Polygon Price Prediction: Will MATIC Price Toss To $5 Soon?

Polygon Network is an emerging cryptocurrency working on a scalability blockchain platform. Its native token MATIC is an Ethereum token that powers the Polygon Network.

Polygon has strong fundamentals and interesting use cases, which is why traders are optimistic about Polygon price predictions. Even if you don’t HODL MATIC token, you should take a look at this article — you might end up buying after this.

Matic coin price has been seeing great surges in the price predictions this year. But was this the same since the token came into existence? Wondering if your next investment must be in MATIC?

If yes, let’s have a quick walk to MATIC Price Prediction 2022 and beyond!

Overview

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 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. It allows Ethereum based transactions to be processed quickly using innovative protocols.

It 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 along with DApps. Plasma is a specific framework for easily creating decentralized applications that can interact seamlessly with each other.  Moreover, the PoS checkpoints aid multiple transactions occurring on a single side chain.

MATIC Price Prediction 2021

Matic continued to trade at $0.0018 by early January 2021. Further, the price started to rise and hit $0.043 by the end of January.  MATIC surprisingly reached an all-time high of $2.45 on 12th March and rallied further. The token was seen performing well. 

But no sooner did the Crypto market crash on May 19th, pushing most currencies off the bearish trend. MATIC was one among them where it fell from $2.45 to  $0.6901 on 20th July 2021.  The price hovered around $0.8 for a month. In the month of August, the price showing uptrend hit $1.62. 

polygon crypto price for Q4: The polygon network has a dedicated team of 1200 who develop projects for the platform. As a number of collaborations and upgrades are in the pipeline the Matic price is expected to take a leg up to $3 to $3.5. The altcoin might flip to a major support level around $1.78 if bears take over the market. With Average buy and sell pressures the price could end up trading around $2.78 by the year’s end.

Also read: Cardano Price Prediction, Evolutions to make ADA mark at $5?

MATIC Price Prediction 2022

If the price hits the positive highs by the year-end, the 2022 trade might commence bullish. If that’s the case, the initial price for the coming year might be near $2.9983. On the contrary, if MATIC closes this year on lows, then the next year might start being bearish. And so, it may resume trading at $1.22 by 2022.

Some critics within the crypto space believe that the Polygon price is interconnected to that of Ethereum. And thereby considering Ethereum’s adepts, MATIC can reach a high of $5.008 as of 2022 end. The token might decline to $2.915 if the currency comes across supply pressure. But by the end of 2022, the altcoin may exchange at $3.687 with regular market pressures. 

Polygon Price Prediction 2025

In 5 years, 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, that might eventually aid ETH holders and cause the price to surge at $10.941. 

However, the token might crash if bears go on pulling the prices down due to a possible market crash or any external controversies against Ethereum. As a result, The price might fall to $8.511 By the end of 5 years, Matic could be seen trading at $12.241  with its improved scalability and layer-2 blockchain’s long-term success.

MATIC Market Prediction

Walletinvestor:

Walletinvestor made a bullish prediction for Polygon. They expect up to two-digit growth prices in the upcoming years. For the year 2022, they predict that the Matic price may reach a maximum of $4.061 by the end of 2021. They hope that the coin price will easily surpass the $8.52 benchmark and reach a value of $9.565 by the end of 2025.

Gov.capital

According to Gov.capital, Matic would trade around $4.355 by the end of 2022 and $9.58 at the end of 2025.

DigitalCoinPrice

According to DigitalCoinPrice, Matic is anticipated to trade at $2.89 by 2021. The altcoin could trade at an average of $4.21 by the end of 2023 and could exchange at $6.03 at the end of 2025.

Capital.com

Capital.com predicts one of the interesting predictions as according to their prediction, Matic could exchange more than $5.5 at the end of 2025, and would be trading more than $9.41 by the end of 2028.

Our MATIC Price Prediction

With a price of $0.0018, Matic initiated the year 2021. Further, the price started to rise. The community might collaborate with certain other projects and startups for the betterment of the protocol. As Matic comprises unique features such as scalability, the 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 favoring market trends for MATIC can result in reaching new milestones. Consequently, the altcoin can hit $2.92 as the year ends.

However, if it fails to keep up and grab more investors the price may even slump and reach a low of $1.22. It is because due to a high market cap, the overvalue of assets may happen at any time.

Polygon Matic Historic Price Sentiments

2019

Matic network initiated its journey on the crypto sphere on 29 April 2019 with a price of $0.004. The token steadily started to rise after. With certain variations, the price hit a high of $0.03 by the end of May and further declined to $0.01 by early June. Later, the token continued to remain stable at a price of $0.02 till the end of July. 

Interestingly, the token plunged to $0.01 by early August and resumed to be in the same price level with minor variations until November. Effectively, Matic spiked to $0.04 by early December as it gained the attention of the investors. Tremendously, the token declined to $0.01 by mid-December. At the end of 2019 Matic was trading at $0.014. 

2020

On a bearish note, the Matic continued to trade at $0.014 during the dawn of January 2020. Later, the price started to variate and reached $0.02 by February. Dramatically, the token sank to $0.006 by mid-March as the crypto market crashed due to the Covid-19 outbreak. Further, the price started to recover and reclaimed its resistance level at $0.025 by the end of May. Further, the token hit $0.031 by mid-August and plunged to $0.012 during the start of November. At the end of December 2020, Matic was exchanging at $0.017.

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