Polygon MATIC/USD is essentially a multi-level platform developed to scale Ethereum through the utilization of sidechains.
MATIC is the native cryptocurrency token that powers the Polygon network and is used as a means of helping drive development within the network and can even be used for staking or for the payment of transaction fees.
The Finity launch as a catalyst for growthThere have been numerous developments within the Polygon ecosystem as of recently.
On February 22, we covered how a white hat hacker got a $75,000 reward for detecting ab ug within Polygon (MATIC).
However, on February 22, 2022, the Polygon Team made an official announcement on the blog that they have launched Finity as a means of solving Web 3’s UI/UX woes.
The Cambrian explosion of decentralized applications (dApps) is a bullish sign for the overall adoption of Web3.
That said, Finity is a user-first interconnected system of design elements intended to let teams quickly prototype, launch, and scale their products without really compromising on neither the aesthetics nor the usability.
This ties in well with Polygon’s overall mission to offer a wide range of secure, quick, and affordable alongside energy-efficient Ethereum scaling and infrastructure solutions for developers to build dApps on top of, and can drive the value of the MATIC token forward.
Should you buy Polygon (MATIC)?On February 23, Polygon (MATIC) had a value of $1.53.
To truly see what this value point means for the future value of the Polygon (MATIC) token, we are going to go over it’s all-time high point of value and then compare it to the value it showcased throughout the previous month.
The all-time high value of the Polygon (MATIC) token was on December 27, 2021, when the token reached a value of $2.92. This means that at its ATH, the token was $1.39 higher in value or by 91%.
Polygon (MATIC) saw its highest point of value on January 1, 2022, when the token reached a value of $2.58.
Its lowest point, however, was on January 24, when the token decreased in value to $1.32.
This means that the token saw a decrease in value by $1.26 or by 49%.
However, from January 24 to February 23, the token also saw an increase in value of $0.21 or by 16%.
With this in mind, we can expect the MATIC token to reach $2 by the end of March 2022.
The post MATIC price forecast: can MATIC bounce back in value? appeared first on Invezz.
