Polygon MATIC News: The Polygon network rose to popularity in a rapid pace over the last one year, thanks to its partnerships and expansion in various projects. This also led to steady growth in the 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 beginning of last year, when the bull run was just about starting. Although it rose manifold at all time highs, the recent pullbacks due to crypto crash incidents led to huge price correction for MATIC.
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As of writing, MATIC price stands at $0.8021, up 1.27% in the last 24 hours, according to price tracking platform CoinMarketCap. At the peak of last year’s bull run, the cryptocurrency shot up to about six times its current value. Almost an year ago in December 2021, MATIC price was $2.72. Meanwhile, it is estimated that the top 10 ranked cryptocurrency could reach as much as $1.710 in a few years time, as per the estimates of cryptopredictions.com.
However, the website also estimates that the cryptocurrency could take a huge price jump going into 2023.
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Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
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The Polygon network also has few the metrics going its way currently. Recently, with the launch of former U.S. President Donald Trump’s NFT Trading Cards, Polygon NFT market saw increased traction. Also, the company tied up with major companies like Reddit platform, increasing scope for further expansion. The Polygon blockchain saw huge volumes of NFT trading volumes, raising speculation of MATIC price rise.
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