Why Polygon (MATIC) could steal the show in 2024: zero inflation, airdrops, & more

Polygon's MATIC is among the cryptos poised for massive surges this year, with various optimistic facets at play. The project ended inflation within the ecosystem after releasing all tokens into circulation last week.

Timeline of Polygon, Polygon-ecosystem-token

Are you looking for a bright, green, and straightforward way to grow your digital wallet? Well, you're in luck because staking on the Polygon network is catching the eyes of many in the crypto universe. It's like hitting the jackpot for anyone who values making a profit without harming the planet.

Polygon zkEVM, a prominent player in the Ethereum Layer 2 space, is entering an exciting new phase of its development with the launch of Stage 2 Beta. This move is expected to invigorate DApp growth and DeFi activity within the Polygon ecosystem.

Nomura's Laser Digital and WebN Group have unveiled the Libre protocol, a fund tokenization infrastructure powered by Polygon technology, set to launch in Q1 2024. The protocol aims to revolutionize the management and distribution of alternative investments, with Brevan Howard and Hamilton Lane as initial users.

Ethereum-based layer-2 scaling solution, Polygon (MATIC) is currently in the limelight following the impressive network milestone reached today. According to an update shared by Today In Polygon as echoed by its co-founder Sandeep Nailwal, the network's Daily Active Addresses soared back to their October high averaging 500,000 users per day.

Although the current direction looks optimistic, it's important to note that if the price falls below $0.95, it could cancel out the breakout and potentially result in a significant drop in the price. Polygon's (MATIC) Breakthrough: A Game-Changing Moment In a noteworthy development within the cryptocurrency market, Polygon (MATIC) has achieved a substantial milestone by closing above a long-term descending resistance trend line, which has persisted since its all-time high in December 2021.

Starting 2024 with a 2.04% jump on New Year's Eve, the MATIC price is situated on a bullish platform, ready to bounce higher. With the Polygon price action marking a minor pullback to give a successful retest, the buyers are speculating on the possibility of a refreshed bull run.

Polygon has been one of the strongest cryptos in the markets, thriving on well-built fundamentals. The MATIC price underwent a monstrous rally during the 2021 bull run and marked new highs above $3. Unfortunately, the bear market dragged the price to its lows at $0.317.

The global cryptocurrency market value has retraced to over $1.72 trillion, suggesting that the cryptocurrency industry has lost some of its momentum in the last day. Furthermore, MATIC has not seen any tiny losses, in contrast to the majority of prominent digital assets, such as Bitcoin.

Polygon (MATIC) is currently witnessing a notable upswing, registering a 30% rise in value over the past week. This upward trend is triggered by bullish investors within the protocol, who are aiming to attain new highs for the year. Nevertheless, as the price of MATIC approaches the $1 mark, there's noticeable selling activity from investors.

Polygon Price Prediction: In a climate riddled with market uncertainty, Polygon coin has emerged as a beacon of stability, effectively maintaining its ground above the pivotal $0.75 support mark. The past eight days have witnessed a commendable rally in the MATIC value, culminating in a 43% surge, with the altcoin now trading at the $1.07