The post The price recovery is on the horizon appeared on BitcoinEthereumNews.com.

It is only right to say that no crypto token can be written off at any stage. Volatility affects digital assets, but only for some time. It then allows them to make a recovery, thereby fetching decent profits for holders. Similarly, Polygon’s MATIC remains a significant asset on the market today.  There was a dip in the token value, but it has recovered notably. The last 24 hours themselves have seen the token rise by more than 4%, with the current rate being around 4.03%. MATIC is exchanging hands at $0.5717 at the press time. The downward trend was triggered by the upswing to $0.6285. It has since experienced a fall, just like Bitcoin ($BTC) and Ethereum ($ETH). While a direct comparison may not make for an interesting report, the trend has garnered significant attention. Both the leading cryptocurrencies have been seen declining in recent times. MATIC likely followed in those footsteps. The MATIC/USD pair formed a short-term top at $0.6286 before retracing its steps back to $0.600 and $0.5720. The price even climbed to a 23.6% Fib Retracement level. What is holding optimism back is the decline in the last 7 days and 30 days. MATIC fell by 8.37% and 19.02% during their respective time frames. MATIC crypto price prediction, irrespective of traders’ sentiments, remains positive.  It demonstrates that the token can reach as high as $1.31 by the end of the year, i.e., 2024. It builds on near-term predictions, where the next 5 days could see a surge to $0.731362 and the next 30 days could see a jump to $0.667572, up 17.28% from the current value. Future bullish predictions are based on three recent developments within the native ecosystem. Polygon announced that it is working closely with Ronin Network to build a zero-knowledge layer-2 solution. Furthermore, it…

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Filed under: News - @ June 19, 2024 12:18 pm