Polygon (MATIC) Price Prediction 2025-2030: Should you go long on MATIC?

ambcrypto.com:

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject

MATIC, Polygon’s native token has seen a steady price decline over the past 30 days. The crypto ranked thirteenth on CoinMarketCap, has gone from $0.93 to $0.73, a decrease of more than 21%. The shorter timeframe isn’t looking good either, as MATIC’s price has gone down almost 8% since 14 October. The current market capitalization stands at $6.4 billion, with a 24-hour trading volume of $242 million.

Here’s AMBCrypto’s Price Prediction for MATIC for 2023-24

However, Polygon’s business front has seen some positive developments recently. Co-founder Sandeep Nailwal informed the Polygon community on Twitter that a police station in the Indian city of Firozabad had registered a police complaint on a new blockchain platform that is powered by the Polygon network.

This is an important demonstration of the use cases offered by blockchain technology, especially for developing countries like India. Nailwal believes that employing blockchain to register police complaints will circumvent the corruption and manipulation that one encounters in the complaint process.

Meanwhile, some major whale activity was noticed by Whale Alert, and information regarding the same was shared on Twitter. On 11 October, more than $200 million worth of MATIC was moved into two unknown wallets. 

On 27 September, Polygon, the firm behind the thirteenth-largest crypto by market capitalization, came out with exciting news when it announced that popular trading platform Robinhood had chosen Polygon as the first blockchain network to debut its Web3 wallet, bringing DeFi closer to retail investors.

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