Polygon (MATIC) Price Prediction: How Polygon Reinvented Itself, And What Does It Mean For Its Price?

Polygon has strong fundamentals and interesting use cases, which is why MATIC coin price predictions are usually pretty optimistic. Even if you’re not a fan of the Polygon (MATIC) crypto yet, you should take a look at this article — you might become one after this. 

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Matic Fundamental Analysis

Project name
Matic
Stock Symbol
MATIC
Current Price
0.6461
Current Supply
10000000000
ROI Since Launch
24442.51538812588
Official Website

Polygon (MATIC) is an ERC-20 token native to Polygon (formerly Matic Network), which is a Layer 2 scaling solution. Polygon combines a protocol and a framework for building blockchain networks fully compatible with Ethereum and connected to its mainnet. Polygon was launched in 2017 and moved to its own network in 2019. The project is backed by some big names like Binance and Coinbase.

The preferred platform for blockchain development is Ethereum, however, it has some limitations: it’s slow, expensive, and not customizable. Polygon helps avoid these issues by using Proof-of-Stake consensus protocol and a modified Plasma framework (a solution initially proposed by Vitalik Buterin), which supports a system of blockchains connected to the Ethereum chain. This solution allows processing more than 65000 transactions per second with block confirmation times of less than 2 seconds. There are plans to deploy other scaling solutions in addition to Plasma, like Optimistic Rollups, zk Rollups, sidechains, and others. 

Polygon provides this framework for developers who want to scale their dApps together with the tools to easily build their own chains (chain templates, support for Solidity/Viper languages, Ethereum libraries, consensus mechanism implementation solutions, etc.). The resulting chains are compatible with each other, as well as with the main Ethereum chain. The transactions within the Polygon ecosystem are paid in MATIC tokens, which are also used for payment services and transaction fees.

Matic Live Price Chart

Matic Network launched blockchain development tools and rebranded to Polygon in February 2021. Following this exciting Matic news, MATIC token’s price, which hadn’t broken the $0.03 mark before, started to rise, reaching almost $0.9 in April. After a small lull, the price skyrocketed, hitting the all-time high of $2.68 on May 18, 2021. Notably, this happened at the same time as most other crypto prices, including Bitcoin and Ethereum, crashed. This disparity may be explained by the growing interest in alternative blockchain solutions. A few days later MATIC experienced a short dip but quickly recovered, enjoying the support from high-profile organizations and people like Mark Cuban. It was traded for around $2 for a while, however, by the end of May, it started exhibiting bearish tendencies, hovering around $1.15-$1.20 in mid-June. This may be tied to some public image issues caused by a string of fraudulent projects deployed on the Polygon network, as well as to the bear market experienced by crypto in general. However, there’s still a lot of trust in Polygon, which seems like a positive sign for the MATIC price’s future.

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Matic Technical Analysis

Looking at the MATIC to USD (or Tether) chart, one can see that since late May 2021, MATIC has been trading in a falling wedge pattern, which may indicate an upcoming trend reversal. Looking at the shorter term, one should watch the price closely if it goes up and reaches the previous resistance level of $1.31. If it breaks this line, this would further confirm the probability of MATIC going bullish. If it doesn’t, however, it might be up for another dive or at least a consolidation in the support zone, at around $0.75-$0.90. In this case, one should be on the lookout for a forming descending triangle and watch for further signs of the price’s breakout or breakdown.

Matic Price Prediction

Below we have collected the most reliable price projections for Matic (MATIC) from popular forecast platforms.

Matic Price Prediction for 2022

As of the end of 2022, Matic price predictions remain predominantly positive, with some analytics promising the price at about $0.697788, while WalletInvestor even cites the possibility of the price reaching $1.681 by the end of the year.
Potential ROI: 69% Buy

Matic Price Prediction for 2023

According to WalletInvestor, in 2023 Matic investors should expect price growth to $2.409, which seems a good reason to consider Matic as an investment option. TradingBeast, in turn, predicts the price increasing to $0.88987, and PricePrediction.net agrees with a predicted growth to $1.15135.
Potential ROI: 130% Buy

Matic Price Prediction for 2024

The experts are unanimous in their Matic price forecasts for 2024 — everybody expects Matic’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $1.067329. According to WalletInvestor’s research, Matic’s price can go up to $3.069. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 Matic’s price will be about $1.462215.
Potential ROI: 189% Buy

Matic Price Prediction for 2025

Both PricePrediction.net and WalletInvestor predict the Matic market to grow in 2025, resulting in $1.02355 and $3.759 by the end of the year respectively. Other Matic price forecasts support the idea: TradingBeast forecasts Matic to reach $1.307944 by December 2025.
Potential ROI: 214% Buy

Matic Price Prediction for 2030

Most experts are expecting an encouraging future for Matic: long-term Matic price predictions promise significant growth by 2030. PricePrediction.net predicts the price to reach $1.576268, while TradingBeast goes for $1.935757. WalletInvestor also puts big hopes on Matic in the long term: its Matic prediction for 2030 is $6.80379.
Potential ROI: 432% Buy
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Summary

As it can be clear from the analysis cited above, Matic (MATIC) projections are rather contradictory. There is no universal consensus either about positive or negative future MATIC price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Matic projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).

FAQ

Can Matic reach $1?

Yes, MATIC already broke the $1 barrier. It may dip lower in the short term, but the long-term predictions show this coin trading consistently above this level

Will Polygon reach 10 dollars?

Yes, some Polygon price predictions promise that it may reach 10 dollars as soon as 2022. Even if it doesn’t happen so soon, it’s possible.

Why is the Matic price increasing?

Since rebranding and expanding their offer from just a scaling solution to a full-fledged development framework in early 2021, Polygon has attracted a lot of interest. The word got out that Polygon technology is solid, with many high-profile names such as Kyber Network attached to it. This means a lot of people place their trust in Polygon and MATIC token’s future.

Is Matic network a good investment?

Yes, the MATIC network is expected to grow in the long term. The founders have a good track record of continually growing their network - for example, adding some key features for blockchain developers in February 2021, which resulted in rapid growth in popularity. This makes it a good investment.

What will the Polygon price be tomorrow?

It’s hard to say what will the Polygon price be tomorrow since Polygon price predictions on such a small time scale are not always reliable. Since Polygon is a solid project, MATIC holders may be better off holding their tokens long-term.

Where do I buy Polygon?

There is a number of exchanges listing Polygon. We at SwapSpace offer you a quick and easy way to buy Polygon using the best offers from our partners.

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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