Price Analysis

Polygon(Matic) Price Surges High, Will The Price Hit $1 Today?

Highlights

    Matic price jumps rallies more than 10%, appears to be poised hitting more higher levels very soon

    Polygon is an inch close in becoming a $5 billion worth asset, with an high influx of trading volume

    The ever-growing Polygon payment system has made the platform the leader of the space

Matic Price May Reach Higher Highs

Polygon (MATIC) price is showcasing a huge wave of uptrend by surging remarkably. The asset maintained its jump towards the north for the past couple of days without undergoing steep dumps. Therefore speculating a decent spike fast approaching that may rally the price above $1 in coming days. 

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The polygon ecosystem is slowly gathering a large mass in the crypto space and hence a steady uptrend is foreseen.And hence, for the first time ever, the total number of transactions on Polygon network has surpassed the Ethereum transactions.

The matic price currently appears to be strongly heading towards $1 and moreover an extended bull rally may lead for new ATH every new day. The price gaining strong momentum is for the reason that, despite slight pullbacks the price bounced back the strong support levels around $0.77 and reistigated with bull run. 

matic chart

Also Read: Polygon(MATIC) and Solana(SOL) May Soon Enter Top 10 Crypto!

Polygon Network, The Leader In Payments

The total value locked (TVL) in Payments in the DeFi space has currently crossed the $4 billion mark. Interestingly, Polygon network has dominated the area with more than 53% dominance outpouring the Bitcoin lightning network. 

defi pulse

According to DeFi pulse, the TVL under the Polygon Network is currently $2.36 billion with a jump of nearly 8.93%. With the growing adoption and dominance, Polygon is expected to enter the top 10 cryptocurrency list very soon. 

Currently, Matic price is on the verge to test the upper resistance levels, initially at $0.85, later at $0.91 and finally at $0.944 to strongly head towards $1. Polygon price rally is expected to surpass new higher levels showcasing a strong potential to hit levels close to $10.

Also Read :Cardano Price Still Undervalued, Will Reach $10 This Year! Says Popular Analyst

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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