Polygon has been one of the handfuls of projects that have amassed the cryptoverse, with its utility and sprawl on the charts. Not to miss out, Polygon has also changed the perception of the masses around layer-2 protocols. The network has now set up a benchmark for emerging layer-2 protocols.
It is known that Polygon Network is an emerging platform working on a scalable blockchain platform. Its native token MATIC is an Ethereum token that powers the Polygon Network. MATIC has portrayed impressive runs in the recent past. And boasts an astonishing ROI of 20,728.73% since its all-time-low.
Wondering if you should consider MATIC for your next shopping spree? Dive in as we take you across the plausible price forecasts of MATIC for 2022 and beyond!
- MATIC Price Prediction For 2022
- Polygon (MATIC) Price Prediction For Q2
- MATIC Forecast For Q3
- MATIC Prediction For Q4
- Polygon Price Prediction For 2023
- Polygon Price Prediction For The Next 5 Years
- What Does The Market Say?
- What is Polygon (MATIC) Token?
- Fundamental Analysis
- Our MATIC Price Prediction
- Historic Market Sentiments
|Market cap||$ 4,366,288,424.0000|
|Trading Volume||$ 271,801,357.0000|
|All time high||$ 2.9200 Dec 27, 2021|
|All time low||$ 0.0031 May 10, 2019|
MATIC Price Prediction For 2022
|Potential Low||Average Price||Potential High|
MATIC had initiated the trade for 2022 with a price tag of $2.503. The altcoin saw a fall to $1.913 in the very first week of the year. After a short-term retracement to $2.452 by the 18th of January. The asset slid down to its first cycle bottom at $1.313, on the 24th of January.
After a series of moving sideways until the first week of February, MATIC’s price spiked to $2.096 on February 7th. This was again short-lived, as the tensity in the business, led to a downswing. That said, MATIC’s price has been ranging closer to its crucial support levels and has closed its trade for Q1 at $1.6958.
Polygon (MATIC) Price Prediction For Q2
If MATIC manages to close its trade for the month of May, with a bullish price tag of $0.69. We can expect the quarter to range on an optimistic note. This could lead the price of the digital asset to its potential high of $0.969. On the downside, the altcoin could fall to its bottom at $0.703. That said, regular buying and selling pressures could land the price at $0.81.
MATIC Forecast For Q3
MATIC closing the second quarter on a bullish note will bring the much-needed impetus for the formation of higher highs. If the initiatives such as burn mechanisms and zk-Rollups, bear fruits, the price could soar to its potential high of $1.332. If the bears out-weigh the bulls, the price could land at $0.89. That said, average trade would leave the price at $1.098.
MATIC Prediction For Q4
If the native asset of the layer-2 protocol commences the final leg with optimism. The price of MATIC with sentimental impetus could spike to $1.726 by the end of 2022. Whilst usual buying and selling pressures would limit the price at $1.5. If users seek newer layer-1s over the Polygon network, the price could fall to $1.249.
Polygon 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 $3.086. That said, the digital asset could trade with a regular price tag of $2.363 if not much impetus is received. If the network sees lesser adoption and activity owing to ETH 2.0, the price could fall to $1.643.
Polygon Price Prediction For The Next 5 Years
In the next 5 years, Matic could hit a new high by breaking its previous price records. And it 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, it might eventually aid ETH holders and propel the price to $10.941.
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 $8.511 By the end of 5 years. That said, on a positive note, Matic could be seen trading at $12.241. With its improved scalability and layer-2 blockchain’s long-term success.
|Year||Potential Low||Potential High|
|Next 5 Years||$8.511||$12.241|
What Does The Market Say?
Wallet Investor pins a linear outlook for MATIC’s price projections. The analysts from the firm expect 2022 to close trade with a potential high of $1.486. The minimum and regular levels are expected to fall at $0.296 and $0.913 respectively. The firm expects MATIC to reach regular levels of $1.295 and $2.092, by the end of 2023 and 2025.
Trading Beasts, expects MATIC to portray a subtle projection in the long term. The firm expects MATIC to close the annual trade for 2022 with a regular price of $0.855. Trading Beasts forecasts 2023 and 2025 to close the trade at a potential high of $0.872 and $1.609 respectively.
Digital Coin Price
According to Digital Coin Price, MATIC is anticipated to close its trade for 2022 with an average price of $0.81. The firm expects MATIC to close the current year, with minimum and maximum targets of $0.77 and $0.87. That said, the analysts predict the average closing price tags for 2023 and 2025 at $0.95 and $1.18.
Click here to read our in-depth price prediction of Ethereum (ETH).
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.
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 smart contracts. It is a scaling solution for the Ethereum network. This allows Ethereum based transactions to be processed quickly using innovative protocols.
Polygon 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.
Our 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 favouring market trends for MATIC can result in reaching new milestones. Consequently, the altcoin can hit $1.7 as the year ends. However, if it fails to keep up and grab more investors the price may slump and reach $1.25.
Historic Market Sentiments
Matic network initiated its journey in the crypto sphere on 29 April 2019 with a price of $0.004. The token steadily started to rise after. With certain variations, the price hit a high of $0.03 by the end of May and further declined to $0.01 by early June. Later, the token continued to remain stable at a price of $0.02 till the end of July.
Interestingly, the token plunged to $0.01 by early August and resumed to be in the same price level with minor variations until November. Effectively, Matic spiked to $0.04 by early December as it gained the attention of the investors. Tremendously, the token declined to $0.01 by mid-December. At the end of 2019 Matic was trading at $0.014.
On a bearish note, the Matic continued to trade at $0.014 during the dawn of January 2020. Later, the price started to variate and reached $0.02 by February. Dramatically, the token sank to $0.006 by mid-March as the crypto market crashed due to the Covid-19 outbreak.
Further, the price started to recover and reclaimed its resistance level at $0.025 by the end of May. Further, the token hit $0.031 by mid-August and plunged to $0.012 during the start of November. At the end of December 2020, Matic was exchanging at $0.017.
Matic continued to trade at $0.0018 by early January 2021. Further, the price started to rise and hit $0.043 by the end of January. MATIC surprisingly reached an all-time high of $2.45 on 12th March and rallied further. The token was seen performing well.
But no sooner did the Crypto market crash on May 19th, pushing most currencies off the bearish trend. MATIC was one among them where it fell from $2.45 to $0.6901 on 20th July 2021. The price hovered around $0.8 for a month. In the month of August, the price showing uptrend hit $1.62. Whilst, MATIC price claimed its target of $1.6691, on the 23rd of August. The month was closed in a downtrend.
By the first week of September, the altcoin surpassed its resistance on the 5th of September trading at $1.793. The leg-up was short-lived and made way for a downswing. It was on the 15th of October when MATIC spiked by $1.6869, which led to a monthly closing trade of $1.953.
After consolidating for November, MATIC saw its peak of $2.585 on the 8th of December. The altcoin saw its ATH of $2.92 on the 27th of December, which was followed by a pullback to $1.758. That said, the annual trade was closed at $2.479.
To read our in-depth price forecast of XRP click here!
A: Yes, MATIC is a profitable investment, the digital asset should be under due consideration for the long term. The protocol hosts numerous applications and will continue to drive the growth of adopters. With its myriad of initiatives and developments.
A: The price of MATIC could possibly reach its potential high of $12.241, by the end of the next 5 years.
A: Polygon’s MATIC is available for trade across prominent cryptocurrency exchange platforms such as Binance, Coinbase, and Kraken, amongst others.
A: MATIC price could possibly close its trade for 2022, with an average price tag of $1.726.
A: Polygon boasts a theoretical TPS (Transaction Per Second) of 7,200 transactions.