Shawn Du’Mmett, a senior crypto analyst and financial journalist, indicated Polygon might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.
- Shawn recently posted a technical update on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC/USD) price. Recently, Polygon’s native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. “In last month’s Polygon price prediction, we had said as much, MATIC’s bull run is long overdue,” he stated.
- Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. “With this Polygon price prediction, there’s a high chance you might become interested in the coin as an addition to your portfolio,” Shawn added.
- The token has also surpassed its 50-day exponential moving average. Polygon’s participation in Disney’s accelerator program to create augmented reality, non-fungible token (NFT), and artificial intelligence experiences may have piqued MATIC’s interest.
- Previously, Polygon’s support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
- According to Shawn’s Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.
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