Rise of Matic

Matic native token of polygon which tries to solve pain points associated with blockchains such as high gas fees and slow speeds, without sacrificing on security. Matic has total market cap of $10.5 Billions. And is ranked in top 20 by Coinmarketcap.

It seems Matic is set for another big rally after the dip. It has already jumped from $0.8483 to all time high of $2.2. The surge was followed after Ethereum scaling solution integrated numerous popular decentralized finance (DeFi ) projects and the number of transactions it processes per day skyrocketed.

If Polygon investors successfully surmount the notable resistance around $2.00, the next upside target for MATIC price is the 361.8% extension of the May consolidation at $3.01.

Matic might resume the trade at $1.25 during the start of January 2022. The price might reach newer heights if it gains the attention of the investors. The token might decline to $0.55 if the currency comes across supply pressure. By the end of 2022, the altcoin might be exchanged at $15.

In 5 years, Matic could hit a new high by breaking its previous price records and it is anticipated to be in the top 50 cryptocurrencies list. Several inbound developments and partnerships might lead to its growth. The token might crash if bears go on pulling the prices down. The price might fall to $3.15. By the end of 5 years, if everything goes well, Matic price could trade at the $50 mark.