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What Is the Matic Price Prediction Today
AT A GLANCE
- In 2024, Matic price is expected to reach $1.3787964305785032, according to some experts
- 2025 promises to be turbulent, with prices ranging from $0.10217058475194798 to $0.15747640690121797, with TradingBeast predicting Matic hitting a low at $0.10217058475194798
- By 2030, MATIC price can hit $1.3787964305785032
Matic Fundamental Analysis
Polygon (initially known as Matic) is a blockchain platform for Ethereum scaling. It claims to be the first interoperable layer-2 easy-to-use and well-structured network, allowing it to build more scalable applications. The core component of the network is Polygon SDK, a modular, flexible framework for building numerous dApps. The network allows performing transactions faster, for a lower cost, and without compromising security.
The network combines the best features of Ethereum and other sovereign decentralized networks into a full-fledged multi-chain system. The vision of Polygon is to facilitate the growth of Web3 applications by providing the necessary infrastructure, and also to create Ethereum’s Internet of blockchains — a multi-chain of Ethereum-compatible networks.
Initially, the project was called Matic, but as the scope of the project expanded it was rebranded to Polygon in 2021. Matic was just a simple scaling solution for Ethereum, while Polygon is a whole infrastructure consisting of self-sovereign collaborative chains. The project was launched in October 2017 by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The advisors of the project are also well-known in the world of blockchain — for instance, Hudson Jameson from Ethereum Foundation and the co-founder of EthHub Anthony Sassano.
For scaling, Polygon offers a suite of solutions, represented as sidechains. Just two of them (Polygon PoS and Polygon Edge) went live as of October 2022. Polygon Nightfall is live on the beta mainnet and another 4 are still under development.
Polygon allows developers to create optimistic rollup chains, ZK rollup chains, Matic Plasma, and stand-alone chains. Developers can also use a wide variety of modules, including consensus and governance modules, execution environments, and virtual machine implementations. The networks launched with those modules benefit from the Polygon Proof-of-Stake sidechain, where decentralized validators are finalizing everything on the EVM, thus making transactions faster and cheaper.
Two types of chains are supported by Polygon: stand-alone chains and secured chains. Stand-alone chains are compatible with Ethereum on their own and secured chains bootstrap their security by leveraging the network of validators.
Building on Polygon is very similar to building on Ethereum, which makes the platform easily accessible to the huge developers' community. Users can send their Ethereum tokens to the Polygon smart contract, interact with them on the network and then withdraw them back to the Ethereum blockchain.
The sidechain of Polygon is secured by the delegated Proof-of-Stake consensus mechanism. The users need to stake their tokens to validate the transactions and secure the network or to delegate their tokens to trusted validators.
The number of decentralized applications supporting the Polygon network is increasing.
MATIC is the native coin of the Polygon blockchain and is used to pay transaction fees and for staking to secure the network. It is an ERC-20 standard token launched on the Ethereum network. Users can also exchange the assets between Ethereum and Polygon through the Polygon bridge.
Matic Live Price Chart
When the altcoins were going bullish at the beginning of October 2021, the price of MATIC was also going up. By the end of October, the value of MATIC almost doubled reaching $2.1 from just $1.2 at the beginning of the month. But the token couldn’t stay at the same price level and during the next 3 weeks its price has declined, dropping to the level of $1.4 on November 18.
But after that, the price level started to stabilize and skyrocketed in the first days of December. On December 8 the price of MATIC reached $2.4, and after going for correction at $1.8, jumped up again, reaching $2.8 on December 28. The MATIC crypto price chart was going differently than the overall market trends, but as 2022 began the native token of Polygon also started to turn bearish.
On January 8 the price of the MATIC token fell to $1.99 and after three days of recovery at $2.3, it continued the fall, this time dropping to $1.6 on January 23. The price stayed around this level until the beginning of February. On February 9 MATIC temporarily jumped to $2.0, but couldn’t break the resistance and dropped to the support level of $1.4.
The MATIC coin price chart stayed bouncing until the end of April. In the middle of March when the crypto market was showing signs of recovery the price of MATIC also went a little bit up but returned to the previous level in less than 2 weeks. At the end of April, the value of MATIC started to go down. It lost around 50% of its price by May 13 when it was trading for $0.66. During the next month, its price kept stable within $0.63-$0.67, but then affected by the sell-off of the cryptocurrency dropped down to $0.39.
Unlike most of the other assets, it made an attempt to recover to the previous level at the end of June, but only succeeded to reach $0.61 on June 24 and established a downtrend again. Only when the whole market started to recover, the MATIC token also caught momentum. On July 17 to swap MATIC traders paid $0.75. For a month the price stayed stable, growing a little bit.
After reaching $1.0 on August 7, MATIC lost its position and stabilized at a lower price level. During the next 2 months, the price was slightly bouncing between $0.8 and $0.89, before dropping to the level of $0.77. During the first days of October MATIC was showing bullish signals but managed to reach only $0.84. Despite the upheaval of the price the MATIC price chart still stays closer to the bear market. Analysts expect the price to be pulled off in the short term.
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.
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Matic Price Prediction
Matic Price Predictions Summary
Matic Price Prediction for 2024
Matic Price Prediction for 2025
Matic Price Prediction for 2026
Matic Price Prediction for 2027
Matic Price Prediction for 2030
FAQ
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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).
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