Polygon is a decentralized scaling mechanism that Ethereum developers may use when creating dApps. Polygon offers a faster network and more security at a reasonable rate. The project, a 2017 initiative, has emerged as one of the most intriguing and profitable in business.
MATIC was its previous name until April 2021, when it changed to Polygon. MATIC is the native token of the Polygon network. Polygon has recently breached the price level of $0.8675. According to recent data, MATIC has dropped by over 3.6% in the last 24 hours and is trading at $0.8675.
With the whole cryptocurrency market trading in red, here is our price prediction for Polygon MATIC for this weekend.
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MATIC price prediction for this weekend
Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Polygon can shoot up in price this weekend.
Based on the coin’s behavior at the start of 2024, cryptocurrency experts at Changelly offer their price prediction of Polygon for this weekend. For this timeframe, MATIC’s minimum price is anticipated to be $0.8704. The maximum price is expected to reach $0.9792. In addition, experts expect that MATIC will trade at an average price of $0.9520 during the weekend.
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According to the latest CoinGecko data, Polygon is trading at $0.8681, with a 3.5% drop in value over the last 24 hours. MATIC is also down 13% in the last seven days and 19.1% in the last 30 days. If Bitcoin manages to pick up pace, MATIC could likely hit the $1 level.