• Polygon (MATIC) is trading below the $1 mark despite announcing several key partnerships.
• AntiMetal launched its AI-powered cloud cost optimization platform on the Polygon blockchain.
• Horizon also integrated Sequence’s wallet and developer stack on Polygon to provide enterprises and app developers with more customization options.
Polygon Price Prediction
Polygon’s native coin, MATIC, is currently trading below the $1 mark despite the cryptocurrency announcing a series of interesting partnerships this week. Antimetal has launched its AI-powered cloud cost optimization platform on Polygon and Horizon has integrated Sequence’s wallet and developer stack on Polygon providing enterprises and app developers with more customization options. With these developments, some investors are wondering if MATIC will recover above $1 soon.
Factors Influencing MATIC’s Price
The recent performance of MATIC shows that the coin has less than 1% of its value over the past 24 hours. The price of Polygon stands at $0.8748 per coin at press time. Despite these developments, MATIC could be eyeing the $1 mark, but it must first overcome the fundamentals of the broader crypto market which might play a huge role in determining its future price movements..
Is MATIC Likely To Recover Above $1?
At this point, it is difficult to predict if MATIC will move past the $1 mark soon as it depends largely on how Bitcoin performs in coming days since it continues to trade below $27k and could likely drop lower if support levels fail to hold up. Furthermore, technical indicators such as MACD line still remain above neutral zone indicating that bulls are still controlling market sentiment.
Web3 Fellowship Program Launched by Sandeep Nailwal
Sandeep Nailwal, CEO of Polygon also recently launched a web3 fellowship program which aims to bring together experts from different fields such as engineering, legal practices and product design together for development purposes related to web 3 projects hosted on Polygon blockchain network.
Overall, while there have been many positive announcements regarding Polyon’s partnerships over recent weeks which have yet to show any significant impact on its price movements at present due their dependence on broader crypto market fundamentals which remain uncertain at present making it difficult for investors to make any conclusive predictions about whether or not Matic will recover above $1 in near future or not