Polygon (MATIC) has been one of the handful 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 crowd around layer-2 protocols. The network has now set-up a touchstone for emerging layer-2 protocols.
Its native token MATIC is an ERC-20 token that powers the Polygon Network. MATIC has portrayed impressive price runs in the recent past. And boasts an astonishing ROI of 19474.25%. Wondering if you should consider MATIC for your next shopping spree? This MATIC price prediction pins the feasible targets for 2022 and the years to come!
|Market cap||$ 6,796,893,321.0000|
|Trading Volume||$ 418,930,757.0000|
|All-time high||$ 2.9200 Dec 27, 2021|
|All-time low||$ 0.0031 May 10, 2019|
|Year||Potential Low||Average Price||Potential High|
MATIC had 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 after a healthy rebound is presently down 45% down from the peak of Q2.
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 $1.195. If the bears out-weigh the bulls, the price could land at $0.844. That said, average trade would leave the price at $1.005.
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 $1.442 by the end of 2022. Whilst usual buying and selling pressures would limit the price to $1.203. If users seek newer layer-1s over the Polygon network, the price could fall to $1.040.
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 $2.378. That said, the digital asset could trade with a regular price tag of $1.715 if not much impetus is received. If the network sees lesser adoption and activity owing to ETH 2.0, the price could fall to $1.290.
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 $3.637 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 $1.910. Successively, an equilibrium in buying and selling pressures could land the price at $2.623.
By the end of 2025, MATIC 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, and give impetus to its PoS chain addresses. It might eventually aid ETH holders and propel the price to $5.482. That said as per Polyscan, while the active PoS chain addresses have come a long way on the higher time frame.
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 $2.908 by the end of 2025. That said, on a positive note, with its improved scalability and layer-2 blockchain’s long-term success, MATIC could be seen trading at $3.899.
The website pins a linear outlook for the MATIC price prediction. The analysts from the firm expect 2022 to close trade with a potential high of $0.86. The minimum and regular levels are expected to fall at $0.75 and $0.77 respectively. The firm also hosts the forecast for the long term. Accordingly, MATIC is foreseen to surge as high as $2.65.
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 $1.025. Successively, the minimum and maximum targets are set at $0.871 and $1.282. Trading Beasts forecasts 2023 and 2025 to close the trade at a potential high of $0.916 and $1.613 respectively.
According to the Polygon price prediction by Digital Coin Price. MATIC is anticipated to close its trade for 2022 with an average price of $1.15. The firm expects MATIC to close the current year, with minimum and maximum targets of $1.08 and $1.15. That said, the analysts also hold the Polygon price prediction for the long term. They predict the average closing price tags for 2023 and 2025 at $1.33 and $1.66.
Click here to read our in-depth price prediction of Solana (SOL).
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.
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. Which 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.
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 $1.5 as the year ends. However, if it fails to keep up and grab more investors the price may slump and reach $1.03.
To read our in-depth price forecast of XRP click here!
A: Yes, MATIC is a profitable investment, the digital asset should be under due consideration for the long term.
A: According to our MATIC price prediction, the altcoin could possibly reach a maximum of $5.482 by the end of 2025.
A: MATIC price could possibly close its trade for 2022, with a pricier tag of $1.449.
A: While it is not a direct apples-to-apples comparison, as one is a layer-2 and the other is a layer-1. Polygon currently stands stout with its robust network.
A: Polygon’s MATIC is available for trade across prominent cryptocurrency exchange platforms such as Binance, Coinbase, and Kraken, amongst others.
Compared to Bitcoin, the altcoins are performing excellent. An analyst, pseudonymously known as InvestAnswers’s host,…
Bitcoin, Ethereum and other altcoins have witnessed a massive gain over the last 24hrs, causing…
Yesterday it was reported that Ethereum has surpassed Bitcoin in terms of performance. Now the…
Ethereum price has gained immense bullish momentum with the successful launch of the Goerli testnet.…
A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations…
It has been a tumultuous time for Bitcoin, what with the constant chaos in the…