{"id":378075,"date":"2023-03-01T03:00:20","date_gmt":"2023-03-01T08:00:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=378075"},"modified":"2023-03-01T03:09:47","modified_gmt":"2023-03-01T08:09:47","slug":"polygon-matic-price-prediction-as-the-bears-relent-will-it-rally-to-1-28","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/polygon-matic-price-prediction-as-the-bears-relent-will-it-rally-to-1-28","title":{"rendered":"Polygon (MATIC) Price Prediction: As The Bears Relent, Will It Rally To $1.28?"},"content":{"rendered":"

Polygon, the 9th cryptocurrency by market cap, is gaining today, <\/span>trading at $1.26<\/span><\/a> with a price increase of $1.25 within 24 hours. This is an increase from yesterday’s closing price of $1.20, although it is still below its seven-day high of $1.42.<\/span><\/p>\n

MATIC started the year trading at $0.76 on January 1, 2023, and increased to $1.02 on January 16. The coin maintained the $1 price level in February 2023 and is today recording a positive start to March. Going by the price gain of today, a further increase in MATIC price is possible.<\/span><\/p>\n

Factors Driving MATIC’s Rally<\/h2>\n

Polygon has transformed into a hub for developers and innovations over the years. Certain factors could be responsible for its recent price behavior.<\/span><\/p>\n

Polygon ID Revolution<\/h3>\n

Polygon Developers announced Polygon ID, a Self-Sovereign Identity (SSI), changing how personal data is stored and managed. Polygon ID is a Web3 solution that gives users benefits such as decentralization, composability, and private on-chain verification.<\/span><\/p>\n

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The Self-Sovereign Identity (SSI) movement is revolutionizing the way personal data is controlled and managed. #PolygonID<\/a> is the first identity solution that allows users to generate ZK proofs to prove statements on-chain based on real-world documents. 🔗<\/p>\n

— Dabl Club 👿 (@DablClub) February 27, 2023<\/a><\/p><\/blockquote>\n