Skip to main content

FEATURED POST

When Cryptoverse Meets Metaverse

The term 'metaverse' has been creating a buzz in the world in the last few months, Google search analysis shows that the term 'Metaverse' had a search score of less than 1 in 2020 which grew to 99 in 2022.  At the end of 2021 we also witnessed Facebook change its name to Meta , but its not only Facebook that is focused on the metaverse and its infrastructure, a bunch of tech companies are in the race for the metaverse (Nvidia, Unity, Roblox, Snap etc.) A recent report published by Technavio called, 'Metaverse Market in Finance by Component & Geography Forecast and Analysis 2022-2026' stated that the metaverse market will increase by $50.37bn during 2022-2026.  Another research company, Grand View Research , headquartered in San Francisco expects the global metaverse market size to grow by a compound annual growth rate (CAGR) of 39.4 from 2022 to 2030 But what exactly is the metaverse? Wikipedia describes metaverse as follows: 'Metaverse is a hypothetica

What Is The Future Price Prediction of Polygon (MATIC) Cryptocurrency - 2021, 2022, 2023, 2024, 2025, 2026 - Report Date: 1st May 2021

 

Polygon (MATIC) cryptocurrency price prediction

  • Polygon is currently priced at $0.80 as at 1st May 2021
  • Polygon is predicted to end the next five years and the below listed prices:
    • $1.61 - 2021
    • $3.27 - 2022
    • $4.93 - 2023
    • $6.60 - 2024
    • $8.26 - 2025
    • $9.92 - 2026
  • Sentiment Analysis - Polygon has returned a positive 66% as per the sentiment analysis model. A positive sentiment analysis could signal a buy trend
  • On a daily scale, the RSI currently sits at 71.71. RSI above the 70 level signals overbought and below 40 signals oversold. The current level indicates the cryptocurrency is overbought. We expect the RSI to drop to approximately 58 points before pulling back
  • MACD a momentum indicator indicates that the price would drop in the short term
  • 10 Day Volume Moving Average vs Close Price
Polygon (MATIC) future price prediction
  • The chart above shows the relation between 10 Day Volume Moving Average (DVMA) calculated using the daily buying or selling pressure vs the close price of the cryptocurrency
  • As per the chart, the price follows the 10 Day Volume Moving Average. This can be used a gauge to predict the movement of price using the 10 DVMA. The chart indicates that the 10 DVMA is at a level it was a few days ago. If the 10 DVMA falls, the price would follow or vice versa. 10 DVMA downward pressure has a higher probability
  • The circled part shows 10 DVMA at a level it was a few days ago. The movement upwards or downwards would influence the price.

Summary Points:
  • Short Term: Indication of Polygon's price decrease in the next few days with a possible low of $0.49 before pulling back to $0.60
  • Long Term: The price of Polygon could reach $9.92 by the end of 2026, resulting in a 1140% growth.
  • Trade Indicator:
    • Short Term: Neutral
    • Long Term:  Buy

Note: Price predictions in this article are based on mathematical models and should only be used as a reference and not as a trading signal. Trading decisions should not be based on the opinion in this article, investors should conduct their own due diligence before buying or selling the cryptocurrency. 

Comments

  1. Nice info, I am very thankful to you for sharing this important knowledge. This information is helpful for everyone. Read more info about prediction for cryptocurrency price today. So please always share this kind of information. Thanks.

    ReplyDelete

Post a Comment