As of February 15, 2022, Polygon token MATIC has scaled its value to $1.79 with a 24-hour value change of +11.14%.
MATIC posted a low of $1.60 and a excessive of $1.79 with a buying and selling quantity of $1,196,485,293.19, up by 36.32% within the final 24 hours.
Based on Crypto Predictions, the value would possibly rise as excessive as $2.300 all through February and has the tendency to fall as little as $1.230.
Some analysts estimate the value to hit $1.447, which is decrease than what monetary specialists have set their sights on.
Throughout the second quarter of 2022, the upward pattern is forecast to extend.
In April and June, the anticipated value vary is between a excessive of $1.257 and a successive low of $1.887, respectively.
The typical value for April, Might, and June is predicted to be $1.479, $1.494, and $1.510.
MATIC whole market cap at $13.54 billion within the day by day chart | Supply: TradingView.com
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Most crypto specialists imagine that MATIC will proceed to realize traction in the long term since there are nice possibilities that buyers will proceed to pay extra consideration to it.
In 2023, the typical price is seen to hit $5.68, with a minimal of $5.29. On the finish of that yr, the coin’s highest buying and selling worth is seen to be round $6.51.
Polygon Token Anticipated Value Rise
Within the coming days and weeks, the value of the Polygon coin is seen to extend much more primarily based on the technical evaluation mentioned above.
Its value might soar additional now that the bearish pattern line has been breached.
Based mostly on present indicators, if MATIC can break previous its present resistance degree, it would attain exceed $2.00.
Its value might climb within the days forward. A brand new all-time excessive is feasible if Bitcoin continues its upward pattern and MATIC retains its personal regular momentum.
Market Modifications Affecting MATIC’s Worth
In the meantime, new initiatives discover their means into the Polygon community, rising Polygon’s market worth.
Except for further customers, the variety of builders in Polygon’s ecosystem is rising as nicely.
For instance, Polygon has reached a major milestone with the recording of 11,400-plus developer groups in its system.
As well as, Polygon can be gaining extra institutional buyers’ help.
Sequoia Capital has made a $450 million funding within the present Polygon fundraising spherical.
Polygon’s progress is aided by these investments which, in flip, raises the value of MATIC as an entire.
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Featured picture from Blockchain Information, chart from TradingView.com