According to CryptoPotato, Polygon (MATIC) has experienced a 30% monthly price surge, briefly surpassing the $1 mark this week.

According to CryptoPotato, Polygon (MATIC) has experienced a 30% monthly price surge, briefly surpassing the $1 mark this week. The increase has caught the attention of industry participants, with some analysts predicting further growth in the coming months. Twitter user Ali claimed that MATIC shows 'promising signs' for long-term gains, predicting a 90% increase in the asset's valuation next month if it closes above the $0.96 resistance level.

MATIC has not dropped below the mentioned mark since Ali's forecast and is currently trading at around $0.97, according to CoinGecko's data. Content creator and investor Jake Gagain outlined an even more bullish scenario for the token, predicting a price appreciation to as high as $9 by 2025.

The recent spike in MATIC's price coincides with a significant rise in Polygon's on-chain trading volume. According to DefiLlama, the figure currently stands at almost $170 million, a 300% increase compared to the numbers observed at the end of January. Additionally, Polygon has performed well in the non-fungible token (NFT) field, registering an NFT sales volume of approximately $6 million for the past seven days.