Polygon Price Predictions: How High Can Adidas Take the MATIC Crypto?-Cryptocurrency.Mohoagd

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Polygon jumped on Adidas and Prada's NFT announcement.


Bulls in Polygon  are probably giddy after a high-profile new development today thrust the MATIC cryptocurrency into the limelight. As investors consider what this newest news means, price projections for Polygon abound.

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What’s going on with Polygon lately?


Prada, an Italian luxury fashion house, and Adidas (OTCMKTS:ADDYY), a sportswear corporation, are teaming together to release a new initiative on the Polygon network. What is the nature of their relationship? Tokens that are not fungible. 


Between January 28 and February 3, the two businesses plan to auction off a series of NFTs created by digital artist Zach Lieberman. The revenues from the sale will be donated to a foundation that supports artists and creators.


The brands aim to release their third metaverse collaboration, titled "Adidas for Prada ReNylon collection," in addition to the NFT auction. Adidas has already collaborated with the metaverse The Sandbox .


On the news, MATIC is up more than 2% to $2.12 per coin today. With that in mind, let's take a look at where the experts believe cryptocurrency is headed.


Polygon Price Predictions


  • The MATIC cryptocurrency, according to Coin Price Forecast, has a bright future. The site predicts a price of $6.64 per coin by the end of the year and $11.66 in 2024.
  • Polygon is also favored by Wallet Investor. The site predicts a one-year price target of $4.48 per coin and a five-year price target of $12.75.
  • Finally, CoinQuora gives a more conservative valuation to the coin. Should the currency break its $2.26 resistance level, the site predicts a price of $2.72 in 2022. However, the site is quite bullish on the cryptocurrency in the future. MATIC is expected to reach $20 by the end of 2025, according to the forecast.

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