The post Polygon Price Prediction: MATIC Targets $1 By 2024, DigiToads Expected to 100x this year appeared first on Coinpedia Fintech News The cryptocurrency market, known for its volatility, has seen Polygon (MATIC) experience a significant price decrease in June, dropping to $0...
The post Polygon Price Prediction: MATIC Targets $1 By 2024, DigiToads Expected to 100x this year appeared first on Coinpedia Fintech News
The cryptocurrency market, known for its volatility, has seen Polygon (MATIC) experience a significant price decrease in June, dropping to $0.6. However, July has brought a gradual recovery for this altcoin, with its price currently at $0.79. This improvement can be linked to the overall positive market sentiment, largely influenced by Bitcoin’s successful maintenance of the $30K resistance level and recent bullish trends.
DigiToads (TOADS), a recently introduced meme coin, has gained considerable attention during these market changes. Since its inception a few months ago, DigiToads has raised an impressive $6.4 million in its presale, a noteworthy achievement for a meme coin. The price of DigiToads has already increased by 400%, and with the official launch approaching, further price increases are expected.
Will Polygon regain its momentum and reach $1 again, or will DigiToads outperform it and emerge as the new star of the crypto market?
Polygon Price Prediction
Polygon, or MATIC, is a well-structured, multi-chain scaling solution for Ethereum. It is designed to provide faster and cheaper transactions on the Ethereum blockchain, making it an attractive option for developers. As an integral part of the Ethereum ecosystem, Polygon aims to solve some of the most pressing issues in the blockchain industry, including high fees and slow speeds.
Polygon has retained vital support levels and rose again during the 2022 bear market. This was partly due to large-scale partnerships announced during the spring and summer of 2022, such as those with Coca-Cola and Disney, and the further popularization of layer-2 scaling solutions. Polygon has continued to introduce new and exciting partners in 2023, too. For example, Shemaroo, one of India’s leading media/entertainment companies, plans to launch an exclusive Bollywood NFT marketplace.
At the time of writing, MATIC is within the top 10 on CoinMarketCap, and its price hovers around $0.79. the future looks promising for this altcoin. Analysts predict that by 2024, Polygon could reach the $1 mark. By 2025, the price is expected to range between $1.35 and $1.95; by 2026, the price might move between $1.95 and $2.80.
Reaching $1 by 2024 will bring approximately 27% profit growth to its current investors, meaning today’s $100 could turn into $127 in the next year.
TOADS Reaching the Moon by the End of 2023
DigiToads, a new entrant in the crypto market, is a meme coin with a twist. It combines the viral potential of a meme coin with the practicality of Play-to-Earn (P2E) and Stake-to-Earn (S2E) fundamentals. This unique combination makes DigiToads a potential game-changer in the crypto space.
Currently, DigiToads is in its presale stage, having already sold over 370 million tokens. The token’s value is expected to surge significantly by the end of 2023, potentially reaching the $0.08 mark. This growth is anticipated due to implementation various features such as a trading school, P2E games, NFT staking, NFT collection launch, and eco-friendly measures.
By the end of 2024, DigiToads could capitalize on its P2E and S2E fundamentals and community-centric focus. With the launch of its decentralized exchange and assuming favourable market conditions, the token’s value could rise to around $0.15. However, volatility and macroeconomic factors may result in the token value fluctuating between $0.08 and $0.15.
Therefore, in the best case scenario, if the anticipations are correct, investors purchasing TOADS at its current price of $0.05 will experience a 220% investment growth by the end of next year, meaning if you buy $100 worth of TOADS now and the price reaches $0.15, your investment would be worth approximately $320.
Final Takeaway
The cryptocurrency market is a volatile and unpredictable landscape. However, the positive standing of Bitcoin has created a favourable environment for altcoins. Both MATIC and TOADS are set to see a rise in their value. But here’s the exciting part – TOADS, the new, innovative, entertaining, and rewarding gem on the market, is projected to attract more hype and investors’ attention, leading to hype and massive price jumps for TOADS.