After the bank collapse in the US, the MATIC course was able to recover extremely quickly.
The price of Polygon (MATIC) has once again experienced a strong increase in recent days. The MATIC course continues its positive development from the beginning of 2023.
The Polygon course (MATIC) knew how to recover very well in the last days of the collapse that triggered the banking crisis in the US The price fell from a value of $1.15 to $0.95. However, the price was able to recover relatively quickly from this drop.
In the days after the crash, the MATIC price was able to recover very strongly and rose again to a value above the pre-crash price. After just three days, the price rose back to the $1.15 mark. The price then rose again to a value of over $1.20.
Why Was the MATIC Course Able to Recover So Quickly?
The recovery of the course in the last few days gives hope to a very positive prognosis for the Polygon (MATIC). But what triggered the rapid recovery?
The recovery is mainly because the bank’s fall strengthened the cryptocurrency market. The Bitcoin price in particular has experienced a huge bullish momentum. Now, as a result, altcoins are also rising more strongly. Also, MATIC has been one of the most popular cryptocurrencies in recent months.
The price of the Polygon (MATIC) has risen considerably recently, and the market trend is upward. Therefore, the MATIC forecast is likely to be positive for the coming weeks.
It also depends on whether the current positive trend of the Bitcoin price continues. The recovery of the mark depends mainly on the development of the price of Bitcoin, which currently supports the market even more than before.
This is mainly because many users invest their assets in Bitcoin after the bank collapse. This could also result in more money being available to invest in altcoins such as MATIC.
How High Can the MATIC Course Go up?
The Polygon (MATIC) price could now benefit from the momentum of the crypto market, and rally strongly again. If the price of Bitcoin continues to rise, the price of MATIC could rise sharply as well. Since Polygon is currently very popular as a network, and large companies are investing a lot of money in the project, the MATIC course could benefit greatly.
If the price of Bitcoin continues to rise in the coming weeks, the price of MATIC should rise sharply as well. A move above $1.50 looks quite possible in the next few weeks. The $2 mark is probably still possible in 2023, but according to some experts, it will come too soon in the coming weeks. Therefore, a Polygon (MATIC) forecast of $1.40 to $1.55 is assumed in the next 6 to 8 weeks.
By Audy Castaneda