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MATIC Cryptocurrency Report Recommendation: Sell Reasons for Selling: Ecosystem Funding Depletion: The MATIC ecosystem is experiencing significant financial strain, with funding sources drying up. This lack of capital is hindering further development and growth initiatives. Lack of Results Despite Longevity: Despite being in operation for over six years, MATIC has failed to deliver substantial results or achieve significant milestones. This prolonged period without meaningful progress raises concerns about its viability and future prospects. Ethereum ETF Approval: The recent approval of the Ethereum ETF presents a major competitive threat. With Ethereum gaining more institutional support and investment, there is a growing possibility that alternative chains like MATIC could become obsolete. Given these factors, we advise investors to consider selling their MATIC holdings to mitigate potential losses and reallocate their investments to more promising opportunities.

A recent chart analysis based on the 4-hour candlestick shows a bearish engulfing pattern. This pattern is a strong sell signal, indicating that if the current support level fails to hold, further decline is expected. Specifically, if the current price level breaks down, it is likely to drop to $1.50. With trading volume increasing and selling pressure mounting, investors need to closely monitor the market situation. If the $1.50 support level does not hold, a continued downtrend may ensue. Therefore, considering a short position in the short term might be advisable. As the overall market sentiment is turning bearish, a cautious investment strategy is necessary.LES GOADD MORE SHORT

If it receives support at around $0.18, it can receive support up to $0.5. Automata Network is a modular attestation layer that extends machine-level trust to Ethereum by leveraging optimistic rollups and zero-knowledge proofs in its Proof of Machinehood approach. The application-specific rollup allows on-chain verification for out-of-protocol computation, which creates an unbroken chain of trust that extends upwards through the entire Web3 stack.

Unique Concept, Sam Altman, AI Worldcoin is a new global cryptocurrency aiming to become the largest and most inclusive cryptocurrency network in the world by giving Worldcoin to everyone for free. Worldcoin has built a device called the Orb, which captures an image of a person's eyes and converts it into a short numeric code, making it possible to check if the person has already signed up. If not, they will receive their free share of Worldcoin. The original image will not need to be stored or uploaded.

Within about two years, the price could not rise due to selling pressure in the $6 to $8 range. If it breaks through that range, the price is expected to rise to the $15 to $20 range.