Polygon (MATIC) Value Predictions: How Excessive Can Mark Cuban Take ‘Good’ Polygon?

Polygon (CCC:MATIC-USD) is likely one of the yr’s larger crypto winners. With an emphasis on transaction velocity, fuel charges and vitality consumption, the MATIC token is likely one of the most interesting performs. Not too long ago, the crypto is getting some huge assist from billionaire Mark Cuban, who’s evidently an enormous fan of the altcoin. Is Cuban’s latest weblog submit touting the “sensible” MATIC token sufficient to budge Polygon (MATIC) worth predictions?

A concept image for the Polygon (MATIC) crypto.

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We realized Cuban is an investor in Polygon in Might. Together with merely including the crypto to his portfolio, he’s making it recognized that he’s an avid consumer of Polygon, saying he finds himself “utilizing it increasingly.”

Since he unveiled his stake within the cryptocurrency, Cuban is being increasingly vocal about his assist. This week, Cuban mentioned the “sensible” functions of Polygon in his private weblog.

The entrepreneur broke down the applying of Polygon and different layer 2 blockchain scales within the submit. He praised the idea of validators with proof-of-stake networks for offering the underlying assist essential to run a blockchain in alternate for rewards.

He additionally mentioned the staking capabilities of MATIC, calling staking a “symbiotic relationship that additionally helps safe the community.” Lastly, he stated Polygon created a low-cost token that may have wanted hundreds of thousands in fundraising {dollars} to assemble in a centralized method.

Polygon (MATIC) Value Predictions: Can Cuban Carry MATIC?

Cuban is clearly certainly one of Polygon’s largest followers. And as a star investor, he has quite a lot of sway, particularly within the adolescent world of crypto. Is his fawning over MATIC sufficient to raise the token? Let’s check out what analysts predict:

  • FXStreet, talking on the brief time period prospects of MATIC, is looking the token’s upside potential “restricted.”
  • In the long run, many retailers are very bullish. DigitalCoinPrice thinks MATIC can end out 2021 with a worth of $2.26, a progress of over 70 cents from its present worth.
  • WalletInvestor predicts the token to achieve values as excessive as $7.72 by June 2022.
  • Gov Capital’s June 2022 prediction pegs MATIC for a worth of $9.39.
  • The extra bearish Economic system Forecast Company doesn’t see MATIC overcoming its short-term woes any time quickly. The outlet is predicting the token to solely briefly eclipse $2 by this yr and the subsequent.

On the date of publication, Brenden Rearick didn’t have (both immediately or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Tips.

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