- Get ready for exciting news in the crypto world! Polygon (MATIC) price is on the rise, with potential to surpass $1 in the weeks ahead.
- Exciting developments in the Polygon ecosystem and a positive market outlook are propelling the bullish momentum for MATIC.
Polygon (MATIC) price is holding strong above $0.85, indicating a potential push towards the $1 mark. Despite holiday season market lull, MATIC is showing signs of a major breakout.
Could Polygon be one of the top altcoins under $1 right now? Let’s dive into the price outlook for this promising cryptocurrency.
Could Polygon be the dark horse of the crypto world?
While Polygon hasn’t seen the soaring price hikes witnessed by some other coins in 2023, its zero-knowledge EVM (zkEVM) technology, Chain Development Kit (CDK), and MATIC to POL migration are key advancements for the blockchain. Additionally, its recent integration with Chainlink Data Feeds has been hailed as a potential game-changer for the DeFi space.
Despite these exciting developments, Polygon’s founder, Sandeep Nailwal, considers the layer-2 blockchain to be an “underdog” within the industry.
Polygon is back to where its the best at: Being an underdog
NGL it’s been a painful ride, the whole of 2023, but right now, it feels incredibly liberating to be the underdog again.
— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) December 24, 2023
MATIC price holds strong above key level
Polygon (MATIC) hasn’t reached the $1 mark since May, but there’s hope on the horizon. The price came close to this level in November and earlier this month, with highs of $0.98 and $0.94, respectively.
Despite dipping to lows of $0.76 on December 19, MATIC bulls are aiming to hold above $0.85 on December 25.
The positive market sentiment and developments within the Polygon ecosystem are likely to prevent prices from dropping below $0.80. This could set the stage for a retest of recent highs near the $1 mark by the end of the year.
A potential catalyst for further gains could be the highly anticipated spot Bitcoin ETF, which experts believe the US Securities and Exchange Commission (SEC) may approve by January 10, 2024.
