MATIC Price Predictions Vary Leading Up To Polygon zkEVM Launch

Many crypto projects have been looking at ways to improve their systems to make things quicker and easier for its users, and Polygon is one of these projects. Today, Polygon is taking one step closer to achieving this goal with the launch of the Polygon zkEVM mainnet beta. Polygon zkEVM Beta is the leading ZK scaling solution that is equivalent to Ethereum Virtual Machine.

It is only natural for crypto fans to wonder if this new development could lead to the price of Polygon (MATIC) reaching a new all-time high (ATH). Journalist Pere Hen shared some predictions for MATIC made by the crypto community on March 20 this year. It seems like many people believe that an ATH might not be in store for MATIC.

At one point, CoinCodex had a less than favorable Polygon prediction for 2023. They believe that the MATIC price could drop to just under $1.03 by 25 March, after which the altcoin could face further price declines to about $0.9924 by April 19, despite the zkEVM launch.

In addition to this, Wallet Investor also provided a rather gloomy prediction for the MATIC price, and stated that MATIC could be in for a rough 12 months. The platform predicted that MATIC could fall to $0.44 by late March of 2024.

On the other hand, Digital Coin Price believes that MATIC could possibly be worth about $2.43 in 2023, and $3.91 in 2025. By 2030, the platform is hopeful that MATIC could trade as high as $11.45.

MATIC Network / Tether US 1D
MATIC Network / Tether US 1D (Source: TradingView)

MATIC is currently trading hands at $1.08 after a 2.09% price decrease over the last 24 hours. The altcoin is also still in the red by more than 7% over the last week, according to CoinMarketCap.

Disclaimer: The views and opinions, as well as all the information shared in this price Analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Comments

Post a Comment

Popular posts from this blog

Manta Network battles DDoS attack after TGE as new Telegram bot steals the show

Manta Network battles DDoS post-MANTA launch; 135M RPC requests flood, causing delays. Bitbot revolutionizes retail trading on Telegram with non-custodial, AI-backed solutions. BITBOT token presale unfolds across 15 stages, offering investors a structured opportunity. In a whirlwind of recent events, Manta Network faced a DDoS attack right after the successful launch of its MANTA token, causing a stir in the crypto community. Meanwhile, Bitbot, a Telegram trading bot, is making waves by empowering retail investors. Jin us as we delve into the challenges Manta Network is facing and explore Bitbot’s mission to put institutional-grade tools in the hands of individual investors. Manta Network DDoS attack Manta Network, a modular blockchain protocol renowned for its focus on zero-knowledge (ZK) application development, encountered a significant setback shortly after the launch of its governance token, $MANTA. The network experienced a Distributed Denial o...
Read more

DOGE price prediction as expert forecasts target above $0.10

Image
With the previous week bringing gains for the cryptocurrency market, some digital assets displayed promising signals that might indicate their future movement. Dogecoin (DOGE) is one of those. The TD Sequential has recently generated a buy signal on the 3-day chart for Dogecoin. The probability of a resurgence to $0.100 or beyond appears favorable, contingent upon the sustained stability of the $0.074 support cluster, per a post on X by crypto analyst Ali Martinez on January 14. TD sequential for Dogecoin on a 3-day price chart. Source: Ali Martinez The TD sequential is a robust tool crafted to pinpoint the precise moment of trend fatigue and subsequent price reversal. As a counter-trend instrument, it addresses the limitations observed in various technical Analysis indicators that prove profitable in trending markets but exhibit suboptimal performance in sideways or ranging markets. Another technical indicator is not so optimistic Many technical indicators should be employed t...
Read more

IRS, Treasury temporarily waive business crypto reporting requirements

IRS and Treasury say businesses do not have to report cryptocurrency receipts until new regulations are issued. In a press release on Jan. 16, the Internal Revenue Service (IRS) said in a joint statement with the U.S. Treasury Department that American business es do not have to report their receipts in crypto currencies the same way they do with cash. However, the regulators noted the exception will only last “until Treasury and IRS issue regulations.” “Treasury and the IRS intend to issue proposed regulations to provide additional information and procedures for reporting the receipt of digital assets, giving the public an opportunity to comment both in writing and, if requested, at a public hearing.” The IRS The announcement does not impact the rules in place before the Infrastructure Investment and Jobs Act for reporting cash received in the course of a trade or business, the IRS said, adding that cash transactions over $10,000 received in a trade or bu...
Read more