By the end of the year, MATIC’s market cap hit a whopping $20 billion, with the altcoin touching its all-time high of $2.92 on 27 December. If you invest in Polygon today, as with any investment, a long term increase is expected. The price of MATIC could possibly rise to $9.82 within the next 10 years. Based on the rising popularity of cryptocurrency and Polygon, a long term investment in MATIC could see the price rise to $5.03 within the next 5 years. Create your account below to receive exclusive access to a wide range of trading tools such as premium Polygon price predictions, advanced MATIC buy/sell signals and much more. Polygon is expected to continue to increase over the next several years, with 2030 possibly offering a price as high as $4, but it is tough to predict a price that far out.
Consequently, moving DApps across platforms is simple for developers. Network congestion also makes the Ethereum blockchain process slower, discouraging users from engaging with smart contracts on the blockchain. At first, funds from friends and family in Mumbai helped support the venture. But, while Polygon has its roots in India, the platform continues to attract investors from all around the globe. Polygon raised over $450,000 in two rounds of startup funding in 2019.
Is this the right time to invest in Polygon (MATIC)?
If Polygon successfully boosts market sentiment among crypto enthusiasts, MATIC coin price could continue to rise for the next five years. Our Polygon price prediction 2023 forecasts that Polygon crypto is expected to trade between $1.31 and $1.74 in 2023. Up to 7000 decentralized apps are up and running on the platform, which makes it important and unlikely to tank even in a volatile market. With 10 billion MATIC tokens releasable and 7.6 billion currently in circulation, all point towards MATIC and Polygon as up-and-coming crypto with a steadier market. The MATIC market is capitalized as one of the biggest token in circulation.
Based on the price fluctuations of Polygon at the beginning of 2023, crypto experts expect the average MATIC rate of $$0.82 in June 2023. Its minimum and maximum prices can be expected at $$0.75 and at $$0.84, respectively. With this long-term horizon, Polygon will have plenty of time to prove itself. The MATIC coin will unlikely be trading at high valuations based on speculation alone. If Polygon continues to grow and be a top crypto project, this price prediction could be possible. Moreover, the scaling solutions developed by Polygon have been adopted by a number of notable companies and projects.
What Is MATIC?
The total cryptocurrency market cap peaked in November of 2021 at just under $2.9 trillion. In the same month, Bitcoin reached its highest-ever market cap of $1.22 trillion. So, if MATIC had a price of $1,000, it would be 7.6x larger than Bitcoin at its historical peak. Founded in 2013, Bitcoin Wisdom strives to provide informative and accurate bitcoin news, price predictions, investing guides and exchange reviews.
However, if it fails to keep up and grab more investors, the price may slump and reach $0.958. So MATIC price prediction plays a vital role as this crypto is highlighted. It has collaborated with many technologies and companies to build a more robust and secure network. It has recently reduced its CO2 emission to a high volume, which has helped the company gain more trust among its users. Even after The Merge, Ethereum will continue to rely on Layer 2 scaling solutions like Polygon. Companies such as Meta, Disney, and Starbucks have chosen Polygon for their NFT and Web3 projects.
How high can Polygon go?
Polygon is the second-largest network on Opensea, and Draft Kings’ commitment to establishing an NFT marketplace on Polygon illustrates high confidence in the network. All in all, strong price support at the current moment demonstrates that MATIC isn’t bucking the upward trend any time soon. Compared to its competitors, Polygon stands out clearly as a layer-2 solution to be reckoned with. Popular crypto wallets for Polygon include MetaMask and Ledger, the latter of which is a hardware wallet which can be linked to MetaMask and provide additional security. Moreover, centralized lending protocols like Celsius and Nexo also offer lucrative annualized yields on MATIC. Polygon (MATIC) can be bought on popular cryptocurrency exchanges like Coinbase and Binance.
- Unfortunately, this has brought a bit of a “throw the baby out with the bathwater” mentality, and Polygon has not escaped the overall negativity.
- Crypto analysts have checked the price fluctuations of Polygon in 2023 and in previous years, so the average MATIC rate they predict might be around $$0.88 in August 2023.
- Never invest more money than you can afford to lose, because prices can go down as well as up.
- After years of analysis of the Polygon price, crypto experts are ready to provide their MATIC cost estimation for 2031.
- Polygon is a decentralized Ethereum platform that enables developers to build better and user-friendly dApps with low transaction fees without sacrificing security.
PrimeXBT Trading Services LLC is not required to hold any financial services license or authorization in St. Vincent and the Grenadines to offer its products and services. However, it appears that they are expecting another crypto bull run in 2025, with Polygon sitting around $4. After that, within five years, https://forexarticles.net/game-development-software-engineer-careers/ they anticipate that in 2030, Polygon could be worth somewhere near $17. This is a solid prediction and should be taken as an outlier, but it would suggest that they expect another crypto bubble in a few years. Disney is joining other big-name companies partnered with the crypto platform, including Meta.
What is Polygon (MATIC)?
Polygon has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Polygon rising up to $3.86 in 2030. On the contrary, if layer-2’s are outthrown by layer-1’s, MATIC price might sink to the low of $1.5932. In such a scenario, the price of MATIC might soar to a maximum of $2.9886 by the end of 2024. The rise in sector dominance will be fruitful for the digital asset.
Over the last 7 days, Polygon has been showing bearish signs, we expect a slight recovery within the next week as investors take advantage of this dip as a good time to buy MATIC. Polygon has experienced a hard time gaining momentum over the past 7 days, down 26.39%. MATIC is showing bearish signs this week, now could be a good time to invest if you are thinking of buying Polygon. This graph contains dummy data, create an account to view the real predictions.
However, the projections are not always comprehensive, as you will see. Keep in mind that these are just experts’ projections and not necessarily the opinion of PrimeXBT. That said, MATIC is being used by such big players as Nike and J.P.
- We saw that first with the Disney Accelerator program and now with the release of a powerful new scalability solution for Ethereum.
- In fact, crypto influencers are even creating YouTube videos suggesting that it is the future of crypto.
- Polygon is tackling the issue of Ethereum scalability, which is one of the most important areas in the entire crypto ecosystem.
- The information contained herein regarding available investments is obtained from third party sources.
- Polygon was designed with specific features to combat particular issues with the Ethereum blockchain becoming overridden with data to make the transactions cheaper and faster.