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Thursday, April 25, 2024

Polygon (MATIC) launches Avail blockchain, price prediction and technical analysis

The Polygon team has developed a data availability tool for Layer 2 solutions and sidechains.

The development team of Polygon (MATIC) presented the scaling solution Avail in a press release : “A universally applicable, scalable blockchain geared towards data availability”. The scaling solution developed, among other things, for sidechains is “an important component of a completely new way in which future blockchains will work”.

Different types of scaling solutions, such as sidechains, can dock on Avail and access a pool of transaction data. With Avail, the consensus layer of a blockchain no longer has to carry out transactions, but only has to organize transactions and guarantee data availability.

Instead of verifying the state of the application, it focuses on ensuring the availability of the posted transaction data and also ensures the transaction order. A block that has consensus is only considered valid if the data behind that block is available.

This mechanism is intended to prevent “block producers from releasing block headers without releasing the data behind them”. This would consequently prevent clients from “reading the transactions necessary to calculate the state of their applications”.

Avail is currently in the devnet phase, a testnet is already in the works.

Our Verdict on Polygon (MATIC) Price Prediction: 2021-2025

As a non-mineable token, MATIC currently stands at a price of $2.34 with a market capitalization of $14,372,165,702, which puts it in the position of 36 in the global cryptocurrency rankings. There are 6,145,590,937 MATIC tokens available in supply currently.

After February, MATIC price hiked by 165%, and its best price was $0.8933 USD showing great potential but big milestones yet to be achieved. Given the Covid-19 scenario looming large, it was of course a commendable performance for Matic Network.

The best tip to invest in MATIC coin will be to wait for another fall, as currently according to MATIC coin price prediction, it is at the peak. Even though there could be misleading surprises for us in terms of the token, like any other cryptocurrency, it is wise to wait for another round of upward bullish push.

Even though other major crypto giants seem to be getting social media hype, MATIC will sure steadily show a positive pattern, constantly rising, and the year 2021 will be the year of MATIC with the prediction of a minimum of $3 for sure.

The demand and supply trends in the average trading volume reveal the increasing demand for MATIC tokens on the backdrop of the decreasing supply of the corresponding cryptocurrency.

Volatility, despite being the inherent trait of all cryptocurrencies, overpowers the choice of most traders. Even though pandemic shook the roots of the fiat currencies, cryptocurrencies like MATIC took the world by surprise showing gains despite the crisis. Hence, volatility represents an immensely important aspect of crypto trading. While analyzing MATIC, one can’t afford to ignore the attributes of artificial intelligence and deep learning mechanisms that go behind MATIC coin.

Matic Network has brought past investors well over 60% returns before the onset of a new year. MATIC is an especially great asset for traders who can take advantage of these price swings with a long or short position and let us what industry experts forecast for investment next 5 years:

MATIC Price Prediction 2021

Having witnessed a massive dapp adoption in 2021 that drove the price of MATIC. The partnerships and alliances shall push the scalability of the network to 1,00,000 transactions per second. The Polygon ecosystem is super popular with numerous projects built on it, given the advancements are maintained we can see the MATIC price soar to $3 mark making it new all-time high with $2.68.

MATIC Price Prediction 2022

With partnerships & alliances, and community funding, the market looks back at MATIC to perform, reaching a level of $3.4, which is quite optimistic but surely feasible.

MATIC Price Prediction 2023-2025

It will be too early for MATIC price prediction 2030, with current scenario it’s good to go with MATIC price prediction 2025. Any changes in Govt. policies and regulations, Polygon may too have its share of hazy days. MATIC should sail calmly at $3.5 or max bow down to $1.9 making it not plummet but play consistent.

It would not be an exaggeration to find that the MATIC price will scale a peak of $3 someday though the same can’t be called a very overstated and buoyant reach.

MATIC price prediction has truly somersaulted in the last year totally transforming the trend from beginning towards the end of the year. It has had a historic journey throughout. All said and done Matic’s trend has been quite aggressive leading to a very optimistic path. The token may grow in leaps and bounds, especially for alliances. New Partnerships would bring MATIC to the limelight making it the center stage for investments and a socially esteemed cryptocurrency. In the process, more transactions shall be executed with every passing second which may prove a tough challenge for crypto rivals of Matic.

But surely the BULL WILL BE BACK !!


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