Polygon (MATIC) Coin Price Prediction

Preface

As Top 20, the hottest cryptocurrency – Polygon. Lots of people investing MATIC, and today analysts from Bexplus will be analyzing the Polygon price prediction.

Today, the market possesses more than 5,000 cryptocurrencies. All these currencies have their financial policies and values. There have been cases where investors are overlooking the newer coins. However, Polygon (MATIC) is outstanding in this market. MATIC is the native of Polygon and came into the market in late 2017. Generally, Polygon (MATIC) is Ethereum’s layer-2 scaling solution. Polygon (MATIC) aims to improve Ethereum’s transactions speed and reduce gas fees.

Approximately, Polygon easily possesses 65,000 transactions per second in every single chain. However, this associates itself with a block confirmation time of a maximum of two seconds. Polygon’s native tokens are MATIC and are used by investors primarily for Polygon payment services. In addition, they may also be used by people who carry out their operations or transactions in the Polygon ecosystem. Furthermore, MATIC tokens are also used by people who carry out their operations in Polygon sidechains, where they tend to pay for the transaction fees.

What is Polygon?

Polygon is a rebrand for the previous MATIC Network. Anurag Arjun, Jayanti Kanani, and Sandeep Nailwal created the Polygon coin in October 2017. The Polygon creators are famously known today as the first India’s crypto billionaires. Polygon is a complex framework whose primary purpose is to build interconnected blockchain networks. Usually, Polygon tends to solve some of the significant shortcomings of Ethereum. For example, they are lacking community governance and poor user experience. The later challenge typically is through delayed transactions and high-speed transactions.

MATIC network, Polygon usually uses Plasma Technology to process off-chain transactions before processing the same transactions in the Ethereum main chain. There are other features that the Polygon-creators set to help solve Ethereum based problems, for example, ZK Rollups, Optimistic Rollups, Validum chains, Stand-Alone chains, and shared security chains. The listed scaling mechanisms aim to boost Ethereum’s transactions without altering the users’ experience and the network’s security. In addition, Polygon’s experts have done this hoping that Polygon will solve the problems without jeopardizing Ethereum’s decentralized nature. Therefore, Polygon is creating scaling solutions in a very rapid manner. However, MATIC does not associate itself with exact dates for updating its projects.

MATIC Token

Polygon is a rebrand of MATIC Network that happened in February 2021. Even now, MATIC is still the cryptocurrency token that the Polygon network possesses. In the Polygon network, MATIC token is used for several purposes. If you own a MATIC token, you might be able to vote on some governance-related issues. In addition, you may also be able to improve the network’s security. MATIC token holders usually do this via voting. However, you need to hold MATIC in your wallet if you want to be eligible to vote. Furthermore, token holders can also use the token for gas fee payments or transaction payments. In the meantime, the maximum token supply is approximately 10 billion.

Polygon For DeFi

Using Polygon for Defi is very simple. The reason to state this is that Polygon has slowly changed to be an essential feature for many Defi protocols. Many platforms are adopting it every day. Therefore, if you are an Ethereum user, you need to learn to use Polygon to get the most of the Defi experience. This experience includes transacting at low fees and relatively faster transaction times. Therefore, you should move your existing funds from Ethereum to your Polygon network. However, you might need to have a 3.0 digital wallet. In addition, you might need to have approximately 15 minutes of spare time.

Polygon Coin Value

Polygon network trades with a native token customarily labeled as the MATIC. The coin value is currently set at $2.63, and the coin’s market cap is presently set at $18,829,816,959. Consequently, this number makes the coin rank 14th in the cryptocurrencies available in the market today. Up to now, MATIC has a maximum supply of approximately 10 billion coins in the market. Polygon has a circulating collection of roughly $7.16 billion coins in the market. Generally, this is around 72% of the earlier stated $10 billion coins in the supply. In the meantime, the Polygon Coin has a market dominance of 0.82%.

Polygon Price History 2019-2021

First and foremost, let us look at the Polygon coin’s history. After that, we can carry out Polygon price prediction.

1st June 2019- 31st December 2019

In June, Polygon’s price was at $0.022, and it dropped to $0.011 in July. The price increased to $0.012 in August and decreased in September to $0.011. In October, Polygon was priced at $0.014, and the price rose to $0.029 in November. However, the coin’s price dropped in December to $0.014. Among those few months of 2019, Polygon’s highest cost was $0.043 in December. On the other hand, the coin experienced the lowest $0.010 in October, September, and August.

The Price History of MATIC in 2020

Polygon’s prices in 2020 were trendy. In January, the coin was valued at $0.018 and appreciated in February at $0.020. The value depreciated to $0.011 in March and then relished in the next two months to $0.021, only to decline again in June to $0.019. The price appreciated again in July and August to $0.020 to $0.027, respectively. The coin’s value depreciated in the next two months to $0.020 in September and $0.014 in October. In November, Polygon’s new value was an appreciation of $0.020. However, the coin’s price depreciated in December to $0.018. The coin’s value in 2020 enjoyed a high $0.031 and a low $0.007 in August and March, respectively.

The Price History of MATIC in 2021

Polygon has been enjoying inevitable fluctuations in its prices in 2021. In January, Polygon’s price was $0.038 and enjoyed a $0.046 high and a $0.018 low. Polygon’s price continued to appreciate until June where Polygon’s price dropped to $1.167, having valued at $1.880 in May. In July, the coin’s price also depreciated to $1.078 and then appreciated to $1.337 in August. September experienced depreciation where the coin’s new value was $1.128. In October, Polygon’s value was $1.934. In November, the price depreciated to $1.785 and then appreciated in December to $2.532. The year experienced a high of $2.922 and a low of $0.017 in December and January, respectively.

Polygon History Price Summary

We may learn about the Polygon coin’s history price trajectory by looking at its comprehensive prior values.

The chart below shows the Polygon coin’s price history from June 2019 to June 2021.

YearLowest PriceHighest Price
Second half of 2019$0.010$0.043
2020$0.007$0.031
2021$0.017$2.922
The price history of MATIC from 2019 to 2021

Polygon Price Prediction from 2022 to 2025

MATIC, the ERC-20 token used to power Polygon, is also the gateway to a Multi-Chain Ethereum. MATIC has pushed to an all-time high last December 23rd, reaching $2.92. MATIC made a 130.51% rise over the previous six months and a 6744% rise last year. No doubt that MATIC and Polygon were the most profitable investment in 2021. Let’s predict how high Polygon could be in the future based on the historical performance.

Polygon Price Prediction in 2022

MATIC, the ERC-20 token used to power Polygon, is also the gateway to a Multi-Chain Ethereum. MATIC has pushed to an all-time high last December 23rd, reaching $2.92. MATIC made a 130.51% rise over the previous six months and a 6744% rise last year. No doubt that MATIC and Polygon were the most profitable investment in 2021. Let’s predict how high Polygon could be in the future based on the historical performance.

The Polygon Price Prediction of 2022

Polygon Price Prediction
The price trend channel of MATIC in 2021

The chart above shows that Polygon has been in an uptrend channel since late July of 2021. By the end of 2021, all Uniswap V3 contracts were deployed to the Polygon network. This made Polygon support the official Uniswap interface, resulting in another push at MATIC price. On the first few days of 2022, the MATIC price broke the ceiling of the channel, making the all-time high of $2.92.

According to the trend we demonstrated above, the Polygon price can easily hit up to $5 by the end of 2022. And the price would mainly swing between $2.5 and $5.

Polygon Price Prediction from 2023 to 2025

Although Bitcoin and Ethereum own most of the market dominance in the cryptocurrency section, their founders had no idea they would become so popular. Nowadays, nearly all new coins aim to increase the speed of transactions and reduce costs. This is called the scalability of cryptocurrency.

Polygon is designed to solve all these issues. That’s why it has become more and more popular and stands at #14 of all crypto coins. With the widespread use of NFT and the development of metaverse, the Polygon is bound to surge to a new height.

We forecast Polygon could reach $7 at the end of 2023. The Polygon price in 2025 will stand firmly at $12.

The Polygon Price Prediction Beyond 2025

Compared to other DeFi chains, Polygon offers the cheapest transaction fees at around $0.002. Meanwhile, the Polygon chain can handle up to 10,000 transactions/s. This is extremely swift while ETH can only process 30 transactions per second. With all these advantages, Polygon has a firm base to widely use on dApps and NFT.

The price of MATIC can climb up to at least $20 in 2030.

What Do Investment Agencies Say

Wallet Investors

Wallet investors have set the Polygon (MATIC) price at $4.06. Therefore, this prediction from wallet investors associates the coin with a 54% increase. The forecast from wallet investors is based on their technical analysis and artificial intelligence model.

Digitalcoin Price

DigitalCoin forecasts by looking at historical data and a proprietary algorithm. DigitalCoin predicts that in 2022, Polygon (MATIC) may value at $4.06. As a result, this prediction increases 57% in the current price.

CoinQuora

CoinQuora predicts that Polygon (MATIC) will value at $7.50. For that reason, this is an 186% increase in the current polygon (MATIC) price. CoinQuora typically develops its predictions on Polygon’s partnerships, ongoing developments, and technical analysis.

Gov Capital

Gov Capital states that Polygon (MATIC) will value $3.94 in 2022. Consequently, this price represents a 50% increase in the current price. Gov Capital predictions are based on a custom algorithm that primarily uses deep learning. In addition, the custom algorithm mainly considers many factors before completing its analysis. Some of these factors are the performance of other coins such as Ethereum, Bitcoin, Shiba Inu coin, among others. In addition, the algorithm also considers the volume of the coins in the market and their market cycles.

Trading Beasts

Trading Beasts combine linear and polynomial regressions to carry out their predictions. They anticipate that by the end of 2022, Polygon will be worth $2.5595, suggesting a slight reduction from its current average value of $2.63.

FAQ about Polygon Investment

Where to buy the Polygon Coin

Polygon (MATIC) is a top-rated coin because it is one of the projects contributing to the Ethereum ecosystem development. There are top exchanges where you can buy Polygon (MATIC). Such as Binance FTX, KuCoin, Huobi Global, and Coinbase Pro.

Should I invest in Polygon (MATIC) Coin?

There is hope that Polygon (MATIC) price will continue to expand as days go. The reason to state this is that the market has been experiencing an elevated Polygon (MATIC) shortage. However, you should note that any investment has its risks. Therefore, you should invest what you are comfortable in losing. In addition, it would be best if you also carried maximum research to ensure that you quickly make the correct decisions.

How high can Polygon (MATIC) Coin go?

The Polygon (MATIC) coin has a good possibility of increasing value. The Polygon (MATIC) coin could be worth $3.08 at the end of next year (2022). However, if we consider the next five years, the Polygon (MATIC) price may have risen to $14.69.

What might be the value of Polygon (MATIC) Coin in 2030?

The Polygon (MATIC) coin has the potential in the market in terms of price to reach very high heights. As a result, it is expected that the value of the Polygon (MATIC) currency will continue to rise in the market. According to business analysts and experts, the Polygon (MATIC) coin will be worth $112.55 in 2030.

Summary

Polygon is compatible with Ethereum Virtual Machine (EVM). This feature makes it fully compatible with the APPs and programs developed for ETH. If you are investing in ETH, you should also take a glance at the price trend of MATIC.

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