It’s been revealed that a new price prediction for Polygon (MATIC) is out. Check out the latest reports below.
It’s been just revealed that a popular crypto analyst is setting 2022 price targets for a layer-2 scalability solution that’s already had a breakout year.
MATIC predictions for 2022
In a new strategy session, the host of financial education YouTube channel InvestAnswers addressed where he thinks Polygon (MATIC) is headed after the project made several large acquisitions.
“I took into account some of my new Ethereum [ETH] price-prediction models. I took into account the new EIP-1559 burn [during the ETH’s London upgrade back in August]. I took into account the new ZK [zero-knowledge framework] features and acquisitions that could help.”
He continued and said the following:
“From this, my new price predictions for 2022, my bear case, which is the low [$3.90], to my expected case, which is $4.61 for next year, to my high case of $6.31. These are going to be critical for us to determine our exit plan.”
As the online publication the Daily Hodl notes, the strategist also made sure to point out some notable fundamental developments that explain why he’s long-term bullish on MATIC.
“Polygon MATIC is going multichain. Uniswap is another one that’s going to move over to Polygon because Uniswap has been suffering due to gas fees, and they made an overwhelming vote to move to Polygon.”
A few days ago, we were revealing that crypto analyst Benjamin Cowen analyzes the future prospects for Ethereum (ETH) scaling solution Polygon.
The native token MATIC has been on an upward trend in recent months.
In a new strategy session, Cowen compared the layer-2 protocol to the top two crypto assets, Bitcoin (BTC) and Ethereum. He addressed how the altcoin might fare moving forward.
Cowen said that while MATIC has been doing well against the US dollar lately, how it stacks up against BTC is also an important metric that should be taken into consideration.