Polygon MATIC News: The Polygon network has grown in popularity at a rapid pace over the past year, thanks to its partnerships and expansion into various projects. It has also led to a steady growth in 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 start of last year as the bull run was about to begin. Although it has risen several levels to all-time highs, recent pullbacks due to crypto crash incidents have resulted in a huge price correction for MATIC.
Long Term Polygon (MATIC) Price Prediction
At the time of writing, MATIC price stands at $0.8021, up 1.27% in the last 24 hours, according to the price-tracking platform CoinMarketCap. At the peak of last year’s bull run, the cryptocurrency soared to about six times its current value. Almost a year ago, in December 2021, the MATIC price was $2.72. Meanwhile, it is estimated that the top 10 cryptocurrencies could reach as high as $1,710 in a few years, according to estimates from cryptopredictions.com.
However, the website also estimates that the cryptocurrency could take a huge jump in price by 2023.
Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
The Polygon network also has few metrics currently underway. Recently, with the launch of Former US President Donald Trump’s NFT Trading Cards, the Polygon NFT market has seen increased traction. Additionally, the company has partnered with big companies such as the Reddit platform, increasing the scope for expansion. The Polygon blockchain has seen huge volumes of NFT transaction volumes, raising speculations of rising MATIC prices.
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