Polygon (MATIC), one of the vital fashionable layer-2 scaling options for Ethereum, has lately caught the attention of crypto analysts and buyers.
MATIC was its earlier identify till April 2021, when it modified to Polygon. MATIC is the native token of the Polygon community. According to the newest information from CoinGecko, MATIC has surged 7.6% within the final seven days and 18% within the final 14 days. Additionally, the coin has surged nearly 28% within the final 30 days.
After rallying to all-time highs above $2.90 final December earlier than plunging decrease in 2023, MATIC has stabilized across the $0.80-$0.90 vary to date this 12 months. However, the coin has lately surged previous the $1 stage and is buying and selling at $1.03.
Even although Bitcoin is eyeing $63,000 after its latest surge and drop, MATIC appears not to be exhibiting any main actions. With the entire cryptocurrency market buying and selling within the inexperienced, allow us to discover out whether or not the coin can hit $2 quickly.
Will MATIC hit $2?
According to value predictions from researchers at Changelly, MATIC could hit $2 by mid-2025. The consultants additionally predict the worth of MATIC to be at a minimal of $1.04 and a most of $1.12 in March. Additionally, MATIC is predicted to attain a mean of $1.09.
The subsequent leg of the bullish run for Polygon may depend upon the general market circumstances. It can also be closely depending on the end result of the worth of Bitcoin. Additionally, the group can also be engaged on quite a few developments that might help within the surge within the value of the coin. While $2 for Polygon looks like a far-fetched objective, it may very well be achievable if all of the circumstances align completely.
