Polygon is witnessing a notable bullish trend as its native token, MATIC, shows promising growth at the onset of 2024. Following an impressive end to the previous year, MATIC’s performance continues to capture the attention of investors and analysts alike, hinting at a potential for further price increases.
The year began with MATIC recording a 2.04% increase on New Year’s Eve, positioning itself in bullish sentiment. This rise is part of a broader trend that saw the cryptocurrency gain nearly 17% in the past week alone. At the time of reporting, the Polygon token is trading at $1.02 with a 24-hour robust surge of 5.38 percent higher.
Analysts’ Optimism for Polygon
In a recent Twitter update, a crypto analysis realm, “Altcoin Sherpa,” expressed a bullish prediction on MATIC’s future price. Altcoin Sherpa anticipates MATIC to potentially reach a price target of $1.20 in the medium term. This prediction echoes a broader sentiment in the crypto community, seeing MATIC possib
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