themorningcrypto

    Polygon Matic; What Investors Should Be Ready For

    TheMorningCrypto Desk
    TheMorningCrypto Desk
    Published on October 13, 2022 10:28 AM

    Updated on January 26, 2023 3:09 PM

    According to the MATIC price forecast, it may soar to $17.36 at the end of the following ten years, which makes it durable in long term.
    Polygon Matic; What Investors Should Be Ready For

    On June 18, 2022, MATIC hit a low of $0.32; since then, however, it has begun to rise once more. It increased to a high of $1 at the end of July and varied throughout August about the $0.80 level.

    In August, Polygon earned recognition when the non-fungible token (NFT) exchange OpenSea declared support for the blockchain in its brand-new Seaport protocol. According to the largest marketplace, the decision was made to avoid paying expensive Ethereum gas fees. They will supposedly save $460 million each year.

    Polygon became the first supported blockchain on its Web3 wallet after the brokerage Robinhood recently signed an exclusive agreement with MATIC. This came after the announcement that investors may send and receive MATIC on the Robinhood platform at the beginning of September.

    On October 13, 2022, when this article was being written, MATIC was trading at $0.73, down over 10% over the previous week.

    According to Polygon Analytics, the Q3 for matic was absolutely tremendous.

    The NFT sales were skyrocketing with more unique addresses investing into the network.

    Layer-2 Ethereum solutions like Polygon will continue to experience "widespread adoption given the low current gas costs on the Polygon network, strong user acceptance, and the growing developer ecosystem and decentralized applications already accessible on Polygon and other level-2s," -according to Citgroup's Metaverse and Money report.

    In general, layer-1 and layer-2 blockchains, including MATIC, have been performing well since the DeFi summer, according to Dr. Raullen Chai, the CEO and founder of IoTex.

    Several bullish MATIC coin price forecasts have been made in response to Polygon's recent comeback, with some predicting that the coin will soon reach a new price high.

    PricePrediction projected that it would average out at $0.90 in 2022, whereas $1.33 was projected for that year. In 2025, the site predicted that the price of Polygon would have reached $2.58. According to the MATIC price forecast, it may have soared to $17.36 at the end of the following ten years.