Polygon (MATIC) Price Prediction – 2024, 2025 – 2030

Polygon (MATIC) Overview

🪙 Cryptocurrency Polygon
💱 Ticker Symbol MATIC
🏆 Rank 100
💸 Market Cap $1,350,125,203
💲 Price $0.690749
🚀 Trading Volume $21,373,391
📈 Price Change (24h) -2.50%
💰 Current Supply 1,954,582,868
  • Bullish Polygon (MATIC) price predictions range between $4.14 and $4.49 by 2030.
  • Market analysts believe MATIC could reach $1.73 by 2025.
  • Bearish Polygon market price prediction for 2024 is $0.552599.

Polygon (MATIC) Introduction

Polygon is designed to be a scaling solution for the multi-faceted nature of blockchain networks. It aims to unify and streamline the operation on blockchain networks, allowing them to work simultaneously, improve the speed and reduce time and costs. 

The extreme amount of traffic and congestion on the operations of Ethereum have led its decentralized application system to become virtually unusable, with low throughput and technical glitches, which is what Polygon aims to correct. 

Since its launch, Polygon has attracted 130 million users, hosted 3.4 billion transactions, and assisted in the development of 20,000 applications. In this guide, we introduce Polygon’s workings and features, give its price predictions based on technical and fundamental analysis and explore whether it is a worthwhile investment.

What is Polygon (MATIC)?

To prevent the clogging of Ethereum’s decentralized application systems and the rising costs associated with said congestion, Polygon is a layer-2 network that doesn’t alter Ethereum’s blockchain in any way and, in fact, operates simultaneously as a layer. 

It operates with a number of networks, and has many uses, hence the name polygon- a simplification mechanism for the complex Ethereum blockchain. It solves and prevents the blockages likely to occur on the Ethereum blockchain given the data traffic and is also equipped with better security systems.

MATIC is the unit of payment between participants who use the Polygon network, a branding it retained as the digital coin of the network.

Polygon (MATIC) Technical Analysis

The software development kit (SDK) of Polygon is designed to build side chains that can operate in liaison with the main Ethereum blockchain. The main chain that Polygon operates on is a Proof of Stake (PoS) sidechain where network users can vote on upgrades and stake MATIC tokens. The side chains employ scalability methods, which are: 

  • Plasma Chains, which fuse transactions into blocks and then accumulate them into a single submission on the Ethereum blockchain.
  • Optimistic Rollups, which can scale Ethereum smart contracts
  • Zk-Rollups- which combine multiple transfers into a single transfer.

Polygon (MATIC) Fundamental Analysis

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. The side chains are finalized on the Ethereum mainchain while the operations happen separately, simultaneously, and are collectivized into the main chain. The public sidechain is compatible with a number of protocols. The features enable multi-chain transactions at a lower cost, taking less time and enabling more users on the network to benefit from a seamless user interface.

To serve as scaling solutions, Polygon has introduced four schemes. Firstly, Polygon PoS, which saves costs, increases operational speed in its role as a Layer 2 solution. The Polygon Hermez scaling solution gives users the option to add their own features on their own sidechain, which they can then assimilate with the larger blockchain. 

This is a great option for users wanting to become more hands-on with their operations. Lastly, Polygon Nightfall is designed to lower the compromise on privacy and security on blockchains and focuses primarily on this sector of transaction solutions.

It doesn’t stop there with the development of Polygon, as other scaling solutions are in the works. Polygon Zero is a different scaling solution from other zero-knowledge scaling solutions and has all the essential features of a layer 2 solution. 

Polygon Avail targets off-chains and standalone chains, while Polygon Miden is another layer 2 scaling solution that uses the developing field of zero-knowledge to combine thousands of transactions and decrease data traffic along the ETH chain. 

Polygon (MATIC) Current Price

Polygon is currently worth $0.690749 USD. MATIC has moved -2.50% in the last 24 hours with a trading volume of $21,373,391. Polygon is currently ranked 100 amongst all cryptocurrencies with a market capitalization of $1,350,125,203 USD.


Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Polygon (MATIC) to decide wether it is going to have a bullish or bearish year.

Polygon (MATIC) Price Predictions

Since its relaunch in 2021 with new features, Polygon’s value increased by a substantial 2,236% in 2 months since the relaunch. While the price oscillates substantially, recent trends have shown that Polygon is holding its ground with increases in value by up to 86% each month following temporary drops in price.

Year Minimum Price Average Price Maximum Price
2024 $0.828898 $0.967048 $1.04
2025 $1.38 $1.52 $1.73
2026 $2.07 $2.21 $2.42
2027 $2.76 $2.90 $3.11
2028 $3.45 $3.59 $3.80
2029 $4.14 $4.28 $4.49
2030 $4.84 $4.97 $5.18
2031 $5.53 $5.66 $5.87
2032 $6.22 $6.49 $6.77

Our price prediction forecasts use real-time Polygon (MATIC) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

Polygon (MATIC) Price Prediction 2024

Polygon, according to some, is one of the most amazing cryptocurrencies to rise this year (MATIC). The MATIC price forecast for 2024 anticipates a significant increase in the year’s second half, possibly reaching $1.04.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.967048 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. MATIC is expected to have a minimum value of $0.828898.

Polygon (MATIC) Price Prediction 2025

In 2025, Polygon MATIC price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of MATIC will soon surpass $1.73. However, we should wait to see if the MATIC’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, MATIC will trade with a minimum trading price of $1.38 and an average trading price of $1.52.

Polygon (MATIC) Price Prediction 2026

If the upward trend continues until 2026, it could reach $2.42 and MATIC may profit. If the market experiences a decline, the goal may not be met. MATIC is expected to trade at an average price of $2.21 and a low of $2.07 in 2026.

Polygon (MATIC) Price Prediction 2027

If Polygon successfully boosts market sentiment among cryptocurrency enthusiasts, the MATIC coin price could remain stable for the next five years.

According to our projections, MATIC will be green in 2027. The MATIC is expected to reach and surpass its all-time high in 2027. In 2027, the virtual currency will be worth $3.11, with a minimum price of $2.76 and an average price of $2.90.

Polygon (MATIC) Price Prediction 2028

After some extensive forecasting and technical analysis, we estimate the MATIC price is expected to cross an average price level of $3.59 by 2028, with a minimum price of $3.45 expected before the end of the year. Furthermore, MATIC has a maximum price value of $3.80.

Polygon (MATIC) Price Prediction 2029

Due to the future partnerships that are expected to happen by 2029, we are expecting that a bullish trend will continue, bringing the average price to around $4.28. If MATIC manages to break the resistant level in 2029, we could see a maximum price of $4.49, failing to gather the support MATIC needs by 2029 could result in a low of $4.14.

Polygon (MATIC) Price Prediction 2030

While MATIC is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $4.84 and a yearly price close above $5.18 in 2030.

Polygon (MATIC) Price Prediction 2031

By 2031, Polygon will finally surpass its previous ATH values and record new price levels. The minimum price could be $5.53 and potentially reach a maximum price value of $5.87, averaging out at $5.66.

Polygon (MATIC) Price Prediction 2032

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2032, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum MATIC price in 2032 is projected to be $6.77 in the event of a bull run, with an average price level of $6.49.

Conclusion

As of right now, Polygon is a worthwhile investment because it is on a hiring spree during a cryptocurrency bear market, which is not the case with other cryptos at all, which are laying off their services and staff. Notably, major brands such as Prada, Dolce & Gabbana, Adidas, Adobe, Meta, and other business giants have launched their operations on Polygon in recognition of its superior model. 

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.

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FAQ

What is the Polygon (MATIC) price today?

Today, Polygon (MATIC) is trading at $0.690749 with a total market capitalization of $1,350,125,203.

Is Polygon a good investment?

Polygon proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that MATIC is a good choice of investment.

How high can Polygon go?

The average price of Polygon (MATIC) can possibly reach $0.967048 this year. Over the next 5 years, it is projected that Polygon may surpass $4.49.

How much will Polygon be worth in 5 years?

Based on the rising popularity of cryptocurrency and Polygon, a long term investment in MATIC could see the price rise to $4.49 within the next 5 years.

How much will Polygon be worth in 10 years?

If you invest in Polygon today, as with any investment, a long term increase is expected. The price of MATIC could possibly rise to $8.77 within the next 10 years.

What will the Polygon price be in 2024?

Polygon (MATIC) price is expected to reach $1.73 by 2024.

What will the Polygon price be in 2025?

Polygon (MATIC) price is expected to reach $2.42 by 2025.

What will the Polygon price be in 2026?

Polygon (MATIC) price is expected to reach $3.11 by 2026.

What will the Polygon price be in 2027?

Polygon (MATIC) price is expected to reach $3.80 by 2027.

What will the Polygon price be in 2028?

Polygon (MATIC) price is expected to reach $4.49 by 2028.

What will the Polygon price be in 2029?

Polygon (MATIC) price is expected to reach $5.18 by 2029.

What will the Polygon price be in 2030?

Polygon (MATIC) price is expected to reach $5.87 by 2030.

What will the Polygon price be in 2031?

Polygon (MATIC) price is expected to reach $6.77 by 2031.

Jason Conor
Jason Conor Verified

Editor-in-Chief of the BitcoinWisdom site, I'm responsible for ensuring all the content on our website is accurate, relevant, and helpful. I am a cryptocurrency advocate and I have been following the crypto space since early 2012. I have written extensively about Bitcoin and my work has appeared in some of the most respected publications.

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