New market entrant Retik Finance (RETIK) has recently dominated the cryptocurrency market with an impressive presale performance. The presale, which debuted a little over a week ago, has already raised over $1.4 million without VC involvement. It is currently in the second stage, with the RETIK token priced at $0.04. The first stage sold out within 72 hours to raise $450,000.
While Retik Finance gains momentum, Polygon (MATIC) and Polkadot (DOT) struggle to maintain green candles. MATIC and DOT have slipped 8.26% and 4.35% in the past week.
In this article, we will examine the current price movements of Polygon, Polkadot, and Retik Finance.
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Polygon (MATIC) Price Prediction: Why is Polygon falling?
Polygon (MATIC) is a leading Ethereum layer-2 scaling solution that offers a platform to deploy and connect blockchain applications. Polygon has faced lots of challenges lately, sending its value over 70% below its record high of $2.92 in December 2021. Polygon’s price has been affected by lawsuits, profit-takers, and a market-wide fall that began in 2022. Earlier this year, the United States Securities and Exchange Commission (SEC) accused MATIC of being an unregistered security. The platform later announced Polygon 2.0, an upgrade designed to be more decentralized. MATIC will be replaced by a new token, POL. POL debuted on the Ethereum mainnet on November 25, where users can trade their MATIC in a 1:1 ratio. The 8.26% drop over the past month could reflect investors’ lack of contentment with the solution.
Polygon is hovering around 0.78 as of December 21, 2023. While its market sentiment remains bearish, Coincodex has predicted an end-of-year rally that could push MATIC to $0.82 by January.
Polkadot (DOT) Price Prediction: Why is Polkadot falling?
Polygon is not the only token whose price has been affected by cryptocurrency macro activities. Polkadot, trading around $7, has dropped more than 85% from its record high of $54 in November 2021. Notice how both tokens peaked around the same time. 2022 was a year of government crackdowns on cryptocurrencies, the collapse of various crypto firms, and profit-taking, all of which contributed to Polkadot’s decline. The SEC’s activities in 2023 also contributed to DOT’s failure to realize its upside potential. Coincodex predicts a 6.26% drop to $6.46 by Christmas.
Retik Finance (RETIK) Price Prediction: How much will Retik cost in 2024?
Retik Finance (RETIK) is set for a bullish 2024 thanks to a unique market proposition. Retik Finance seeks to revolutionize global payments with its DeFi solutions.
One of its standout features is the DeFi debit card. Think standard debit cards but connected to your crypto wallet, allowing you to use your assets to finance everyday expenses like grocery shopping. Best part? The cards convert your crypto to cash too, enabling you to use them even at locations that do not accept crypto payments. What’s more, they can be used for cash withdrawals at ATMs anywhere. And with each transaction, you qualify for up to 5% in cashback rewards.Retik Finance also features a non-custodial, multichain wallet that serves as a holistic DeFi solution with activities like swapping, staking, mining, lending, and borrowing, among others. The wallet also elevates the DeFi experience with central exchange-like features.
The lending experience is futuristic. Retik Finance offers the world’s first AI-powered P2P lending platform. The platform uses machine learning technologies to connect lenders with borrowers and address the various shortcomings of conventional platforms.
For merchants and online businesses looking to integrate crypto payments, Retik Pay is a powerful solution. It is cheaper, more efficient, and has a global reach. And it can be integrated with any e-commerce platform. These provisions have made RETIK a hot cake in presale. Market analysts predict between 50x and 100x in the upcoming year. This means RETIK will be worth more than $4 by the end of 2024.As an investor, Retik’s ongoing presale is a golden opportunity to get on the ground floor of a future titan. The project’s potential is undeniable. The decision to launch the project through a decentralized token sale demonstrates the team’s commitment to a decentralized future. The project could have secured funding from tier-1 venture capital firms, but instead, it is giving everyone a front-row seat to change and explosive growth.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com/
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
Source: https://www.analyticsinsight.net/retik-finance-retik-presale-catches-fire-raises-1-4-million-polygon-matic-and-polkadot-dot-set-to-face-uphill-tasks/