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

Christian Encila

1 year ago

2 mins read

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As of February 15, 2022, Polygon token MATIC has scaled its price to $1.79 with a 24-hour price change of +11.14%.

MATIC posted a low of $1.60 and a high of $1.79 with a trading volume of $1,196,485,293.19, up by 36.32% in the last 24 hours.

According to Crypto Predictions, the price might rise as high as $2.300 throughout February and has the tendency to fall as low as $1.230.

Some analysts estimate the price to hit $1.447, which is lower than what financial experts have set their sights on.

Within the second quarter of 2022, the upward trend is forecast to increase.

In April and June, the anticipated price range is between a high of $1.257 and a successive low of $1.887, respectively.

The average price for April, May, and June is expected to be $1.479, $1.494, and $1.510.

MATIC total market cap at $13.54 billion in the daily chart | Source: TradingView.com

Most crypto experts believe that MATIC will continue to gain traction in the long run since there are great chances that investors will continue to pay more attention to it.

In 2023, the average rate is seen to hit $5.68, with a minimum of $5.29. At the end of that year, the coin’s highest trading value is seen to be around $6.51.

Polygon Token Expected Price Rise

In the coming days and weeks, the price of the Polygon coin is seen to increase even more based on the technical analysis discussed above.

Its price may soar further now that the bearish trend line has been breached.

Based on current indicators, if MATIC can break past its current resistance level, it might reach exceed $2.00.

Its price may climb in the days ahead. A new all-time high is possible if Bitcoin continues its upward trend and MATIC keeps its own steady momentum.

Market Changes Affecting MATIC’s Value

Meanwhile, new projects find their way into the Polygon network, increasing Polygon’s market value.

Aside from additional consumers, the number of developers in Polygon’s ecosystem is growing as well.

For example, Polygon has reached a significant milestone with the recording of 11,400-plus developer teams in its system.

In addition, Polygon is also gaining more institutional investors’ support.

Sequoia Capital has made a $450 million investment in the current Polygon fundraising round.

Polygon’s growth is aided by these investments which, in turn, raises the price of MATIC as a whole.

Featured image from Blockchain News, chart from TradingView.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.