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BCH $550.42 (2.47%)
BSV $146.79 (-3.1%)
LTC $163.90 (3.23%)
BNB $383.16 (3.59%)
ADA $2.26 (3.53%)
DOGE $0.22 (1.56%)

Will Matic Reach $1 After Hitting New ATH? Analyst Says Yes

Will Matic Reach $1 After Hitting New ATH
  • Matic has surged over 30% to set a new all-time high of $0.24.
  • Matic price has been rising since it rebranded to Polygon In February.
  • Crypto analyst Lark Davis believes Matic will reach $1 once it gets listed on Coinbase.

Matic has spiked 32.5% in 24 hours to set a new ATH of $0.245430, according to CoinGecko. By the looks of it, crypto analyst Lark Davis believes it will reach $1 once it gets listed on Coinbase.

Notably, Matic recently rebranded to Polygon as part of its goal to transform Ethereum into a multi-chain system. Polygon offers secure Layer 2 chains and stand-alone Ethereum chains.

Matic announced its upgrade to Polygon on February 9, which caused its price to start surging. In addition, the altcoin has managed to steadily push upwards as shown on the chart below.

matic coin tradingview
Source: TradingView

Matic’s bull run has caused a lot of positive reactions on Twitter. One user @missnatoshi recently posted

Crypto analyst Lark Davis also chipped in and noted that Coinbase currently has Matic listed on its custody platform.  Davis further stated that once Coinbase officially lists Matic it will go up to $1.

Also, gaming giant Atari recently integrated with Polygon. Atari is using Polygon’s L2 to scale its token and NFTs. However, Atari is just one of many key integrations that Polygon has added to its network. Thus, each partnership is a key stepping stone to Polygon becoming the ‘internet of blockchains’ a fact, reflected by its growing market cap and price.

As Matic gears for the much anticipated Aavegotchi launch tomorrow, it looks like Matic’s price may defy the current reddish trend in the crypto market.

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Avid reader and writer with a passion for sharing crypto news and trends. Uses her background in finance to help readers better understand the crypto market and investments. Hopes to see mainstream crypto adoption in the near future, especially in Africa.