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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
0.7392
Current Supply
10000000000
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 for Matic price predictions for the rest of 2022, there are divergent opinions. WalletInvestor expects a downturn towards $0.510048, and PricePrediction.net echoes with ~$0.280896 by the year’s end. Other experts, for example, from TradingBeast, are more enthusiastic about Matic’s future price, citing upwards of $1.030472 in December.
Potential ROI: -18% Sell

Matic Price Prediction for 2023

In their Matic price predictions for 2023, WalletInvestor’s forecasts the coin’s price to go above $0.753984 by December. Forecasting Matic's future, TradingBeast expects further growth, too, saying the Matic price will reach ~$0.896334 by that time. On the contrary, PricePrediction.net keeps predicting Matic price decline, quoting prices around ~$0.495264 in 2023.
Potential ROI: -3% Sell

Matic Price Prediction for 2024

Matic price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $1.022181–$1.042272 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0.532224 in December 2024.
Potential ROI: 17% Buy

Matic Price Prediction for 2025

PricePrediction.net has only pessimism in store for the 2025 Matic price prediction, valuing Matic at $0.672672 by the end of 2025. WalletInvestor agrees with a negative forecast and predicts, in turn, $0.206976 for the same period. On the other hand, TradingBeast’s team is more optimistic — their Matic price prediction for December of this year is just $1.304215.
Potential ROI: -2% Sell

Matic Price Prediction for 2030

Speaking of long-term Matic price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Matic price won’t grow further and, opposedly, will decline to $0.510048. PricePrediction.net’s price prediction for Matic echoes with the projection of a downtrend to $0.125664. Despite this, TradingBeast’s vision remains positive, promising growth up to $1.252046.
Potential ROI: -15% Sell
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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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