Polygon (MATIC) Gaming Altcoin Price Rises, Following Coinbase Support

A gaming altcoin just saw its price rise recently, and we’ll address the issue below.

Top US crypto exchange Coinbase is rolling out support for a low-cap gaming altcoin. This has been spurring a price surge for the token.

“VOXEL, the native altcoin of the tactical RPG game Voxie Tactics, is up more than 36% than this week, thanks largely to a sizeable price jump after the Coinbase announced it was considering adding the coin to its trading lineup,” the online publication the Daily Hodl notes.

Just a couple of days later, Coinbase has now officially announced it is indeed adding support for the altcoin on the Polygon (MATIC) network.

The exchange says trading will begin on Thursday. This will be happening as long as liquidity conditions are met. The 467th-ranked crypto asset by market cap is trading around $0.404 at time of writing.

Popular crypto strategist Michaël van de Poppe believes that Bitcoin (BTC) is gearing up for a burst to the upside as it now trades above a key level.

Van de Poppe said that traders who are betting against the king crypto might provide the necessary fuel for a rally toward his target of $28,000.

“People properly eagerly start to short, so cracking $23,200 is inevitably continuation towards $26,000-$28,000 on the charts.”

While the analyst says he’s still looking for a correction toward $21,700, he acknowledges that Bitcoin trading activity is on the up, suggesting that momentum is on the side of BTC bulls.

“Bitcoin still eagerly holding the levels of the range low. I’m still favoring a sweep of $21,700 as the most optimal long entry, but people are so hyped to get in the markets that, most likely, we won’t get it. In that regard, continuation to $26,000-$28,000 seems likely.”

As the online publication the Daily Hodl notes, crypto strategist Pentoshi also shares the same view on Bitcoin.