NewsletterHere’s How Much Your $100 Investment In Polygon Will Be Worth If MATIC Reaches $5
Polygon MATIC News: The Polygon network rose to popularity in a rapid pace over the last one year, thanks to its partnerships and expansion in various projects. This also led to steady growth in the Polygon (MATIC) price, so much so that it is now one of the favorite cryptocurrencies of popular faces in the industry. The token really picked up at the beginning of last year, when the bull run was just about starting. Although it rose manifold at all time highs, the recent pullbacks due to crypto crash incidents led to huge price correction for MATIC.
Also Read: Largest Dogecoin Whale Moves 4 Billion DOGE, Is It Elon Musk?
Polygon (MATIC) Price Prediction For Long Term
As of writing, MATIC price stands at $0.8021, up 1.27% in the last 24 hours, according to price tracking platform CoinMarketCap. At the peak of last year’s bull run, the cryptocurrency shot up to about six times its current value. Almost an year ago in December 2021, MATIC price was $2.72. Meanwhile, it is estimated that the top 10 ranked cryptocurrency could reach as much as $1.710 in a few years time, as per the estimates of cryptopredictions.com.
However, the website also estimates that the cryptocurrency could take a huge price jump going into 2023.
Also Read: Shiba Inu News: This Might Be The Reason Behind Shiba Inu Price drop
Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
Also Read: LUNC News: Terra Classic Developers Edward Kim, Zaradar To Work Together
The Polygon network also has few the metrics going its way currently. Recently, with the launch of former U.S. President Donald Trump’s NFT Trading Cards, Polygon NFT market saw increased traction. Also, the company tied up with major companies like Reddit platform, increasing scope for further expansion. The Polygon blockchain saw huge volumes of NFT trading volumes, raising speculation of MATIC price rise.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Tom Lee Says Bitcoin Could Hit New ATH In January As Hassett Becomes Favorite For Fed Chair
- 8 Best Crypto Exchanges That Accept PayPal Deposits and Withdrawals
- Jerome Powell Speech Today: What To Expect as Fed Ends QT
- Tom Lee’s BitMine Acquires 96,798 ETH Ahead of Ethereum Fusaka Upgrade
- Schiff Predicts ‘Beginning of the End’ for MSTR as Strategy Eases Bitcoin Sell-Off Fears With $1.44B Reserve
- Pi Network Price Prediction Ahead of December’s 190M Scheduled Unlock
- Dogecoin Price Below $0.15 as Crypto Market Crashes: Will $0.10 Hold?
- Will the Binance Coin Price Rebound as a Key RWA Metric Jumps 99%
- AVAX Price Prediction After Bitwise Files for a Staking ETF — A Rebound Coming?
- Will Chainlink Price Soar to $20 with U.S. Spot ETF Launch?
- Is Pepe Coin Price at Risk After Forming This Bearish Pattern?
