Polygon Token Price Analysis – New All-Time High This Week For MATIC?
2022年2月16日 - 12:21AM
NEWSBTC
As of February 15, 2022, Polygon token MATIC has scaled its price
to $1.79 with a 24-hour price change of +11.14%. MATIC posted a low
of $1.60 and a high of $1.79 with a trading volume of
$1,196,485,293.19, up by 36.32% in the last 24 hours. According to
Crypto Predictions, the price might rise as high as $2.300
throughout February and has the tendency to fall as low as $1.230.
Some analysts estimate the price to hit $1.447, which is lower than
what financial experts have set their sights on. Within the second
quarter of 2022, the upward trend is forecast to increase. In April
and June, the anticipated price range is between a high of $1.257
and a successive low of $1.887, respectively. The average price for
April, May, and June is expected to be $1.479, $1.494, and $1.510.
MATIC total market cap at $13.54 billion in the daily chart |
Source: TradingView.com Related Reading | Why Terra (LUNA)
Will Reward Users With New Community Bounty Program Most crypto
experts believe that MATIC will continue to gain traction in the
long run since there are great chances that investors will continue
to pay more attention to it. In 2023, the average rate is seen to
hit $5.68, with a minimum of $5.29. At the end of that year, the
coin’s highest trading value is seen to be around $6.51. Polygon
Token Expected Price Rise In the coming days and weeks, the price
of the Polygon coin is seen to increase even more based on the
technical analysis discussed above. Its price may soar further now
that the bearish trend line has been breached. Based on current
indicators, if MATIC can break past its current resistance level,
it might reach exceed $2.00. Its price may climb in the days ahead.
A new all-time high is possible if Bitcoin continues its upward
trend and MATIC keeps its own steady momentum. Market Changes
Affecting MATIC’s Value Meanwhile, new projects find their way into
the Polygon network, increasing Polygon’s market value. Aside from
additional consumers, the number of developers in Polygon’s
ecosystem is growing as well. For example, Polygon has reached a
significant milestone with the recording of 11,400-plus developer
teams in its system. In addition, Polygon is also gaining more
institutional investors’ support. Sequoia Capital has made a $450
million investment in the current Polygon fundraising round.
Polygon’s growth is aided by these investments which, in turn,
raises the price of MATIC as a whole. Related Reading
| Scaramucci’s Skybridge Capital Launches Ethereum Fund
Featured image from Blockchain News, chart from TradingView.com
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