- The MATIC price closed the previous day’s trade at $1.405 with a market capitalization of $11.27 billion and a circulating supply of 7.53 billion MATIC
- After a huge slash in the short-term, MATIC price is attempting a strong flip that may flip the price trend towards a 15% upswing to surpass $1.5 levels soon
Polygon Price Analysis: MATIC Price Table (Last 30 Days)
|Date||All-Time High||All-Time Low||Market Capitalization|
|21 February 2022||$1.615||$1.4||$11.27B|
|20 February 2022||$1.636||$1.494||$11.65B|
|19 February 2022||$1.644||$1.56||$12.23B|
|18 February 2022||$1.714||$1.583||$12.18B|
|17 February 2022||$1.864||$1.647||$12.89B|
|16 February 2022||$1.879||$1.747||$13.48B|
|15 February 2022||$1.880||$1.654||$12.89B|
|14 February 2022||$1.679||$1.596||$12.33B|
|13 February 2022||$1.741||$1.642||$12.34B|
|12 February 2022||$1.778||$1.667||$12.98B|
|11 February 2022||$1.904||$1.687||$13.83B|
|10 February 2022||$2.068||$1.878||$14.59B|
|09 February 2022||$2.061||$1.891||$14.89B|
|08 February 2022||$2.050||$1.877||$14.04B|
|07 February 2022||$2.088||$1.700||$14.65B|
|06 February 2022||$1.756||$1.672||$12.61B|
|05 February 2022||$1.763||$1.675||$12.77B|
|04 February 2022||$1.699||$1.537||$12.33B|
|03 February 2022||$1.562||$1.479||$11.30B|
|02 February 2022||$1.665||$1.525||$11.78B|
|01 February 2022||$1.665||$1.614||$12.37B|
|31 January 2022||$1.654||$1.527||$12.17B|
|30 January 2022||$1.710||$1.578||$12.12B|
|29 January 2022||$1.741||$1.654||$12.78B|
|28 January 2022||$1.704||$1.565||$12.18B|
|27 January 2022||$1.664||$1.498||$12.06B|
|26 January 2022||$1.812||$1.537||$12.54B|
|25 January 2022||$1.614||$1.411||$11.96B|
|24 January 2022||$1.619||$1.312||$10.69B|
|23 January 2022||$1.669||$1.511||$11.80B|
|22 January 2022||$1.755||$1.408||$11.22B|
|21 January 2022||$2.027||$1.650||$13.79B|
Polygon Price Prediction: MATIC Price Trend Comparison with LRC & OMG (Last 30 Days)
Polygon is a layer-2 solution scaling solution built on the Ethereum network. The layer-2 solutions help to scale an application by processing the transaction of the Ethereum mainnet network with keeping all the security measures in mind. These protocols are designed to increase the throughput and decrease the gas fees. Polygon being the most popular layer-2 solution, other networks like OMG & Loopring are among the popular solutions.
Polygon prices have maintained a considerable trend since the beginning of the year 2021. While many expected the MATIC price to hover above $2, woefully, the trend remained restricted below $2 until the press time. On the other hand, Loopring(LRC) which gained immense attention in recent times plunged hard with more intensity than Polygon along with the OMG network.
But OMG price still maintains a considerable uptrend compared to MATIC & LRC. The recent jump had escorted the OMG price towards the average levels but very soon dropped nearly 44% at the press time. MATIC price also is down by 50% and LRC price has plunged by nearly 67.75%. However, the market sentiments and the technicals are pretty bearish and hence the correction phase appears to continue further.
Additional Read: CoinDCX partner with Solidus Labs, Crypto Native Risk Monitoring Firm
Correlation of MATIC/USDT and DOGE/BTC (Last 30 Days)
While the USD market appears to have been chopping around the narrow ranges for quite a time and hence the BTC trading pairs are maintaining an upper hand. No doubt both the trading pairs have maintained a notable downtrend since the beginning of the year, the MATIC/BTC pair appears to be in a pretty stronger position than the MATIC/USDT pair.
The BTC pair has plunged nearly 29% from the highs whereas the USDT pair has dropped more than 48% in the same time. However, both the pairs have witnessed a bullish divergence which may prevent further plunged but to restart with an uptrend, the volume injected has to be extremely high.
Polygon Price Prediction: Will MATIC Price Hit $5 in 2022?
Polygon MATIC price maintained a pretty silent trend since the beginning of 2021 which later intensified as the Q1 was approaching its climax. Later the price surged like a monster to hit the highs very close to $3 from $0.018 levels jumping by more than 15,500% in a couple of months. Despite the May correction, the asset maintained a notable uptrend within a consistent uptrend channel to mark highs just above $3.
The bears became extremely active here and dragged the price almost 55% down from its highs as it trades around $1.38 at the press time. The market sentiments are pretty bearish currently due to some external factors which are impacting the crypto space negatively. And hence one can expect the bearish trend to continue for some more time to reach the local support to ignite a flip.
The MATIC price continues, the said plot may revisit the support below $1.3 and flip and maintain a notable surge to test the $1.5 by the end of the current month. Further undergoing some jumps and dips my head strongly beyond $2 by the mid-2022. However, the crypto space is speculated to bounce from the bearish trend in the second half of 2022 and hence assets could undergo a decent uptrend. And hence MATIC price may also test the ATH in Q3 2022 and continue to surge to discover new highs by the end of 2022 if the bear remains passive.
Polygon Price Analysis: How High Will MATIC Coin Price Go in 2022?
The MATIC price is known to maintain a steady rally and hence despite the price variations, the Polygon ecosystem continues to work for the development of the crypto space. The platform is expected to roll out a lucrative update in the upcoming days that are expected to impact the price to a large extent. And hence in such a scenario, the MATIC price could regain its lost positions at the earliest.
Irrespective of the trend, the price maintained a notable uptrend, trending within a huge ascending channel. And now after hitting the support levels, the asset flipping the bearish trend and rebounding towards the upper resistance appears to be pre-programmed. And hence the MATIC price may test the middle ranges of the channel above $2.5 initially and later head-on towards $3.5 Slicing through the ATH.
Latest MATIC Crypto News in February 2022
Polygon Rewards A White Hacker by $75,000
After Cardano, Polygon rewards a hacker with a hefty amount of $75,000 for identifying a network flaw. As per the reports Niv Yehezkel reported a bug regarding the vulnerability in the PoS with Polygon’s smart contracts which had put billions of dollars at risk.
Polygon Raises $450 Million Funding led by Sequoia Capital
Polygon recently raised $450 funding led by Sequoia Capital including the other giants like SoftBank Vision Fund 2, Galaxy Digital, etc and many more. The funds are expected to be utilized for the cutting edge technology zk-roll-ups which is said to be a key to onboard the users to web3.
Source: Polygon Blog Post
Additional Read: Daily Crypto News, 22 February, 2022
Where & How to Buy Polygon MATIC coin
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