MATIC Price Prediction: Is Polygon a Good Investment?

July 16, 2024

Price Prediction

Sean Korbett

Polygon (MATIC) is a Layer-2 scaling solution that’s emerged to provide faster transactions and lower costs for users. 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 Polygon overcome Ethereum? Will MATIC reach $10 and more? Discover MATIC price prediction in StealthEX’s latest article.

Polygon (MATIC) Overview

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. The name MATIC comes from an earlier stage in Polygon’s development. After launching as Matic Network in October 2017, developers rebranded as Polygon early in 2021.  

Polygon is a project founded by Jayanti Kanani, Sandeep Nailwal, and Anurag Arjun in 2017. Polygon has since secured impressive funding from various investors, including Balaji Srinivasa and billionaire Mark Cuban. Despite its Indian roots, the platform has a growing list of international backers. Jayanti Kanani, one of the co-founders, is currently serving as the CEO of Polygon. 

Polygon (MATIC) Features

Polygon offers several features within the crypto space:

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 Chart    

CoinMarketCap, July 16, 2024

Polygon 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 $0.6 in July 2021 and a high of $1.86 in November 2021. 
• 2022: Over 2022, Polygon price was down -25%. The highest price of MATIC was $1.69 and the lowest level was $0.32. Following a few partnerships, 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 $1.56, and the minimum was $0.49, with an average price of $0.84. 
• 2024: The recent crypto market spike in March has seen MATIC reach $1.27. Since then its price has dropped and at the moment hovers between $0.45 and $0.6.

MATIC Price Prediction 2024, 2025, 2030-2040

MATIC Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 MATIC coin’s price might go as high as $1.14 (+119%), while at its lowest point it can drop to $0.5202 (-11%).

PricePrediction analysts believe that in 2024 Polygon will insignificantly rise in price: coin can go as low as $0.6203 (+19%), while at its maximum MATIC will rise to $0.7046 (+35%).

Telegaon crypto experts anticipate that in 2024 MATIC can drop to a minimum of $2.13 (+309%) or hit $5.06 (+872%) as its highest price.

Polygon Price Prediction 2025

Based on forecasts of the experts at DigitalCoinPrice, in 2024, MATIC might go as high as $1.31 (+151%) per coin at its highest point. Its minimum price might go as low as $1.12 (+115%).

According to PricePrediction, in 2025 MATIC crypto will go even higher: $0.8458 (+62%) at its lowest point vs $1.08 (+107%) at its peak.

Telegaon analysts believe that in 2025 MATIC coin will reach the lowest point of $5.13 (+886%), while at its highest point it can rise to $7.19 (+1,282%).

Polygon Price Prediction 2030

DigitalCoinPrice experts believe that in 2030, Polygon crypto will continue rising in price. Based on their predictions, MATIC might go as high as $3.9 (+649%) per coin at its highest point. Its minimum price might drop to the lowest point of $3.51 (+574%).

According to PricePrediction experts, by 2030 MATIC coin will drop to a minimum of $5.23 (+905%), while at its highest point it’s going to rise to $6.22 (+1,095%).

Telegaon experts believe that MATIC will hit a maximum price of $22.34 (+4,194%) per coin, while at its bottom it can drop to $18.35 (+3,427%).

MATIC Price Prediction 2040

PricePrediction believes that by 2040, MATIC crypto is going to skyrocket and go beyond the $200 mark: $289 (+55,526%) at its low and $350 (+67,218%) per coin at its highest point.

Telegaon crypto analysts think that in 2040 Polygon will trade at a minimum of $42.6 (+8,081%). It can also soar to a maximum of $50.9 (+9,682%).

Polygon MATIC Price Prediction: What Do Experts Predict?

Generally, crypto experts believe that Polygon is relatively undervalued compared to most crypto market leaders by at least 2 times. This is mainly because Polygon has huge catalyst events coming up over the next 3 months: the Polygon AggLayer technology, the zkEVM narrative, and Polygon 2.0 tokenomics (the MATIC token will be migrated to POL token). 

In general, experts anticipate that Polygon will definitely become a more used network, while its token will ultimately rise in price: for instance, CoinMarketCap believes that by the end of 2030, MATIC is going to hit $85 at its peak.

MATIC USDT Price Technical Analysis     

Tradingview, July 16, 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.

What Does the Polygon Price Depend On?

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. Even now Polygon remains one of crypto’s most utilized blockchains, regularly ranking in the top five in most adoption metrics like transactions, wallets, daily active users, contracts deployed, etc.

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

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

Risks and Opportunities

According to many experts, Polygon is positioned for substantial growth and adoption. It’s one of the most used blockchains on the market. Polygon (MATIC), which underwent a makeover in February 2021, has shown remarkable development and adoption. The network’s widespread partnerships and integrations with significant blockchain projects have contributed to its growing popularity. MATIC has continuously shown resilience in the face of market turbulence, thanks in part to its scalability solutions and the growing need for Layer-2 protocols.

However, Polygon faces immense competition from alt-L1s like BNB Chain, Solana, and Fantom, as well as Ethereum rollup solutions like Arbitrum, Optimism, Starknet, and others. Moreover, investors considering a move into the cryptocurrency space and especially into investing in Polygon need to weigh the possible returns against the sobering reality of the market’s volatility.

Is Polygon a Good Investment in 2024?

Looking ahead, market expectations for Polygon are optimistic, driven by ongoing developments and increased adoption. Despite this, the crypto market is very volatile, and it may take a while before MATIC hits its new all-time high.

Does Polygon (MATIC) Have a Future?

As the project develops further, MATIC token can end up being a smart investment decision. In addition, Polygon collaborates with other companies to encourage adoption, highlighting the scalability of Ethereum and NFT solutions.

Can MATIC Reach $10?

It’s possible. Considering Polygon now processes transactions more than any other blockchain on EVM 5-10 times, it’s well positioned for future growth.

Can MATIC Reach $50?

It’s possible, however, in the long-term perspective. According to Telegaon, in 2040 MATIC will cost $50 at its all-time high.

Can MATIC Reach $1000?

It’s not very likely. According to PricePrediction, by 2050 MATIC will reach $462 at its peak.

What Will MATIC Be Worth in 2025?

According to PricePrediction, in 2025 MATIC will trade at $1.08 at its peak.

How High Can MATIC Go in 2030?

PricePrediction experts think that in 2030 MATIC will cost $6.22 at its maximum.

What Will MATIC Be Worth in 2040?

PricePrediction believes that in 2040 MATIC will reach $350 at its peak.

How Much Will a Polygon (MATIC) Cost in 2050?

Experts are cautiously optimistic about that. They believe that as the market expands, MATIC coin will rise in price with it.

Conclusion

The potential of Polygon (MATIC) lies in its unique ability to address Ethereum’s scalability issues, making it a vital part of the DeFi ecosystem. Its increasing number of partnerships, including those with SushiSwap, Curve Finance, and Aave, improves its acceptance and usability. Polygon’s technology puts it at the forefront of the blockchain industry thanks to its PoS consensus method and compatibility with Ethereum’s virtual machine. The network’s emphasis on developer-friendly tools and interoperability strengthens its standing and increases the likelihood of future expansion.

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.