Wäert MATIC 1 $ erreechen virun 2023? Ganz wahrscheinlech wann Dëst geschitt!

The crypto market managed to finally increase in the past week. Most cryptos are up by an average of 10%. MATIC on the other hand barely moved by 3%, which shows that it underperformed compared to the average return of the crypto market. Now that prices are consolidating again, will MATIC reach 1 $ before 2023? What’s next for Polygon MATIC? Let’s analyze technically in this MATIC price prediction article. ????

Wat ass Polygon MATIC Crypto?

Polygon ass eng Skaléierungsléisung fir den Ethereum Blockchain. Transaktioune kënne méi séier an effektiv duerchgefouert ginn. Fir d'Belaaschtung vun Transaktiounen op Ethereum gläichméisseg ze deelen, benotzt Polygon sougenannte "Sideketten". Eng Layer 2 Léisung konzentréiert sech op dëst. Ethereum huet seng eege Skalastrategie entwéckelt fir déi hefteg Käschten ëmzegoen. D'Netz war ursprénglech als MATIC bekannt. Um Enn vum 2017 gouf dëst op der Ethereum Blockchain publizéiert. Méi spéit gouf Polygon dem Netz gegeben. Den Numm vum gebiertege Token ass just MATIC.

Polygon zielt d'Ethereum Blockchain mat der zweeter Schicht ze vereinfachen. Déi produktiv Beweis-of-Stake Konsens Technik ënnersträicht d'Operatioun vun de Polygon Sidechains. D'Entwéckler kënne Polygon benotze fir hir Smart Kontrakter an dApps ze handhaben.

Is MATIC price up?

Technically speaking, yes. MATIC prices managed to increase from a price of $0.87 and reached the current price of around $0.90, up by around 3%. Not too much considering that DOGE for example increased by more than 100% in the past 7 days.

The market capitalization of Polygon is around $7.8 billion, standing currently at number 11 on the list of the biggest cryptos by market cap. However, its closest competitor is Solana, with a market cap of $11.8 billion. This $4 billion difference is huge for MATIC. For Polygon to surpass Solana, its prices need to surpass $1.5 while Solana needs to stagnate, which is unlikely to happen in the short term

MATIC Price Prediction – Will MATIC reach 1 $ before 2023?

If we look at figure 1 below, it is clear that MATIC is on an uptrend. It basically needs around 10% to reach the psychological price of $1. This should easily happen within 2 months. However, this price is a strong resistance for MATIC, and it might retrace lower after reaching this price target.

If the crypto market manages to continue on its strong uptrend, MATIC should however be able to breach this 1$ price mark with no problem, turning it instead into a support area.

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