Polygon (MATIC) The price is hovering near the previous all-time high of $2.92. Analysts predict that MATIC price is likely to continue its bull run and enter price exploration.
Quickswap, a decentralized exchange, is experiencing a surge in active users. polygon There is a serious increase in on-chain activity in the network. Starting with 180 addresses in January 2021, the Polygon network closed the year with more than 130 million addresses. MATIC price is hovering close to its previous all-time high as analysts predict a bull run.
MATIC Targets New Peaks
The polygon network has grown significantly over the past year, closing the year it started with 180 addresses and over 130 million addresses. While the token continues its uptrend, MATIC price is hovering close to its previous all-time high.
analysts, MATIC evaluated the price trend and observed a strong uptrend in the last few months. The next resistance for MATIC price is at $2.68. The price trend of the token is along the 25-day and 50-day moving averages.
In 2021, Polygon powered key Web3 projects in its ecosystem. Uniswap and Aave are now available in the Polygon ecosystem. With increased utility and on-chain activity, the price of the native token MATIC has exploded.
Quickswap, one of the largest decentralized exchanges on the Polygon network, has witnessed an increase in active users that surpasses SushiSwap. This means greater adoption of MATIC by traders and investors.
@ShardiB2, a crypto analyst and trader, is optimistic about MATIC price.
Consolidating… needs to hold here tho.. pic.twitter.com/DQyaADGgeq
— Don’t Follow Shardi B If You Hate Money $UST (@ShardiB2) January 3, 2022
As the number of active addresses on the Polygon network exceeds 500,000, fans expect the MATIC price to hit an all-time high and enter price discovery.
FXStreet analysts, on the other hand, predict that MATIC price is positioned for a massive uptrend as the token remains in a bull market.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.