#MATIC/USDT on the W timeframe is showing a positive price response in the strong support zone of $0.7-$0.8. While other Layer 2 projects such as #OP, #ARB are experiencing rapid growth and breaking ATHs in January 2024, another Layer 2 project, Polygon ZkEVM, has undergone a 10-month Phase 1 trial. Phase 2 of this project is starting to build the infrastructure to develop DApps, set to go live in March, demonstrating the potential for network development as it attracts new developers and other tokens running on its DApps.
With the current price at $0.9, buying in to hold until the project starts rolling out in March may be a reasonable strategy. Typically, many projects undergo strong price pumps before announcements, followed by a correction phase before continuing with even stronger growth.
Our target expectations are Tp1: $1.2-$1.6 and Tp2: $2.2-$2.6. However, these are just our team's personal opinions and not financial advice. Investing in crypto always carries risks, so only invest what you can afford to lose!