effectively transforms Ethereum into a full-fledged multi-chain system. That’s why it was given the attribute of the “Internet of Blockchains”. This multi-chain system is related to other projects such as Polkadot, Cosmos, and Avalanche with the advantages of Ethereum’s security, smooth ecosystem, and openness.

–> Buy MATIC Token Here <–

Looking at figure 1, we can clearly notice an ascending triangle. This is considered a continuation pattern of the previous trend. Since the price rose between April 2021 and May 2021, the upward trend could continue. The big explosion in MATIC price could even happen before the end of the year because we have been in the last third of the triangle for a few days now (formations usually erupt in the last third). 

Since we are currently on the lower trend line, MATIC price could soon be heading for the resistance of +/- $ 2.44. Either we break the resistance and break out or we go again towards the trend line.

If we look at the volume, we can see that as the price increases, it has a steadily increasing volume as well. As soon as there is a correction, the volume steadily decreases. This means that we are in an uptrend. Additionally, since the volume is very low at the moment, we might see a pump. This pump could only go as far as the $ 2.44 resistance for now or we might break out right away. This would also make sense when we look at recent highs. These are steadily higher. So we would expect a new higher high, which would also mean an outbreak.

Of course, there are two very important factors that also contribute to MATIC's resistance break, which are the specific fundamentals of the Polygon project and the overall cryptocurrency market's sentiment. If the crypto market recovers and becomes bullish, MATIC's price will definitely increase in tandem. Also, if we hear positive news in the market regarding the Polygon project, MATIC's price would increase.

The cryptocurrency market is officially in a consolidation state. Many crypto enthusiasts don't know which token to buy and await further market movement. Polygon MATIC always received a warm welcome from the crypto sphere, despite its corrections in prices every now and then. Today, on the other hand, technical analysts managed to spot an interesting formation for the Polygon MATIC price. Should you really buy MATIC in anticipation of higher prices?

Polygon is a project that aims to bring Ethereum’s blockchain to the masses. In order to do so, it provides an easy “plug-and-play” solution to crypto projects. This not only increases the demand for Ethereum but also for the entire crypto industry. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other kind of infrastructure required by the developer.

Polygon effectively transforms Ethereum into a full-fledged multi-chain system. That’s why it was given the attribute of the “Internet of Blockchains”. This multi-chain system is related to other projects such as Polkadot, Cosmos, and Avalanche with the advantages of Ethereum’s security, smooth ecosystem, and openness.

–> Buy MATIC Token Here <–

Looking at figure 1, we can clearly notice an ascending triangle. This is considered a continuation pattern of the previous trend. Since the price rose between April 2021 and May 2021, the upward trend could continue. The big explosion in MATIC price could even happen before the end of the year because we have been in the last third of the triangle for a few days now (formations usually erupt in the last third). 

Since we are currently on the lower trend line, MATIC price could soon be heading for the resistance of +/- $ 2.44. Either we break the resistance and break out or we go again towards the trend line.

If we look at the volume, we can see that as the price increases, it has a steadily increasing volume as well. As soon as there is a correction, the volume steadily decreases. This means that we are in an uptrend. Additionally, since the volume is very low at the moment, we might see a pump. This pump could only go as far as the $ 2.44 resistance for now or we might break out right away. This would also make sense when we look at recent highs. These are steadily higher. So we would expect a new higher high, which would also mean an outbreak.

Of course, there are two very important factors that also contribute to MATIC's resistance break, which are the specific fundamentals of the Polygon project and the overall cryptocurrency market's sentiment. If the crypto market recovers and becomes bullish, MATIC's price will definitely increase in tandem. Also, if we hear positive news in the market regarding the Polygon project, MATIC's price would increase.

While the cryptocurrency market is retracing, Polygon MATIC prices gained more than 3% in the past 24 hours. Bitcoin played a major role in the crypto market downfall. Its price adjustment was inevitable after such an extended rise. However, MATIC seems to continue on its path upward, eyeing an important psychological price area. Will MATIC price continue going upwards or will it retrace back like most cryptocurrencies?

If we look at the general trend of Polygon MATIC, we can clearly see an uptrend since the beginning of the month of October 2021. Prices reversed their previous downtrend and had a first target to reach the price area of USD 1.8. The current price of MATIC is above this price, currently around USD 1.83.

Today, while most cryptocurrencies are down, MATIC is showing a strong resistance around the USD 1.8 price area.

The cryptocurrency market is already retracing, so it won't be a huge surprise if MATIC prices also follow soon. If we plot the Fibonacci retracement, we can estimate a retracement towards the USD 1.55 price area. Of course, this all depends on different factors:

• The general crypto sentiment
• Bitcoin's price
• MATIC's fundamentals

Even if all the above are in place, we might still have a retracement towards the 38.2% area. In fact, this is a normal price-action behavior whenever an uptrend is happening.

If you really want to buy MATIC and dip your toes in the Polygon infrastructure, we advise you to open the following trade setup:

• Entry: USD 1.8
• SL: USD 1.7
• TP: USD 2.2

However, we don't recommend opening any position currently, especially while the entire crypto market is down.

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Rudy Fares