Polygon Token Price Analysis – New All-Time High This Week For MATIC?

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.

In response to Crypto Predictions, the worth may rise as excessive as $2.300 all through February and has the tendency to fall as little as $1.230.

Some analysts estimate the worth to hit $1.447, which is decrease than what monetary consultants have set their sights on.

Inside 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 complete market cap at $13.54 billion within the each day chart | Supply: TradingView.com

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Most crypto consultants imagine that MATIC will proceed to realize traction in the long term since there are nice possibilities that traders will proceed to pay extra consideration to it.

In 2023, the typical fee is seen to hit $5.68, with a minimal of $5.29. On the finish of that 12 months, the coin’s highest buying and selling worth is seen to be round $6.51.

Polygon Token Anticipated Worth Rise

Within the coming days and weeks, the worth of the Polygon coin is seen to extend much more based mostly on the technical evaluation mentioned above.

Its value could soar additional now that the bearish pattern line has been breached.

Primarily based on present indicators, if MATIC can break previous its present resistance stage, it would attain exceed $2.00.

Its value could 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 Adjustments Affecting MATIC’s Worth

In the meantime, new initiatives discover their method into the Polygon community, rising Polygon’s market worth.

Other than further shoppers, the variety of builders in Polygon’s ecosystem is rising as effectively.

For instance, Polygon has reached a big milestone with the recording of 11,400-plus developer groups in its system.

As well as, Polygon can be gaining extra institutional traders’ 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 worth of MATIC as an entire.

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Featured picture from Blockchain Information, chart from TradingView.com

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