Polygon Price Prediction 2023-2032: Is MATIC Going Past $1 Soon?
Polygon Price Prediction 2023-2032
- Polygon Price Prediction 2023 – up to $1.79
- Polygon Price Prediction 2026 – up to $3.80
- Polygon Price Prediction 2029 – up to $14.77
- Polygon Price Prediction 2032 – up to $42.60
When you’re setting up for wins in 2023, better be in the best position when it happens.
In November’s Polygon price prediction, we reiterated, MATIC’s bull run is long overdue. Even Fed Reserve Chair Jerome Powell believes bullish prices are transitory, so better be there when that happens. for MATIC. This is not investment advice, but intelligent information.
A study of the most recent price movement reveals that the coin is positioned for tremendous growth and might be an attractive investment opportunity for active and strategic investors.
Cryptopolitan
J.P Morgan Chase, the world’s most extensive bank, completed its first “LIVE” trade-in DeFi by working with the Monetary Authority of Singapore–all thanks to Polygon. This is evidently a groundbreaking event that alludes to traditional finance institutions gradually adapting Web3 technology. Why not? Successive developments of the Polygon network have firmly set its upward direction.
Customers can now convert fiat currency to cryptocurrency and deposit the new currency in their Polygon or Solana wallet. Coinbase is adding MATIC and SOL to their listings, which are the native currencies of Polygon and Solana. With this Polygon price prediction, there’s a high chance you might become interested in the coin as an addition to your portfolio. This was already highlighted last month by Forbes in November.
MATIC, the native token to Polygon, is today’s top performer according to the. MATIC is trading at 69 cents, up 20% over the last day, at its highest level in a month.
Forbes Digital Assets
The token also climbed above its 50-day exponential moving average. Polygon’s joining Disney’s accelerator program to develop augmented reality, non-fungible token (NFT), and artificial intelligence experiences might have kindled the interest in MATIC. Is there a chance of the token going past $1?
Previously, Polygon (MATIC)‘s support of carbon neutrality apparently impressed environment-conscious users and led to the demand for MATIC, leading the price up by 30%. Resistance is expected at around the $0.73 level.
In an official blog post, Polygon explains how they were able to retire $400,000 of carbon credits that offset the entirety of CO2 debt accumulated by the network since inception.
Polygon is always on the forefront of green business. They lead their industry by converting to carbon neutrality and moving towards becoming a net positive for the environment.
Sandeep Nailwal, Polygon Co-founder
The outlook for the coin looks more positive after the news that Polygon had raised a $450m war chest through a private sale of its native MATIC token to advance the mass adoption and its own position in Web3.
How much is Polygon (MATIC) worth?
Today’s Polygon price is $1.00 with a 24-hour trading volume of $758,620,303. Polygon is down 5.44% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $8,747,021,747. It has a circulating supply of 8,734,317,475 MATIC coins and a max. supply of 10,000,000,000 MATIC coins.
Also Read:
- Mastercard launches new Web3 artist program on Polygon
- Will Polygon (MATIC) go up? New developments and downfalls
- Why is MATIC pumping? How high can its price go?
- How To Stake Polygon
- How To Buy Polygon Crypto
What’s Polygon (MATIC)?
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions, sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
Mina Protocol and Polygon are working towards implementing support for Mina on Polygon PoS. This bridge will enable developers building applications on Polygon to leverage privacy and verifiability via Mina’s zero knowledge-SNARK-based protocol.
Polygon is an Ethereum-based project that hopes to solve fundamental issues the Ethereum blockchain faces, such as interoperability and scalability. It is the first project on the Ethereum blockchain to launch an adequately structured tool that addresses Ethereum scaling problem. Consequently, many have termed Polygon as Ethereum scaling solution.
Rather than running on its own blockchain, MATIC tokens are traded on the Ethereum blockchain. That’s because Polygon was developed to help scale Ethereum through side chains. MATIC allows you to stake on the Ethereum blockchain and pay for currency transactions. This has helped reduce the high transaction costs inherent in the Ethereum blockchain, helping promote widespread adoption.
Ethereum is home to several DeFi projects like the Polygon, formerly known as the Matic network. Since the Matic network has brought numerous functionalities to the entire Ethereum blockchain, several developers have taken an interest in the project, which has, in turn, led to steady growth of Matic price.
Major cryptocurrencies such as Bitcoin, Ethereum, Ripple, etc., witnessed a slump on the 1st week of June, and yet, the value of Polygon(MATIC) rose nearly 35% in the same period. Investors saw Polygon (MATIC) as the next big thing, and in a short period, it surged past other cryptos to rank among the top 15 biggest cryptos globally.
In Feb 2021, Polygon rebranded itself and upgraded it by bringing in promising metaverse projects and integrating Matic Plasma Chain. This development provided a layer one blockchain network with integrated scaling solutions for NFT, DeFi, etc.
Polygon has become a massive hit in India and led cryptocurrency exchanges like CoinSwitch Kuber to list the currency on their platforms. Polygon Matic price prediction is based on analyzing the previous price and forecasting the future. Polygon price predictions on Cryptopolitan are based on analyzing the entire cryptocurrency market, price action, and trends to determine whether Polygon cryptocurrency is a good investment.
Polygon (Matic) Overview
Polygon (Matic) was formerly known as the Matic network, and it was developed on the Ethereum blockchain to solve scalability issues faced by Ethereum. The Matic network employs its unique Polygon SDK to create interactive decentralized applications (dApps) on the DeFi platform. It combines both PoS and plasma framework in its core and runs on Ethereum layer two.
Polygon successfully converts the limited Ethereum blockchain into an open blockchain network usable by many. In essence, it makes Ethereum steady as the internet of blockchains.
In turn, Polygon (Matic) project benefits immensely from the already-established Ethereum blockchain in several ways. Firstly, every blockchain project needs a secure security infrastructure; the Matic network benefits from Ethereum’s array of qualities, such as an active and vibrant community, established security systems, and transparency.
Within the Polygon network, transactions are settled using the Matic coin. Matic price has risen over the years, sparking interest from cryptocurrency enthusiasts. Polygon technology has improved efficiency within the Ethereum blockchain. Today, Polygon boasts of handling up to 65,000 transactions per second on its single sidechain. Similarly, it has averaged an impressive block confirmation time of two seconds per transaction.
Polygon Price History
According to Polygon’s plan, all Matic coins will have been released by December 2022, which is good news for long-term investors because it guarantees significant future gains.
Since its inception in 2017, Matic tokens have had an incredible run that has withstood the test of unforgiving crypto market turmoil that usually ends up wiping out invalid tokens.
Despite the prevailing bearish trend currently experienced in the crypto market, experts are convinced by Matic’s crypto price prognosis and price forecast data that indicate an overall bullish trend for the long-term investment horizon.
Based on Coingecko’s data, Polygon has recorded impressive gains since its launch back in 2017. The crypto token has recorded incredible gains of up to 44157.6%, and the rally is expected to continue in the following years.
Matic recorded its all-time low price of $0.003143 in May 2019 during the famous bearish run. However, since then, the coin has continued to make significant gains until May 2021, when it recorded a new all-time high price of $2.62. It seems then that May is the month of Polygon, after all.
Polygon’s price has been on the rise since it hit a high of $1 at the end of July, and experts are predicting that as Polygon’s network continues to grow with new partnerships and adoption, the value of its token could go even higher. In August, Polygon’s price hovered around the $0.80 mark, but many believe that this is just the beginning of this promising project.
Recently, in November, Polygon saw a significant surge after the bullish news that the social media giant Meta is teaming up with the blockchain to deliver its journey into the world of Web3 and NFTs.
Stephane Kasriel, head of commerce and financial technologies at Meta, revealed that Instagram businesses will soon be able to create and sell their own NFTs (non-fungible tokens). This service would first launch on the Polygon blockchain before expanding to others, including Solana. MATIC rocketed after this news and hit a high of $1.29 on 7 November. After peaking and later announcing multiple partnerships, including an NFT marketplace deal with Nike, MATIC eventually fell below the $1 barrier.
Just this past year, Polygon (@0xPolygon) has rolled out some incredible features on Twitter. From the launch of a new Token List service to mobile burning capabilities for MATIC tokens, they have allowed users to interact with MATIC in an efficient and secure manner. This means you can now access the MATIC burn console through your mobile wallet with a simplified interface that is easy to use.
Pros and cons of investing in Polygon (Matic)
Polygon, formerly Matic network, has been considered a stable investment by crypto enthusiasts. Anyone interested in Ethereum and its bundle of projects likely has an affinity for Matic.
It is a well-structured organization with clear goals of extending the scalability of the Ethereum blockchain and making cryptocurrency more accessible to the public. If the project continues to push forward strides, its success is inevitable, and consequently, Matic holders will benefit significantly.
Investing is a full-time activity that requires individuals to analyze potential risks and returns before committing. However, within the crypto world, numerous uncertainties shape the prices of crypto coins. Therefore, even for a seasoned professional, it is challenging to make precise predictions on the price of a coin based on historical price actions alone.
However, for an individual to earn impressive returns on their investments, they must take risks. Here, we’ll discuss some of the benefits of investing in the Polygon ecosystem.
Pros of investing in Matic
Since Matic is a scaling solution on the Ethereum blockchain, it is difficult to foresee its downfall. Therefore, most forecasts are convinced that Polygon will be in existence for years to come. So what are some of the pros of investing in this token?
- It provides new scaling solutions to the Ethereum ecosystem, ensuring a bright future and allowing investors to make long-term investments.
- Since 67% of the tokens are already in circulation, and the maximum supply is expected to be realized by December 2022, the coin offers immense growth potential in 2022 and beyond, allowing investors to reap more profits.
- Matic allows for the interconnection of blockchain networks, a scaling solution that assures investors of Matic’s future performance.
- Polygon is supported by a strong community of developers that ensures the project performs well and consequently maintains and increases Matic’s price level.
Cons of investing in Matic
It is indeed public knowledge that investments always come with a degree of risk. Investing in Matic may result in losses if careful considerations of the involved risks aren’t well conducted. Below are some possible shortcomings of investment in Matic.
- Recently, the Polygon network was hacked, and the perpetrators made away with millions worth of Matic tokens. The hacking was a huge red flag for investors since it indicates that the network isn’t as secure as it should be.
- Price volatility. Every cryptocurrency experiences volatility; however, when dealing, sometimes crypto coins experience extreme price drops that may hurt an individual’s portfolio. Since Matic already competes with Avalance, Polkadot, and Cosmos, it is unclear who will win the race. Therefore, for a long time horizon, investors should keep tabs and know when to exit.
Where & how to buy Polygon (MATIC)?
If you would like to know where to buy Polygon, the top cryptocurrency exchanges for trading in Polygon stock are currently Binance, OKX, Hotcoin Global, and Bitget.
The process of buying MATIC is fairly simple:
- Step 1: Decide where to buy Polygon (MATIC).
- Step 2: Think about how to store your Polygon (MATIC).
- Step 3: Make your purchase.
- Step 4: Manage your investment.
New developments in the Polygon Ecosystem
The recent 20% spike in Polygon’s price was driven by JPMorgan’s first DeFi transaction using the Polygon blockchain. Because of its cheap transaction fees, global investment banking giant JPMorgan carried out its first DeFi transaction on the Polygon blockchain in the first week of November.
The transaction was a part of MAS’s (Monetary Authority of Singapore) Project Guardian pilot program to test the use cases for asset tokenization and DeFi. Instagram will also allow users to create and trade NFTs using the altcoin.
Previously, Polygon MATIC partnered with Catheon gaming to drive forward a shared vision that will bring quality entertainment and gaming experience to the blockchain. In addition, it will also help to elevate the user experience on the platform. Catheon is a platform revolutionizing the gaming world.
Another new development is the recent partnership between Gemini and Polygon MATIC, which will help users to stake MATIC on the oxPolygon network.
Gemini is a next-generation cryptocurrency exchange and a custodian that allows customers and users to buy, sell, store, and earn digital assets.
Let’s take a look at 2022 developments on MATIC:
- J.P Morgan Chase, the world’s most extensive bank, completed its first “LIVE” trade-in DeFi by working with the Monetary Authority of Singapore–all thanks to Polygon. This is evidently a groundbreaking event that alludes to traditional finance institutions gradually adapting Web3 technology.
- So far, the increasing volume of Reddit NFT sales has been good news for Polygon’s native token MATIC. Recently, MATIC’s trading volume crossed $10 million.
- A report published by Blockchain analytics firm Messari shows that the number of active addresses in the third quarter of 2022 increased by 180% compared to the previous quarter. A total of 2 billion transactions were conducted during this time period.
- Polygon’s partnership with Warren Buffet-backed Nubank is viewed positively by many in the industry. Popular TV Network SHOWTIME recently announced a collaboration with Polygon and Spotify.
- Ethereum’s Merge has significantly reduced Polygon’s carbon dioxide emissions. With these major partnerships and developments, it’s not hard to see why Polygon’s future looks bright. Our price prediction forecasts a bullish trend for MATIC, with the potential for significant growth in the years to come.
- In addition, the need for Web3 infrastructure and the use of cryptocurrencies in the regular industry should benefit from the Matic coin price forecast.
- In order to avoid expensive Ethereum gas fees, OpenSea announced support for the blockchain in its new Seaport protocol. Doing so will reportedly save them $460 million annually.
- In September, the brokerage Robinhood made an announcement of an exclusive partnership with MATIC. This allowed Polygon to be the first supported blockchain on its Web3 wallet. Right after, in early September it was announced that investors could send and receive magic through the Robinhood platform.
Polygon Technical Analysis
Polygon price analysis reveals MATIC has been trading in a range-bound pattern since Feb 19th. The digital asset has consolidated between $1.09 and $1.16 for the majority of this period, with a bearish trendline keeping a lid on upside momentum. The lower boundary of the range at $1.55 appears to be relatively strong, and MATIC has repeatedly bounced off this support level since late February. Additionally, the coin has been trading within an ascending triangle since March 8th with a resistance level of $1.639 holding firm. A bearish divergence on the RSI may indicate that further upside potential is limited and could herald a break lower in price action in the near term.
The price of Polygon has remained above the monthly MA of $0.764 since late February, indicating that the overall trend is still bullish. Further, the MACD has held in positive territory for weeks, reflecting a strengthening uptrend over the same period.
Whalestats.com recently revealed the top 100 ETH whales, with Polygon flipping UNI to be the most traded token among them. This large buy volume from whales could be a positive sign for Polygon, as it indicates strong institutional demand.
The Fibonacci Retracement tool shows that support is likely to be found at $1.16 and $0.93, while resistance may occur at $1.639 and $2.00. A break above the latter could start a new price uptrend in MATIC, potentially reaching as high as $3.00 or higher over the longer term.
Polygon has established several strategic alliances that have catapulted its status and propelled it to even greater heights of success. The most recent partnership is with the gargantuan fintech firm Mastercard, through which they will launch a revolutionary web3-focused incubator. In addition, bigwigs such as Disney and Reddit have also teamed up with them, while Stripe will be utilizing their cutting-edge technology for large-scale cryptocurrency reimbursements.
The Chaikin Money Flow (CMF) is currently in the positive region, suggesting that buyers are taking charge of MATIC stock. When the CMF closing is higher than zero, it’s a clear sign that demand for this asset has grown. This indicates an optimistic outlook for MATIC, as its weekly chart shows increased buying activity. Polygon has experienced extraordinary success, with over $11 billion worth of institutional deposits recorded in a mere 8 months. The platform’s Ethereum’s PoS and Plasma bridges are credited for this remarkable milestone.
According to the 34th edition of PolygonInsights, overall key metrics suggest a positive outlook for the network. 817,000 weekly active users and daily active address metric that rose almost every day demonstrate an impressive 400% boost in NFT volume – already a strong indication of future growth.
Polygon has experienced tremendous growth in the world of NFTs over the last year, with numerous top companies such as Adidas Originals, Prada, and Alan Howard launching collections and investments. Moreover, renowned projects like Yoots and The Sandbox have also chosen to move from Solana to Polygon, proving its prominence within Web3.
The rapid evolution of Polygon as a Web3 hosting protocol is further evidenced by Alchemy’s report, which suggests that it has prime positioning to power the flourishing economy. Citigroup even describes Polygon as the AWS of Web3 and forecasts that its Metaverse economy will take up an astonishing $13 trillion market share by 2030.
At the moment of writing, MATIC is trading at $1.14 with a 24-hour trading volume of $355,061,466. Polygon is up 2.04% in the last 24 hours. Looking ahead, Polygon is likely to remain in an uptrend, with strong support at $1.09 and resistance at $1.639 – although a break above the latter could send prices skyrocketing in the near future.
Polygon Price Predictions by Cryptopolitan
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2023 | 1.49 | 1.55 | 1.79 |
| 2024 | 2.17 | 2.23 | 2.57 |
| 2025 | 3.32 | 3.40 | 3.80 |
| 2026 | 4.86 | 5.39 | 5.69 |
| 2027 | 5.75 | 5.96 | 7.12 |
| 2028 | 8.51 | 8.74 | 10.03 |
| 2029 | 12.14 | 12.58 | 14.77 |
| 2030 | 17.25 | 17.76 | 21.65 |
| 2031 | 24.17 | 25.06 | 29.55 |
| 2032 | 35.06 | 36.06 | 42.60 |
Polygon Price Prediction 2023
According to our MATIC price prediction for 2023, Polygon might potentially surge to a maximum price of $1.79 and a minimum price of $1.49. The average price expected for 2023 is $1.55.
Polygon Price Prediction 2024
According to our MATIC price prediction, In 2024, the price of Polygon is expected to reach a minimum price value of $2.17. The MATIC price can reach a maximum price value of $2.57 with an average value of $2.23.
Polygon Price Prediction 2025
MATIC Price Prediction 2025 suggests that the asset could possibly reach a maximum price of $3.80 and a minimum price of $3.32. The average MATIC price is expected to be around $3.40 in 2025.
Polygon Price Prediction 2026
Polygon price forecast for 2026 suggests that the asset might reach a minimum price of $4.86 and a maximum price of $5.69, with the average trading value being $5.69.
Polygon Price Prediction 2027
Polygon price forecast for 2027 suggests Polygon price is forecast to reach the lowest possible level of $5.75 in 2027. As per our findings, the MATIC price could reach the maximum possible level of $7.12 with an average trading price of $5.96.
Polygon Price Prediction 2028
The Polygon price forecast for 2028 suggests that Polygon might surge to a minimum price of $8.51 and a maximum price of $10.03, with the average forecast price being $8.74.
Polygon Price Prediction 2029
Our Polygon coin price prediction for 2029, the price of Polygon is expected to reach a minimum level of $12.14 in 2029. The MATIC price can reach a maximum level of $14.77, with an average price of $12.58 throughout 2029.
Polygon Price Prediction 2030
Our Polygon crypto price prediction shows MATIC will have a minimum price of $17.25 and a maximum price of $21.65, with the average forecast price being $17.76 in 2030.
Polygon Price Prediction 2031
Polygon MATIC price prediction for 2031 suggests MATIC will attain a price of Polygon is predicted to reach at a minimum level of $24.17. The MATIC price can reach a maximum level of $29.55 with an average trading price of $25.06.
Polygon Price Prediction 2032
According to Polygon MATIC price prediction for 2032, the price of Polygon is predicted to reach a minimum level of $35.06. The MATIC price can reach a maximum level of $42.60, with the average forecast price of $36.06 throughout 2032.
Polygon Price Prediction by DigitalCoinPrice
MATIC price prediction by DigitalCoinPrice is bullish up to 2032. They predict that MATIC price will reach a maximum price of $2.30 in 2023, and by 2027 it will be up to $4.82. The maximum predicted price of MATIC is estimated at $20.30 in 2032. DigitalCoinPrice believes the fundamentals are strong for MATIC and that the project has a lot of potential for growth. They also noted that MATIC’s price is currently trading below its all-time high, which could indicate that there is still room for further gains in the future.
Polygon MATIC Price Predictions by Wallet Investor
Wallet Investor is bearish on MATIC future prices, predicting that the cryptocurrency could be a bad, high-risk 1-year investment option. According to their analysis, by 2023, MATIC’s price will decline toward a minimum price of $0.232, a decline of around 77.03% from the current price of $1.050. The website suggests MATIC’s price will continue declining to $0.225 till the end of March 2023 and will remain at a steady low until the end of 2023. Based on their analysis, Wallet Investor does not recommend investing in MATIC for the short-term or long-term, as it is expected that prices will continue to decline over time.
MATIC Price Predictions by Coincodex
According to Coincodex’s current Polygon price prediction, the value of the Polygon is predicted to rise by 1.80% and reach $ 1.078 by March 14, 2023. According to the technical indicators, the current sentiment is Neutral, while the Fear & Greed Index is showing 44 (Fear). Polygon recorded 13/30 (43%) green days with 8.79% price volatility over the last 30 days. Based on our Polygon forecast, it’s now a good time to buy Polygon.
In the best-case scenario, Coincodex suggests that MATIC’s price prediction for the year 2026 is $ 22.12 if it follows Facebook’s growth, while if MATIC follows internet growth, the prediction for 2026 is $ 2.54.
Polygon Price Prediction By Industry Experts
Polygon has been making waves in the cryptocurrency industry since its launch and has seen a significant rise in prices. With demand for cryptocurrencies continuing to grow, experts have weighed in on their Polygon price prediction for the upcoming months.
Many industry professionals believe that Polygon’s growth will continue as it is well-positioned to benefit from DeFi protocols and Layer-2 scaling solutions. Polygon was originally designed to resolve scalability dilemmas on the Ethereum blockchain. Its high throughput of up to 65,000 transactions per second exceeds that of its predecessor and makes it even more reliable for businesses looking for a dependable solution.
Compared with Ethereum, the blockchain has a cost-efficient transaction fee that makes it favorable for decentralized applications. According to More Crypto Online, a Youtube-based cryptocurrency analyst, Polygon’s price pump is going to happen soon.
The analyst has used the Elliot Wave Theory, a form of technical analysis used to predict changes in the price of an asset, to determine Polygon’s future potential. The analyst has predicted that Polygon will reach $2 by April 2024. He believes that the current support level is around $4.5, and the next target will be around $5.5, which will be reached if the price breaks this level.
Conclusion
Although Polygon has recently made numerous updates and improvements, its native token MATIC saw a 50% decrease in price last year. It had opened the year at $2.5 but is now trading around $1.1 -$1.2 towards the end of the first quarter of 2023.
Despite the short-term volatility, Polygon’s investors remain confident that it can reach double digits in no time. For instance, Lark Davis (@TheCryptoLark) confidently tweeted about his MATIC holdings expecting it to hit $10 soon.
Polygon has been actively forging relationships with various companies in the crypto space and staying abreast of current blockchain technology trends. Here are some recent updates, as announced by Polygon:
- The Polygon Mainnet is now live in Alpha and Beta versions.
- Support for deposits and withdrawals of all Ethereum-based assets
- Support of ERC721 to ERC20, ERC20 to ERC20, and ERC721 to ERC721 transactions enabled
- Increasing the number and capabilities of Proof-of-Stake validators
- Offering the API and SDK toolkit for dApp infrastructure development
- Supernets, a new blockchain network, is ready to skyrocket with Polygon’s $100 million investment toward businesses taking advantage of its powerful technology.
With partnerships and increased adoption, MATIC prices are expected to continue to surge. If investors and traders can take advantage of these bullish signs, they could enjoy significant profits. However, it is important to keep in mind that the cryptocurrency space is highly volatile and risky so always do your own research before investing.
There are many factors influencing the future of MATIC coin, from global economic conditions to the level of adoption of cryptocurrencies. The partnership with Meta and the latest breakout on the platform appear to be positive indicators for the coin’s future price, according to predictions from algorithm-based forecasting sites.
Overall, scaling solutions like Polygon are expected to gain momentum as network congestion on the Ethereum blockchain remains an issue. Polygon’s multi-layer technology allows it to authenticate transactions in a matter of seconds while still uploading them to the Ethereum blockchain, combining scalability and security.
Polygon’s powerful Dapp architecture makes it simple to build new apps on-chain and port current Ethereum projects. However, MATIC is projected to continue dipping by a few cents before beginning another price increase in the near future. Before making any investment decisions, do your own research.
Read More
Polygon Price Prediction 2023-2032: Is MATIC Going Past $1 Soon?
Polygon Price Prediction 2023-2032
- Polygon Price Prediction 2023 – up to $1.79
- Polygon Price Prediction 2026 – up to $3.80
- Polygon Price Prediction 2029 – up to $14.77
- Polygon Price Prediction 2032 – up to $42.60
When you’re setting up for wins in 2023, better be in the best position when it happens.
In November’s Polygon price prediction, we reiterated, MATIC’s bull run is long overdue. Even Fed Reserve Chair Jerome Powell believes bullish prices are transitory, so better be there when that happens. for MATIC. This is not investment advice, but intelligent information.
A study of the most recent price movement reveals that the coin is positioned for tremendous growth and might be an attractive investment opportunity for active and strategic investors.
Cryptopolitan
J.P Morgan Chase, the world’s most extensive bank, completed its first “LIVE” trade-in DeFi by working with the Monetary Authority of Singapore–all thanks to Polygon. This is evidently a groundbreaking event that alludes to traditional finance institutions gradually adapting Web3 technology. Why not? Successive developments of the Polygon network have firmly set its upward direction.
Customers can now convert fiat currency to cryptocurrency and deposit the new currency in their Polygon or Solana wallet. Coinbase is adding MATIC and SOL to their listings, which are the native currencies of Polygon and Solana. With this Polygon price prediction, there’s a high chance you might become interested in the coin as an addition to your portfolio. This was already highlighted last month by Forbes in November.
MATIC, the native token to Polygon, is today’s top performer according to the. MATIC is trading at 69 cents, up 20% over the last day, at its highest level in a month.
Forbes Digital Assets
The token also climbed above its 50-day exponential moving average. Polygon’s joining Disney’s accelerator program to develop augmented reality, non-fungible token (NFT), and artificial intelligence experiences might have kindled the interest in MATIC. Is there a chance of the token going past $1?
Previously, Polygon (MATIC)‘s support of carbon neutrality apparently impressed environment-conscious users and led to the demand for MATIC, leading the price up by 30%. Resistance is expected at around the $0.73 level.
In an official blog post, Polygon explains how they were able to retire $400,000 of carbon credits that offset the entirety of CO2 debt accumulated by the network since inception.
Polygon is always on the forefront of green business. They lead their industry by converting to carbon neutrality and moving towards becoming a net positive for the environment.
Sandeep Nailwal, Polygon Co-founder
The outlook for the coin looks more positive after the news that Polygon had raised a $450m war chest through a private sale of its native MATIC token to advance the mass adoption and its own position in Web3.
How much is Polygon (MATIC) worth?
Today’s Polygon price is $1.00 with a 24-hour trading volume of $758,620,303. Polygon is down 5.44% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $8,747,021,747. It has a circulating supply of 8,734,317,475 MATIC coins and a max. supply of 10,000,000,000 MATIC coins.
Also Read:
- Mastercard launches new Web3 artist program on Polygon
- Will Polygon (MATIC) go up? New developments and downfalls
- Why is MATIC pumping? How high can its price go?
- How To Stake Polygon
- How To Buy Polygon Crypto
What’s Polygon (MATIC)?
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions, sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
Mina Protocol and Polygon are working towards implementing support for Mina on Polygon PoS. This bridge will enable developers building applications on Polygon to leverage privacy and verifiability via Mina’s zero knowledge-SNARK-based protocol.
Polygon is an Ethereum-based project that hopes to solve fundamental issues the Ethereum blockchain faces, such as interoperability and scalability. It is the first project on the Ethereum blockchain to launch an adequately structured tool that addresses Ethereum scaling problem. Consequently, many have termed Polygon as Ethereum scaling solution.
Rather than running on its own blockchain, MATIC tokens are traded on the Ethereum blockchain. That’s because Polygon was developed to help scale Ethereum through side chains. MATIC allows you to stake on the Ethereum blockchain and pay for currency transactions. This has helped reduce the high transaction costs inherent in the Ethereum blockchain, helping promote widespread adoption.
Ethereum is home to several DeFi projects like the Polygon, formerly known as the Matic network. Since the Matic network has brought numerous functionalities to the entire Ethereum blockchain, several developers have taken an interest in the project, which has, in turn, led to steady growth of Matic price.
Major cryptocurrencies such as Bitcoin, Ethereum, Ripple, etc., witnessed a slump on the 1st week of June, and yet, the value of Polygon(MATIC) rose nearly 35% in the same period. Investors saw Polygon (MATIC) as the next big thing, and in a short period, it surged past other cryptos to rank among the top 15 biggest cryptos globally.
In Feb 2021, Polygon rebranded itself and upgraded it by bringing in promising metaverse projects and integrating Matic Plasma Chain. This development provided a layer one blockchain network with integrated scaling solutions for NFT, DeFi, etc.
Polygon has become a massive hit in India and led cryptocurrency exchanges like CoinSwitch Kuber to list the currency on their platforms. Polygon Matic price prediction is based on analyzing the previous price and forecasting the future. Polygon price predictions on Cryptopolitan are based on analyzing the entire cryptocurrency market, price action, and trends to determine whether Polygon cryptocurrency is a good investment.
Polygon (Matic) Overview
Polygon (Matic) was formerly known as the Matic network, and it was developed on the Ethereum blockchain to solve scalability issues faced by Ethereum. The Matic network employs its unique Polygon SDK to create interactive decentralized applications (dApps) on the DeFi platform. It combines both PoS and plasma framework in its core and runs on Ethereum layer two.
Polygon successfully converts the limited Ethereum blockchain into an open blockchain network usable by many. In essence, it makes Ethereum steady as the internet of blockchains.
In turn, Polygon (Matic) project benefits immensely from the already-established Ethereum blockchain in several ways. Firstly, every blockchain project needs a secure security infrastructure; the Matic network benefits from Ethereum’s array of qualities, such as an active and vibrant community, established security systems, and transparency.
Within the Polygon network, transactions are settled using the Matic coin. Matic price has risen over the years, sparking interest from cryptocurrency enthusiasts. Polygon technology has improved efficiency within the Ethereum blockchain. Today, Polygon boasts of handling up to 65,000 transactions per second on its single sidechain. Similarly, it has averaged an impressive block confirmation time of two seconds per transaction.
Polygon Price History
According to Polygon’s plan, all Matic coins will have been released by December 2022, which is good news for long-term investors because it guarantees significant future gains.
Since its inception in 2017, Matic tokens have had an incredible run that has withstood the test of unforgiving crypto market turmoil that usually ends up wiping out invalid tokens.
Despite the prevailing bearish trend currently experienced in the crypto market, experts are convinced by Matic’s crypto price prognosis and price forecast data that indicate an overall bullish trend for the long-term investment horizon.
Based on Coingecko’s data, Polygon has recorded impressive gains since its launch back in 2017. The crypto token has recorded incredible gains of up to 44157.6%, and the rally is expected to continue in the following years.
Matic recorded its all-time low price of $0.003143 in May 2019 during the famous bearish run. However, since then, the coin has continued to make significant gains until May 2021, when it recorded a new all-time high price of $2.62. It seems then that May is the month of Polygon, after all.
Polygon’s price has been on the rise since it hit a high of $1 at the end of July, and experts are predicting that as Polygon’s network continues to grow with new partnerships and adoption, the value of its token could go even higher. In August, Polygon’s price hovered around the $0.80 mark, but many believe that this is just the beginning of this promising project.
Recently, in November, Polygon saw a significant surge after the bullish news that the social media giant Meta is teaming up with the blockchain to deliver its journey into the world of Web3 and NFTs.
Stephane Kasriel, head of commerce and financial technologies at Meta, revealed that Instagram businesses will soon be able to create and sell their own NFTs (non-fungible tokens). This service would first launch on the Polygon blockchain before expanding to others, including Solana. MATIC rocketed after this news and hit a high of $1.29 on 7 November. After peaking and later announcing multiple partnerships, including an NFT marketplace deal with Nike, MATIC eventually fell below the $1 barrier.
Just this past year, Polygon (@0xPolygon) has rolled out some incredible features on Twitter. From the launch of a new Token List service to mobile burning capabilities for MATIC tokens, they have allowed users to interact with MATIC in an efficient and secure manner. This means you can now access the MATIC burn console through your mobile wallet with a simplified interface that is easy to use.
Pros and cons of investing in Polygon (Matic)
Polygon, formerly Matic network, has been considered a stable investment by crypto enthusiasts. Anyone interested in Ethereum and its bundle of projects likely has an affinity for Matic.
It is a well-structured organization with clear goals of extending the scalability of the Ethereum blockchain and making cryptocurrency more accessible to the public. If the project continues to push forward strides, its success is inevitable, and consequently, Matic holders will benefit significantly.
Investing is a full-time activity that requires individuals to analyze potential risks and returns before committing. However, within the crypto world, numerous uncertainties shape the prices of crypto coins. Therefore, even for a seasoned professional, it is challenging to make precise predictions on the price of a coin based on historical price actions alone.
However, for an individual to earn impressive returns on their investments, they must take risks. Here, we’ll discuss some of the benefits of investing in the Polygon ecosystem.
Pros of investing in Matic
Since Matic is a scaling solution on the Ethereum blockchain, it is difficult to foresee its downfall. Therefore, most forecasts are convinced that Polygon will be in existence for years to come. So what are some of the pros of investing in this token?
- It provides new scaling solutions to the Ethereum ecosystem, ensuring a bright future and allowing investors to make long-term investments.
- Since 67% of the tokens are already in circulation, and the maximum supply is expected to be realized by December 2022, the coin offers immense growth potential in 2022 and beyond, allowing investors to reap more profits.
- Matic allows for the interconnection of blockchain networks, a scaling solution that assures investors of Matic’s future performance.
- Polygon is supported by a strong community of developers that ensures the project performs well and consequently maintains and increases Matic’s price level.
Cons of investing in Matic
It is indeed public knowledge that investments always come with a degree of risk. Investing in Matic may result in losses if careful considerations of the involved risks aren’t well conducted. Below are some possible shortcomings of investment in Matic.
- Recently, the Polygon network was hacked, and the perpetrators made away with millions worth of Matic tokens. The hacking was a huge red flag for investors since it indicates that the network isn’t as secure as it should be.
- Price volatility. Every cryptocurrency experiences volatility; however, when dealing, sometimes crypto coins experience extreme price drops that may hurt an individual’s portfolio. Since Matic already competes with Avalance, Polkadot, and Cosmos, it is unclear who will win the race. Therefore, for a long time horizon, investors should keep tabs and know when to exit.
Where & how to buy Polygon (MATIC)?
If you would like to know where to buy Polygon, the top cryptocurrency exchanges for trading in Polygon stock are currently Binance, OKX, Hotcoin Global, and Bitget.
The process of buying MATIC is fairly simple:
- Step 1: Decide where to buy Polygon (MATIC).
- Step 2: Think about how to store your Polygon (MATIC).
- Step 3: Make your purchase.
- Step 4: Manage your investment.
New developments in the Polygon Ecosystem
The recent 20% spike in Polygon’s price was driven by JPMorgan’s first DeFi transaction using the Polygon blockchain. Because of its cheap transaction fees, global investment banking giant JPMorgan carried out its first DeFi transaction on the Polygon blockchain in the first week of November.
The transaction was a part of MAS’s (Monetary Authority of Singapore) Project Guardian pilot program to test the use cases for asset tokenization and DeFi. Instagram will also allow users to create and trade NFTs using the altcoin.
Previously, Polygon MATIC partnered with Catheon gaming to drive forward a shared vision that will bring quality entertainment and gaming experience to the blockchain. In addition, it will also help to elevate the user experience on the platform. Catheon is a platform revolutionizing the gaming world.
Another new development is the recent partnership between Gemini and Polygon MATIC, which will help users to stake MATIC on the oxPolygon network.
Gemini is a next-generation cryptocurrency exchange and a custodian that allows customers and users to buy, sell, store, and earn digital assets.
Let’s take a look at 2022 developments on MATIC:
- J.P Morgan Chase, the world’s most extensive bank, completed its first “LIVE” trade-in DeFi by working with the Monetary Authority of Singapore–all thanks to Polygon. This is evidently a groundbreaking event that alludes to traditional finance institutions gradually adapting Web3 technology.
- So far, the increasing volume of Reddit NFT sales has been good news for Polygon’s native token MATIC. Recently, MATIC’s trading volume crossed $10 million.
- A report published by Blockchain analytics firm Messari shows that the number of active addresses in the third quarter of 2022 increased by 180% compared to the previous quarter. A total of 2 billion transactions were conducted during this time period.
- Polygon’s partnership with Warren Buffet-backed Nubank is viewed positively by many in the industry. Popular TV Network SHOWTIME recently announced a collaboration with Polygon and Spotify.
- Ethereum’s Merge has significantly reduced Polygon’s carbon dioxide emissions. With these major partnerships and developments, it’s not hard to see why Polygon’s future looks bright. Our price prediction forecasts a bullish trend for MATIC, with the potential for significant growth in the years to come.
- In addition, the need for Web3 infrastructure and the use of cryptocurrencies in the regular industry should benefit from the Matic coin price forecast.
- In order to avoid expensive Ethereum gas fees, OpenSea announced support for the blockchain in its new Seaport protocol. Doing so will reportedly save them $460 million annually.
- In September, the brokerage Robinhood made an announcement of an exclusive partnership with MATIC. This allowed Polygon to be the first supported blockchain on its Web3 wallet. Right after, in early September it was announced that investors could send and receive magic through the Robinhood platform.
Polygon Technical Analysis
Polygon price analysis reveals MATIC has been trading in a range-bound pattern since Feb 19th. The digital asset has consolidated between $1.09 and $1.16 for the majority of this period, with a bearish trendline keeping a lid on upside momentum. The lower boundary of the range at $1.55 appears to be relatively strong, and MATIC has repeatedly bounced off this support level since late February. Additionally, the coin has been trading within an ascending triangle since March 8th with a resistance level of $1.639 holding firm. A bearish divergence on the RSI may indicate that further upside potential is limited and could herald a break lower in price action in the near term.
The price of Polygon has remained above the monthly MA of $0.764 since late February, indicating that the overall trend is still bullish. Further, the MACD has held in positive territory for weeks, reflecting a strengthening uptrend over the same period.
Whalestats.com recently revealed the top 100 ETH whales, with Polygon flipping UNI to be the most traded token among them. This large buy volume from whales could be a positive sign for Polygon, as it indicates strong institutional demand.
The Fibonacci Retracement tool shows that support is likely to be found at $1.16 and $0.93, while resistance may occur at $1.639 and $2.00. A break above the latter could start a new price uptrend in MATIC, potentially reaching as high as $3.00 or higher over the longer term.
Polygon has established several strategic alliances that have catapulted its status and propelled it to even greater heights of success. The most recent partnership is with the gargantuan fintech firm Mastercard, through which they will launch a revolutionary web3-focused incubator. In addition, bigwigs such as Disney and Reddit have also teamed up with them, while Stripe will be utilizing their cutting-edge technology for large-scale cryptocurrency reimbursements.
The Chaikin Money Flow (CMF) is currently in the positive region, suggesting that buyers are taking charge of MATIC stock. When the CMF closing is higher than zero, it’s a clear sign that demand for this asset has grown. This indicates an optimistic outlook for MATIC, as its weekly chart shows increased buying activity. Polygon has experienced extraordinary success, with over $11 billion worth of institutional deposits recorded in a mere 8 months. The platform’s Ethereum’s PoS and Plasma bridges are credited for this remarkable milestone.
According to the 34th edition of PolygonInsights, overall key metrics suggest a positive outlook for the network. 817,000 weekly active users and daily active address metric that rose almost every day demonstrate an impressive 400% boost in NFT volume – already a strong indication of future growth.
Polygon has experienced tremendous growth in the world of NFTs over the last year, with numerous top companies such as Adidas Originals, Prada, and Alan Howard launching collections and investments. Moreover, renowned projects like Yoots and The Sandbox have also chosen to move from Solana to Polygon, proving its prominence within Web3.
The rapid evolution of Polygon as a Web3 hosting protocol is further evidenced by Alchemy’s report, which suggests that it has prime positioning to power the flourishing economy. Citigroup even describes Polygon as the AWS of Web3 and forecasts that its Metaverse economy will take up an astonishing $13 trillion market share by 2030.
At the moment of writing, MATIC is trading at $1.14 with a 24-hour trading volume of $355,061,466. Polygon is up 2.04% in the last 24 hours. Looking ahead, Polygon is likely to remain in an uptrend, with strong support at $1.09 and resistance at $1.639 – although a break above the latter could send prices skyrocketing in the near future.
Polygon Price Predictions by Cryptopolitan
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2023 | 1.49 | 1.55 | 1.79 |
| 2024 | 2.17 | 2.23 | 2.57 |
| 2025 | 3.32 | 3.40 | 3.80 |
| 2026 | 4.86 | 5.39 | 5.69 |
| 2027 | 5.75 | 5.96 | 7.12 |
| 2028 | 8.51 | 8.74 | 10.03 |
| 2029 | 12.14 | 12.58 | 14.77 |
| 2030 | 17.25 | 17.76 | 21.65 |
| 2031 | 24.17 | 25.06 | 29.55 |
| 2032 | 35.06 | 36.06 | 42.60 |
Polygon Price Prediction 2023
According to our MATIC price prediction for 2023, Polygon might potentially surge to a maximum price of $1.79 and a minimum price of $1.49. The average price expected for 2023 is $1.55.
Polygon Price Prediction 2024
According to our MATIC price prediction, In 2024, the price of Polygon is expected to reach a minimum price value of $2.17. The MATIC price can reach a maximum price value of $2.57 with an average value of $2.23.
Polygon Price Prediction 2025
MATIC Price Prediction 2025 suggests that the asset could possibly reach a maximum price of $3.80 and a minimum price of $3.32. The average MATIC price is expected to be around $3.40 in 2025.
Polygon Price Prediction 2026
Polygon price forecast for 2026 suggests that the asset might reach a minimum price of $4.86 and a maximum price of $5.69, with the average trading value being $5.69.
Polygon Price Prediction 2027
Polygon price forecast for 2027 suggests Polygon price is forecast to reach the lowest possible level of $5.75 in 2027. As per our findings, the MATIC price could reach the maximum possible level of $7.12 with an average trading price of $5.96.
Polygon Price Prediction 2028
The Polygon price forecast for 2028 suggests that Polygon might surge to a minimum price of $8.51 and a maximum price of $10.03, with the average forecast price being $8.74.
Polygon Price Prediction 2029
Our Polygon coin price prediction for 2029, the price of Polygon is expected to reach a minimum level of $12.14 in 2029. The MATIC price can reach a maximum level of $14.77, with an average price of $12.58 throughout 2029.
Polygon Price Prediction 2030
Our Polygon crypto price prediction shows MATIC will have a minimum price of $17.25 and a maximum price of $21.65, with the average forecast price being $17.76 in 2030.
Polygon Price Prediction 2031
Polygon MATIC price prediction for 2031 suggests MATIC will attain a price of Polygon is predicted to reach at a minimum level of $24.17. The MATIC price can reach a maximum level of $29.55 with an average trading price of $25.06.
Polygon Price Prediction 2032
According to Polygon MATIC price prediction for 2032, the price of Polygon is predicted to reach a minimum level of $35.06. The MATIC price can reach a maximum level of $42.60, with the average forecast price of $36.06 throughout 2032.
Polygon Price Prediction by DigitalCoinPrice
MATIC price prediction by DigitalCoinPrice is bullish up to 2032. They predict that MATIC price will reach a maximum price of $2.30 in 2023, and by 2027 it will be up to $4.82. The maximum predicted price of MATIC is estimated at $20.30 in 2032. DigitalCoinPrice believes the fundamentals are strong for MATIC and that the project has a lot of potential for growth. They also noted that MATIC’s price is currently trading below its all-time high, which could indicate that there is still room for further gains in the future.
Polygon MATIC Price Predictions by Wallet Investor
Wallet Investor is bearish on MATIC future prices, predicting that the cryptocurrency could be a bad, high-risk 1-year investment option. According to their analysis, by 2023, MATIC’s price will decline toward a minimum price of $0.232, a decline of around 77.03% from the current price of $1.050. The website suggests MATIC’s price will continue declining to $0.225 till the end of March 2023 and will remain at a steady low until the end of 2023. Based on their analysis, Wallet Investor does not recommend investing in MATIC for the short-term or long-term, as it is expected that prices will continue to decline over time.
MATIC Price Predictions by Coincodex
According to Coincodex’s current Polygon price prediction, the value of the Polygon is predicted to rise by 1.80% and reach $ 1.078 by March 14, 2023. According to the technical indicators, the current sentiment is Neutral, while the Fear & Greed Index is showing 44 (Fear). Polygon recorded 13/30 (43%) green days with 8.79% price volatility over the last 30 days. Based on our Polygon forecast, it’s now a good time to buy Polygon.
In the best-case scenario, Coincodex suggests that MATIC’s price prediction for the year 2026 is $ 22.12 if it follows Facebook’s growth, while if MATIC follows internet growth, the prediction for 2026 is $ 2.54.
Polygon Price Prediction By Industry Experts
Polygon has been making waves in the cryptocurrency industry since its launch and has seen a significant rise in prices. With demand for cryptocurrencies continuing to grow, experts have weighed in on their Polygon price prediction for the upcoming months.
Many industry professionals believe that Polygon’s growth will continue as it is well-positioned to benefit from DeFi protocols and Layer-2 scaling solutions. Polygon was originally designed to resolve scalability dilemmas on the Ethereum blockchain. Its high throughput of up to 65,000 transactions per second exceeds that of its predecessor and makes it even more reliable for businesses looking for a dependable solution.
Compared with Ethereum, the blockchain has a cost-efficient transaction fee that makes it favorable for decentralized applications. According to More Crypto Online, a Youtube-based cryptocurrency analyst, Polygon’s price pump is going to happen soon.
The analyst has used the Elliot Wave Theory, a form of technical analysis used to predict changes in the price of an asset, to determine Polygon’s future potential. The analyst has predicted that Polygon will reach $2 by April 2024. He believes that the current support level is around $4.5, and the next target will be around $5.5, which will be reached if the price breaks this level.
Conclusion
Although Polygon has recently made numerous updates and improvements, its native token MATIC saw a 50% decrease in price last year. It had opened the year at $2.5 but is now trading around $1.1 -$1.2 towards the end of the first quarter of 2023.
Despite the short-term volatility, Polygon’s investors remain confident that it can reach double digits in no time. For instance, Lark Davis (@TheCryptoLark) confidently tweeted about his MATIC holdings expecting it to hit $10 soon.
Polygon has been actively forging relationships with various companies in the crypto space and staying abreast of current blockchain technology trends. Here are some recent updates, as announced by Polygon:
- The Polygon Mainnet is now live in Alpha and Beta versions.
- Support for deposits and withdrawals of all Ethereum-based assets
- Support of ERC721 to ERC20, ERC20 to ERC20, and ERC721 to ERC721 transactions enabled
- Increasing the number and capabilities of Proof-of-Stake validators
- Offering the API and SDK toolkit for dApp infrastructure development
- Supernets, a new blockchain network, is ready to skyrocket with Polygon’s $100 million investment toward businesses taking advantage of its powerful technology.
With partnerships and increased adoption, MATIC prices are expected to continue to surge. If investors and traders can take advantage of these bullish signs, they could enjoy significant profits. However, it is important to keep in mind that the cryptocurrency space is highly volatile and risky so always do your own research before investing.
There are many factors influencing the future of MATIC coin, from global economic conditions to the level of adoption of cryptocurrencies. The partnership with Meta and the latest breakout on the platform appear to be positive indicators for the coin’s future price, according to predictions from algorithm-based forecasting sites.
Overall, scaling solutions like Polygon are expected to gain momentum as network congestion on the Ethereum blockchain remains an issue. Polygon’s multi-layer technology allows it to authenticate transactions in a matter of seconds while still uploading them to the Ethereum blockchain, combining scalability and security.
Polygon’s powerful Dapp architecture makes it simple to build new apps on-chain and port current Ethereum projects. However, MATIC is projected to continue dipping by a few cents before beginning another price increase in the near future. Before making any investment decisions, do your own research.
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