Polygon Price Prediction 2023-2032
Polygon Price Prediction 2023 – up to $0.87
The price of Polygon (MATIC) in 2023 is predicted to reach up to $0.87.
Polygon Price Prediction 2026 – up to $2.87
By 2026, the price of Polygon (MATIC) is expected to rise to up to $2.87.
Polygon Price Prediction 2029 – up to $9.01
In 2029, the price of Polygon (MATIC) is projected to potentially reach up to $9.01.
Polygon Price Prediction 2032 – up to $26.76
Looking ahead to 2032, Polygon (MATIC) might achieve a price of up to $26.76.
How much is MATIC worth?
The current price of Polygon (MATIC) is $0.579. Over the past 24 hours, it has recorded a trading volume of $1.16 billion. With a market capitalization of $6.15 billion, Polygon holds a market dominance of 0.51%. However, the MATIC price has experienced a decrease of 0.28% in the last 24 hours. The circulating supply of Polygon is approximately 8.01 billion MATIC, out of a maximum possible supply of 10.00 billion MATIC.
MATIC price analysis: MATIC price attempted to drop below $0.56 but bulls held momentum
TL; DR Breakdown
MATIC price analysis reveals a robust battle between the bulls and bears around the $0.56 mark. Resistance for MATIC is notable at $0.6446, while support for MATIC/USD can be identified at $0.5647.
The MATIC price analysis for August 31st confirms a bullish pressure as buyers stepped in to prevent the MATIC token from falling below $0.56. With the bullish momentum intensifying, the MATIC price surged above the 23.6% Fibonacci channel and is currently maintaining momentum above the immediate support level.
MATIC price analysis 1-day chart: Bulls gain buying confidence
Analyzing the daily price chart of Polygon, MATIC’s price encountered a minor bearish trend after failing to break above the resistance line. In the last 24 hours, MATIC price regained its momentum as bulls emerged near the $0.56 low, initiating buying pressure. Consequently, the MATIC price now stands well above the fear zone and is striving to trade above $0.58. The 24-hour trading volume decreased to $3.8 million, indicating reduced trading activity today. MATIC price is currently at $0.579, reflecting a nearly 0.28% decline in the past 24 hours.
The RSI-14 trend line has surged from its previous level and is hovering around the 41-level, signaling that bulls are gradually gaining control of the price chart. The SMA-14 level suggests potential upward volatility in the coming hours.
MATIC/USD 4-hour price chart: MATIC price faces bearish activity near EMA100
The 4-hour MATIC price chart indicates recent bearish activity at EMA100, contributing to a negative sentiment on the price chart. As the price struggles to initiate an upward movement, bulls are gearing up for a breakthrough above the resistance zone to reinforce buying pressure.
The BoP indicator is situated in a bullish region at 0.75, indicating that buyers are attempting to generate pressure at higher levels to support the upward correction.
However, the MACD trend line has formed red candles below the signal line, and the indicator is poised for a reversal, strengthening bearish positions.
Recent News/Opinions on MATIC
Colombian Stablecoin: Num Finance has introduced a Colombian peso-pegged stablecoin called nCOP on the Polygon network. The token, named nCOP, is backed by more reserves than its value and enables individuals and businesses to utilize blockchain for various financial activities, according to the company’s press release.
Blames: Polygon Zero, the scaling branch of Polygon, alleges that Matter Labs copied a significant portion of code from its Plonky2 library for their zkSync project, a layer-2 Ethereum scaling solution. Matter Labs has refuted these claims.
NFT Buying Surge: In recent weeks, MATIC price witnessed a remarkable surge in its NFT sales. According to Dune Analytics, the total sale surpassed the 39K mark on 23 and 24 July.
Polygon 2.0 Governance: Polygon Labs developers proposed a new three-pillar governance structure for Polygon 2.0: an expanded proposal framework for network upgrades, a community-led system for protocol changes, and a treasury mechanism for funding projects and growth.
MATIC To POL Token: Polygon, a company specializing in Ethereum layer-2 development, has suggested an upgrade to its Polygon MATIC token. This would transform it into a versatile token capable of validating multiple chains.
The technical enhancement proposal for MATIC is pending approval from the Polygon community. If accepted, the upgrade would lead to a change in MATIC’s name to POL, reflecting its new multipurpose functionality.
Breaking: Polygon Labs recently proposed an upgrade to its proof-of-stake chain to a zkEVM validium following the unveiling of Polygon 2.0. This move, aimed at enhancing security and performance, is a significant stride towards their goal of capturing the internet’s “value layer”. The proposal also outlines plans for integrating zero-knowledge proofs, seen as the future of smart contract blockchains, separate from Polygon’s zkEVM introduced in March.
Polygon 2.0: Shaping the Value Layer of the Internet
Polygon’s team has recently unveiled Polygon 2.0, which is designed to establish the Value Layer of the Internet.
This new version, Polygon 2.0, serves as a foundational framework for creating, exchanging, and programming value in various forms. The team’s vision is that Polygon 2.0 will play a pivotal role in democratizing the global economy, much like how the internet revolutionized access to information.
Delisting of Tokens on eToro
eToro, a prominent retail trading platform, has taken action in response to certain tokens being classified as securities by the U.S. Securities and Exchange Commission (SEC). As a result, eToro has temporarily suspended the purchase of cryptocurrencies such as Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC) for its customers residing in the United States. This decision has already been implemented by the platform.
Polygon Price Predictions 2023-2032
Polygon Price Prediction 2023
According to analyses and forecasts, the price of Polygon (MATIC) in 2023 is projected to have a minimum value of $0.79. The price may potentially reach a peak of $0.87, while maintaining an average trading price of approximately $0.82.
Polygon Price Prediction 2024
Looking ahead to 2024, it is anticipated that the lowest price for Polygon will be around $1.15. Technical analysis suggests that the price could potentially climb to a high of $1.37, with an average price hovering at $1.18.
MATIC Price Forecast for 2025
The year 2025 is expected to bring a minimum price of $1.69 for Polygon, with the possibility of reaching a high of $2.00. The average price during this period is projected to be around $1.73.
Polygon (MATIC) Price Prediction 2026
Looking further into the future, the price range for Polygon in 2026 is forecasted to vary between a low of $2.38 and a high of $2.87. The average price for this year is estimated to settle at $2.44.
Polygon Price Prediction 2027
Examining historical MATIC price data, our technical analysis for 2027 indicates a potential minimum price of $3.35 for Polygon. The price could potentially peak at $4.21, while the average trading price is expected to be around $3.45.
Polygon Price Prediction 2028
In the year 2028, it is expected that Polygon’s price might start at a minimum of $5.04. On the higher end, the price could reach $5.77, with an average price settling around $5.21.
Polygon (MATIC) Price Prediction 2029
Turning attention to 2029, the forecasted price for a single Polygon is expected to start at a low of $7.29. The price could potentially surge to a high of $9.01, with an average price of approximately $7.50.
Polygon Price Forecast 2030
Looking ahead to 2030, our projections suggest a potential low price of $10.28 for Polygon. The analysis also indicates a potential high of $12.56, with an average price of $10.58.
Polygon (MATIC) Price Prediction 2031
Based on a comprehensive analysis of past MATIC prices, the forecast for 2031 predicts a minimum price of $15.41 for Polygon. The price may peak at $18.21, with an average value of $15.83.
Polygon Price Prediction 2032
Looking even further into the future, by 2032, Polygon’s price is projected to reach a minimum of $23.36. The upper limit of the price range could be around $26.76, and the average trading price is expected to be approximately $24.15.
Polygon Price Prediction By Coincodex
Based on Coincodex’s latest projections for Polygon, they anticipate a 33.54% increase in its value, reaching $0.835476 by August 21, 2023. Coincodex’s technical metrics suggest a bearish sentiment at present, with the Fear & Greed Index indicating a neutral stance at 50. In the past 30 days, Polygon has seen 43% green days, equating to 13 out of 30 days, with a price fluctuation of 5.03%. Given Coincodex’s current forecast for Polygon, it may not be an ideal time for investors to buy.
Polygon Price Forecast for 2025
The forecasted price of Polygon for 2025 ranges from $1.078436 at the minimum to $4.75 at the maximum. If MATIC achieves the higher price estimate, it could see an increase of 676.24% from its current value by 2025.
Polygon Price Forecast By Digital Coin Price
Digital Coin Price’s Polygon price forecasts expect bullish growth for the token in the upcoming years due to its ongoing network activity and exponential user base. It is anticipated that the value of MATIC will surpass the threshold of $1.34 in 2024. By the conclusion of the year, Polygon is projected to attain a minimum price of $1.3. Furthermore, there is potential for the MATIC price to reach a maximum level of $1.36.
In 2032, it is anticipated that the value of MATIC will surpass $11.48, with Polygon expected to reach a minimum threshold of $11.43 by the end of the year. Furthermore, there is potential for the LTC price to reach a maximum level of $11.49.
Polygon Price Prediction By CryptoPredictions.com
According to CryptoPredictions.com’s Polygon prediction, in September 2023, Polygon is forecasted to commence at $0.766 and conclude the month at $0.796. Throughout September, the projected maximum price for MATIC is $1.105, while the minimum price is expected to be $0.751.
Polygon Price Prediction By Industry Experts
Polygon Labs, zkSync, and Scroll ZKP held a competition to develop the best zero-knowledge Ethereum Virtual Machine in July 2022. The project received $1 billion in funding and was subjected to two external audits and an internal audit involving 26 researchers. The Polygon zkEVM was finally launched on March 27, 2023. While the MATIC price did not show an immediate boost, the launch had positive long-term effects.
The market experts on Youtube have predicted that the Polygon (MATIC) price will reach an all-time high by the end of 2023.
The reason for their prediction is that Polygon’s zkEVM technology has created many opportunities for developers and entrepreneurs to interact with Ethereum protocols without trust issues securely. @Louround_ and @expctchaos have elaborated on these benefits. They believe that the scalability offered by zk rollups is the most exciting aspect of this technology. With zk rollups, theoretically, thousands of transactions per second can be processed.
The zkEVM is highly notable for its security, in addition to its scalability. Unlike other L1 blockchains, it doesn’t have its own validation set. Instead, it shares its security with the Ethereum base layer through the mathematical proofs that roll-ups post on L1, which can be verified.
Given all these factors, market experts are projecting that the price of Polygon will hit an all-time high by the end of 2023. They believe it could be a top 3 coin, and its technology could be used in various sectors. With the increasing demand for privacy and anonymity, Polygon is well-positioned to become a leader in the field.
Polygon Overview
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.
Introduction
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.
Growth and Milestones
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.
Partnerships and Achievements
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.
Innovations and Features
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.
About Polygon (MATIC)
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 Use Cases
Ethereum-based Polygon aims to address fundamental challenges faced by the Ethereum blockchain, such as interoperability and scalability. It stands as the first project on the Ethereum blockchain to introduce a well-structured tool that tackles the scaling problem, earning it the label of an Ethereum scaling solution.
Unlike operating on a separate blockchain, MATIC tokens are exchanged on the Ethereum blockchain. Polygon was designed to facilitate Ethereum’s scaling through side chains. By staking MATIC tokens on the Ethereum blockchain and using them for transactions, users can mitigate the high transaction costs associated with Ethereum, thus fostering broader adoption.
Additionally, Ethereum hosts various DeFi projects, including Polygon (formerly known as the Matic network). As Polygon enriches the entire Ethereum blockchain with its functionalities, developers have shown keen interest, resulting in the steady growth of MATIC’s price.
Driving Growth and Success
During a week in June when major cryptocurrencies like Bitcoin, Ethereum, and Ripple faced a slump, the value of Polygon (MATIC) surged by approximately 35%. This rapid rise led investors to view Polygon (MATIC) as a promising asset, propelling it to a place among the top 15 cryptocurrencies globally. The conversion of Ethereum’s constrained blockchain into an open network accessible to many establishes Polygon as a stabilizing force, akin to the internet of blockchains.
The Polygon (Matic) project leverages Ethereum’s existing blockchain to its advantage. It benefits from Ethereum’s robust security infrastructure, active community, well-established security systems, and transparency.
Within the Polygon network, transactions are settled using the Matic coin. The increasing Matic price has attracted attention from cryptocurrency enthusiasts. Polygon technology has significantly enhanced efficiency within the Ethereum blockchain, boasting a capacity to handle up to 65,000 transactions per second on a single sidechain. Moreover, it maintains an impressive average block confirmation time of two seconds per transaction.
Pros and Cons of Investing in Polygon (Matic)
Pros of Investing in Matic
- As a scaling solution for Ethereum, Polygon’s long-term existence seems promising, ensuring a bright future and enabling investors to engage in lasting commitments.
- With 67% of tokens already in circulation and the maximum supply projected to be achieved by December 2022, Matic offers substantial growth potential for 2022 and beyond, leading to increased profits for investors.
- Matic facilitates the interconnection of blockchain networks, a scaling solution that provides investors with confidence in its future performance.
- Polygon benefits from a robust community of developers who contribute to the project’s success, thereby sustaining and elevating Matic’s price.
Cons of Investing in Matic
- The Polygon network recently experienced a hack, resulting in the theft of millions worth of Matic tokens. This incident raised concerns about the network’s security.
- Price volatility is a common characteristic of cryptocurrencies. Matic’s competition with other platforms like Avalanche, Polkadot, and Cosmos adds uncertainty to its long-term prospects, requiring investors to carefully monitor their investments.
Conclusion
Despite its recent updates and enhancements, the native MATIC token witnessed a 50% price decrease in the previous year. While short-term volatility persists, investors in Polygon remain optimistic about its potential to reach higher values. The active engagement of Polygon with various crypto companies and its commitment to staying current with blockchain technology trends contribute to its positive outlook.
With partnerships and increased adoption, MATIC prices are projected to continue their upward trend. However, it’s crucial to acknowledge the highly volatile and risky nature of the cryptocurrency space. Investors should exercise caution, conduct thorough research, and make informed decisions.
Various factors, from global economic conditions to cryptocurrency adoption rates, influence MATIC’s future. Collaborations such as the one with Meta and recent breakthroughs on the platform bode well for its price. Scaling solutions like Polygon are poised to gain traction as Ethereum blockchain congestion persists. Polygon’s multi-layer technology strikes a balance between scalability and security, offering rapid transaction authentication while integrating with the Ethereum blockchain.
Although MATIC’s price may experience fluctuations, careful consideration of the pros and cons, coupled with diligent research, can help investors navigate this dynamic landscape.
