MATIC Price Analysis January 2023

MATIC is a token of the platform Polygon. Its current price is around $0.8084 at the time of writing, with a low of $0.3228, and it has a market cap of 7 billion dollars. In addition, Polygon, a company that specializes in accelerator programs and investment, has announced the launch of its newest initiative called “Orbeon Protocol,” which will be set up to increase its following after a surge of 805%.

What is Polygon(MATIC)?

MATIC is the coin of the Polygon platform, which is around $0.8084 by the time of writing, with a low of $0.3228. It reached a high of $2.45, and its current ranking is #10, according to CoinMarketCap, with a market cap of 7 billion dollars.

Polygon combines a cryptocurrency, a technology platform, and an ICO launchpad. They aim to connect and grow Ethereum-compatible projects and blockchains. Users can pay for transactions in MATIC tokens, which govern the Polygon network. Investors can also invest with MATIC tokens as a way of contributing support to the prospect of the growth of Polygon.

MATIC Coin Market Analysis 

MATIC has a total supply of 10,000,000,000 coins worth around $0.8084 with a market volume of 305 million dollars, whereas the market capitalization is 7 billion dollars at writing. Polygon (MATIC), a renowned blockchain company, has launched a new accelerator program. It is designed to support and grow the development of innovative projects and startups involved in the Polygon ecosystem.

ORBN is approaching the halfway point of its Presale. The goal is to help early-stage businesses and let investors take advantage of their opportunities. Orbeon Protocol allows startups to create NFT tokens from the offset, letting investors acquire these equity-based tokens to invest in a business. 

The Presale is part of phase 3 of their project, and the ORBN has a team of talented experts. Investors believe this will become very successful, so traders are looking to keep an eye on the price during that time. Analysts think the Orbeon Protocol will increase by 6000% during the presale period.

MATIC Crypto Price Prediction

In the 4H timeframe, the price action of $MATIC/USDT is rejected from the horizontal resistance zone. Currently, the price is going down. However, if the price breaks its S/R zone, it can go to the $0.7459 level. On the other hand, if the price breaks its $0.8185 Level and after a successful retest, we can see a good bounce upward.

For any time, on-demand analysis on $MATIC or any other coin can join our Telegram channel.

Matic Price Analysis
MATIC Price Analysis

Closing Thoughts

The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.

Pratyaksh
Pratyaksh

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