MATIC price forecast after Polygon zkEVM launched the second testnet

Polygon (MATIC/USD) launched its second testnet, claiming that it is the final step prior to the mainnet launch.

This new testnet includes an upgrade that can increase scalability within the network, and its main goal is to trial-run a new upgrade prior to the mainnet launch.

Polygon is a Layer-2 blockchain that operates alongside Ethereum (ETH/USD), allowing for quicker transactions and lower fees.

The Polygon zkEVM second testnet launch as a catalyst for growth

In the latest Polygon news, the Ethereum scaling platform launched its second public testnet, which is moving the platform toward its final stage prior to an official mainnet launch.

This testnet will trial a new upgrade called recursion, which can result in the exponential scaling of Ethereum. 

ZkEVMs are an Ethereum scaling technology that could vastly improve Ethereum transaction costs and speed and even enable on-chain privacy while also simplifying the development process for developers.

Furthermore, to ensure the security of the breakthrough, Polygon announced an ongoing audit of Polygon zkEVM. Two security firms will analyze 37 components of the zkEVM.

Should you buy Polygon (MATIC)?

On December 22, 2022, Polygon (MATIC) had a value of $0.7922.

MATIC/USD Chart by Tradingview

The all-time high of the Polygon (MATIC) cryptocurrency was on December 27, 2021, when it reached a value of $2.92. Here we can see that at its ATH, the token was $2.1278 higher in value, or 268% higher.

When we go over the 7-day performance of the cryptocurrency, Polygon (MATIC) saw its low point at $0.785789, while its high point was at $0.799903. Here we can see a 2% difference, or by $0.014114.

In terms of the 24-hour performance, however, Polygon (MATIC) saw its low point at $0.785789, while its high point was at $0.792175. Here we can see a 1% difference or by 0.006386.

With this in mind, investors will want to buy MATIC as it can climb to $0.88 by the end of December 2022.

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