Polygon Price Prediction 2022, 2023, 2024, 2025: Is MATIC Still A Good Buy?
Polygon (MATIC) has been one of the handful projects that have amassed the crypto verse, with its utility and sprawl on the charts. Not to miss-out, Polygon has also changed the perception of the crowd around layer-2 protocols. The network has now set-up a touchstone for emerging layer-2 protocols.
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Its native token MATIC is an ERC-20 token that powers the Polygon Network. MATIC has portrayed impressive price runs in the recent past. And boasts an astonishing ROI of 16915.16%. Wondering if you should consider MATIC for your next shopping spree? This MATIC price prediction pins the feasible targets for 2022 and the years to come!
Polygon (MATIC) Price Prediction 2022 – 2025
Polygon Crypto Price Prediction For November 2022 – 2025
From recent news it is learnt that Polygon has joined in a $20 Million funding in Space and Time. Which is a Web 3.0 automation startup. This shows Polygon’s keen interest in Web3.0, furthermore, imperative announcements of collaborations. The recent market disruptions have caused a bearish trend in the charts and brought down the valuation of the market. The market can witness a new low of $0.6235 if the trend continues
On the contrary, if the bulls manage to gain weight the price could go as high as $0.9035, bring the average trading price of the month to $0.7635.
Polygon Crypto Price Prediction For December 2022 – 2025
If the market succeeded to regain investments it could push the price of MATIC to $1.0310. Whilst usual buying and selling pressures would limit the price at $0.8898. If users seek newer layer-1s over the Polygon network, the price could fall to $0.7642.
MATIC Crypto Price Prediction For 2023
If MATIC price seeks impetus from the growing adoptions and developments in the protocol. The price could close the yearly trade for 2023, with a potential high of $1.8351. That said, the digital asset could trade with a regular price tag of $1.4141, if not much impetus is received. If the network sees lesser adoption and activity owing to ETH 2.0, the price could fall to $0.9588.
Polygon (MATIC) Price Prediction For 2024
Polygon being one of the prominent layer-2 protocols, the rise in dominance of the sector will be fruitful for the digital asset. It might possibly lead the space at the forefront, with its fundamental strengths. In such a scenario, the price of MATIC might soar to a maximum of $2.9886 by the end of 2024.
On the contrary, if layer-2’s are outthrown by layer-1’s, MATIC might sink to the lows of $1.5932. Successively, an equilibrium in buying and selling pressures could land the price at $2.2729.
Polygon Price Prediction For 2025
By the end of 2025, MATIC is anticipated to be in the top 10 cryptocurrencies list. Several inbound developments and partnerships might lead to its growth. If the network can further work on TPS, and give impetus to its PoS chain addresses. It might eventually aid ETH holders and propel the price to $5.0678. That said as per Polyscan, while the active PoS chain addresses has come a long way on the higher time frame.
However, if the bears go on pulling the prices down due to a possible market crash or any external controversies. As a result, the price might fall to $2.6285 by the end of 2025. That said, on a positive note, with its improved scalability and layer-2 blockchain’s long-term success, MATIC could be seen trading at $3.8435.
CoinPedia’s MATIC Price Prediction
The community might collaborate with certain other projects and startups for the betterment of the protocol. As Matic comprises unique features such as scalability, and security it may enhance its user base. With further interventions the price can soar during the congestion that happens on Ethereum.
Therefore, according to Coinpedia’s formulated MATIC price prediction. New investors switch and the favoring market trends for MATIC can result in reaching new milestones. Consequently, the altcoin can hit $1 as the year ends. However, if it fails to keep up and grab more investors the price may slump and reach $0.76.
*The aforementioned targets are the average targets set by the respective firms.
Michael van de Poppe:
The proponent believes that MATIC is showing strength, as it has reclaimed the $0.72 mark. He opines that now the projections could be linear until the $0.72 support is lost or $0.8 resistance is claimed.
Request 04 – $MATICShowing strength. Reclaim of $0.72 activates continuation.Now, not too many entries can be generated, unless $0.72 is lost towards $0.56 or $0.80 is reclaimed.Simple, but patience. — Michaël van de Poppe (@CryptoMichNL) October 2, 2022
Click here to read our in-depth price prediction of Solana (SOL).
What Is Polygon (MATIC) Token?
An Indian-based crypto platform founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun tackles some specific scalability issues. And increases transaction speeds along with network scalability.
The Matic Network aims to solve the scalability issues the Ethereum blockchain deals with. In February 2021, the platform rebranded to the Polygon network, with some technological upgrades and a broader objective.
Polygon is a secondary Ethereum scaling solution and a layer-2 solution that runs in parallel to a mainnet but processes transactions outside of it. This leads to higher transaction throughput and cheaper gas prices. Over 19k+ dapps have been used by Polygon to scale their performance. The network was previously known as Matic Network, and was launched in October 2017. The project was co-founded by Jayanti Kanani, Sandeep Nailwal, and Anurag Arjun. The network used a plasma-driven scaling strategy and Proof-of-Stake (PoS) sidechains to help Ethereum scale as user demand surged. Therefore, the protocol has evolved into a popular scaling choice for various applications. Polygon’s native digital asset is MATIC, which is an Ethereum-based ERC-20 token. The Matic tokens are used for settlements between users and services on the network. The scaling solutions provided by the platform are polygon POS, polygon zkEVM, polygon avail, polygon edge, polygon nightfall, polygon miden, and polygon zero. With nearly 130 million unique users and 3 million daily transactions, the platform is bringing dApps to completion faster, safer, and without the need for gas.
The network works on a Proof-of-Stake consensus and possesses a sidechain of the mechanism and a group of validators. These validators promise to increase the “TPS”, thereby also reducing transaction charges. The network works on a Plasma framework that exceptionally resolves scalability issues, thus preventing network congestion.
Matic Network is a layer-2 scaling platform that facilitates fast and secures off-chain transactions for payments and generalized off-chain smartcontracts. It is a scaling solution for the Ethereum network. It allows Ethereum based transactions to be processed quickly using innovative protocols.
It employs the plasma frame to develop decentralized applications (DApps). Adding to it, the network is also looking forward to creating desktop wallets and browser extensions. Plasma is a specific framework for easily creating DApps that can interact seamlessly with each other. Moreover, the PoS checkpoints aid multiple transactions occurring on a single side chain.
Historical Market Sentiments
Polygon network had initiated its journey in the crypto space on the 29th of April with MATIC’s price at $0.004. With certain variations mid-way, the price shot up to $0.03 by May-end, but fell to $0.01 by early June.
After remaining stagnant at $0.02 level until July-end, the token plunged to $0.01 by early August. MATIC price spiked to $0.04 by early December, but slipped down to close the year at $0.014.
Matic continued to trade at $0.014 until the dawn of January 2020. Post variations the price rose to $0.02 in February, but sank to $0.006 by mid-March amidst the Covid-19 crash.
Following recovery, the altcoin hit the $0.031 by mid-August, but slipped down to $0.017 by the end of the year.
The trade for 2021 was commenced with a price tag of $0.018, and surged to $0.043 by the end of January. MATIC surprisingly reached an all-time high of $2.45 on the 12th of March. The euphoria was short-lived, as the infamous crash from May. Dragged the price down to $0.69 by the 20th of July.
The price of MATIC rose to $1.669 by the 23rd of August. And surpassed the resistance at $1.79 by September 5th. After a downswing, the month of October was closed at $1.953. The altcoin hit its ATH of $2.92 on December 27th, but closed the year at $2.479.
To read our in-depth price forecast of XRP click here!
Yes, MATIC is a profitable investment, the digital asset should be under due consideration for the long term.
MATIC price could possibly close its trade for 2022, with a pricier tag of $1.0310.
According to our MATIC price prediction, the altcoin could possibly reach a maximum of $5.0678 by the end of 2025.
While it is not a direct apples-to-apples comparison, as one is a layer-2 and the other is a layer-1. Polygon currently stands stout with its robust network.
Polygon’s MATIC is available for trade across prominent cryptocurrency exchange platforms such as Binance, Coinbase, and Kraken, amongst others.Source