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MATIC: Moving towards $7
If you are a DeFi user, you are likely to have encountered Polygon (MATIC). As we all know, gas fees on Ethereum can be very high, not to mention congestion issues. Sidechains built on the blockchain provide scalability solutions, and Polygon is one of the most popular destinations.
Given the above situation, MATIC has a large user base, which has promoted the demand for the MATIC token. In addition, the interest of institutional investors is also rising, further stimulating demand and pushing up its value. At the same time, its price friendliness makes it a favorite of retail investors, who can hold more tokens at lower prices.
Although it was still trading above $1.00 until the end of March, the big dump in the Crypto Assets market pushed it into falling territory. The good news is that it has a bigger rise short, with experts predicting a break above $7.00 by the end of the year. This makes it one of the best altts in pursuit of huge gains.