Forecasting Polygon’s Price Movement: Will MATIC Surge Beyond $10 in 2024-2033?

Polygon Price Prediction 2024-2033

Polygon Price Prediction 2024 – up to $1.8

Polygon Price Prediction 2027 – up to $4.27

Polygon Price Prediction 2030 – up to $12.35

Polygon Price Prediction 2033 – up to $35.66

How much is MATIC worth?

Today, the price of Polygon (MATIC) stands at $1.06, experiencing a 24-hour trading volume of $133 million. The cryptocurrency has a market capitalization of $5.8 billion and accounts for 0.41% of the market dominance. Over the past 24 hours, MATIC’s price has decreased by 2.1%. Currently, 8.01 billion MATIC tokens are in circulation, out of a maximum supply of 10 billion.

MATIC price analysis

MATIC price faces bearish pressure as it consolidates around $1
MATIC price analysis shows a bearish pattern as it consolidates around $1
Resistance for MATIC is present at $1.17
Support for MATIC/USD is present at $1

The MATIC price analysis for 18 March confirms that MATIC is facing a strong battle around the $1 mark as it continues to struggle below that level. However, bulls aim for an immediate surge.

MATIC price analysis 1-day chart

Analyzing the daily price chart of Polygon, MATIC’s price witnessed a bearish rally after bulls were unsuccessful in pushing the altcoin above immediate Fib levels. Over the last 24 hours, MATIC price has been consolidating around the $1 mark as both traders fail to validate a clear trend. The 24-hour volume declined to $104 million, showing a decreased interest in trading activity today. MATIC price is currently trading at $1.06, decreasing by over 2.1% in the last 24 hours.

The RSI-14 trend line has declined from its previous level and currently hovers around 48-level, showing that bulls are slowly losing the momentum of the price. The SMA-14 level suggests upward volatility in the next few hours.

MATIC/USD 4-hour price chart

The 4-hour MATIC price chart suggests MATIC price continues to experience bearish activity below EMA lines, creating a negative sentiment on the price chart. As the price continues to face resistance near immediate Fib level, bulls are aiming to prevent further declines by sending the price above EMA20.

The BoP indicator is trading in a bearish region at 0.69, hinting that sellers are trying to build pressure near resistance levels and boost a downward correction.

However, the MACD trend line has formed green candles above the signal line and the indicator aims for a positive momentum, strengthening bullish positions.

What to expect from MATIC price analysis next?

The hourly price chart confirms bears are making efforts to prevent the MATIC price from an immediate surge. However, if MATIC price successfully breaks above $1.17, it may surge higher and touch the resistance at $1.28.

If bulls cannot initiate a surge, MATIC price may drop below the immediate support line at $1, resulting in a correction to $0.93.

Polygon Price Predictions 2024-2033

Price Prediction By Cryptopolitan

The price of Polygon is predicted to reach a minimum value of $1.08 in 2024. The Polygon price could reach a maximum value of $1.8 with the average trading price of $1.11 throughout 2024.

Polygon Price Predictions

The future price of Polygon (MATIC) is a subject of speculation among investors and analysts. Here are some forecasts for the price of Polygon in the coming years:

2025 Prediction: The price of 1 Polygon is expected to reach a minimum level of $1.62 in 2025. The MATIC price can reach a maximum level of $2.41 with the average price of $1.67 throughout 2025.
2026 Forecast: Polygon price is forecast to reach a lowest possible level of $2.43 in 2026. As per our findings, the MATIC price could reach a maximum possible level of $2.80 with the average forecast price of $2.52.
2027 Prediction: As per the forecast and technical analysis, in 2027 the price of Polygon is expected to reach a minimum price value of $3.42. The MATIC price can reach a maximum price value of $4.27 with the average value of $3.52.
2028 Prediction: As per the forecast price and technical analysis, in 2028 the price of Polygon is predicted to reach a minimum level of $4.98. The MATIC price can reach a maximum level of $6.00 with the average trading price of $5.16.
2029 Forecast: Polygon price is forecast to reach a lowest possible level of $7.02 in 2029. As per our findings, the MATIC price could reach a maximum possible level of $8.47 with the average forecast price of $7.28.
2030 Prediction: The price of Polygon is predicted to reach a minimum value of $10.39 in 2030. The Polygon price could reach a maximum value of $12.35 with the average trading price of $10.68 throughout 2030.

Price Predictions by Various Sources

Several platforms and analysts have provided their predictions for the future price of Polygon:

Coincodex: Coincodex predicts a 14.63% increase in Polygon’s price, reaching $1.159450 by March 10, 2024. Their technical indicators suggest a bullish market sentiment with a Fear & Greed Index score of 90 (Extreme Greed).
Digital Coin Price: Analysts anticipate that by 2026, MATIC will commence the year with a value of $3.01 and fluctuate around $3.60.
CryptoPredictions.com: Polygon is forecasted to begin April 2024 with a value of $1.280 and close the month at $1.542.

Polygon Overview

Polygon serves as a multi-layered protocol suite aimed at resolving the scalability challenges associated with the Ethereum network. By operating a separate but compatible blockchain, Polygon efficiently processes transactions before syncing them back to the main Ethereum chain. This method alleviates the strain on the Ethereum network, enabling faster transaction speeds and reducing costs to a fraction of a cent.

Previously known as Matic Network, Polygon offers a user-friendly framework that allows both new and existing blockchain projects to operate on the Ethereum platform without worrying about scalability constraints.

Polygon Price History

According to Polygon’s plan, all Matic coins will be 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.

Pros and Cons of Investing in Polygon (Matic)

Before investing in Polygon (Matic), it’s essential to consider the potential pros and cons:

Pros:

Provides new scaling solutions to the Ethereum ecosystem, ensuring a bright future and allowing investors to make long-term investments.
Offers immense growth potential with most tokens already in circulation and a maximum supply expected by December 2022.
Allows for the interconnection of blockchain networks, assuring investors of future performance.
Supported by a strong community of developers ensuring project success and increasing price level.

Cons:

Recent hacking incidents raise concerns about network security.
Price volatility and competition with other blockchain projects.

Conclusion

Polygon (Matic) has shown significant potential for growth, but it’s important to consider both the advantages and risks before investing. With promising partnerships and increased adoption, the future looks bright for Polygon, but investors should always conduct thorough research and exercise caution in the volatile cryptocurrency market.

BSCN NEWS REPORTS

Polygon news