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The Large Polygon (MATIC) Forecast for the end of 2022 – How high can the MATIC course rise?

 


How has the Polygon (MATIC) price moved over the last 1-2 weeks?

The Polygon (MATIC) price saw a stronger increase in the last 1-2 weeks. This was the result of a surge in Bitcoin price, which broke out after a long sideways movement to the upside. Bitcoin surged above $20,000. This was followed by a massive rise in altcoin prices. This also included the MATIC token.

We saw a massive rise from $0.84 to $0.89 on 10/24/2022. This increase continued and the MATIC price rose to $0.96. After that, the price stabilized. This increase in the MATIC token came after a phase in which the price moved sideways or slightly down .


What was the reason for the price increase?

After the longer phase of stabilization, the entire crypto market saw a stronger increase in prices in the last 1-2 weeks. Bitcoin price broke above $20,000 after a week-long sideways movement. This was an important signal to investors that the overall market could turn bullish again.


The longer a period of stabilization lasts, the more likely it is that the price will break out up or down over time. This price breakout had a stronger effect on the altcoins. Furthermore, a number of factors over the past few weeks have indicated that the market is about to enter a bullish phase again . In the last few weeks, the crypto market has performed significantly better than the stock markets for the first time in a long time. 


What is the Polygon (MATIC) forecast for the end of the year?

Over the next few weeks, the Polygon (MATIC) price could take the energy of this rally and eventually continue higher. Courses over 1 dollar in price are possible again. To do this, however, we would have to see a continuation of the price increases for Bitcoin and thus also for Altcoins. This would make the polygon forecast much more positive . How likely is this scenario?


Polygon Matic

The months of November and December are generally considered more of a bearish month in the market. Historically, cryptocurrency prices tend to fall during these months. But the trend of the last few weeks is rather bullish. We must note that 2023 is very likely to be bullish again. The second year in the bear market also showed stronger price gains over several months in the last cycle. The end of the year could already initiate this bullish trend.


How high can the MATIC course rise in our polygon forecast?

The MATIC course is currently moving below the 1 dollar mark. This rate could well rise over the next few weeks if the bullish trend continues. We can assume that a 15 to 25 percent increase in the price is possible. This could increase the Polygon (MATIC) price to a value of 1.10 to 1.20 dollars.



A drop in price below $0.90 seems possible only if the market sees another sharp drop. Based on current information, this seems unlikely. Therefore, we are assuming a Polygon (MATIC) forecast for year-end 2022 of $0.90 to $1.20 .


Is an investment in the MATIC token worthwhile?

At the moment it is quite possible to invest profitably in the MATIC token. Because in the next few weeks we could definitely see an increase, as our polygon forecast shows. But the Ethereum scaling solution is also very well positioned in the medium and long term. Many see Polygon as the blockchain with the greatest potential over the next 5 years.

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