- MATIC price is hovering close to its previous all-time high of $2.92.
- Analysts predict that there is a likelihood that MATIC price continues its bull run and enters price discovery.
- On-chain activity in the Polygon network explodes as Quickswap, a decentralized exchange, witnesses a spike in active users.
The Polygon network closed the year with over 130 million addresses, while it started with 180 addresses in January 2021. MATIC price is hovering near its previous all-time high, as analysts predict a bull run.
MATIC price gears up to hit new all-time high
The Polygon network has grown significantly over the past year, starting the year with 180 addresses and closing at 130 million. MATIC price is hovering close to its previous all-time high as the token continues its uptrend.
Analysts have evaluated MATIC price trend and observed a strong bullish trend over the past few months. The next resistance for MATIC price is at $2.68. The token’s price trend is along the 25-day and 50-day moving averages.
In 2021, Polygon powered key Web3 projects in its ecosystem. Uniswap and Aave launched in the Polygon ecosystem. With the rising utility and on-chain activity, native token MATIC’s price exploded.
Quickswap, one of the largest decentralized exchanges on the Polygon network witnessed a spike in active users, exceeding SushiSwap. This implies further adoption of MATIC by traders and investors.
@ShardiB2, a crypto analyst and trader is bullish on MATIC price.
$MATIC
— Don't Follow Shardi B If You Hate Money $UST (@ShardiB2) January 3, 2022
Consolidating... needs to hold here tho.. pic.twitter.com/DQyaADGgeq
As active addresses on the Polygon network crossed 500,000 proponents expect MATIC price to hit new all-time high and enter price discovery.
FXStreet analysts have predicted that MATIC price is positioned for a massive leg up as the token remains in the bull market.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

Ripple Price Prediction: How tokenized treasuries could accelerate XRP to $10 by end-2025
The adoption of cryptocurrency-related financial products, including tokenized treasuries, is on overdrive globally, with the focus now shifting to robust networks such as Ripple's XRP Ledger (XRPL).

Sei rallies as Wyoming selects protocol for WYST stablecoin pilot
Sei extends gains above $0.21, decoupling the token from the broader crypto market amid low sentiment and macroeconomic uncertainty. The Wyoming Stable Token Commission selects Sei Network as a candidate blockchain for the WYST, the first fiat-backed stablecoin issued by a US state.

Crypto Today: Bitcoin, Ethereum, XRP nudge higher as geopolitical tensions take a backseat
Bitcoin bulls step up, pushing the price above $106,000, as Trump said he would delay his decision about launching strikes on Iran for up to two weeks. Ethereum rebounds from the 200-day EMA support at $2,477 amid steady interest in the derivatives market.

Solana eyes trend reversal as bearish momentum bottoms out above $140
Solana experiences a minor uptick of under 1% at press time on Friday, with multiple long shadow candles forming above $140 as bearish momentum fades off. The optimism surrounding Solana is on the rise, as evidenced by the SOL Open Interest reaching a weekly high.

Bitcoin Weekly Forecast: The calm before the storm
Bitcoin (BTC) price remains steady above a key support level, trading slightly above $106,000 at the time of writing on Friday. The uncertainty looms as geopolitical tensions between Iran and Israel show no sign yet of an exit strategy from either side.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.