MATIC Price set to soar 230%? Super Bullish Predictions for Polygon!

Polygon(MATIC)  has outperformed most tokens on the block. The token has soared 7000% year to date and is ranked #16 by market cap. The layer 2 solutions on Ethereum have boomed even more with Cuban’s investment and interest in the platform.

The number of active users and transactions on the site continues to rise. Although the total number of active users on Polygon (MATIC) remains under 100,000, compared to close to 500,000 on Ethereum, the number has been growing at a considerably faster rate in recent weeks as more users and developers move to it.

The number of transactions per day on the Polygon (MATIC) network has surged by about 400 percent, and it currently far outnumbers those on the Ethereum network.

Will MATIC skyrocket to $5

Popular crypto trader and analyst Lark Davis has made an ultra bullish prediction for MATIC. He believes the token still has the potential to soar 230% more. 

Davis tells his 386,000 Twitter followers that reaching $5 is on the cards for MATIC.

He also revealed MATIC is one of his top 5 altcoin holdings alongside Polkadot, Elrond, RAMP, and Injective.

On the MATIC/USD H4 chart, the majority of the moving averages, as well as the momentum indicator, hint at a bullish trend. The price is safely above the pivot point at $1.45, and even the recent plunge did not get it below it.

For the days forward, the immediate resistance is at $1.74. Traders will have to break through this barrier if they want to push the price above the key $2 mark.

Haripriya Sureban

A writer and a Crypto fanatic exploring the DeFi Space. Staying abreast on all the crypto trends and trivia is my forte. For the rest I nerd out on movies and series.

Recent Posts

Divided We Fall? Why Crypto Exchanges Should Work Together

Widespread availability of reliable information is crucial to the efficiency of markets and information in…

13 hours ago

Know how Monero’s Supply Capitalization adds value to cryptos

Not all cryptocurrencies offer the most collective features of privacy, security, or fungibility at the…

15 hours ago

A Best Buying Opportunity For Cardano & Litecoin Price!!

With the crypto markets marking a decent recovery, most of the tokens have flipped the…

15 hours ago

This Is When Bitcoin Price May Rally High To Hit $100K!

Bitcoin price after an extended consolidation underwent a magnificent rally which pushed the price above…

15 hours ago

ADA Price holds up well! Cardano Blockchain On To Big Ups in Next 2 Months

Cardano Price is fairly calm today after a dive yesterday following a Bitcoin downtrend from…

17 hours ago

After Amazon Shock, Bitcoin Price Gains Were Abruptly Abandoned. What’s Next for BTC Price?

Yesterday, Bitcoin Price consolidated in a range and pushed to $40,550 before being rejected. It…

18 hours ago