Polygon Price Prediction 2023-2032
Polygon Price Prediction 2023 – up to $0.87
Polygon Price Prediction 2026 – up to $2.87
Polygon Price Prediction 2029 – up to $9.01
Polygon Price Prediction 2032 – up to $26.76
How much is MATIC worth?
Today, the price of Polygon (MATIC) stands at $0.543, experiencing a 24-hour trading volume of $506.66 million. The cryptocurrency has a market capitalization of $4.37 billion and accounts for 0.41% of the market dominance. Over the past 24 hours, MATIC’s price has risen by 0.54%. Currently, 8.01 billion MATIC tokens are in circulation, out of a maximum supply of 10 billion.
MATIC price analysis: MATIC price triggered a reversal from the low of $0.53
TL; DR Breakdown
- MATIC price analysis shows a bullish comeback as the bulls triggered a rebound from $0.53
- Resistance for MATIC is present at $0.5591
- Support for MATIC/USD is present at $0.5276
The MATIC price analysis for 3 September confirms that MATIC witnessed a bullish pressure after buyers emerged to defend the MATIC token from dropping below $0.53. As the bullish pressure intensifies, MATIC price is attempting to surge above 23.6% Fib channel to hold a recovery momentum.
MATIC price analysis 1-day chart: Bulls gain buying confidence above $0.53
Analyzing the daily price chart of Polygon, MATIC’s price witnessed a minor bullish momentum after bears failed to plunge the altcoin below $0.53. Over the last 24 hours, MATIC price regained its momentum as bulls emerged near the low to initiate a buying pressure. As a result, MATIC price is now way above the fear zone and is now attempting to trade above 23.6% Fib channel. The 24-hour volume declined to $1.6 million, showing a decreased interest in trading activity today. MATIC price is currently trading at $0.543, increasing by nearly 0.54% in the last 24 hours.
The RSI-14 trend line has declined from its previous level and currently hovers around 34-level, showing that bears are slowly gaining momentum of the price chart. The SMA-14 level suggests downward volatility in the next few hours.
MATIC/USD 4-hour price chart: MATIC price faces bearish activity near EMA100
The 4-hour MATIC price chart suggests that MATIC price recently experienced bearish activity at EMA100, creating a negative sentiment on the price chart. As the price struggles to initiate a surge, bulls prepare for a push above the resistance zone to strengthen buying pressure.
The BoP indicator is trading in a bullish region at 0.21, hinting that buyers are trying to build pressure near higher levels and boost the upward correction.
However, the MACD trend line has formed red candles below the signal line and the indicator aims for a negative reversal, strengthening bearish positions.
What to expect from MATIC price analysis next?
The hourly price chart confirms that bears are making efforts to prevent the MATIC price from an immediate surge. However, if MATIC price successfully breaks above $0.5591, it may surge higher and touch the resistance at $0.6451. If bulls fail to initiate a surge, MATIC price may drop below the immediate support line at $0.5276, resulting in a correction to $0.5054.
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: Polygon’s team has recently introduced Polygon 2.0, aiming to construct the Value Layer of the Internet. Therefore, Polygon 2.0 will function as a foundational framework for generating, exchanging, and programming value. The team asserts that Polygon 2.0 will play a crucial role in democratizing the global economy, similarly to how the internet facilitated democratized access to information.
Delist: In response to the classification of certain tokens as securities by the U.S. Securities and Exchange Commission (SEC), eToro, a retail trading platform, has suspended the buying of cryptocurrencies like Algorand [ALGO], Decentraland [MANA], Dash [DASH], and Polygon [MATIC] for its customers residing in the United States. This decision has been implemented by the platform.
Price Prediction By Cryptopolitan
Polygon Price Prediction 2023
Based on the forecast and technical analysis, the price of Polygon in 2023 is expected to touch a minimum of $0.79. The MATIC price might achieve a peak of $0.87, with an average trading price of around $0.82.
Polygon Price Prediction 2024
For 2024, the anticipated lowest price of Polygon stands at $1.15. Our analysis suggests that the MATIC price might climb to a high of $1.37, maintaining an average price of $1.18.
MATIC Price Forecast for 2025
Polygon’s price in 2025 is projected to have a minimum of $1.69. It could potentially hit a high of $2.00, with the average price hovering around $1.73.
Polygon (MATIC) Price Prediction 2026
Based on predictions and technical insights, the price of Polygon in 2026 could range between a low of $2.38 and a high of $2.87, averaging at $2.44.
Polygon Price Prediction 2027
Delving into past MATIC price data, our technical analysis for 2027 suggests a minimum price of $3.35 for Polygon. The peak might touch $4.21, with an average trading price close to $3.45.
Polygon Price Prediction 2028
In 2028, Polygon’s price is anticipated to be at least $5.04. On the higher side, it might reach $5.77, with the average price settling around $5.21.
Polygon (MATIC) Price Prediction 2029
For 2029, the expected price of a single Polygon is a low at $7.29. The MATIC price might surge to a high of $9.01, with an average of around $7.50.
Polygon Price Forecast 2030
The projections for 2030 indicate a potential low of $10.28 for Polygon. Our data analysis predicts a high of $12.56, with an average price of $10.58.
Polygon (MATIC) Price Prediction 2031
Drawing from our in-depth analysis of previous MATIC prices, the 2031 forecast for Polygon suggests a minimum price of $15.41. The price might peak at $18.21, with an average value of $15.83.
Polygon Price Prediction 2032
By 2032, Polygon’s price is projected to hit a minimum of $23.36. The upper limit could be around $26.76, with the average trading price expected to be $24.15.
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, formerly known as Matic, has a promising future for long-term investors. By December 2022, all Matic coins will have been released, ensuring potential gains.
Polygon Price History
Since its inception in 2017, Matic tokens have demonstrated resilience in the volatile crypto market, standing strong against market turmoil that often eliminates weaker tokens.
Despite the current bearish trend in the crypto market, experts remain optimistic about Matic’s price outlook for long-term investors.
Coingecko’s data shows Polygon’s impressive performance since 2017, with gains reaching an astounding 44,157.6%. The rally is expected to continue in the coming years.
Matic hit its all-time low of $0.003143 in May 2019 during a notable bearish period. However, it has since made substantial gains, reaching an all-time high of $2.62 in May 2021, suggesting May is a favorable month for Polygon.
Polygon’s price has been steadily rising since it reached $1 in late July. Experts anticipate further growth as Polygon’s network expands through new partnerships and adoption. In August, Polygon’s price hovered around $0.80, signaling the potential of this promising project.
In November, Polygon experienced a significant surge following the announcement that social media giant Meta is collaborating with the blockchain to explore Web3 and NFTs. Stephane Kasriel, Head of Commerce and Financial Technologies at Meta, revealed plans for Instagram businesses to create and sell their NFTs on the Polygon blockchain before expanding to other blockchains, including Solana. MATIC’s price skyrocketed to $1.29 on November 7th but later dipped below the $1 mark.
Over the past year, Polygon (@0xPolygon) has introduced several noteworthy features on Twitter. This includes the launch of a new Token List service and mobile burning capabilities for MATIC tokens, enhancing user interaction with MATIC through a simplified and secure mobile wallet interface.
Introduction
Polygon, a blockchain scalability platform, has been making significant strides in the crypto space. In this article, we’ll delve into recent developments and explore the potential future of its native token, MATIC.
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.
Recent Updates from 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.
Factors Affecting MATIC’s Future
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.
