Polygon: Analyst Predicts POL (ex-MATIC) to Rally 150% to $0.94
Polygon (formerly known as MATIC, now as POL) has had a significant price drop over the last few months. The asset was among the top-ranked crypto projects by market cap but has since fallen to the 40th rank. POL (formerly MATIC) is down by 2.9% in the daily charts, 13.8% in the weekly charts, 28.9% in the 14-day charts, and nearly 8% over the previous month. Also Read: 2 BRICS Countries Advancing Towards Launching New Currency Source: CoinGecko Why Is The Asset Slumping? Source: Business Today While Polygon follows the general market downtrend, other factors have also affected its price. Also Read: What Did Tron’s Justin Sun Say About Shiba Inu’s Burn Mechanism? Polygon’s migration from MATIC to POL has presented significant headwinds. User activity has tanked, and large wallets have begun offloading their holdings. The drop in activity, coupled with the bearish market sentiment, has gravely affected the asset’s worth. Polygon Predicted To Hit $0.94 According to prominent c...
