NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Polygon Price May Surpass $1.50 In February – Here’s Why

Olowoporoku Adeniyi
Olowoporoku Adeniyi
2 years ago
3 mins read
Polygon Price May Surpass $1.50 in February: Here's Why

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Polygon price is still moving upward and is comfortably above the $1.20 mark as it continues its ascent toward $2. According to data from CoinMarketCap, the leading Layer-2 blockchain has gained an impressive 67% since the start of the year as the crypto market continues to recover from the extended bearish period of 2022. 

Polygon’s growth has been attributed to solid fundamentals, and its native token, MATIC, could surpass $1.50 in February due to a few factors. 

Polygon Spurred By DeFi Growth

Polygon has performed well in the DeFi sector in the past with its unique infrastructure and low transaction fees attracting new and established platforms to its ecosystem. The latest platform to join this trend is Dopex finance. Polygon announced on February 4 that the decentralized options protocol had launched on its blockchain. 

It further stated that this was a step forward for Dopex as it would reach a wider user base and provide opportunities for traders to take advantage of its novel features. Following the announcement, MATIC’s price responded positively, and its daily and weekly charts are in the green zone. 

Related reading: MATIC Gains Over 20% As Polygon Network Records Biggest Whale Transaction Of 2023

This development comes after the Polygon team completed a hard fork on its blockchain network. According to Polygon the hard fork would significantly reduce price fluctuations on its network while following the gas mechanisms of Ethereum. It would also ensure that gas fees remain relatively lower during peak periods on its network. 

MATIC’s price surge could have been a significant factor in the token’s popularity among crypto whales. According to data from the crypto tracking platform WhaleStats, MATIC surpassed Shiba Inu (SHIB) to become the most-traded token from Ethereum (ETH) whales.  

In addition, data from DeFiLlama reveals that the Total Value Locked (TVL) on Polygon has increased since the turn of the year to $1.2 billion. Furthermore, the token is among the most discussed on social media, and its daily on-chain transaction volume has also increased. 

Polygon Price Shows Strong Fundamentals 

Presently, there are positive sentiments regarding the current upward movement of MATIC, and the digital asset is showing solid fundamentals that indicate further price growth. The token is trading well above what was expected this week by several analysts. 

Related reading: The Crypto Dream Team: Binance Coin (BNB), Polygon (MATIC), and Orbeon Protocol (ORBN)

MATIC has established support above the $1 mark, which means that the bulls are in control, and we could see further consolidation in the coming days. The current resistance level is $1.50, and if the trading volumes continue to rise, we could have a price closer to $2. 

 

Polygon trading at $1.22|Source: MATICUSD chart on Tradingview.com
Polygon trading at $1.22|Source: MATICUSD chart on Tradingview.com

Despite these positive indicators, the market is still fickle, and there’s a slim chance that there could be a pullback before the next price surge. MATIC is currently trading at $1.21 at the time of writing. It is down 2.5% in the last 24 hours but has gained 6% in the past week. 

Featured image from Capital.com, chart from Tradingview.com

Tweet123Share196ShareSend
Olowoporoku Adeniyi
Olowoporoku Adeniyi

Olowoporoku Adeniyi

Situs Pkv Games
Pkv Games
pkv games qq
Pkv Games bandarq
daftar Pkv Games qq
qq online

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.

Related News

BTC All-Time High

Crypto expert: Bitcoin bereikt nieuwe ATH van $112k, betekent dit start van altcoin season?

Nu Bitcoin een nieuwe all-time high heeft gehaald, roert de crypto space zich weer flink. Op het moment van schrijven,...

Lars Diederiksen 7 hours ago
Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm

Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm

Bitcoin is testing uncharted territory after breaking past its previous all-time high of $112,000 last Thursday, igniting a powerful new...

Sebastian Villafuerte 4 hours ago
Pump.fun Public Sale Ends In 12 Minutes: Token Distribution Now Underway

Pump.fun Public Sale Ends In 12 Minutes: Token Distribution Now Underway

Pump.fun, the Solana-based platform enabling users to easily launch and trade custom tokens—especially meme coins—has just marked a historic milestone....

Sebastian Villafuerte 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana

Solana (SOL) Set For Price Run To $2,700 — But This Condition Must Hold

Semilore Faleti 1 hour ago
Bitcoin

Who Flipped The Switch? Bitcoin STHs Accumulate While LTHs Take Profit

Opeyemi Sule 2 hours ago
Bitcoin price

Bitcoin Price Could Soar To $146K In The Next Leg Up — Analyst Explains How

Opeyemi Sule 3 hours ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    20 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    20 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    20 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    20 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    21 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

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.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.