Polygon Price Prediction, MATIC Forecast
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Question Box: How will Polygon cryptocurrency price increase? Will Polygon price go up? Will MATIC price fall? Will Polygon price drop? Will Polygon price rise? Is MATIC price going up? Is MATIC a profitable investment? Is Polygon price going to drop? When will Polygon price fall? When will Polygon price go down? When will MATIC price drop?
Overview of MATIC: Decoding the Enigma
Before we start with MATIC price prediction, an ideal blockchain platform which Matic Network provides cheaper and lightning-fast transactions eliminating the complexities involved in the decentralized ecosystem. Matic Network has been created with the sole objective of a multifunctional and multipurpose advantage in all walks of life.
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Matic Network was brought to life by CEO Jaynti Kanani (Read the full interview by CrpyotNewsZ here), Sandeep Nailwal, and Anurag Arjun in October after Vitalik Buterin and Joseph Poon released a whitepaper on the Plasma framework. It was observed by the duo that Ethereum was not fully scalable and hence they coined the benefit of using PoS side chains connected to the root chain. Here each and every individual chain deals with its independent blockchain with its consensus mechanism, block validators and it can create more “child chains” of its own.
Recently, Matic Network, rebranded to Polygon — Ethereum’s Internet of Blockchains. The existing Matic solutions remain functional and high priority. $MATIC token remains important for securing and governing the network.
Most of the developers and projects want to build their scaling solutions within the Ethereum ecosystem in order to benefit from its security and network effects. However, they are struggling to navigate its unstructured scaling landscape and to deal with its implementation complexities.
Hence, Polygon announced plans to enhance its support for the Ethereum network to scale faster and reduce the growing transaction costs. The main objective of Polygon is to decrease the high fees paid on the Ethereum blockchain along with scaling for crypto projects and enterprises. Polygon will introduce structure to this ecosystem and provide a framework to help it grow further and faster.
Polygon: The MATIC Token
The round-the-clock active team of Matic Network has produced interface libraries that are first of their kind. These are tools that help you create programs and implement the interface. The network also brought to the masses a unique MATIC coin in the year
The current price stands at $, and the total supply of MATIC coin currently stands at 10,,,
Vantage Polygon: The Vast Potential
For payments, integrating MATIC on dapps enables settlement of payment whenever, wherever. The confirmation of such transactions gets processed in a fraction of seconds. This happens due to faster block generation times wherein the fees are the lowest. MATIC provides APIs/SDKs for dapps, merchants, and users to instantly accept or pay in crypto assets like ERC20 tokens, ETH, and others.
MATIC enables decentralized exchanges to offer expeditious and inexpensive trades for their users. Integration with MATIC helps these exchanges to run on steroids making them trustworthy and secure. No wonder this decentralized exchange drives the future of digital assets.
Moreover, it reinforces gaming networks thereby speeding up their performance in processing transactions since all the processes in the gaming world happen over blockchain, they become more reliant on Matic Network.
Personal data security is another accountability zone of Matic Network as it is in itself a blockchain scalability platform an adapted version of Plasma.
The users tend to send and receive payments in the currency of their choice through MATIC smart contracts as it handles the conversion through atomic swaps between cross-chain crypto assets.
Matic also acts as a Lending & Credit scoring platform for merchants. The traders can ascertain the worthiness and credibility of their borrowers viewing their transaction history facilitating lending of tokens to those who stand a better chance of timely repayment.
Through an open-identity system, Matic ensures that users have control over their private keys without worrying about their security or divulging of personal keys.
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More advantages follow……..
- Multifunctional attributed to Matic enables diversified uses of existing apps including security and safety of data and transactions.
- Matic ensures Accessibility especially in Layer 2 solutions
- Variety of Application platforms offered on Matic creating a surreal experience.
- Intertradability is another key feature of Matic via DEXs
- Through Zapier integration through Dagger on Matic developers can onboard Ethereum platforms that boost mass adoption thereby enhancing productivity and supporting more apps in the process.
- Matic allows access to partnership via Decentraland, Zebi, Hey Coral, and MakerDao.
- Plasma operator mechanism of Matic enables scalability allowing up to 65k TPS.
- Plasma wallet mobile app integrated with WalletConnect, to ensure secure storage of keys, intuitive access to the features provided by the Matic.
- Features supporting mobile applications and developer kits are extremely user-friendly and have their independent version of the PoS algorithm.
- A plethora of DeFi apps can be posted on Matic’s sidechains.
What is Cooking in Matic Lab:
According to Matic Network price prediction, Matic Network has always been aggressive on partnerships and bringing constant updates in tandem with the latest technology and hence projects always have something innovative to bring to a platter.
The Recent announcements include the following updations:
- Alpha and Beta versions of Mainnet been launched
- Deposits and withdrawals of all Ethereum based assets supported
- Support of ERCERC20, ERCERC20, ERCERC transactions enabled
- Facilitation of adaptation of Proof-of-Stake validators
- Offering API and SDK’s toolkit for easy, simple, and secure dapps development
With the objective of becoming the most trusted and safe staking service provider Matic has made a giant leap in the staking services. It plans to amalgamate more companies in its network with this aim.
Emerging the best ever staking ecosystem Matic has established an alliance with stake.fish, stake capital, and staked. The delegates of PoS and stakers managed consensus and security. Stakers also get the liberty to choose Block producers.
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Polygon (MATIC): Showcasing an Unparalleled Performance
The actual strength of the Matic Network lies in the fraud-proof mechanism. By implementing PoS at the checkpoint layer as well as delegates at the block producer layer, Matic ensures optimum decentralization. This mechanism entails users to submit details of any fraudulent transactions suspected. As a result, fraudulent cases are slashed. This mainchain security is supplementary to the PoS protocol security on the side chains.
Another feature of the Matic Network is the implementation of Plasma which is built on state-based sidechains running on EVM. This makes Matic Network give scalability for generic smart contracts. The public check-pointing layer which works on periodic intervals makes the network permit side chains to operate at high speeds while publishing the checkpoints in batches.
Layer scaling solutions with decentralization are ultimate Polygon objectives. The expanse is vast and does not limit itself to financial transactions/ trades but other casual dapps like games etc. too. Another benefit with Plasma cash that Matic harnesses is using checkpoints for 1-second block times (with PoS layer). As Plasma Cash works with Non-Fungible Tokes (NFT), it works great for game cards and social state changes where you have pre-defined fees (bundled as NFT – eg “20 tokens” to play game equals 1 NFT coin on plasma cash). In scaling projects viz. Polygon and Quarkchain, Polygon remains outstanding with its unique trait to access scale attaining an optimum decentralization.
Built on the Ethereum mainchain, Polygon has the advantage of programming language, developer documentation, etc. readily available and it does not have to build everything from scratch. This is so mainly as Matic Network is an EVM based side chain.
In the payments segment too, Matic Network outshines its competitors like Raiden Network and others mainly because of Matic’s underlying technology there is no requirement of separate payment channels for users and they only need to have a valid Ethereum address to receive tokens.
A majority of financial service applications like DEXs, Lending DApps, and many others can be easily accessed by Matic Network users. Ultimately, it can be seen that Matic has endeavored an exemplary move to enhance customer experience facilitating the user-friendly implementation of tools.
Matic Network on Partnership Spree:
In order to leverage more scalability with Matic, Somnium Space has joined hands with Matic for launching a secondary land offering. Integration with Chainlink proved the second most influential nuptial for Matic as it integrated with Ankr Network, Spring Role Marlin, Stack City, Cere Network, Nestree, Prometheus, and Tokamak. This allowed Matic to enter a different space of assets viz. Data Brokerage, integrated messaging apps, WiFi ad Bidding, spearhead Enterprise Adoption, Decentralized oracle, scaling research & recruitment worldwide.
Decentraland, Zebi, Maker DAO, Parsec Labs also invested in Matic coupled with a public offering. Matic being listed in the top Indian exchange platform viz. WazirX, more news is awaited.
Technical Analysis of Historical Price Movement of Polygon (MATIC)
The psychology of users plays a pivotal role in the crypto market sentiment. Prices are very sensitive to the crowd’s mental approach towards giving a push to any crypto token. MATIC coin too is no exception. The inertia that initially played for Matic in is no more there as the token has gained customer trust bringing profit for investors as well as traders. The downswing that played for token in evaporated in the backdrop of its technological solutions. They were by no means paradigm but sure in the EnY perspective, it can be said the token was being tracked for movement.
In the past 30 days, the Polygon price has crossed the $ mark. In May , Matic price traded at $, while in less than a year, it shot up to $ A frequently and keenly observed trait of Polygon is that it has shown the most erratic and fluctuating behavior. Showing optimum bullish trends, it surprises with downward bear pinning down movement.
MATIC Coin Price Chart
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Experts’ Take on Matic Price Predictions
While some experts have an optimistic view on Matic stating the coin may outperform its rivals, others hold their cards close to their chest.
Based on our forecasts, a long-term increase is expected, the MATIC price prognosis for is $ while for , it might cross $7 mark. With a 5-year investment, the revenue is expected to be around +%. Wallet Investor’s MATIC price prediction for
The biggest landmark victory for MATIC is that it would cross $1 and calculating ROI percentage will be around %, so with 5-year HODL, it will be worth betting on Polygon. With an increased risk of loss, we would recommend MATIC to be a reasonably good short term investment though. Reddit Users’ MATIC technical analysis and price prediction
The expected maximum price of MATIC at the end of this year shall be around $ MATIC price is set to rebound by June post-pandemic and vaccination availability over the globe that would reflect a good peak, a minimum price of $ by end of the year which it is sure to scale. Trading Beasts’ MATIC technical analysis and price prediction for
MATIC is entering a highly competitive and ruthless space—off-chain scaling. Given the listing on esteemed platforms and is the brainchild of impressive tokens, a price surge in MATIC can be certainly expected. GoodTime Nation
As per our data, the asset price has been in an uptrend for the past 1 year. Polygon has been showing a rising tendency so we believe that similar market segments were very popular in the given time frame. Future price of the asset is predicted at $ (% ) after a year. GOV Capital’s MATIC price prediction
Polygon has gained trusted credibility among enterprise businesses. Its projected growth is set to reach extreme highs, similar to what was seen during the ICO boom and crypto hype bubble. MATIC has long been a panacea for application developers. Solutions for real-world problems like currency transfers, and distributed finance have found a base with Matic.
The MATIC price prediction and forecasts of various experts do not deter it from outperforming the rivals by any means. The Matic community has set higher benchmarks for itself notwithstanding. The MATIC coin price shall surpass the expectations of all cryptocurrency investors who have found this platform extremely interactive and uncomplicated.
Our Verdict on Polygon (MATIC) Price Prediction:
As a non-mineable token, MATIC currently stands at a price of $ with a market capitalization of $14,,,, which puts it in the position of 36 in the global cryptocurrency rankings. There are 6,,, MATIC tokens available in supply currently.
After February, MATIC price hiked by %, and its best price was $ USD showing great potential but big milestones yet to be achieved. Given the Covid scenario looming large, it was of course a commendable performance for Matic Network.
The best tip to invest in MATIC coin will be to wait for another fall, as currently according to MATIC coin price prediction, it is at the peak. Even though there could be misleading surprises for us in terms of the token, like any other cryptocurrency, it is wise to wait for another round of upward bullish push.
Even though other major crypto giants seem to be getting social media hype, MATIC will sure steadily show a positive pattern, constantly rising, and the year will be the year of MATIC with the prediction of a minimum of $3 for sure.
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The demand and supply trends in the average trading volume reveal the increasing demand for MATIC tokens on the backdrop of the decreasing supply of the corresponding cryptocurrency.
Volatility, despite being the inherent trait of all cryptocurrencies, overpowers the choice of most traders. Even though pandemic shook the roots of the fiat currencies, cryptocurrencies like MATIC took the world by surprise showing gains despite the crisis. Hence, volatility represents an immensely important aspect of crypto trading. While analyzing MATIC, one can’t afford to ignore the attributes of artificial intelligence and deep learning mechanisms that go behind MATIC coin.
Matic Network has brought past investors well over 60% returns before the onset of a new year. MATIC is an especially great asset for traders who can take advantage of these price swings with a long or short position and let us what industry experts forecast for investment next 5 years:
MATIC Price Prediction
Having witnessed a massive dapp adoption in that drove the price of MATIC. The partnerships and alliances shall push the scalability of the network to 1,00, transactions per second. The Polygon ecosystem is super popular with numerous projects built on it, given the advancements are maintained we can see the MATIC price soar to $3 mark making it new all-time high with $
MATIC Price Prediction
With partnerships & alliances, and community funding, the market looks back at MATIC to perform, reaching a level of $, which is quite optimistic but surely feasible.
MATIC Price Prediction
It will be too early for MATIC price prediction , with current scenario it’s good to go with MATIC price prediction Any changes in Govt. policies and regulations, Polygon may too have its share of hazy days. MATIC should sail calmly at $ or max bow down to $ making it not plummet but play consistent.
It would not be an exaggeration to find that the MATIC price will scale a peak of $3 someday though the same can’t be called a very overstated and buoyant reach.
MATIC price prediction has truly somersaulted in the last year totally transforming the trend from beginning towards the end of the year. It has had a historic journey throughout. All said and done Matic’s trend has been quite aggressive leading to a very optimistic path. The token may grow in leaps and bounds, especially for alliances. New Partnerships would bring MATIC to the limelight making it the center stage for investments and a socially esteemed cryptocurrency. In the process, more transactions shall be executed with every passing second which may prove a tough challenge for crypto rivals of Matic.
But surely the BULL WILL BE BACK !!
Conclusion: MATIC: Blockchain Redefined
A major gem in MATIC crown is its ability to constantly upgrade and innovate. It has already adopted a PoS mechanism and thus has huge growth expected in the upcoming years. The price horizon is pretty bright for MATIC. It does not solely bank on decentralization. Another icing on the MATIC cake is that crypto exchange prepares for Matic Network IEO.
Apart from the adaptation to the Plasma framework Matic network aims to offer off/side chain scaling solutions for blockchains. Matic Foundation is also having the goal to provide Matic wallet, payment APIs & SDKs, products, identity solutions, and other enabling solutions facilitating developers to design, implement and migrate dapps built on base platforms like Ethereum. The fundraising initiatives of MATIC include a seed sale round of $K and an Early Supporter Sale of $K that together will make up for 19% of the total token allocation.
Governments worldwide are taking measures to restore the economies and it is set to have an influential impact on Matic too. This should make MATIC an active and safe haven for investors.
All these factors and plans are surely enough to make the MATIC King rule the crypto world…..isn’t it?
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Can MATIC reach $1?
Going by the long term, say 1 year, the MATIC price can escalate to $1. The long-term earning potential is +% in one year.
Is MATIC a good investment?
Surely. It is also necessary that you do your own due diligence before you invest in any project.
When does the reward get distributed?
On submission of a checkpoint, rewards are distributed. Currently, they are proportionately allocated on each successful checkpoint submission to each delegator based on the stake relative to the overall staking pool of all validators. However, the percentage may vary based on the stake of a delegator.
Also, a 10% proposer bonus is expected for those who submit the checkpoint every 34 minutes. If there is congestion in the network, the submission may be late too.
Why does reward keep getting decreased at every checkpoint?
With more MATIC tokens getting locked in staking contracts, the rewards earned will depend on the actual total locked supply in the network at each checkpoint. This is expected to vary significantly as more MATIC tokens get locked in the staking contracts.
How can I claim my rewards?
You can claim your rewards instantly by clicking on the “New Rewards” card and then clicking on the Withdraw rewards button. This will transfer the rewards accumulated to your delegated account on Metamask.
What is the unbonding period?
The unbonding period is applicable to the initially distributed amount and re-delegated amount. Presently the period on MATIC is approximately 9 days.
Will I still get rewards after delegating to an External Node?
Yes, rewards will be distributed the same as earlier with the Foundation nodes. Every successful submission of a checkpoint will yield rewards. Rewards will be distributed and calculated at every checkpoint relative to the stake ratio, as currently implemented.
Will there be any unbonding period if I unbond from an External Node?
Yes, the unbonding period will stay the same as currently implemented with Checkpoints.
When do you expect a live implementation of MATIC to be launched?
The implementation is live already and even put on youtube. There was also a demonstration in Mumbai recently done on Kovan Testnet.
Why will it be difficult to replicate MATIC’s plasma implementation?
Our getting the GPL license mandates anyone imitating our implementation to open source their code compulsorily. As regards copying code, it is as much available to Bitcoin and Ethereum, as to any other.
What is the expected TPS you’ll be able to bring to the Ethereum network? What are you running now on testnet?
A single sidechain has the capacity of 2^16 (65,+) transactions per second. Matic Network has the capability to add multiple sidechains. Initially, our concentration is on bringing more stability with one sidechain.
What is the actual need for having a MATIC token required?
The following reasons reinforce the need of having Matic token:
- a) Having started on Ethereum as our first base chain, we as Matic can work on multiple base chains in the future. Hence we aspire to be common scaling solution providers for public blockchains.
- b) Reason 2 is that we intend to use a liquidity pool like Kyber to facilitate Dapps paying off-network fees by abstracting a token swap mechanism. This would create an impeccable user experience.
- c) With Matic tokens, we have provisioned a large percentage of tokens to be distributed for seeding block producer, checkpointer stakes, and subsequently offer block rewards. You need Matic tokens only when you want to deploy on Matic Mainnet, where the gas fee is much lower than Ethereum, around 1/th of a txn fee you pay on Ethereum.
What other platforms are you aiming toward, and is there a timeline for implementation?
Our current priority is to make Mainnet live on Ethereum. Soon plans shall be declared for other Blockchains too.
What are the new launches in Matic kept secret?
We intend to launch the alpha version of our Mainnet with working dapps before the token sale. We do have four teams building their solutions on top of MATIC. One of them is a banking wallet in India, 1 in the gaming segment, 1 in referral marketing, and 1 in the ad network. There are others in the pipeline but are not yet finalized.
What drives the use and demand for MATIC tokens?
Of course, the primary use of the token is to pay transaction fees:
- To stake for PoS consensus participation for checkpointing layer and block production layer
- To create a flawless user experience enabling Dapps
- To facilitate faster and speedy withdrawals and transactions
- Protocol Level burning of tokens to make it deflationary in nature
- Keeping a low-entry barrier for higher adoption
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As it can be clear from the analysis cited above, Matic (MATIC) projections are rather contradictory. There is no universal consensus either about positive or negative future MATIC price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Matic projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Can Matic reach $1?
Yes, MATIC already broke the $1 barrier. It may dip lower in the short term, but the long-term predictions show this coin trading consistently above this level
Will Polygon reach 10 dollars?
Yes, some Polygon price predictions promise that it may reach 10 dollars as soon as Even if it doesn’t happen so soon, it’s possible.
Why is the Matic price increasing?
Since rebranding and expanding their offer from just a scaling solution to a full-fledged development framework in early , Polygon has attracted a lot of interest. The word got out that Polygon technology is solid, with many high-profile names such as Kyber Network attached to it. This means a lot of people place their trust in Polygon and MATIC token’s future.
Is Matic network a good investment?
Yes, the MATIC network is expected to grow in the long term. The founders have a good track record of continually growing their network - for example, adding some key features for blockchain developers in February , which resulted in rapid growth in popularity. This makes it a good investment.
What will the Polygon price be tomorrow?
It’s hard to say what will the Polygon price be tomorrow since Polygon price predictions on such a small time scale are not always reliable. Since Polygon is a solid project, MATIC holders may be better off holding their tokens long-term.
Where do I buy Polygon?
There is a number of exchanges listing Polygon. We at SwapSpace offer you a quick and easy way to buy Polygon using the best offers from our partners.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.Sours: https://swapspace.co/price-predictions/matic
MATIC Price Prediction Polygon Chart Market Cap Review Will Hit $5
In this cryptocurrency market Boom, there is one more coin that is ready to flow in the upward trend and will hit the $3 target in the upcoming days. Yes, we are talking about the Digital currency coin Matic which is ready to go to Moon like Dogecoin the most popular meme coin. Here is the detailed Matic Price Prediction Currently, Matic is traded at a price of $ and a few days ago it was just $ coin. So here we bring a special complete informative article on it which includes Matic Target Price Prediction, Matic Analysis, and more.
Polygon (Matic) Price Prediction
Technicals of this coin touch the moon but it is not % surety that the price will stay in the upward trend. If you are an existing trader or investor then definitely you know about the volatility of the market. So, there is extremely probable that the coin Matic will face volatility and take some correction in the price for long-term growth. The current trading price of the token is $ USD. After watching this, many people are planning to invest their money in this amazing token.
Polygon (Matic) Price Prediction
As of October 9, , the price of MATIC currency is $ Experts are sharing that the price of MATIC is rising since last year. For the past two years, cryptocurrency has been growing rapidly and making its place among the popular crypto coins around the world. According to the latest data and technical analysis estimates, the price of Polygon is presumed to reach a minimum of $ USD by MATIC value is likely to reach $ USD with an average trading price of $ USD.
Polygon (Matic) Price Prediction
We have analyzed the token and the result always comes in support of MATIC currency. Experts have foretold that the future price of MATIC could reach very high by the end of the year. In the year , you will see the token reach the target of $ We achieve this goal through the technicals of this token. When the token arrives at this target you will see that the search for this token has grown.
Polygon (Matic) Price Prediction
Now, we are persisting to present the next years forecast because of its speedy growth. All the experts are providing information related to the token where it can be seen that the value is rising and hence, the investors are also preparing to hold the token and even some experts are disclosing that the value will be going up and can be reached around $ USD.
Polygon (Matic) Price Prediction
Subsequently, we are presenting the information for the year in which the price is subject to change anytime and some investors are also considering that due to some major reasons the value will drop in the middle of the year but investors dont need to worry about it as the value will soon move higher. Along with it, the price will have an astounding achievement because it will be going to touch the $ USD Price Mark by the end of the year, say experts.
Polygon (Matic) Price Prediction
Now, this is our final prediction in which we will also unveil whether it will be good to keep the token for the next few more years or not as we can provide the prediction for the year Well, many investors are placing high expectations from the token and it would be good to assume that the price will reach its all-time high soon as foretold by the expert, you can expect the price of the token to be around $ USD by the end of the year
Polygon (Matic) Price in INR
As you know, earlier cryptocurrency was popular in other countries except for India. But now especially in the past few years, it becomes famous in Indian Market and starts getting attention from Indian investors. So people who trade digital currency in India want to watch the live INR price of a Coin.
* Also, Check Another Coin Price Prediction: Theta Price Prediction
There are lots of apps that offer INR currency form like Indian Cryptocurrency exchange Wazirx App while on the other side Binance also provide price in INR. Currently, this time Matic is traded at a price of Rs on the Wazirx App.
Polygon (Matic) Target Price
On the basis of current details, The first target price is $ then after it, it will hit $ then $ The final price of this assumption is $3 which will be hit by Polygon (Matic) within few days.
The above available images are the technical analysis of Matic Coin. You can watch the previous chart of coins and how it was flowing in an upward trend. Sometimes the coin faced volatility due to market behavior but later back in the trend. To know the prediction of Bitcoin & many other coins then you may follow this website or bookmark it for the future.
Coin price prediction matic
Polygon MATIC Price Prediction To $!!! (EASY +%) screams one headline just a little over five months ago. Can’t help but be enthusiastic about this crypto. The price of Polygon has risen by % in the past 7 days. The price declined by % in the last 24 hours. In just the past hour, the price grew by %. The current price is $ / $ per MATIC. Polygon is % below the all-time high of $The current circulating supply is 6,,, MATIC.
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.
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 that 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 , 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.
What is Polygon (Matic)?
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, transactions per second on its single sidechain. Similarly, it has averaged an impressive block confirmation time of two seconds per transaction.
Polygon (Matic) price history and technical analysis
Courtesy: CoinMarket Cap
Polygon price forecast is conducted after carefully analyzing its price history and employing technical and fundamental analysis to forecast future prices based on Moving averages. Matic’s previous price records indicate that the coin has been steadily positive growth despite the unpredictable volatility.
For us to have deeper insights on the expected future prices of Polygon, we need to analyze its current state. Currently, Matic tokens are released monthly, and the current supply is Billon MATIC tokens while the maximum supply is 10,,, MATIC tokens. The current circulating supply accounts for more than 60% of its total supply.
According to Polygon’s plan, all Matic coins will have been released by December , which is good news for long-term investors because it guarantees significant future gains.
Since its inception in , 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.
Matic has a total market cap of $7,,, with an average daily trading volume of $1,,,
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 indicates 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 The crypto token has recorded incredible gains of up to %, and the rally is expected to continue in the following years.
Matic recorded its all-time low price of $ in May during the famous bearish run. However, since then, the coin had continued to make significant gains until May , when it recorded a new all-time high price of $ It seems like May is the month of Polygon, after all.
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 about extending the scalability of the Ethereum blockchain and making cryptocurrency more accessible to the public. If the project continues to push forward strides, their 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 maximum supply is expected to be realized by December , the coin offers immense growth potential in 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 risks. 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.
Market prediction for Matic
Based on the current price of Matic, we expect the short bearish trend to continue for a short time, implying that by the end of the year, Matic will have hit higher price targets. Following the information derived from the price of Polygon analysis, it is expected that Matic closes the year with higher prices.
According to the forecasts, we expect Matic’s price to record an overall percentage increase of 25% to a minimum of $ By December , the maximum price of Matic is projected to be $ When considering the above price range, it is logical to expect Polygon price to close the year at an average price of $, indicating a % increase from the current price.
The projections imply that Matic will have experienced a short bull run toward the end of the year, following the expected change in the overall market sentiment. Also, since Matic tokens are released monthly, it is likely that when we are nearing the maximum supply, the price of the crypto coins will increase due to higher demand that will create supply pressure.
Price Prediction from Trading Beasts
Trading Beasts have produced impeccable forecasting analysis in the past, and they continue to do so. According to their published information, Matic stands a chance to realize impressive gains in the future.
The Polygon price prediction indicates a long-term appreciation of the coin’s value, indicating that the polygon network is poised to withstand the test of time. Considering the lucrative functionalities of the Ethereum network, the project is poised to increase community involvement and increase transactions within the network due to its low transaction fees.
Trading Beasts analyzes charts for resistance level, positive highs, and even record-high prices to determine future trading prices for Matic and ETH holders. Based on their findings, Matic will have a good run from mid-December until mid-March of the following year. More investors have onboarded the Polygon bandwagon after its new rebranding from the Matic network.
Forecasts show that during the same time, the Matic token will be trading at a minimum price of $ and a maximum price of $ According to Polygon price prediction, the token is projected to record a price hit of $ by the end of December
Price Prediction from Wallet Investor
Courtesy: Wallet Investor
Polygon Price prediction by Wallet Investor also indicates that the Matic token will have an incredible run in the following years. Their findings continue to make bold Matic price predictions that show a much more impressive bull run than Trading Beast’s.
Wallet Investors claim that Matic tokens will hit different price targets; however, the average price of one token after one year would be $ Similarly, the coin is expected to be worth $ in 5 years, indicating a profitable investment for long-term investors.
Cryptopolitan’s verdict on Polygon (Matic)
Cryptopolitan acknowledges the massive potential of the polygon project and how it impacts Ethereum by allowing off-chain transactions and consequently reducing network congestion. Polygon is a solid project that reduces gas fees and contributes to the overall growth of the Ethereum token and ecosystem.
Following its numerous qualities, it is difficult to turn a blind eye to the potentially bright future of the token. Cryptopolitan can strongly recommend Matic as a cryptocurrency for short and long-term investors. However, this recommendation is not to be taken as investment advice but rather an insight for individuals who do their research.
Below are some of the predicted prices of the token for the next five years and beyond. The data portrayed is meant to guide new investors to make current investment decisions.
Polygon (Matic) price prediction for
In , we predict an overall positive growth to continue. Matic continued to resist challenges and even set new milestones after the famous hack on its network.
The token is a good investment option for short-term holders because we project the token to close with a minimum value of $, which is still a 10% return on investment. The maximum expected price could be as high as $
Polygon (Matic) price prediction for
In , that the token will continue to increase its value. Since it is projected that the token will have maxed out its maximum supply by the end of , 2o23 looks even more promising. The long-term earning potential for the token increases significantly after the entire supply has been reached.
The price predictions for the token indicate that it will record a minimum value of $ and a maximum value of $ by the end of December The average price of one token in the same month will be $
Polygon (Matic) price prediction for
Many crypto experts view the Polygon token as a long-term project since it is one of the pioneer projects to successfully exploit the Ethereum network and scale it by facilitating off-chain transactions. The developments advanced to allow the Etheruem network to interact with several other blockchain technologies.
The cryptocurrency market is destined to witness a rise in the token’s price. According to Polygon forecast , the token will register a minimum value of $ and a maximum value of $ By December , the average price for the token will be $ The data above implies a 53% increase, a conservative Polygon prediction but still maintains a bullish momentum.
Polygon (Matic) price prediction for
Nine years from now is an incredibly long time to make accurate forecasts; however, projections can be made based on the prevailing growth rates while keeping all other variables constant. Realistically, many changes will have transpired in the crypto work in nine years; however, based on available data, Matic can trade at $ $ by
Polygon (Matic) price prediction for
Making predictions for are equally complex. Cryptopolitan expects the price of the token to increase systematically over the years. By considering the witnessed growth, a single token can trade at $ $ in
Although the crypto world has been highly volatile in the past few months, Matic has maintained the same price level for a long time with minor changes. Considering the projections about the token price, it is highly likely that long-term investors will make good profits from the token.
Similarly, scalpers, day traders, and short-term holders may also use Matic as a fantastic investment tool. It provides tremendous opportunities for crypto investors of various risk profiles. For instance, risk-tolerant investors may purchase and hold the token for ten years or more. The individual will be accepting more risk, and in return, the individual will benefit from the projected high percentage price changes during that period.
We always encourage new investors to do enough research before leaping to buy a particular cryptocurrency. Ideally, crypto investments are considered riskier than conventional real investments like real estate. However, the higher risks are often accompanied by higher returns.
Investors need to practice proper risk management strategies to protect their cryptocurrency portfolio from necessary losses. For research purposes, below are some frequently asked questions about the token.
Is Polygon (Matic) a safe investment in ?
Technical analysis indicates that the overall Matic coin price in may not change significantly. Therefore, short-term holders may not benefit from buying and holding the token until December of Currently, an ongoing bearish trend is projected to last a short while, and it may affect the projected prices indicated above.
However, investing in Matic is encouraged for an individual with a long-term perspective since it has a robust earning potential.
What are the risks of investing in Polygon (Matic)?
Currently, it is hard to tell any specific risks tied to Matic as an individual project. However, a security risk was exposed this year when hackers managed to steal tokens worth $ million in August.
Other than the security risk, the project is relatively stable. One thing that could jeopardize the success of the Polygon project is competitors such as Polkadot, Cosmos, and Avalance.
Where can I buy Polygon (Matic) crypto?
Matic is popular on nearly all centralized and decentralized exchanges. It is listed on CoinMarket Cap and Coingecko as number #23, with a total market cap of $7,,, Since there are thousands of cryptocurrencies today, being ranked number 23 by market capitalization signifies that the coin is a stable and trusted token.
Today, it is traded on Coinbase crypto exchange, Binance, Huobi Global, Binance.US, and FTX under spot trading.
Should I invest in Polygon (Matic)?
Depending on your investment goals, Polygon coin may be suitable for you or not. For instance, new crypto traders are known to lose money generally. Therefore new traders trading Matic are exposed to more risks and more chances of losing the dollar value of their investment.
However, for long-term investors, Matic is a great investment platform that provides crypto investors with an opportunity to make significant gains. Over a prolonged period, Matic is worth investing in considering its price prediction.
Is Polygon (Matic) profitable for short-term investors?
Matic price prediction for the short-term does not show significant gains over the short term implying minimal activity in its price action. Therefore, crypto investors looking to profit in a short period may not benefit from investing in the token.
However, experienced traders may seize the opportunity and make profitable trades on the relatively inactive trend charts.
Should I buy and hold Polygon (Matic) for the long term?
Based on the Matic price prediction and technical analysis, it is evident that Matic will perform better in the long run. The Ethereum based project champions interoperability, a concept that has crippled blockchain technologies for a long time. The successful execution of the project will undoubtedly result in an overall increase in the value of the Matic.
Therefore, it is safe for crypto investors to make long-term investments with the Polygon crypto.
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.
Three reasons why MATIC price will breakout to a new all-time high at $
- MATIC price is breaking out of an ascending triangle pattern, hinting at a % ascent.
- Transactional data shows barely any resistance level ahead for Polygon, suggesting a swift move higher.
- The Layer 2 solution has been at the center of DeFi evolution, making it perfectly positioned for the upcoming bull run.
MATIC price breached a crucial resistance level that has prevented it from rallying four times over the past four months. The recent attempt seems to have an extra oomph behind it, hinting that this run-up could trigger a massive move.
Technicals scream bullish for MATIC price
MATIC price set up roughly four equal highs since June 6 and three higher lows since July Connecting these swing points using trend lines shows the formation of an ascending triangle.
This technical formation forecasts a % ascent, determined by measuring the distance between the first swing high and low and adding this to the breakout point at $, which reveals a target of $
While this move for Polygon might seem straightforward, MATIC price will face $ and $, two significant hurdles before it can retest its all-time high at $ Clearing these blockades will open the path to the target at $
Using trend-based Fibonacci extension levels, market participants can identify pit stops where MATIC price may head into a price discovery phase. The first barrier is $, which is followed by the % extension level at $, just above the forecasted target.
This forecast is based on a short-to-mid-term perspective for MATIC price. The longer-term outlook reveals triple digital targets for the Layer 2 token in the upcoming bull run.
MATIC/USDT 3-day chart
On-chain metrics and growing fundamentals
Supporting the start of a massive uptrend for MATIC price is the increase in daily active addresses (DAA) joining the Polygon blockchain over the past three months. This uptick in the 7-day Moving Average (MA) of DAA suggests that investors and capital are flowing into the market, adding credence to the bullish thesis.
MATIC DAA chart
On a similar note, IntoTheBlock’s Global In/Out of the Money (GIOM) model reveals that the only resistance level that will prevent an ascent in Polygon’s market value is at $ Here, roughly thousand addresses purchased million MATIC.
Therefore, a decisive close above $ will flip these underwater investors to profitable, removing the potential sell-side pressure, allowing MATIC price to continue its ascent without anything to hold it back.
In this case, MATIC price will head straight towards its all-time high at $ and beyond.
MATIC GIOM chart
The last week saw Polygon network benefit from $ million in inflows. While daily revenue was up 15%, the number of daily active addresses hit , Moreover, the Layer 2 network bridged a whopping $ million in value.
These growing fundamentals hint nothing but bullishness for Polygon, adding a tailwind to the forecast.
MATIC on-chain metrics chart
Polygon has been at the center of DeFi evolution. From yield farming to NFTs, MATIC has helped users reduce fee costs. Moreover, Bitwise, a popular crypto investment fund manager, has decided to offer Polygon Fund to help make scaling solutions available to investors.
Matt Hougan, Chief Investment Officer at Bitwise, stated that Ethereum’s lack of scaling capabilities had muted its development around NFTs or DeFi. Adding more, Hougan revealed,
Many are working on Ethereum competitors to solve this, but Polygon has seen breakthrough traction with a uniquely complementary solution that boosts Ethereum’s speed and efficiency. Investors have been asking about this rising star. With the new Bitwise Polygon Fund launching today, we’re excited to continue helping investors gain access to the expanding set of opportunities emerging in crypto.
It should be noted that this new fund will only be available to accredited investors with a $10, minimum investment and weekly redemptions.
While things are looking up for MATIC price, a breakdown of the $ support floor will signal a weakness among buyers. In this case, Polygon bears are likely to knock it down toward the $ demand barrier, a breakdown of which will likely push the Layer 2 token below the ascending triangle’s lower trend line, invalidating the bullish thesis. In such a situation, MATIC price could revisit the $ support level.
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