Polygon Price Prediction 2023-2031

• Polygon Price Prediction 2023 – up to $1.65
• Polygon Price Prediction 2025 – up to $3.39
• Polygon Price Prediction 2028 – up to $10.53
• Polygon Price Prediction 2031 – up to $34.07

In November’s Polygon price prediction, we reiterated, MATIC’s bull run is long overdue. Are you hoping for more of the same spikes as December 2022 closes? Why not? Even Fed Reserve Chair Jerome Powell believes bullish prices are transitory, so better be there when that happens. for MATIC. This is not investment advice, but intelligent information.

A study of the most recent price movement reveals that the coin is positioned for tremendous growth and might be an attractive investment opportunity for active and strategic investors.

Cryptopolitan

J.P Morgan Chase, the world’s most extensive bank, completed its first “LIVE” trade-in DeFi by working with the Monetary Authority of Singapore–all thanks to Polygon. This is evidently a groundbreaking event that alludes to traditional finance institutions gradually adapting Web3 technology. Why not? Successive developments of the Polygon network have firmly set its upward direction.

It’s time to wake up and smell the coffee ☕☀️@Starbucks Odyssey Beta is LIVE #onPolygon.
👉🏼The journey begins this week for a limited number of members.

Get a sneak peak 👀 at the exclusive, #Web3-powered experience ✨👇🏿https://t.co/Rc915hibPi pic.twitter.com/rDrfFQDaUC

— Polygon – MATIC 💜 (@0xPolygon) December 8, 2022

Customers can now convert fiat currency to cryptocurrency and deposit the new currency in their Polygon or Solana wallet. Coinbase is adding MATIC and SOL to their listings, which are the native currencies of Polygon and Solana. With this Polygon price prediction, there’s a high chance you might become interested in the coin as an addition to your portfolio. This was already highlighted last month by Forbes in November.

MATIC, the native token to Polygon, is today’s top performer according to the. MATIC is trading at 69 cents, up 20% over the last day, at its highest level in a month.

Forbes Digital Assets 

The token also climbed above its 50-day exponential moving average. Polygon’s joining Disney’s accelerator program to develop augmented reality, non-fungible token (NFT), and artificial intelligence experiences might have kindled the interest in MATIC. Is there a chance of the token going past $1?

Previously, Polygon (MATIC)‘s support of carbon neutrality apparently impressed environment-conscious users and led to the demand for MATIC, leading the price up by 30%. Resistance is expected at around the $0.73 level.

In an official blog post, Polygon explains how they were able to retire $400,000 of carbon credits that offset the entirety of CO2 debt accumulated by the network since inception.

Polygon is always on the forefront of green business. They lead their industry by converting to carbon neutrality and moving towards becoming a net positive for the environment.

Sandeep Nailwal, Polygon Co-founder

Important news around the Polygon Network at the start of this year is the launch of a photography NFT platform that will be deployed through the Polygon blockchain. The platform is the product of the Associated Press and aims to enable collectors to purchase and trade tokenized photographs from global news. AP’s goal is to cover subjects in climate change, space, and war through photojournalism.

The outlook for the coin looks more positive after the news that Polygon had raised a $450m war chest through a private sale of its native MATIC token to advance the mass adoption and its own position in Web3.

Today’s Polygon price is $0.891445 with a 24-hour trading volume of $149,098,609. Polygon is down 1.97% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $7,786,159,569. It has a circulating supply of 8,734,317,475 MATIC coins and a max. supply of 10,000,000,000 MATIC coins.

Also Read:

• Real-time-updates-of-big-fed-rate-hike-and-jerome-powells-news-conference
• The Impact of Robinhood’s Polygon Selection For Its Web3 Wallet On Bitcoin Dominance
• Why is MATIC pumping? How high can its price go? 
• Polygon price analysis: MATIC value increases towards the $0.89 mark
• How To Stake Polygon?
• How To Buy Polygon Crypto

What’s new with Polygon (MATIC)?

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions, sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.

Mina Protocol and Polygon are working towards implementing support for Mina on Polygon PoS. This bridge will enable developers building applications on Polygon to leverage privacy and verifiability via Mina’s zero knowledge-SNARK-based protocol.

Polygon is an Ethereum-based project that hopes to solve fundamental issues the Ethereum blockchain faces, such as interoperability and scalability. It is the first project on the Ethereum blockchain to launch an adequately structured tool that addresses Ethereum scaling problem. Consequently, many have termed Polygon as Ethereum scaling solution.

Rather than running on its own blockchain, MATIC tokens are traded on the Ethereum blockchain. That’s because Polygon was developed to help scale Ethereum through side chains. MATIC allows you to stake on the Ethereum blockchain and pay for currency transactions. This has helped reduce the high transaction costs inherent in the Ethereum blockchain, helping promote widespread adoption. 

Ethereum is home to several DeFi projects like the Polygon, formerly known as the Matic network. Since the Matic network has brought numerous functionalities to the entire Ethereum blockchain, several developers have taken an interest in the project, which has, in turn, led to steady growth of Matic price.

Major cryptocurrencies such as Bitcoin, Ethereum, Ripple, etc., witnessed a slump on the 1st week of June, and yet, the value of Polygon(MATIC) rose nearly 35% in the same period. Investors saw Polygon (MATIC) as the next big thing, and in a short period, it surged past other cryptos to rank among the top 15 biggest cryptos globally.

In Feb 2021, Polygon rebranded itself and upgraded it by bringing in promising metaverse projects and integrating Matic Plasma Chain. This development provided a layer one blockchain network with integrated scaling solutions for NFT, DeFi, etc.

Polygon has become a massive hit in India and led cryptocurrency exchanges like CoinSwitch Kuber to list the currency on their platforms. Polygon Matic price prediction is based on analyzing the previous price and forecasting the future. Polygon price predictions on Cryptopolitan are based on analyzing the entire cryptocurrency market, price action, and trends to determine whether Polygon cryptocurrency is a good investment.

Polygon (Matic) Overview

Polygon (Matic) was formerly known as the Matic network, and it was developed on the Ethereum blockchain to solve scalability issues faced by Ethereum. The Matic network employs its unique Polygon SDK to create interactive decentralized applications (dApps) on the DeFi platform. It combines both PoS and plasma framework in its core and runs on Ethereum layer two.

Polygon successfully converts the limited Ethereum blockchain into an open blockchain network usable by many. In essence, it makes Ethereum steady as the internet of blockchains.

In turn, Polygon (Matic) project benefits immensely from the already established Ethereum blockchain in several ways. Firstly, every blockchain project needs a secure security infrastructure, the Matic network benefits from Ethereum’s array of qualities such as an active and vibrant community, established security systems, and transparency.

Within the Polygon network, transactions are settled using the Matic coin. Matic price has risen over the years, sparking interest from cryptocurrency enthusiasts. Polygon technology has improved efficiency within the Ethereum blockchain. Today, Polygon boasts of handling up to 65,000 transactions per second on its single sidechain. Similarly, it has averaged an impressive block confirmation time of two seconds per transaction.

Polygon Price History

According to Polygon’s plan, all Matic coins will have been released by December 2022, which is good news for long-term investors because it guarantees significant future gains.

Since its inception in 2017, Matic tokens have had an incredible run that has withstood the test of unforgiving crypto market turmoil that usually ends up wiping out invalid tokens.

Despite the prevailing bearish trend currently experienced in the crypto market, experts are convinced by Matic’s crypto price prognosis and price forecast data that indicate an overall bullish trend for the long-term investment horizon.

Based on Coingecko’s data, Polygon had recorded impressive gains since its launch back in 2017. The crypto token has recorded incredible gains of up to 44157.6%, and the rally is expected to continue in the following years.

Matic recorded its all-time low price of $0.003143 in May 2019 during the famous bearish run. However, since then, the coin had continued to make significant gains until May 2021, when it recorded a new all-time high price of $2.62. It seems then that May is the month of Polygon, after all.

Cryptocurrencies are a fickle thing – it’s impossible to predict which will be popular in the future and which will lose favor. However, we think that Matic has a lot of potential and will hold its value well.

Polygon is having difficulty gaining traction with other cryptocurrencies. In the previous seven days, the MATIC has dropped to around -3.03 percent. The currency has been demonstrating risky framing segments over the previous several days; the coin may have excellent fundamentals, but we do not believe it will be a successful asset in the short run.

MATIC price dropped by -61.536 percent in the previous month, subtracting a stunning average of $1.05 from its present value. This abrupt drop indicates that the currency is now in a slump, indicating that it might be an excellent purchase opportunity for a quick investment.

The 90-day price change is around -69.31 percent, with the price fluctuating between a minimum average price of $1.83 and a maximum average price of $2.23 in the previous 90 days.

Polygon is down by -61.26 percent in the last four months, with the maximum average price of the coin being around $1.77 and the minimum average price being around $1.69, but today the price exhibits bullishness.

Pros and cons of investing in Polygon (Matic)

Polygon, formerly Matic network, has been considered a stable investment by crypto enthusiasts. Anyone interested in Ethereum and its bundle of projects likely has an affinity for Matic.

It is a well-structured organization with clear goals of extending the scalability of the Ethereum blockchain and making cryptocurrency more accessible to the public. If the project continues to push forward strides, its success is inevitable, and consequently, Matic holders will benefit significantly.

Investing is a full-time activity that requires individuals to analyze potential risks and returns before committing. However, within the crypto world, numerous uncertainties shape the prices of crypto coins. Therefore, even for a seasoned professional, it is challenging to make precise predictions on the price of a coin based on historical price actions alone.

However, for an individual to earn impressive returns on their investments, they must take risks. Here, we’ll discuss some of the benefits of investing in the Polygon ecosystem.

Pros of investing in Matic

Since Matic is a scaling solution on the Ethereum blockchain, it is difficult to foresee its downfall. Therefore, most forecasts are convinced that Polygon will be in existence for years to come. So what are some of the pros of investing in this token?

• It provides new scaling solutions to the Ethereum ecosystem, ensuring a bright future and allowing investors to make long-term investments.
• Since 67% of the tokens are already in circulation, and the maximum supply is expected to be realized by December 2022, the coin offers immense growth potential in 2022 and beyond, allowing investors to reap more profits.
• Matic allows for the interconnection of blockchain networks, a scaling solution that assures investors of Matic’s future performance.
• Polygon is supported by a strong community of developers that ensures the project performs well and consequently maintains and increases Matic’s price level.

Cons of investing in Matic

It is indeed public knowledge that investments always come with a degree of risk. Investing in Matic may result in losses if careful considerations of the involved risks aren’t well conducted. Below are some possible shortcomings of investment in Matic.

• Recently, the Polygon network was hacked, and the perpetrators made away with millions worth of Matic tokens. The hacking was a huge red flag for investors since it indicates that the network isn’t as secure as it should be.
• Price volatility. Every cryptocurrency experiences volatility; however, when dealing, sometimes crypto coins experience extreme price drops that may hurt an individual’s portfolio. Since Matic already competes with Avalance, Polkadot, and Cosmos, it is unclear who will win the race. Therefore, for a long time horizon, investors should keep tabs and know when to exit.

Where & how to buy Polygon (MATIC)?

If you would like to know where to buy Polygon, the top cryptocurrency exchanges for trading in Polygon stock are currently Binance, OKX, Hotcoin Global, and Bitget.

The process of buying MATIC is fairly simple:

• Step 1: Decide where to buy Polygon (MATIC).
• Step 2: Think about how to store your Polygon (MATIC).
• Step 3: Make your purchase.
• Step 4: Manage your investment.

New developments in the Polygon Ecosystem

The recent 20% spike in Polygon’s price was driven by JPMorgan’s first DeFi transaction using the Polygon blockchain. Because of its cheap transaction fees, global investment banking giant JPMorgan carried out its first DeFi transaction on the Polygon blockchain in the first week of November.

The transaction was a part of MAS’s (Monetary Authority of Singapore) Project Guardian pilot program to test the use cases for asset tokenization and DeFi. Instagram will also allow users to create and trade NFTs using the altcoin.

Previously, Polygon MATIC partnered with Catheon gaming to drive forward a shared vision that will bring quality entertainment and gaming experience to the blockchain. In addition, it will also help to elevate the user experience on the platform. Catheon is a platform revolutionizing the gaming world.

Another new development is the recent partnership between Gemini and Polygon MATIC, which will help users to stake MATIC on the oxPolygon network.

Gemini is a next-generation cryptocurrency exchange and a custodian that allows customers and users to buy, sell, store, and earn digital assets.

Let’s take a look at successive past developments on MATIC:

• J.P Morgan Chase, the world’s most extensive bank, completed its first “LIVE” trade-in DeFi by working with the Monetary Authority of Singapore–all thanks to Polygon. This is evidently a groundbreaking event that alludes to traditional finance institutions gradually adapting Web3 technology.

• So far, the increasing volume of Reddit NFT sales has been good news for Polygon’s native token MATIC. Recently, MATIC’s trading volume crossed $10 million.

• A report published by Blockchain analytics firm Messari shows that the number of active addresses in the third quarter of 2022 increased by 180% compared to the previous quarter. A total of 2 billion transactions were conducted during this time period.

• Polygon’s partnership with Warren Buffet-backed Nubank is viewed positively by many in the industry. Popular TV Network SHOWTIME recently announced a collaboration with Polygon and Spotify. 

• Ethereum’s Merge has significantly reduced Polygon’s carbon dioxide emissions. With these major partnerships and developments, it’s not hard to see why Polygon’s future looks bright. Our price prediction forecasts a bullish trend for MATIC, with the potential for significant growth in the years to come.

• In addition, the need for Web3 infrastructure and the use of cryptocurrencies in the regular industry should benefit from the Matic coin price forecast.

• In order to avoid expensive Ethereum gas fees, OpenSea announced support for the blockchain in its new Seaport protocol. Doing so will reportedly save them $460 million annually.

• In September, the brokerage Robinhood made an announcement of an exclusive partnership with MATIC. This allowed Polygon to be the first supported blockchain on its Web3 wallet. Right after, in early September it was announced that investors could send and receive magic through the Robinhood platform.

Polygon Technical Analysis

Polygon technical analysis reveals Polygon has been on a downward trajectory within the last 30 days, the price of MATIC dropped by 15.18 percent, reducing its previous value of $1.07 by $0.162642. This current downtrend means that Polygon is in a dip right now. The price of Polygon has dropped by 1.79% in the last 3 months, eliminating $0.016564 from its previous value of $0.925344.

Despite a patterned breakdown, the immediate support levels have kept the selling pressure under a near-term check. The 20 EMA alongside the $0.78 support triggered a rebound over the last few weeks. 

In order for buyers to regain confidence, MATIC needs to overcome the $1.003 resistance level, which has been holding steady for six weeks now.

A strong move above this level could potentially help the altcoin test the $1.3-$1.$6 level in the coming weeks or months. So, any close above the immediate barrier could be seen as a trigger to enter and would make the projections favorable for the end of this year.

The Relative Strength Index (RSI) has been repeatedly rejected at the midline over the past few months, despite increasing buying pressure. This is a clear sign that the bulls are struggling to gain momentum in Polygon, indicating that a price bottom could be forming in the near future.

When the Chaikin Money Flow’s (CMF) closing is above the zero mark, it means that buyers are increasingly in control of the weekly chart. This could hint at an entry-level for the buyers and could extend the journey towards the $1.007 resistance area. However, in case of a bearish rejection, Polygon might see some depreciation below the immediate support levels of $0.75-$0.78 as well as its 200-day moving average. The weekly RSI is however on the verge of turning bullish. This may indicate that the downtrend is coming to an end and a reversal to the uptrend could be on the horizon.

Overall, the current bearish market sentiment may weigh on Polygon’s price in the short term, but a turnaround could happen in the long run if market conditions improve.

Polygon Price Predictions by Cryptopolitan

MATIC soared in popularity after brokerage firm Robinhood announced a partnership with Polygon for its new Web3 wallet, which would allow users to send and receive MATIC. The token then gained even more traction when it partnered with Meta to deliver its vision for non-fungible tokens (NFTs).

But the Polygon cryptocurrency has started to lose these gains and is down 10 percent in the past month following the recent market turmoil brought by the fallout of the FTX exchange and related companies. Despite the current downturn, however, analysts and Polygon price predictions remain optimistic about its long-term potential. Can the token regain its upward trajectory, and what’s in store for the Polygon (MATIC) price prediction in 2023 and beyond?

Polygon Price Prediction 2023

According to our Polygon price prediction for 2023, Polygon might potentially surge to a maximum price of $1.65 and a minimum price of $1.38.The average price expected for 2023 is $1.41.

Polygon Price Prediction 2024

According to our Polygon price forecast for 2024, MATIC is expected to reach the lowest possible level of $1.94. As per our findings, the MATIC price could reach the maximum possible level of $2.40 with the average forecast price of $2.01.

Polygon Price Prediction 2025

Polygon MATIC price prediction for 2025 suggests that the cryptocurrency could reach a maximum price of $3.39. The minimum forecast price is $2.91 while the average forecast price is 3.01 by the end of 2025.

Polygon Price Prediction 2026

According to Polygon MATIC price prediction for 2025, the price of the token might reach a maximum level of $5.22 and a minimum value of $4.45. The average expected price is $4.60 in 2026.

Polygon Price Prediction 2027

In our Polygon MATIC price prediction for 2027, we expect that the token can potentially surpass its peak at an estimated maximum value of $7.60.The average price forecast for 2027 is $6.42 while the minimum price expected for 2027 is $6.19.

Polygon Price Prediction 2028

Our Polygon MATIC price prediction for 2028 suggests a maximum price of $10.53 and an average price of $9.33.The minimum price forecast is $9.08 for 2028.

Polygon Price Prediction 2029

Polygon coin price prediction for 2029 suggests a peak value of $16.17 and average price forecasts of $14.37 for the year 2029. The minimum forecast price is $14.00.

Polygon Price Prediction 2030

According to our Polygon price prediction for 2030, MATIC could potentially attain a maximum price of $24.20, with an average trading price of $20.09 and a minimum value of $19.52.

Our Polygon price prediction suggests that the coin could potentially see strong gains over the next few years as it continues to gain traction in the crypto market.

Polygon Price Prediction 2031

According to Polygon price prediction for 2031 suggests a maximum price of $34.07 and a minimum price of $27.63.MATIC coin price might trade at $28.63 as the average.

MATIC Price Predictions by Wallet Investor

According to WalletInvestor’s Polygon price prediction, the value of MATIC may go down to as low as $0.035 by July 2023. Their forecast is incredibly bearish, and they rate this cryptocurrency as a bad long-term investment.

MATIC Price Prediction by Digital Coin Price

Polygon price predictions by Digital Coin Price are bullish, with the platform forecasting MATIC could reach a maximum price of $2.31 in one year, followed by a potential increase to $4.169 in 2025 and then reaching a maximum price forecast of $13.05 by 2030

MATIC Price Predictions by TradingBeasts

According to TradingBeasts’ technical analysis, MATIC may reach a price of up to $1.17 by December 2022. They think that it will then stay at an average trading price of around $0.9 throughout 2023 but will start rising again in 2024, potentially even going up to $1.5.

Polygon Price Prediction By Industry Experts

Polygon is an exceptionally well-built cryptocurrency, and it is diversifying in different ways to continue being useful in the crypto industry. According to @Coffee ‘N’ Crypto, Polygon will break past $1 and reach new heights in the future following the futuristic projects behind it.

Conclusion

Polygon Network has seen intense development in recent months, with a rapidly growing ecosystem and notable partnerships. Recently, Co-founder Sandeep Nailwal took to Twitter to announce a momentous milestone in the relationship between banking and cryptocurrency.

Polygon’s price has been on the rise since it hit a high of $1 at the end of July, and experts are predicting that as Polygon’s network continues to grow with new partnerships and adoption, the value of its token could go even higher. In August, Polygon’s price hovered around the $0.80 mark, but many believe that this is just the beginning of this promising project.

Recently, in November, Polygon saw a significant surge after the bullish news that the social media giant Meta is teaming up with the blockchain to deliver its journey into the world of Web3 and NFTs.

Stephane Kasriel, head of commerce and financial technologies at Meta, revealed that Instagram businesses will soon be able to create and sell their own NFTs (non-fungible tokens). This service would first launch on the Polygon blockchain before expanding to others, including Solana. MATIC rocketed after this news and hit a high of $1.29 on 7 November.  After peaking and later announcing multiple partnerships, including an NFT marketplace deal with Nike, MATIC eventually fell below the $1 barrier.

There are many factors influencing the future of MATIC coin, from global economic conditions to the level of adoption of cryptocurrencies. The partnership with Meta and the latest breakout on the platform appear to be positive indicators for the coin’s future price, according to predictions from algorithm-based forecasting sites.

Overall, scaling solutions like Polygon are expected to gain momentum as network congestion on the Ethereum blockchain remains an issue. Polygon’s multi-layer technology allows it to authenticate transactions in a matter of seconds while still uploading them to the Ethereum blockchain, combining scalability and security.

Polygon’s powerful Dapp architecture makes it simple to build new apps on-chain and port current Ethereum projects. However, MATIC is projected to continue dipping by a few cents before beginning another price increase in the near future. Before making any investment decisions, do your own research.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and consultation with a qualified professional before making any investment decisions.