Polygon Matic Price Prediction for 2022, 2025 & 2030
21 Jul, 2022
Polygon Matic Price Prediction
Let’s cut to the chase. We know you are wondering when the Polygon Matic coin price will go up and whether it’ll be worth investing in.
Well, we’ve done the research and have decided to create a complete guide that breaks down the future of Polygon Matic.
We’ll cover why Polygon Matic is likely to grow in value when you can expect that growth, and why it’s an exciting investment today. Keep reading to find out more!
What is Polygon Matic Cryptocurrency?
Polygon (MATIC) is a Layer 2 scaling solution that enables faster, cheaper, and more secure transactions on Ethereum. Polygon’s native token, MATIC, is used to pay transaction fees on the network.
Polygon is a scalability solution for Ethereum that achieved instant popularity in the crypto community due to its unique approach to scaling.
The network utilises sidechains that are secured by the Plasma security framework and connected to the Ethereum mainnet.
Since MATIC is an ERC-20 token, it can be used with other cryptocurrencies based on the Ethereum platform.
How to Buy Polygon Matic?
You can buy Polygon Matic (MATIC) on several cryptocurrency exchanges, such as Binance and OKEx. MATIC is also available on a few popular fiat-to-crypto exchanges, such as Coinbase and Gemini.
If you want to buy MATIC with fiat currency, the process is really simple. All you have to do is choose an exchange that supports the buying and selling of MATIC directly, and buy coins with USD.
However, in the case that your platform does not support MATIC/USD, follow these steps to purchase it:
First, purchase Bitcoin (BTC) or Ethereum (ETH) on a fiat-to-crypto exchange
Then, transfer your BTC or ETH to an exchange that supports MATIC trading (some examples of these exchanges are Binance, Coinone, Huobi, and Kucoin)
Once there, trade your BTC or ETH for MATIC tokens
The current price of one MATIC token is 0.56 USD, with a circulating supply of 8.01 billion coins. The total market cap is 4.489 billion USD.
Polygon Matic Price History
Polygon (MATIC) was released in 2017 and has since undergone several price fluctuations. In 2020, the price of MATIC reached an all-time high of $0.72 in September.
However, the price dropped significantly in the following months and reached a low of $0.11 in December 2020. The price has since recovered and is currently trading at $0.42 as of April 2021.
The future prospects of MATIC are unclear but they will likely continue to fluctuate with the volatility of cryptocurrencies and the market in general ever since COVID-19.
Polygon Matic Crypto Forecast for the Long Term
This project is viewed as being highly viable by many traders and analysts, who anticipate that its price will soon increase substantially. How well MATIC will work in practice, however, is unknown. The price performance of a coin may be impacted by a number of things.
People who invested in MATIC have made significant profits. However, given the extraordinary volatility of the cryptocurrency market, it is practically impossible to predict with certainty what the future holds for the cryptocurrency sector in general and the Polygon network in particular.
Here are a few tips to ensure that your investment in MATIC, or any other crypto for that matter, is viable:
Do your own research (DYOR) before investing in Polygon (MATIC), just like you should with other assets
Never invest more money than you can afford to lose
Polygon Price Prediction for 2022
Although the majority of crypto experts forecast that the Polygon cryptocurrency price will increase, they do not foresee any sudden adjustments.
By the end of 2022, the price of Polygon MATIC is predicted to be $4.15.
The Wallet Investor predicts that in the middle of 2022, the price of the Polygon cryptocurrency may surpass the $3.38 threshold. It is anticipated that the Polygon exchange rate will be at $3.47 by the end of July. The coin's absolute lowest price by the end of 2022 might be $2.87, and its highest possible value could reach $4.57.
Government Capital offers a similar prediction. It seems to be optimistic that MATIC will flourish well past 2022. Analysts from the source predict that by 2023, the price of Polygon may exceed $4 per coin.
Last but not the least, the technical analysis performed by TradingBeasts suggests that MATIC may surpass $3 in 2022 before continuing its rising trajectory. By year's end, the average currency value for MATIC might reach $5.
According to DCP, MATIC was expected to be valued at $2.44 by January 30th, 2022. By the middle of 2022, it expected the cryptocurrency to hit the $3 level.
Both predictions, however, were incorrect as the price of the coin dropped steadily. It is currently valued at $0.5, as of July 13th, 2022. The purpose of this comparison is to remind viewers that predictions in the crypto market have become increasingly difficult (even with the correct tools) owing to unpredictable market changes.
Despite its current downfall, the MATIC projection for 2022 appears to be largely optimistic. By the end of 2022, the price of the Polygon cryptocurrency might reach $4.75 if investors are able to "push" the asset's price past the current record high of $2.92.
Polygon Price Prediction for 2025
If the project draws in more investors, the average price of MATIC might increase to about $10.92 by the middle of 2025. The maximum price for 2025 maybe $14.18, and the lowest price may be $11.33.
Polygon Price Prediction for 2030
We can anticipate that the MATIC average rate will start the year at $47.88 and end it at $69.76 in 2030. If everything goes according to plan, Polygon's highest price might be $79.32.
However, the cryptocurrency market is uncertain and extremely volatile; anything can happen at any time. Based on current projections, in 2030, the worst-case scenario is that the price of Polygon Matic will be $8.
Should You Invest in Polygon Matic?
Before you invest in Polygon Matic, you should know how the tools to predict its price accurately.
The price of this cryptocurrency can be predicted using two methods, including:
- Technical Analysis
Technical analysis is a technique for analysing and predicting price movements by looking at historical market information, primarily at price and volume.
Technical analysis is best for a long-term price prediction. If you are investing in crypto for more than five years, then this analysis will help you predict the price accurately.
- Fundamental Analysis
Fundamental analysis evaluates an entity's health, financial statements, markets, and rivals.
Additionally, it takes into account the economy's overall health as well as variables like interest rates, output, earnings, jobs, GDP, homeownership, production and administration. Thus, this is more focused on the macro variables and the entity rather than the product itself.
Both techniques have their pros and cons, as they focus on different factors available. The first is more suitable for predicting crypto prices, but there are also some experts who recommend a hybrid approach.
As the name suggests, this approach includes both technical and fundamental analysis because it balances out the positives and negatives of both techniques.
In addition to these tools, you can use linear regression or simply analyse the charts available on crypto trading platforms. The latter is great for beginners as it is less complex than carrying out their own analysis.
Does Polygon Have a Future?
Like every crypto, Polygon has been facing severe fluctuations since the start of COVID-19. Even the oldest cryptos like BTC or ETH were subjected to market crashes, so it is unreasonable to expect new or smaller cryptos to do well.
With that being said, yes, Polygon is expected to have a future. However, to help you decide whether it is worth investing or not, here is a list of the pros and cons that this crypto has:
Advantages of using Polygon Matic
One of the advantages of Polygon matic is that it has a very low transaction fee
Another advantage of Polygon matic is that it can be used to scale Ethereum applications
Future predictions for the price of Polygon Matic are unknown but could increase with increased adoption and development
Disadvantages of using Polygon Matic
A disadvantage of Polygon matic is that it is not as widely adopted as other cryptocurrencies
Another disadvantage of Polygon matic is that it is not as decentralised as some other cryptocurrencies
The total supply of Polygon coins will not change and there will only ever be 10 billion coins available, most of which are already in circulation
The content provided in this article is entirely opinionated as per the author’s views. It does not necessarily depict accurate predictions or forecasts of cryptocurrency prices, owing to the volatility and instability of the cryptocurrency market. Please be aware of this before using the information provided in this guide to investing in cryptocurrency.