Polygon Matic Crypto Price Prediction – Will Polygon Reach $2?
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Polygon (MATIC) crypto is back in the limelight today as the price soars beyond 20% over the last 24 hours. Many bullish indicators on the price charts reflect that there could be a possibility that MATIC recovers back to the $2 price level.
How high can Polygon (MATIC) pump and what stronger alternative cryptocurrencies does the blockchain market have to offer during this crypto winter?
Polygon (MATIC) Crypto Price Prediction
Over the last week Polygon (MATIC) has printed an impressive series of green daily candles on the price charts. Currently, Polygon is trading at $1.16.
According to Coinmarketcap Polygon (MATIC) is now ranked #11 amongst other cryptocurrencies and the bulls are showing no signs of weakness.
We could potentially see Polygon (MATIC) reclaim its position as a top 10 cryptocurrency.
Polygon (MATIC) is currently trading in a bullish ascending channel where we could see more positive momentum to roughly $1.31
An ascending channel is typically known as a bullish continuation pattern, however on this particular occasion a bearish divergence is forming on the relative strength index.
This could suggest that we might see a short term pull back for Polygon (MATIC) following the pump.
It is imperative that Polygon (MATIC) does not lose structure of the support trendline at $1.11 otherwise there could be negative continuation down to $1.01
The bullish scenario is that Polygon (MATIC) attempts a swing high to the resistance trendline of $1.20, if this particular level is broken we could see positive continuation up to $1.29.
If Polygon (MATIC) can reclaim $1.29 and continue pumping, we might see the next price target of $1.71 reached.
Polygon (MATIC) is only around 60% down from the all-time high of $2.92, it has already made quite an impressive recovery versus other altcoins in the crypto markets.
$2 is a big target, but I don’t think the MATIC bulls will be able to gather enough bullish momentum to break this target just yet. Perhaps in 2023 the odds for this particular achievement might be higher.
Polygon (MATIC) Video Analysis
Polygon (MATIC) provides fantastic utility and is a decentralized Ethereum scaling platform, I would speculate that the long-term growth potential for MATIC is massive. By 2030 I would not be surprised if Polygon (MATIC) traded above $10.
However, we still reside within a crypto bear market so upside potential is still very much suppressed right now.
An alternative cryptocurrency with greater potential could be the Dash 2 Trade token which is currently in presale offering an attractive low price for early investors.
Dash 2 Trade (D2T) token has very nice tokenomics too, boasting a fixed supply of just 1 billion tokens.
Polygon (MATIC) has a total max supply of 2 billion, so we could definitely see Dash 2 Trade (D2T) rocket beyond $1 in price upon launch – effectively making a 20x.
Recently presales have performed very well, even during the crypto bear markets. For example, Tamadoge returned 1,951% and Battle Infinity returned roughly 750%.
Will Dash 2 Trade follow in their footsteps?