As of now, the MATIC price prediction for Polygon is USD 550. The MACD line and the signal line are both above zero so there will be a bullish trend in the near future. The next resistance is at USD 607 and the short-term trend predicts that it will be broken soon. This means that Polygon could reach USD 744 within a week. As of now, even on a bearish trend, Polygon still has an expected return of 9% which means that investors should keep their eyes on this cryptocurrency.
In the last two months, MATIC (Matic Network) has proven to be a safe investment. The price of Polygon has increased by over +68% in a short span of time as the market is bullish for this cryptocurrency. This cryptocurrency has seen an increase in trading volume as well which was only USD 100 million in the start of May and it has increased to over USD 600 million currently. Even though it is doubtful that Polygon will reach the price of Ethereum (ETH) anytime soon, Polygon could still be a good investment option for investors.
Polygon offers Dapps on its blockchain which can be used by anyone around the world without any problems. Since it is cheaper and faster, Polygon could see a lot of dApps on its blockchain which will lead to a rise in the value of Polygon. As of now, Polygon has seen partnerships with companies like Syscoin which will help its growth as well.
What’s MATIC?
MATIC is an Autonomous Decentralized Organization (ADO) on the Ethereum blockchain. It comes with an inbuilt consensus mechanism and utility token which will bring about the mass adoption of its blockchain technology. MATIC tokens can also be used to pay for services on its blockchain network as well as benefit from a decentralized advertising network that runs on top of its blockchain technology.
Why MATIC is undervalued?
The prediction model used to estimate the price of MATIC has not been built yet hence it cannot be used as a reason for its current price of USD 0.39. On the other hand, there are several good things about this cryptocurrency which include: speed, decentralization and generic utility which are features that should be widely useful to any potential consumers in the long run.
What does MATIC stand for?
The MATIC price prediction for Polygon is about to increase as tailwinds widen The MATIC price prediction for Polygon is about to increase as tailwinds widen As of now, the MATIC price prediction for Polygon is USD 550. The MACD line and the signal line are both above zero so there will be a bullish trend in the near future. The next resistance is at USD 607 and the short-term trend predicts that it will be broken soon. This means that Polygon could reach USD 744 within a week.
As of now, even on a bearish trend, Polygon still has an expected return of 9% which means that investors should keep their eyes on this cryptocurrency.
MATIC stands for Matic Network. Matic Network is a highly scalable and flexible blockchain platform that offers a solution to the scalability problem that is facing Ethereum (ETH) and Bitcoin (BTC) right now. Scalability is one of the problems that are stopping dApps from reaching mass adoption right now because it affects the user experience as well as hinders the growth of dApps.
