Polygon is a decentralized scaling mechanism that Ethereum developers may use when creating dApps. It offers a faster network and enhanced security at a reasonable rate. The project, initiated in 2017, has become one of the most intriguing and profitable in the business.
The Transition to Polygon
MATIC was the previous name until April 2021, when it changed to Polygon. MATIC is the native token of the Polygon network. Recently, Polygon breached the price level of $0.80. According to recent data, MATIC has experienced a drop of over 4.4% in the last 24 hours.
Alongside the entire cryptocurrency market, Polygon is also trading in the red. With Christmas almost here, here is our price prediction for Polygon this Christmas.
MATIC Price Prediction for Christmas
Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Polygon’s MATIC can shoot up in price this Christmas.
Based on MATIC’s behavior at the start of 2023, cryptocurrency experts at Changelly offer their price prediction for Polygon for Christmas. For this timeframe, MATIC’s price is anticipated to be $0.9004. For the end of December, the minimum price is anticipated to be $0.8232. The maximum price is expected to reach $0.9261.
According to the latest CoinMarketCap data, Polygon is trading at $0.8064, with a 4.6% drop in value over the last 24 hours. MATIC has currently surged past the $0.8 resistance, eyeing the next level even when the whole market trades in the red. However, prices can fluctuate and vary depending on the overall market conditions.