MATIC Price Prediction: Is Polygon a Good Investment?

April 18, 2024

Price Prediction

Sean Korbett

Founded in 2017, Polygon (MATIC) is a relatively popular crypto that regularly ranks among the top 15 cryptocurrencies by market capitalization. It remains one of the strongest Ethereum competitors, mostly due to its better scalability and lower fees. At the same time, its native token, MATIC, costs very little and could be seen as a prospective investment. Will its price rise? How high can Polygon go? Discover MATIC price prediction in StealthEX’s latest article.

Polygon (MATIC) Overview

In the world of crypto, the goal of Polygon, a scaling solution originally known as the Matic Network, is to offer a variety of solutions to enhance transaction speed and lower costs and complexity on blockchain networks. Polygon describes itself as a Layer-2 network, which means that it functions as an extension layer for Ethereum rather than trying to alter the original blockchain layer. Polygon, like its geometric namesake, is multifaceted, multipurpose, and offers a less complicated structure for creating interconnected networks.

Polygon kept its MATIC cryptocurrency, which is the digital asset that powers the network, after rebranding. MATIC is used as the unit of payment and settlement between participants who interact within the network. 

Originally named the Matic Network, Polygon was developed in India in 2017. It was the idea of seasoned Ethereum developers Mihailo Bjelic, Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.

Polygon Features

MATIC offers a number of features within the crypto space. These are:

1. Plasma Chains. Bundles transactions into blocks, batched into a single submission on the Ethereum blockchain.
2. zk-Rollups. These allow multiple transfers to be bundled into a single transaction.
3. Optimistic Rollups. Similar to Plasma Chains, but with the capability of also scaling Ethereum smart contracts.
4. Powering dApps. Many dApps built on Polygon use MATIC for various functionalities within the application.
5. Staking. People can lock up their MATIC tokens for a set period. This act of staking helps secure the Polygon network. By locking their tokens, users become validators responsible for verifying transactions on the network. In return for contributing to the network’s security, stakers earn rewards in the form of more MATIC.

MATIC Price History Highlights 

• 2017-2019: MATIC’s initial price was $0.0026, which remained relatively stable for several years. 
• 2020: In 2020, MATIC’s price began to rise.
• 2021: MATIC’s price reached an all-time high of $2.62 in May 2021. Then, the price started fluctuating, with a low of $0.60 in July 2021 and a high of $1.86 in November 2021. 
• 2022: Over 2022, Polygon price was down -25.36%. The highest price of MATIC was $1.69 and the lowest level was $0.32. Following the announcement by Robinhood of a partnership with Polygon, the token began to recover. It then collaborated on NFTs with Meta. As a result, on November 7, the MATIC price peaked at $1.29, and on November 21, 2022, it dropped to a low of $0.773 due to the collapse of the FTX exchange. Finally, MATIC closed 2022 at about $0.76.
• 2023: In the most recent years, 2023 and 2024, MATIC’s price dynamics show a trend of stabilization and mature market presence. In 2023, the maximum price was $1.5591, and the minimum was $0.4946, with an average price of $0.8435. 
• 2024: At the moment, MATIC token costs $0.67.

Polygon Coin Price Chart

CoinMarketCap, 18 April 2024

MATIC Price Prediction

Polygon Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 MATIC’s price might rise. According to their estimations, MATIC coin’s price might go as low as $0.6 (-10%), while at its peak it can reach $1.49 (+122%).

PricePrediction crypto analysts believe that MATIC coin is not going to do as good this year: its minimum price level is expected to be $0.8751 (+30%), while at its maximum MATIC might rise to $0.000033 (+56%).

Telegaon crypto experts think that in 2024 MATIC will make really impressive progress in terms of price and might even beat its all-time high: even at its lowest point it will cost as much as $2.13 (+218%), while at its peak it can climb as high as $5.06 (+655%).

MATIC Price Prediction 2025

Based on the experts’ forecasts at DigitalCoinPrice, in 2025, MATIC is going to continue rising in price: it can go as high as $1.71 (+155%), while at its lowest it can drop to $1.45 (+116%). 

PricePrediction experts think that in 2025 MATIC might reach $1.49 (+122%) per coin at its highest point. Its lowest price might drop to $1.3 (+94%).

Telegaon analysts expect that the minimum price for MATIC this year is going to drop down to $5.13 (+666%), while at its highest point it can rise to $7.19 (+973%).

Polygon Price Prediction 2030

DigitalCoinPrice analysts think that by 2030 MATIC coin is going to make good progress: it’s expected to rise to a maximum level of $5.08 (+658%), while its minimum price will drop to $4.57 (+582%).

According to PricePrediction, by 2030, MATIC is going to rise in price considerably: $8.28 (+1,136%) at its lowest price level vs $10.09 (+1,407%) at its highest point.

According to Telegaon forecasts, in 2030 MATIC is going to skyrocket: is going to either drop to $18.35 (+2,640%) at its low or hit $22.34 (+3,236%) at its peak.

Polygon MATIC Price Prediction: Experts’ Opinions

Analysts think that Polygon’s future in the cryptocurrency field may be bright. Polygon seeks to overcome the scalability problems that many other cryptocurrencies encounter with its scalable and effective blockchain solution. Because of its Layer-2 scalability solution, customers and developers find it appealing: with its help, transactions can be completed more quickly and affordably. Polygon has also partnered on a number of projects and exchanges, which increases its growth potential even further. 

In general, experts anticipate that Matic will enjoy greater uptake and continue to gain momentum in the upcoming years. Many experts believe that, though MATIC won’t hit a major break in price, it will continue rising gradually: for instance, CryptoNewsz believes that by the end of 2030, MATIC coin is going to hit $10.95 at its peak.

MATIC USDT Price Technical Analysis     

Tradingview, April 18, 2024

Now that we’ve seen possible price predictions for MATIC, let’s find out a bit more about the factors that can influence its price.

Factors Affecting Polygon Coin Price

Like most cryptocurrencies, MATIC is influenced by overall market trends. If Bitcoin and other major cryptocurrencies are doing well, this often creates positive sentiment that boosts MATIC’s price. 

The price of MATIC is also heavily influenced by its technological developments. When Polygon’s network gets upgraded for speed, security, or new features, it becomes more attractive to developers and users. This increased demand for Polygon can lead to a higher price for MATIC.

Moreover, the more popular dApps built on Polygon become, the more demand for MATIC to use them. Think of dApps as games, marketplaces, or financial tools that run on the blockchain.

When assessing MATIC coin as an investment, keep the following considerations in mind:

• Overall market state;
• Growth of dApps;
• Technological developments;
• Broader market trends;
• Partnerships;
• Competition;
• User growth;
• Supply and demand;
• Regulatory developments.

Risks and Opportunities

There is a lot of promise for Polygon. It addresses Ethereum’s bottlenecks and facilitates the flourishing dApp, NFT, and gaming industries. Polygon is an attractive asset to invest in because of its qualities.

Nonetheless, like in the case with all other cryptocurrencies, there has been fluctuation in the price of MATIC. The Polygon network’s technological advancements, investor mood, and general market trends all have an impact on this volatility. For instance, MATIC prices usually rise during a bull run in the cryptocurrency market as a result of heightened investor interest. On the other hand, bear market conditions frequently cause investors to become cautious and retreat from riskier assets, which lowers the price of Polygon coin.

Is Polygon (MATIC) Coin a Good Investment?

MATIC token may prove to be a wise investment choice in the future as the project continues developing. Furthermore, Polygon works with several businesses to promote adoption, emphasizing Ethereum scalability and NFT solutions. Collaborations to create NFT offerings include those with Adidas, Prada, Disney, and Starbucks for an NFT loyalty program.

What Will MATIC Be Worth in 2025?

According to Telegaon, it can go as high as $7.19.

What Is the Price Prediction for MATIC in 2050?

If we are to believe experts at PricePrediction, by the year 2050, MATIC is going to cost a whopping $901.82 per coin.

Can Polygon Reach $1000?

If Polygon had a market capitalization of $10 trillion with a price level reaching $1,000, it would be more valuable than the world’s 5 most valuable companies combined. This is an extremely unlikely scenario. The only feasible way for Polygon to reach $1,000 would be a redenomination of the MATIC token.

How High Can Polygon Go?

It is possible that the token will rise in price considerably, however, most likely in the long-term perspective. Experts name $100 and even $500 by 2040.

Conclusion

MATIC remains a strong and solid network that aims to tackle several problems that modern blockchains currently have. Polygon has been gaining traction in the DeFi space, with many decentralized exchanges, lending platforms, and other DeFi applications migrating to Polygon. The increasing number of DeFi projects migrating to Polygon and the rising demand for MATIC could drive up the price in the future. Additionally, the network’s scalability, fast transaction times, and low fees make it an attractive option for users and developers, which could further increase demand for MATIC.

Where and How to Buy MATIC Coin?

StealthEX is here to help you buy MATIC coin in case you made up your mind. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange. For instance, ETH to MATIC.
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.