Can Polygon (MATIC) Price hit $5 in 2023?


Polygon (MATIC) was one of the year’s biggest winners in 2022. In comparison to many other coins, the Polygon network’s Matic coin was able to make money and move up into the top ten cryptocurrencies by market capitalization. What is Polygon price prediction for 2023? Can Polygon price hit $5 in 2023? Let’s take a look at it in more detail.

How has the MATIC price changed in recent days?

Polygon had a very successful year in 2022. The network was able to expand massively thanks to innumerable cooperation and collaboration with large and globally recognized companies (Nike, Adidas, Starbucks, and so on), and the Matic Coin’s figure rose in part at the outset of 2022. Polygon (MATIC) has outperformed other cryptocurrencies in the last year.

In recent days, the MATIC price has gone up. The price has also enhanced by more than 29% in the last seven days. Polygon (MATIC) benefitted greatly from the Bitcoin price breaking above $17,000. In the last 24 hours, the price has stabilized once more. At the time of writing this, the MATIC price is trading at $1.02.

Polygon Price Prediction: Will the MATIC Price reach $5 by 2023?

Polygon price prediction

Polygon price prediction: MATIC/USD Weekly chart showing the price – GoCharting

The Matic Coin had an extremely successful year in 2022. Yet, the price, like just about all other cryptocurrencies, had to recognize the economic loss. That may change in 2023, as the price of Bitcoin, and thus the prices of Altcoins may increase again in the next 12 months.

It is worth noting that the Polygon network is being used by an increasing number of businesses to establish Web3 functions. Because of the industry’s overwhelming support, the MATIC price should rise again in the coming months. Furthermore, the market should resume its bullish trend. We are assuming that MATIC price could be between $2-$5 for the end of 2023.

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