- Polygon price prediction may reach $3
- MATIC may reach the bullish price of $5 in 2022
This Polygon (MATIC) price prediction article is purely based on the opinion of CNL alone. In this article, you will see and learn the analysis we have considered in this MATIC price prediction.
The crypto space nowadays is composed of digital assets that are now flying high and creating new ATH. Polygon (MATIC) is a virtual asset that is now skyrocketing and taking the market’s center stage. This made investors and traders put their attention on the crypto.
The crypto market is now experiencing a bullish movement. Do you think MATIC will keep its uptrend position and blend with the rising market in 2022? Let us find out in this Polygon price prediction 2022, but before that, let us know more about What Is Polygon (MATIC)?
MATIC Overview (At the time of writing)
What Is Polygon (MATIC)?
Polygon is one of the solid cryptos that enables other networks to use its blockchain to power up their projects. Its core element is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Polygon has a native token — MATIC, an ERC-20 token based on the Ethereum blockchain. These tokens are used for the services on Polygon and as a settlement currency between users who operate within the Polygon marketplace.
Now that we already have knowledge about Polygon, do you think MATIC will be profitable crypto in 2022? Are you already curious to know? Therefore, join us and let us see the charts in this Polygon (MATIC) price prediction 2022.
MATIC Current Market Status
At the time of writing, MATIC trades at a bullish price of $2.67 per crypto with a growth rate of +24.5% in the past 7 days. In addition, the crypto has a huge market capitalization of almost $19 billion with a 24-hour trading volume of $2 billion. The crypto’s aggressive performance made MATIC one of the top 20 virtual assets in CoinGecko.
MATIC Price Prediction 2022
Based on the graph above, Polygon (MATIC) continues to maintain its uptrend position. This trend allows the crypto to reach a bullish position of a skyrocketing trading price above $2. Furthermore, the chart also displays the successful growth rate of the crypto to almost +350% from July 2021 to December 2021. Indeed,this is an aggressive performance that catches the attention of investors and traders around the world.
Furthermore, the chart is also printing a triangle ascending pattern. This means that MATIC continues to create a bullish pattern. If this trend continues, there might be a chance that the crypto might be able to break its $3 resistance level anytime soon.
Best of all, the crypto was able to show the bearish market that it could uplift itself from its territory. In the past months, MATIC was able to hit a bullish growth rate of over +300%. If MATIC will be able to do this all-mighty pump once again, the crypto may smash the skyrocketing price of $5 in 2022.
However, this price forecast depends on the market performance of the crypto. If the crypto will be able to convince more investors in the network, there is a big chance that MATIC may claim the $5 price and go beyond.
On the other hand, the Relative Strength Index (RSI) of the crypto is still within the 70/30 range. In short, MATIC is neither overbought nor oversold. This means that users can trade with confidence without the fear of any major price reversal. However, if the price of MATIC goes beyond the 70/30 range, it will be a different story.
Nevertheless, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
Polygon (MATIC) is one of the iconic digital assets in the crypto space. Therefore, the conclusion for the MATIC price prediction in 2022 amounts up to $5. However, this forecast still depends on how the market will treat MATIC in the future.
Aside from our MATIC price prediction 2022, we will also share some of the forecasts that other crypto analysis platforms made.
Market Prediction for MATIC Price 2022
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for MATIC amounts to $3.98.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for MATIC amounts to $4.8.
Market Prediction for MATIC Price 2022, 2023, 2024 and 2025
Polygon (MATIC) price prediction 2022 is up to $3.99 (estimated)
Polygon (MATIC) price prediction 2023 is up to $5.08 (estimated)
Polygon (MATIC) price prediction 2024 is up to $5.6 (estimated)
Polygon (MATIC) price prediction 2025 is up to $5.28 (estimated)
Polygon is one of the aggressive virtual networks in the crypto space. In fact, the crypto was able to maintain its uptrend position despite the bearish market. Through this, we can say that MATIC is a potential and trusted virtual asset in the crypto space and a good investment.
The price status of MATIC depends on many different factors, and one of them is the current market situation. If MATIC is able to invite more traders and stakers to the platform, there is a big chance that the price of MATIC will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the MATIC network, an event that is very uncontrollable.
The MATIC crypto is just like other cryptos that can be bought in various crypto exchanges. For instance, the Binance exchange is one of the famous crypto exchanges supporting MATIC crypto.
Yes, MATIC is a crypto that uses blockchain technology.
Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.
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