While investors tangled up in meme coins and small gamblers, many overlooked mid-sized cryptos. Some of the biggest movers and shakers of 2021 largely flew under the radar as investors turned to coins en masse. streamed Dogecoin (CCC:DOGE-USD). Really, however, the big underdog of the year has turned out to be Polygon (CCC:MATIC-USD). The Layer Two scaling solution is proving to be both a viable option for scaling transactions and a crypto with massive growth potential. No wonder buyers are now looking for Polygon (MATIC) price predictions.
Dogecoin grew from under 1 cent to an all-time high of 73 cents in just a few days. It got a lot of attention because it’s a coin with a cute mascot, long history, and dedicated fan base. However, Polygon’s year-to-date gains are not holding water. MATIC started in 2021 with just under two cents. It boomed to a high of $ 2.68, which is over 13,300% growth.
In addition to Ethereum, MATIC receives boosts
Now MATIC is becoming one of the most sought-after cryptos and one of the digital currencies that, according to analysts, has the greatest potential for growth. As reported by FXStreet, the Polygon Network’s Daily Active Addresses (DAAs) have grown 803% since January 1st Binance (CCC:BNB-USD) the network’s DAA only grew 171%. This statistic shows the massive increase in popularity of the network and points directly to the growth potential of the MATIC values.
Polygon’s rapid growth also gives polygon room for a boom ether (CCC:ETH-USD) Prices recently. Polygon is a scalability solution for the Ethereum chain; it exists in response to problems with transaction bottlenecks in the Ethereum chain. As such, its success grows with that of Ethereum. The network also becomes compatible with Ethereum: the creation of a new cross-chain transfer platform, called hyphen, makes it easier than ever for users to send stablecoins back and forth between the Ethereum and Polygon networks.
Polygon (MATIC) Price Predictions: Will MATIC’s Success Catalyze Further Profits?
The growth boom and the network’s ability to share the success of Ethereum make it a cryptocurrency with tremendous growth potential. In fact, MATIC is using this potential today with an increase of over 22%. The increase of 28 cents makes MATIC rise by 157% to a value of 1.41 US dollars thanks to a rise in trading volume. But what do analysts think of Polygon (MATIC) price predictions? Let’s take a look:
- WalletInvestor assumes that MATIC will break past all-time highs by August 2022. The outlet pegs polygon for a value of $ 3.40.
- DigitalCoin doesn’t share the same bullish stance despite predicting growth. They say MATIC will be valued at $ 2.04 by the end of the year.
- Gov Capital is more bullish than most; The outlet forecasts a price of $ 3.73 through August 2022.
- In the immediate future, InvestingCube predicts MATIC will climb to $ 1.75 before encountering resistance.
At the time of this writing, Brenden Rearick held (neither directly nor indirectly) positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s posting guidelines.