MATIC price Prediction 2023

History of Polygon (MATIC)

Before starting with MATIC price prediction, let us first know more about Polygon. It is an ideal blockchain platform that provides cheaper and lightning-fast transactions eliminating the complexities involved in the decentralized ecosystem. MATIC has been created with the sole objective of a multifunctional and multipurpose advantage in all walks of life. Polygon price prediction is mentioned in detail in this article.

MATIC Overview

Cryptocurrency Polygon
Ticker Symbol MATIC
Price $0.6461
Price Change 24h -2.53%
Price Change 7d +10.82%
Market cap $7,339,248,883
Circulating Supply 8,734,317,475 MATIC
Trading Volume $455,868,182
All time high $2.92
All time low $0.003012
Matic ROI +18583.92%

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Polygon Network was brought to life by CEO Jaynti Kanani (Read the full interview by CrpyotNewsZ here), Sandeep Nailwal, and Anurag Arjun in October 2017 after Vitalik Buterin and Joseph Poon released a whitepaper on the Plasma framework. It was observed by the duo that the Ethereum layer was not fully scalable, and hence they coined the benefit of using PoS sidechains connected to the root chain.

Here each and every individual chain deals with its independent blockchain networks with its consensus mechanism and block validators to create more “child chains” of its own.

Recently, MATIC Network rebranded to Polygon — Ethereum’s Internet of Blockchains. The existing MATIC solutions remain a functional and high priority, and the MATIC token remains important for securing and governing the network.

Most developers and projects want to build their scaling solutions within the Ethereum ecosystem in order to benefit from its security and network effects. However, they struggle to navigate its unstructured Ethereum scaling landscape and deal with its implementation complexities.

Hence, Polygon (MATIC) announced plans to enhance its support for the Ethereum network to scale faster and reduce the growing transaction costs. The main objective of Polygon (MATIC) is to decrease the high fees paid on the Ethereum blockchain along with scaling for crypto projects and enterprises. It will introduce structure to this ecosystem and provide a framework to help it grow further and faster.

Polygon: The MATIC Token

The round-the-clock active team of Polygon Network has produced interface libraries that are one of their kind. These are tools that help you create programs and implement the interface. The network also brought a unique MATIC coin to the masses in the first half of 2019.

The current Polygon price stands around $0.6461, the current circulating supply is 7,956,181,045 MATIC, and the total supply of other coins currently stands at 10,000,000,000 MATIC.

Polygon: Limitless Potential

Integrating MATIC on dApps enables settlement of payment services whenever and wherever. The confirmation of such transactions gets processed in a fraction of seconds. This happens due to faster block generation times, wherein the fees are the lowest. MATIC provides APIs/SDKs for dApps, merchants, and users to instantly accept or pay in crypto assets like ERC-20 tokens, ETH, and others.

MATIC enables decentralized exchanges to offer expeditious and inexpensive trades for their users. Integration with Polygon helps these exchanges run on steroids, making them trustworthy and secure. No wonder the Polygon SDK decentralized exchange drive is undoubtedly feasible in the near future price of digital assets.
Moreover, it reinforces gaming networks, thereby speeding up their performance in processing transactions. Since all the processes in the gaming world happen over blockchain, they become more reliant on Polygon Network.

Personal data security is another accountability zone of Polygon Network as it is a blockchain scalability platform and an adapted version of Plasma.

The users tend to send and receive payments in the virtual currency of their choice through MATIC smart contracts as it handles the conversion through atomic swaps between cross-chain crypto assets.
Polygon also acts as a Lending & Credit scoring platform for merchants. The traders can ascertain the worthiness and credibility of their borrowers, viewing their transaction history and facilitating the lending of tokens to those who stand a better chance of timely repayment.

Through an open-identity system, technical analysis of Polygon (MATIC) ensures that users have control over their private keys without worrying about their security or divulging personal keys.

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That’s not the end of the advantages MATIC offers to its users. Here are a few more that follow:

  • Multifunctional attributes of Polygon enable diversified uses of existing apps, including security and safety of data and transactions.
  • Polygon ensures accessibility, especially in Layer 2 solutions.
  • A variety of Application platforms offered on MATIC creates a surreal experience.
  • Inter-tradability is another key feature of MATIC via DEXs.
  • Polygon allows access to partnerships via Decentraland, Zebi, Hey Coral, and MakerDAO.
  • The plasma operator mechanism of Polygon enables scalability, allowing up to 65K TPS.
  • Plasma wallet mobile app integrated with WalletConnect, to ensure secure storage of keys and intuitive access to the features provided by MATIC.
  • Features supporting mobile applications and developer kits are extremely user-friendly and have their independent version of the PoS algorithm.
  • A plethora of DeFi apps can be posted on MATIC’s price sidechains.

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Polygon (MATIC): An Unparalleled Performance

The actual strength of the Polygon Multi-chain Network lies in the fraud-proof mechanism. By implementing PoS at the ‘CheckPoint Layer’ as well as delegates at the block producer layer, MATIC ensures optimum decentralization. This mechanism requires users to submit details of any fraudulent transactions suspected. As a result, fraudulent cases are slashed. This mainchain security is supplementary to the PoS protocol security on the sidechains.

Another feature of the Polygon Network is the implementation of Plasma which is built on state-based sidechains running on EVM. This helps Polygon Network give scalability for generic smart contracts. The public ‘CheckPoint Layer’, which works on periodic intervals, makes the network permit sidechains to operate at high speeds while publishing the checkpoints in batches.

Layer scaling solutions with decentralization are the ultimate Polygon price objectives. The expanse is vast and does not limit itself to financial decisions, transactions/trades but other casual dApps like games, etc. Another benefit with Plasma Cash is that MATIC harnesses use checkpoints for 1-second block times (with PoS layer).

As Plasma Cash works with Non-Fungible Tokens (NFTs), it works great for game cards and social state changes where you have pre-defined fees (bundled as NFT – e.g., “20 tokens” to play a game equals 1 NFT coin on Plasma Cash). In scaling projects viz. Polygon and Quarkchain, Polygon remains outstanding with its unique trait to access scale attaining an optimum decentralization.

Built on the Ethereum mainchain, Polygon has the advantage of programming language, developer documentation, etc. It is readily available and does not have to build everything from scratch, and this is so mainly as Polygon Network is an EVM-based side chain.

In the payments segment, Polygon Multi-chain Network outshines its competitors like Raiden Network and others mainly because of MATIC’s price underlying technical analysis. There is no requirement for separate payment channels for users, and they only need to have a valid Ethereum address to receive tokens.

Most financial decision service applications like DEXs, Lending dApps, and many others can be easily accessed by Polygon Network users. Ultimately, it can be seen that MATIC has endeavored a good move to enhance customer experience by facilitating the user-friendly implementation of tools.

Latest News of Polygon Ecosystem

Polygon (MATIC) has always been aggressive on partnerships and brings constant updates in tandem with the latest technology. Hence the project always has something innovative to bring to a platter.

One of the top news about the network is that they have launched Polygon Nightfall, which is already live. Polygon Nightfall is for businesses to have an affordable blockchain network with immutable privacy. With Polygon Nightfall and its cutting-edge Optimistic-ZK hybrid approach, businesses will be able to keep their transaction data private from TPs.

Apart from Polygon Nightfall, they have also introduced Polygon Supernets, which is powered by Polygon Edge. With this customizable blockchain, users will be able to build and launch blockchain networks as per their specific needs. It uses a modular framework to support many infrastructures and scaling solutions.

Another news that can have a lot of positive impact on the price of MATIC is that Mark Zuckerberg said in an interview that he would allow posting NFTs on Instagram and their other family apps. Instagram will join hands with ETH, Polygon, and a few other blockchain networks to facilitate the NFT posting. Not just that, eBay has also launched its first NFT collection on the Polygon network.

On the never-ending list of Polygon news, one of the biggest news is that MATIC is going to be completely carbon neutral by the end of 2022. They made a $20 million pledge to offset their carbon footprints and later become carbon negative.

Amazing, isn’t it?

Polygon Partnerships

Somnium Space has joined hands with Polygon to leverage more scalability with MATIC to launch a secondary land offering. Integration with Chainlink proved the second most influential nuptial for MATIC as it integrated with Ankr Network, Spring Role Marlin, Stack City, Cere Network, Nestree, Prometheus, and Tokamak.

This allowed Polygon to enter a different space of assets, viz. Data Brokerage, Integrated Messaging Apps, WiFi ad Bidding, Spearhead Enterprise Adoption, Decentralized Oracle, scaling own research & recruitment worldwide.

Decentraland, Zebi, Maker DAO, and Parsec Labs have also invested in MATIC coupled with a public offering. MATIC being listed in the top crypto exchange platforms viz. WazirX, more news stories are awaited.

The last year was amazing for Polygon as it registered partnerships with Decentraland, Sandbox, Opensea, Hermez Network, etc., to enhance development in NFT, Metaverse, and the Web3 gaming ecosystem.

In 2022, Polygon (MATIC) will secure multiple partnerships with Alan Howard and Cope Studio, Drips Protocol, Wirex, Adobe’s Behance, DraftKings, Spatial LABS, Ankr, Stader Labs, Opera browser, DEVITA, and PayBolt to boost DeFi, Web 3, payments & staking services, NFT spaces.

Technical Analysis of Polygon (MATIC)

The psychology of users plays a pivotal role in the crypto market sentiment. Apart from it, many other factors such as the fundamentals of the token, price history, development, and acceptance of the token play a major role too. No investors must rely only on crypto prediction in order to make their investment decision.

Polygon’s native token MATIC has gained customer trust, bringing profit for investors and traders. This implies further adoption of Polygon by traders and investors.

MATIC price Prediction 2023

The downswing that played for the token in 2019 evaporated in the backdrop of its technological solutions. They were by no means a paradigm, but it can be said the token was being tracked for movement.

However, 2022 has not been a good one for the MATIC token. The coin price was $2.58 in the beginning but has now reached $0.6142. A frequently and keenly observed trait of Polygon is that it has shown the most erratic and fluctuating behavior, especially this year.

The trend line indicates that the price has been reduced by more than 75%. The $0.57 is the immediate support level from where the MATIC price has bounced recently.

MATIC price Prediction 2023

The current price is much below the 50 and 200 EMA levels, indicating that the coin does not have much strength to begin an uptrend in the short term. However, the MACD line is showing slightly bullish momentum as it trades above the Signal Line. At the same time, the RSI is trading at 37, in the neutral zone.

To conclude the technical analysis and define our short-term Polygon price predictions, we strongly believe that it is not the best time to invest in the coin.

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Experts’ Take on MATIC Price Predictions

While some experts have an optimistic view on Polygon crypto price prediction stating the MATIC coin may outperform its rivals, others hold their cards close to their chest.

Based on our Polygon Price Prediction, a long-term increase is expected; the MATIC coin price for 2027 might be around $2.304. As per the 5-year MATIC forecast, the revenue is expected to be around +256.66%.
Wallet Investor

As per the technical analysis, the expected maximum price of MATIC at the end of 2022 may be around $1.188. MATIC’s price target is set to rebound by July, which would necessarily reflect a good peak. The minimum price of $0.6483 by the end of the year 2023 is sure to scale, as per our Polygon price predictions.
Trading Beasts

The current price of MATIC is $0.6461, and our data indicates that the asset price has been in an uptrend for the past 1 year. Polygon has been showing a rising tendency, and the future price of Polygon is predicted at $4.91 after a year, according to our MATIC price prediction.
GOV Capital

As per the Polygon price prediction data analysis, the price of MATIC is expected to cross the level of $0.7. By the end of 2022, Polygon is expected to reach a minimum price of $0.80. In addition, the MATIC price can get a maximum level of $0.90.
Digital Coin Price 

According to their Polygon price prediction 2022, the maximum price will be around $2.27. The minimum price level might be around $1.95, with an average trading price of $2.01.
Price Prediction

The year 2022 can end with an average price of $1.92 and a minimum price value of $1.85. The maximum price of Polygon is expected to be trading around $2.19 as per our MATIC coin price prediction.

Tech News Leader

Polygon has gained trust and credibility among enterprise businesses. As per our Polygon (MATIC) price prediction, its projected growth is set to reach extreme highs, similar to what was seen during the ICO boom and crypto hype bubble. MATIC has long been a panacea for application developers, and solutions for real-world problems like virtual currency transfers and distributed finance have found a base with MATIC.

The Polygon (MATIC) price prediction from the various experts does not deter it from outperforming its rivals by any means. The Polygon support zone community has set higher benchmarks for itself, notwithstanding. The MATIC coin price targets shall surpass the expectations of all cryptocurrency investors who have found this platform extremely interactive and uncomplicated.

Polygon Price Prediction: 2022-2026

As a non-mineable token, MATIC’s current price stands at $0.6461 with a crypto market capitalization of $5,140,492,951, putting it in the position of 17 in the global cryptocurrency rankings. There are 7.96B MATIC tokens available in supply currently. The new all-time high price of Polygon is $2.92, and the trading volume for 24 hours is $370,270,602.19.

The Polygon price has marked the lowest price level of $0.59 and highest price level of $0.64 over the last 24 hours. The factors such as all-time high, a new all-time high, and Polygon price predictions continuously keep on changing, and it is on the predictors’ judgment as to where the price will reach.

MATIC price Prediction 2023

Since the beginning of 2022, the MATIC price faced significant correction; still, Polygon crypto held its strong support of $1.27 until May, when the entire crypto market crashed. It holds enormous potential as per the MATIC price predictions, but big milestones are yet to be achieved. There will be different price targets mentioned along with its price action.

Despite being the inherent trait of all cryptocurrencies, volatility overpowers the choice of most traders. Even though the pandemic shook the roots of the fiat currencies, cryptocurrencies like MATIC took the world by surprise, showing gains despite the crisis. Hence, volatility represents an immensely important aspect of Polygon crypto trading.

The best tip to invest money in any crypto is to wait for some correction in the coin’s price. According to MATIC coin prediction, it is not the best time to buy MATIC as it is trading near its long-term support level. Traders may wait for some price rise and then take any investment decision.

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Even though other major crypto giants seem to be getting social media hype, Polygon (MATIC) may steadily show a positive outlook. The year 2025 may be the breakout year for MATIC, with the price predictions of a minimum value of $1.5 for sure.

With all that in mind, let’s explore MATIC price prediction for the upcoming years.

Polygon (MATIC) Price Prediction 2022

The massive dApp adoption and multiple technological upgrades drove the overall growth of MATIC prices. The partnerships and alliances shall push the scalability of the network to 65,000 transactions per second. The current price of Polygon (MATIC) is trading around $0.6461. According to Polygon price prediction 2022, the coin price may try to recover from the recent market crash.

With our price prognosis data, traders will be able to make better investment decisions. Here is our monthly Polygon coin price prediction for the year 2022.

MATIC Coin Price Prediction June 2022

For the month of June 2022, the average price of MATIC is expected to be around $0.65. Whereas the minimum and maximum prices are expected to be $0.60 and $0.70, respectively.

MATIC Price Prediction July 2022

The MATIC coin may see a slightly better performance in July as compared to the past few months. The minimum, average, and maximum prices are expected to be around $0.7, $0.8, and $0.9, respectively.

Polygon Coin Price Prediction August 2022

In August 2022, the maximum price of the coin can be around $0.85, with an average price and minimum price of $0.77 and $0.70, respectively.

Polygon Crypto Price Prediction September 2022

For September, it is expected that the coin may trade around the same levels as August. The minimum, average, and maximum prices are anticipated to be $0.73, $0.75, and $0.80, respectively.

Polygon Crypto Prediction October 2022

For the month of October, the average trading price of Polygon can be around $0.75, while the maximum and minimum prices can be around $0.77 and $0.73, respectively.

MATIC Network Price Prediction November 2022

For the month of November 2022, the average price of MATIC is expected to be around $0.75. Whereas the minimum and maximum prices are expected to be $0.65 and $0.80, respectively.

MATIC Coin Price Prediction December 2022

By the end of 2022, the maximum price level of Polygon might be around $0.87, and the minimum price will be around $0.70. While the average price is expected to be around $0.78.

MATIC Price Prediction 2023

According to MATIC coin price prediction 2023, the price of Polygon may have its share of hazy days. The value should sail calmly at $1.00 or max bow down to $0.8, not plummeting but playing consistently during the first half of 2023. After that, our Polygon crypto price prediction 2023 indicates that it would not be an exaggeration to find the value at $1.03.

MATIC’s future performance has been quite aggressive, leading to a very promising path. The token may grow in leaps and bounds, especially for alliances. New Partnerships would bring MATIC to the limelight, making it the center stage as a good investment option and a socially esteemed cryptocurrency.

In the process, more transactions shall be executed with every passing second, which may prove a tough challenge for crypto rivals of MATIC coin price. As per the Polygon (MATIC) price prediction, the coin will be in a better state compared to the year 2022.

MATIC Price Prediction 2024

Based on the forecast data, the Polygon price predictions project that the coin would start the year 2024 with an average price of $0.9. By the first half of 2024, the price might hit the $1.05 mark. The maximum Polygon (MATIC) price would be around $1.07 by the end of 2024, with a minimum price level of $0.9.

Polygon Price Prediction 2025

Polygon (MATIC) price would be $2.3 in the year 2025. The minimum prediction for the price is around $1.05, and the maximum predicted price of MATIC is $2.03. Our MATIC price prediction suggests the possibility that MATIC’s average price might be around $1.5 by mid-2025. If the coin attracts more investors, the Polygon crypto price might hit $2.5 by the year-end.

MATIC Coin Price Prediction 2026

Polygon is super popular with numerous projects built on it; given the advancements are maintained, we can see the MATIC price soar to the $3.0 mark, making it a new all-time high and will keep on increasing in the long term. It will be worth investing the money in MATIC. The minimum predicted price of Polygon by the end of 2026 would be around $1.8.

But surely the BULL WILL BE BACK!!

Conclusion

We expect the token to grow significantly based on MATIC coin price prediction. A major gem in MATIC crown is its ability to upgrade and innovate constantly. It has already adopted a PoS mechanism and thus has huge growth expected in the upcoming years. Based on the Polygon price prediction, the horizon is a pretty bright future for MATIC, and it does not solely bank on decentralization. Another icing on the cake is that the crypto exchange is preparing for Polygon Network IEO.

Apart from adapting to the Plasma framework, the Polygon network aims to offer off/side chain scaling solutions for blockchains. The ecosystem also aims to provide MATIC wallet, payment APIs & SDKs, products, identity solutions, and other enabling solutions facilitating developers to design, implement and migrate dApps built on base platforms like Ethereum.

The fundraising initiatives of MATIC include a seed sale round of $165K and an Early Supporter Sale of $450K that together will make up for 19% of the total token allocation.

Governments worldwide are taking measures to restore the economies, and it is set to have an influential impact on Polygon (MATIC) too. This should make MATIC an active and safe haven for investors. According to our Polygon price prediction 2030, it is expected that the coin can reach even $7.3.

All these factors and plans are surely enough to make MATIC rule the crypto world!

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FAQs

Can MATIC reach $4?

Yes! Going by the long term, the Polygon price predictions indicate that the coin can escalate above $4. MATIC coin holds the long-term earning potential for the long run. Hence, you can buy Polygon.

Is Polygon a good investment in 2022?

Surely, Polygon (MATIC) is a good investment option. According to market experts, they believe in the fast growth of the Ethereum blockchain. The Polygon price prediction indicates that the price may hike up to $0.87 from its current price of $1.3. It is also necessary that you do your own due diligence before you invest in any crypto project.

What are the new launches in MATIC kept secret?

MATIC network intends to launch the alpha version of their Polygon PoS Mainnet with working dApps before the token sale. They have four teams building their solutions on top of MATIC. One of them is a banking wallet in India, 1 in the gaming segment, 1 in referral marketing, and 1 in the ad network. There are others in the pipeline that are not yet finalized.

What will be the Polygon Price Prediction for the year 2030?

By the year 2026, the Polygon price may reach $3, and by the year 2030, the price forecast is that it may go up to $7.3. Get such latest Polygon price prediction 2030 from the world’s number one tracking website. Studying MATIC forecasts before investing can be helpful in the long term.

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What will matic be worth in 5 years?

According to Telegaon, MATIC should be worth at least $6.93 by 2025, with an average price of $7.18. The maximum price projected by the platform is $9.36. Changelly's crypto-experts believe that by the year 2030, MATIC will be trading between $22.74 and $27.07, with an average price of $23.36.

Can Matic reach $100?

In May and June of 2022, the price of MATIC has lost more than 85% since December. Since then, the price has been on the rise, but hasn't made any significant leaps. Based on these trends, it is probably unlikely for the asset to reach $100 by 2033.

What will polygon be worth in 5 years?

By 2025, our price prediction forecasts that Polygon (MATIC) could be worth $4.31.

What will be the price of Matic in 2025?

Our MATIC price prediction suggests the possibility that MATIC's average price might be around $1.5 by mid-2025. If the coin attracts more investors, the Polygon crypto price might hit $2.5 by the year-end.