The Polygon (MATIC) price has continued its strong performance at the beginning of the year in the last few weeks and has meanwhile risen well above the 1 dollar mark. What is the Polygon (MATIC) forecast for the second quarter of 2023? Here’s what to expect from MATIC prices in the coming weeks.
How did Polygon (MATIC) Price Perform recently?
The Polygon (MATIC) price has risen very strongly so far in 2023. In January and in the first half of February in particular, the MATIC price rose massively. At the turn of the year 2022/2023, the rate was still 0.75 US dollars. In mid-February, the Matic Coin rose to $1.55.
After that, the price fell again. In early March, the MATIC price fell to $0.95. After the banking crisis in the USA, the price rose again to $1.25. In the last few weeks, the price has mostly moved sideways. Nevertheless, the momentum is pointing upwards and thus suggests a positive Polygon (MATIC) forecast for the second quarter of 2023.
Why is MATIC Price up recently?
Polygon is a scaling solution for the Ethereum Blockchain and the most successful and well-known Layer 2 solution. Polygon has evolved into a multi-chain platform in recent months. Furthermore, the project has won many well-known brands such as Nike, Adidas or Starbucks for cooperation.
Due to these positive developments, Polygon has seen massive hype since the end of 2021, which has also continued in the bear market of 2022 / 2023 so far.
Polygon Price Prediction for Q2 of 2023
Polygon (MATIC) has been one of the strongest rising cryptocurrencies in recent weeks. Especially at the beginning of the year, the gains were massive. Furthermore, after a small slump at the end of February, the Matic Coin was able to rise again more strongly in March. The trend is up and the Polygon (MATIC) forecast for the second quarter of 2023 should therefore look positive.
The MATIC course is also known for seeing strong swings up or down. However, these price movements are much more predictable than the prices of meme coins such as Dogecoin or Shiba Inu Coin. Nevertheless, the Polygon (MATIC) forecast is not always easy to make.
How high can MATIC price reach in the coming weeks?
Overall, the rise in the MATIC course should continue in the coming weeks. Because the crypto market has good momentum at the moment and we should see Bitcoin price surge above $30,000 soon. This should also significantly improve the Polygon (MATIC) forecast.
A move above $1.50 in the next few weeks is definitely a possibility. Should the crypto market as a whole rise sharply again, e.g. as a result of the central banks easing monetary policy, Polygon (MATIC) should be one of the big winners. Here the price could even move towards the 2 dollar mark again. We therefore assume a Polygon (MATIC) forecast of $1.40 to $1.85 for the end of the second quarter of 2023.
