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Polygon Price Predictions: How Far Can Adidas Take Crypto MATIC?

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Polygon (CCC:MATIC-USD) bulls are surely smiling after a high-profile new development thrust the MATIC cryptocurrency into the spotlight today. Polygon price predictions abound as investors digest what this latest news means.

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What’s been going on with Polygon lately?

A collaboration between the Italian luxury fashion brand Prada and sports business Adidas (OTCMKTS:ADDYY) is about to release a new project on the Polygon network. The nature of their partnership? Non-fungible tokens. The two brands plan to auction a series of NFTs by digital artist Zach Lieberman between January 28 and February 3. The pair will donate the proceeds of the sale to a charity dedicated to artists and creators.

In addition to the NFT auction, the brands plan to release their third metaverse collaboration, titled “Adidas for Prada ReNylon collection.” Adidas has already worked with The sandbox (CCC:SAND-USD) metaverse.

MATIC is up over 2% today on the news at $2.12 per coin. With that in mind, let’s see where experts think the crypto is heading.

Polygon Price Predictions

  • Coin Price Forecast thinks the crypto MATIC is destined for a pleasant future. The site has a year-end price target of $6.64 per coin and a forecast of $11.66 for 2024.
  • Wallet Investor is also bullish on Polygon. The site has a one-year forecast of $4.48 and a five-year price target of $12.75 per coin.
  • Finally, CoinQuora maintains a more conservative estimate for the coin. The site has a price prediction of $2.72 in 2022, if the coin breaks its resistance level of $2.26. Going forward, however, the site is extremely bullish on crypto. He sees MATIC reaching $20 before the end of 2025.

As of the date of publication, Shrey Dua does not hold (either directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.


Article printed by InvestorPlace Media, https://investorplace.com/2022/01/polygon-price-predictions-how-high-can-adidas-take-the-matic-crypto/.

©2022 InvestorPlace Media, LLC

Polygon Price Predictions: How Far Can Adidas Take Crypto MATIC?

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