Polygon (MATIC) Price Prediction 2022: Will The Coin Hit $5?

Polygon (MATIC) has been one of the handful of projects that have amassed the cryptoverse, with its utility and sprawl on the charts. Not to miss out, Polygon has also changed the perception of the masses around layer-2 protocols. The network has now set up a benchmark for emerging layer-2 protocols. 

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Its native token MATIC is an Ethereum token that powers the Polygon Network. MATIC has portrayed impressive price runs in the recent past. And boasts an astonishing ROI of 13144.93%. Wondering if you should consider MATIC for your next shopping spree? This price prediction pins the feasible targets for 2022 and the years to come!

Overview

Polygon (MATIC) Price Prediction For 2022

  MATIC initiated the trade for 2022 with a price tag of $2.503. The altcoin saw a fall to $1.913 in the very first week of the year. After a short-term retracement to $2.452 by the 18th of January. The asset slid down to its first cycle bottom at $1.313, on the 24th of January. 

After a series of moving sideways until the first week of February, MATIC’s price spiked to $2.096 on February 7th. This was again short-lived, as the tensity in the business, led to a downswing. That said, MATIC’s price had been ranging closer to its crucial support levels and had closed its trade for Q1 at $1.6958.

The second quarter has been ravaging for MATIC, like any other cryptocurrency in the business. The aggravating bearish trends supplemented by the insolvency crisis of major players have left the industry at the bottom. The altcoin is presently down an astonishing 64% since the start of the second quarter. 

MATIC Price Prediction For Q3

MATIC initiating the third quarter on a bullish note will bring the much-needed impetus for the formation of higher highs. If the initiatives such as burn mechanisms and zk-Rollups, bear fruits, the price could soar to its potential high of $0.804. If the bears out-weigh the bulls, the price could land at $0.5019. That said, average trade would leave the price at $0.665.

MATIC Price Forecast For Q4

  If the native asset of the layer-2 protocol commences the final leg with optimism. The price of MATIC with sentimental impetus could spike to $1.073 by the end of 2022. Whilst usual buying and selling pressures would limit the price to $0.893. If users seek newer layer-1s over the Polygon network, the price could fall to $0.689. 

Polygon Price Prediction For 2023

 If MATIC price seeks impetus from the growing adoptions and developments in the protocol. The price could close the yearly trade for 2023, with a potential high of $1.686. That said, the digital asset could trade with a regular price tag of $1.334 if not much impetus is received. If the network sees lesser adoption and activity owing to ETH 2.0, the price could fall to $0.983.

Projection Of MATIC For 2024

  Polygon being one of the prominent layer-2 protocols, the rise in dominance of the sector will be fruitful for the digital asset. It might possibly lead the space at the forefront, with its fundamental strengths. In such a scenario, the price of MATIC might soar to a maximum of $2.589 by the end of 2024. On the contrary, if layer-2’s are outthrown by layer-1’s, MATIC might sink to the lows of $1.522. 

Price Trajectory For 2025

By the end of 2025, Matic could hit a new high by breaking its previous price records. And it is anticipated to be in the top 10 cryptocurrencies list. Several inbound developments and partnerships might lead to its growth. If the network can further work on TPS, it might eventually aid ETH holders and propel the price to $3.457. 

However, if the bears go on pulling the prices down due to a possible market crash or any external controversies. As a result, the price might fall to $2.36 By the end of 2025. That said, on a positive note, Matic could be seen trading at $4.394. With its improved scalability and layer-2 blockchain’s long-term success.

What Does The Market Say?

Wallet Investor

Wallet Investor pins a bearish outlook for MATIC price prediction. The analysts from the firm expect 2022 to close trade with a potential high of $0.0424. The minimum and regular levels are expected to fall at $0.0141 and $0.0283 respectively. The firm expects MATIC to reach regular levels of $0.0285 and $0.0217, by the end of 2023 and 2025.

Trading Beasts

 Trading Beasts, expects MATIC to portray a subtle projection in the long term. The firm expects MATIC to close the annual trade for 2022 with a regular price of $0.669. Trading Beasts forecasts 2023 and 2025 to close the trade at a potential high of $0.779 and $1.335 respectively.

Digital Coin Price

According to the firm’s Polygon price prediction. MATIC is anticipated to close its trade in 2022 with an average price of $0.78. The firm expects MATIC to close the current year, with minimum and maximum targets of $0.73 and $83. That said, the analysts predict the average closing price tags for 2023 and 2025 at $0.9 and $1.12.  

Click here to read our in-depth price prediction of Solana (SOL).

What is Polygon (MATIC) Token?

An Indian-based crypto platform founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun tackles some specific scalability issues. And increases transaction speeds along with network scalability.

The Matic Network aims to solve the scalability issues the Ethereum blockchain deals with. In February 2021, the platform rebranded to the Polygon network, with some technological upgrades and a broader objective.

Fundamental Analysis

The network works on a Proof-of-Stake consensus and possesses a sidechain of the mechanism and a group of validators. These validators promise to increase the “TPS”, thereby also reducing transaction charges. The network works on a Plasma framework that exceptionally resolves scalability issues, thus preventing network congestion.

Matic Network is a layer-2 scaling platform that facilitates fast and secures off-chain transactions for payments and generalized off-chain smart contracts. It is a scaling solution for the Ethereum network and allows Ethereum-based transactions to be processed quickly using innovative protocols.

The protocol employs the plasma frame to develop decentralized applications (DApps). Adding to it, the network is also looking forward to creating desktop wallets and browser extensions. Plasma is a specific framework for easily creating DApps that can interact seamlessly with each other.  Moreover, the PoS checkpoints aid multiple transactions occurring on a single side chain.

Our MATIC Price Prediction

The community might collaborate with certain other projects and startups for the betterment of the protocol. As Matic comprises unique features such as scalability, and security it may enhance its user base. With further interventions, the price can soar during the congestion that happens on Ethereum.

Therefore, according to Coinpedia’s formulated MATIC price prediction. New investors switch and the favouring market trends for MATIC can result in reaching new milestones. Consequently, the altcoin can hit $1.05 as the year ends. However, if it fails to keep up and grab more investors the price may slump and reach $0.7. 

Historic Market Sentiments

2019

• Polygon network had initiated its journey in the crypto space on the 29th of April with MATIC’s price at $0.004. 
• With certain variations mid-way, the price shot up to $0.03 by May-end but fell to $0.01 by early June. 
• After remaining stagnant at the $0.02 level until July end, the token plunged to $0.01 by early August. 
• MATIC price spiked to $0.04 by early December but slipped down to close the year at $0.014. 

2020

• Matic continued to trade at $0.014 until the dawn of January 2020.
• Post variations the price rose to $0.02 in February but sank to $0.006 by mid-March amidst the Covid-19 crash.
•  Following recovery, the altcoin hit $0.031 by mid-August but slipped down to $0.017 by the end of the year. 

2021

• The trade for 2021 commenced with a price tag of $0.018 and surged to $0.043 by the end of January.
• MATIC surprisingly reached an all-time high of $2.45 on the 12th of March.
• The euphoria was short-lived, as the infamous crash from May. Dragged the price down to $0.69 by the 20th of July. 
• The price of MATIC rose to $1.669 by the 23rd of August. And surpassed the resistance at $1.79 by September 5th. 
•  After a downswing, the month of October was closed at $1.953.
• The altcoin hit its ATH of $2.92 on December 27th but closed the year at $2.479.

To read our in-depth price forecast of XRP click here!

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