Are you wondering if 2022 is a good time to buy Polygon’s MATIC? Or maybe due to the constant news on the regulation of cryptocurrencies, you are unsure if MATIC is safe to invest in?
If you are new to the world of decentralized finance and therefore investing in MATIC and DeFi coins, you might be wondering if Polygon is a good investment, or should I invest in MATIC?
Well, based on fundamental and technical analysis, several analysts and experts believe Polygon is likely a good investment, and investing in Polygon (MATIC) as one of the best high-yield assets is one of the best decisions you could ever make.
As the novel token powering Polygon, MATIC has increased substantially since 1st January 2021. From a thorough assessment of its price history in 2021, MATIC reaching an all-time high of $2.92 in December is significant evidence that the digital asset is not slowing down. This is the primary reason why most experts think MATIC has plenty of room for growth based on the continued success of Ethereum that makes its issuing authority, Polygon, stay relevant as a layer-2 scaling solution.
Others believe that investing in Polygon (MATIC) is one of the smartest decisions any novice or experienced investor can make with an eye on the long term. Therefore, 2022 could be the right time to invest in Polygon (MATIC) while the coin is not only performing well but trades at a relatively smaller price than other competing digital currencies.
In this article, we will break all Polygon-related myths circulating online and help you conclude if you should consider investing in Polygon (MATIC).
If you want to invest in MATIC easily and quickly, check out eToro!
- What Is Polygon? A Simple Explanation
- Is Polygon (MATIC) a Good Investment?
- Should I Invest in Polygon (MATIC)?
- Should I Invest in Bitcoin or Polygon’s MATIC?
- How Much Could Polygon’s MATIC Be Worth?
- Who Should Include Polygon’s MATIC In Their Portfolios?
- Is Investing in MATIC Risky?
- Does Polygon Have a Future?
- Conclusion: Is Polygon’s MATIC a Good Investment?
What Is Polygon? A Simple Explanation
Polygon is one of the most popular scaling solution protocols in the decentralized finance space. Its novel token, MATIC, is the 16th largest digital asset by market capitalization after giants Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Cardano (ADA), and Binance Coin (BNB) among others. MATIC is used to power transactions on the Polygon protocol. Polygon was launched in October 2017 and it is a well-structured layer-2 scaling solution platform that improves the functioning of decentralized finance applications on the Ethereum Network. Aside from that, Polygon can also be employed for infrastructural development. Founded by Sandeep Naiiwal, Anurag Arjun, and Jaynti Kanani, Polygon comprises The Polygon Team, Polygon Network, and MATIC.
After seeing a boom in cryptocurrency after the creation of Bitcoin, Litecoin, Dogecoin, Dash, and Ethereum, Vitalik Buterin decided to go a step further. He enabled smart contracts on his blockchain which made it possible for the creation of decentralized applications (DAPPS). Since the DAPPS ran on Ethereum, it faced the same relatively slower processing speeds Ether (ETH) was known for. Polygon serves the primary purpose of stimulating the mass adoption of cryptocurrencies by finding a permanent solution to the scalability problems associated with Ethereum and other blockchains.
With such a boom in decentralized finance and the number of users on Ethereum, most developers have integrated their DAPPS with the Polygon Network. This is the main reason why several experts believe MATIC may soon be the next 100 billion-dollar crypto because of its function in governance, staking, and paying for transactions. A few believe MATIC may surpass Ether (ETH) someday to become the second-largest digital asset globally.
Polygon (MATIC) Investing: Getting Started
To start investing in Polygon (MATIC), you first need to register online with an exchange that will allow you to buy and invest in MATIC. What is an exchange? An exchange is a platform that facilitates the trading of cryptocurrencies for other assets that include fiat and digital currencies. In the last week of June 2021, the Financial Conduct Authority (FCA) ruled that the largest cryptocurrency exchange globally, Binance, cannot embark on any regulated activity in the United Kingdom. The regulatory body went on to advise sceptics about the dangers of investing in MATIC and other digital currencies based on advertisements that promise high returns on crypto assets investments.
As a result, millions of people have started asking questions as to which cryptocurrency platform can grant them the needed permission to trade and invest in Polygon’s MATIC and other crypto trading assets without any regulatory problems.
As an e-learning organization, we would like to recommend eToro as the exchange that can safely and securely store your coins. eToro is the world’s leading social trading and investing platform that was founded in 2006. The company continues to provide essential services and has registered offices in the United Kingdom, the United States, Australia, Israel, and Cyprus. For 15 years, eToro has operated without incident. Kindly follow the steps below in their entirety and you would be set on buying your MATIC.
OPEN AN ETORO ACCOUNT. The first step is to SIGN UP. You can do this by providing details of your full legal name, email & residential address, and contact number. You must note that eToro will verify your email and contact number first, so make sure those details are authentic.
eToro KNOWING YOUR CUSTOMER PHASE. The second step is to VERIFY YOUR ACCOUNT. eToro as part of regulatory demands will ask you to provide a government-issued identification card that confirms the details earlier on input during the signing up phase. More often than not, ID Cards with your signature embossed quicken the verification process.
DEPOSIT FUNDS INTO YOUR ACCOUNTS. The third step is to take advantage of the numerous payment options offered by eToro such as PayPal, Skrill, Credit/Debit Cards, Neteller, Rapid Transfer, iDEAL, Klarna/Sofort Banking, Bank Transfer, and Online Banking. Based on the amount of money you have set aside to risk, you can upload fiat currency in the form of EUR, USD, or GBP.
NAVIGATE TO POLYGON’S MATIC PAGE. On this page, you can buy several MATIC that meet your budget. It would be processed and added to your account.
Is Polygon (MATIC) A Good Investment?
As MATIC is the 13th largest digital asset globally and Polygon continues to be one of the most popular scaling solution platforms, many crypto experts believe that Polygon’s MATIC is a good investment compared to other mainstream cryptocurrencies and decentralized finance (DeFi) tokens. Despite all the ups and downs in MATICs history, analysts think that MATICs price could grow exponentially in the long term.
One of the factors that will influence investing in MATIC in 2022 is its impressive yearly returns. As a newcomer to Polygon and its novel token, you would be surprised to know that MATIC has returned 7,248.69% for holders who sold the cryptocurrency at the right time. MATIC began by opening the year on 1st January at $0.02 and by the middle of May was trading for a coin at $2.68. Due to the bearish outlook of the cryptocurrency market in June which looked forward to recovering in July, MATIC had shed a huge amount of its price. By September the token had climbed to $1.7 again only to grow even more and reach its current all-time high of $2.92 at the end of December 2021.
In the first 3 months of 2022 MATIC was trading between $1.4 and $2.4. Driven by the bearish crypto market, Polygon's price dropped to $0.38 in June. Since then MATIC managed to recover and currently, MATIC is trading at $0.8.
When there is a market crash, unsophisticated investors (novice or inexperienced) see this as a bad sign and decide to opt-out of their investments or forget about embarking on any investment journey. This shouldn’t be the case. This is because there are crypto terminologies you need to be introduced to and one of them is called an UPTREND. According to Cory Mitchell of Investopedia, “An uptrend describes the price movement of a financial asset when the overall direction is upward.
The uptrend is therefore composed of high swing lows and higher swing highs.” After reaching its all-time high of $2.68 on 18th May, MATIC plunged to a new high low of $1.08 on Sunday, 23rd May. With the price becoming relatively lower than competing cryptocurrencies and increased investor interest which is reflected through the daily trading volumes of more than $700 million, several analysts estimate MATIC will soar above its all-time high price by the end of 2021 and bring more gains to long-term holders.
One of such analysts was found at pickacrypto.com. In the long term (2023-2025), Polygon’s MATIC is forecasted to command a trading price in the range of $20 to $50. With such a forecast, pickacrypto.com has given you a legitimate reason as to why Polygon (MATIC) is a good investment.
Read Also: Pros and Cons of Investing in Polygon
Should I Invest in Polygon (MATIC)?
Why should I consider investing In MATIC? Well, Polygon is an innovative technology that is changing the way blockchain technology scales. To be more precise, Polygon has introduced effective layer 2 scaling that allows DAPPS and other blockchains to scale efficiently. Thanks to the introduction of Polygon, several crypto projects have followed suit and are revolutionizing scaling.
One of the many reasons why you should consider investing in Polygon’s MATIC is its partnerships.
In April 2021, Polygon announced an official partnership with GraphLinq Protocol. The primary purpose of this is to help GraphLinq utilize the layer 2 solutions of Polygon to save relatively higher sums of money on gas fees. What is a layer 2 solution? This is a collective term for software solutions that are designed with the intention of scaling applications by handling transactions off the Ethereum mainnet and instead executing them on the Polygon Chain.
Since the average block time of Polygon is 2 seconds, the resultant average transaction cost is $0.02. This is relatively lower than the gas fees of Ethereum which stands at $2. Aside from this, GraphLinq has also integrated the Polygon Chain into their Engine and IDE to create events, connectors, and live information from the chain’s activity that may go a long way to expand the audience and possibilities of Polygon.
But how does this impact the price of MATIC? The native token of GraphLinq is called GLQ. To maintain the state of the graphs running over the Engine network from the interface (app.graphlinq.io), users must pay fees that are based on the graph execution cost. To do this, they must deposit GLQ on the cloud contract balance. This is used to run and fuel block executions. Before this partnership, the current cost for a single deposit or withdrawal from the cloud contract balance was relatively higher due to gas fees on Ethereum.
Polygon has created a mapping system that bridges GLQ tokens to the MATIC mainnet. This allows you to swap the Ethereum version for the GLQ token on MATIC. Together, the GLQ MATIC token is formed and has been deployed on the MATIC Chain. Users of GraphLinq who are fed up with the high fees of Ethereum can now use the protocol on Polygon. With the native token of Polygon, MATIC, being instrumental in executing transactions on GraphLinq, more liquidity will be poured into the digital asset. In the long term, this will go a long way to bolster the price of the cryptocurrency.
In June 2021, Kyber Network announced integration with Polygon as well as the launch of a liquidity mining program. The primary purpose of this partnership is to help the decentralized exchange Kyber Network which is based on Ethereum to use Polygon’s solution to enhance the liquidity of its application. According to a representative of the Kyber Network, it will expand to the Polygon Network, and launch Rainmaker. Rainmaker is the first liquidity mining program on Ethereum and Polygon. Speaking on the partnership, co-founder of the Kyber Network, Lio Luu pointed out that, “We believe this will empower more liquidity providers, traders, and developers to effectively engage in the world of decentralized finance.”
How does this impact MATIC? Through the Rainmaker Program, more liquidity will be poured into the Polygon ecosystem. Polygon Liquidity Providers will receive $5 million. During the three months (July to September), particularly the first 2 months, there were six eligible liquidity pools that will receive Polygon’s MATIC tokens that are worth $500,000. This means that the more liquidity provided through MATIC, the greater the chance a Liquidity Provider (LP) stands at getting enormous rewards. Due to this, MATIC saw increased activity and this will reflect positively on its price and overall value of the cryptocurrency.
CryptoNewsZ believes you should consider investing in Polygon (MATIC). According to the experts, the partnerships and alliances formed would push the Polygon Team to upgrade the platform to scale 100,000 transactions per second (TPS).
Don't Miss: Polygon Price Prediction for 2025 and 2030
Should I Invest In Bitcoin Or Polygon’s MATIC?
You can invest in MATIC and Bitcoin only if you understand the future partnerships and milestones each crypto aims to accomplish. That will give you a clear direction as to the future price patterns of a cryptocurrency. What are the pros and cons of investing in MATIC and Bitcoin?
To begin with, MATICs issuing authority Polygon continues to form partnerships utilizing the rising interest in the use of decentralized finance applications. This is the primary reason why it has more than 400 DAPPS running on its chain. BTCs issuing authority, the Bitcoin blockchain continues to accomplish milestones. Before the end of 2021, BTC had its first upgrade in 4 years.
TAPROOT enables BTC to trigger smart contracts and scale relatively faster than the current 4.6 transactions per second (TPS) it processes. On the other hand, MATIC could be affected if Ethereum accomplishes its milestone called Ethereum 2.0. This will improve the scalability of Ethereum from the current 15 to 30 to at least 100,000 transactions per second (TPS). Bitcoin continues to plunge due to a crackdown on its usage and the mentioning of its name with regards to regulation as well as its usage in illegal activities online. This has even seen the digital coin flagged by EUROPOL.
With the pros and cons of investing in MATIC and BTC under perspective, numerous factors back investing in the two digital assets. But these are fundamental. To help you decide on the better digital asset to buy, let us consider the price forecasts of the two cryptocurrencies with an eye on the short and long term.
Coinpedia has made predictions on Bitcoin and Polygon’s MATIC. According to the experts, MATIC could command an average price of $1.4141, the minimum price of $0.9588, and the maximum price of $1.8351 by the end of 2023. According to the same experts, Bitcoin (BTC) could command an average trading price of $34,412.75, a minimum price of $23,218, and a maximum price of $43,959.19 by the close of 2023.
In the short term, MATIC and BTC could return at least 75% and 112% respectively.
In the long term, Coinpedia predicts MATIC could trade for a coin at an average price of $3.8435, the minimum price of $2.6285, and the maximum price of $5.0678 by the end of 2025. The experts further estimate Bitcoin to command an average price of $95,298.65, the minimum price of $65,556.29, and a maximum price of $124,867.54 by the year’s end of 2025. In the long term, MATIC and BTC could return at least 375% and 487% respectively.
From the fundamental and technical analysis provided, investing in Polygon’s MATIC in the short and long term will bring you high returns.
Will MATIC Get As High As Bitcoin / Will MATIC Overtake Bitcoin?
YES! MATIC could get as high as Bitcoin (BTC) someday and even overtake it. This is because of the unpredictable nature of the cryptocurrency market. With that said, the two cryptocurrencies are different in the functions it provides its users. Bitcoin is a transactional currency as well as a store of value. MATIC is a governance token that powers the Polygon Network.
As a result, Bitcoin continues to see more mileage from the millions of merchants it is integrated with. This sees billions of dollars poured into the cryptocurrency daily. As of the time of writing, BTC has been involved in 229,629 transactions in the last 24 hours worth $2.47B. Aside from this, BTC has a relatively higher price ($16,220), records daily volumes higher than the market capitalization of MATIC, and has a market capitalization of $311 billion at the time of writing.
At the same time, MATIC had a trading price of $0.8, a trading volume of $488 million, and a market capitalization of $7.1 billion. With such statistics, it would be extremely difficult for MATIC to get as high as BTC in terms of price, trading volume, and overall valuation of the crypto.
Will MATIC surpass BTC? While this is not impossible, Gov. Capital estimates MATIC to command the highest possible price of $8.6 in 5 years. The same experts believe Bitcoin could command the highest possible price of $229,669. With such predictions in sight, you can see that MATIC will need to increase by 2,670,470% before it can attain the heights of Bitcoin. Therefore, MATIC cannot surpass BTC in the short or long term.
How Much Could Polygon’s MATIC Be Worth?
Several price forecasts have been made for MATIC. Let us take an insight into some of the forecasts that find answers to MATIC Price Prediction 2023, MATIC Price Prediction 2025, and MATIC Price Prediction 2030.
According to Digital Coin Price MATIC could command the best possible prices of $2.08 by the year’s end of 2023 and $2.92 by the close of 2024 in the short term. In the long term, experts expect MATIC to trade for a coin at $3.75 (2026), $4.49 (2027), and $6.10 (2028).
PricePrediction forecasts Polygon (MATIC) to trade at an average price of $1.34, the lowest possible price of $1.29, and the best possible price of $1.56 by the end of 2023. MATIC could command the best possible trading prices of $2.27 by the close of 2024.
CryptoNewsZ expects MATIC to be trading between $0.8 and $1.03 in 2023 and to reach the maximum price of around $1.07 by the end of 2024.
According to the analysts at Coin Price Forecast, MATIC could command best possible prices of $1.12 (2023), $1.28 (2024), $1.47 (2026), $1.73 (2027), $1.76 (2028), $1.98 (2029), $2.08 (2031), and $2.26 (2032).
How Much Is MATIC Worth In 2025?
Digital Coin Price forecasts MATIC to trade for a coin at $3.75 by the close of 2025.
PricePrediction expects Polygon’s MATIC to have an average trading price of $2.88, the lowest possible price of $2.80, and the best possible price of $3.29 by the end of 2025.
CryptoNewsZ predicts MATIC to have a minimum price of $1.05 and a maximum price of $2.5 in 2025.
The experts at Coin Price Forecast predict Polygon’s MATIC to have prices of $1.14 by July ending and $1.29 by the end of 2025.
What Will MATIC Be Worth in 2030?
According to the analysts at Coin Price Forecast, Polygon’s MATIC could command a price of $2.09 by the end of July, and trade for a coin at $1.91 on 31st December 2030.
On the other hand, CryptoNewsZ thinks MATIC may go up to $7.3 by the year 2030.
Will Polygon’s MATIC Go Down In 2023?
NO! Polygon’s MATIC Will NOT Go Down In 2023. Whatever happens, like all digital assets, there would be bullish engulfing and bearish seasons. Polygon (MATIC) has shown a great deal of resistance in the cryptocurrency market as it failed to follow the price patterns of Bitcoin in the latest crash.
MATIC is not going down because it continues to see liquidity through the 400 DAPPS running on Polygon’s Chain. Additionally, as many developers continue to create decentralized applications on Ethereum and they are unable to scale faster, the primary road for relatively faster scaling will lead the developers to integrate their DAPPS with Polygon. This is the main reason why you can be rest assured that MATIC is not going down in 2021 since more activity will continue to befall it on the Polygon mainnet and various cryptocurrencies.
Who Should Include Polygon’s MATIC In Their Portfolios?
There are several types of traders and investors who could make enormous gains from investing in MATIC. Among them are:
- Cryptocurrency Traders - Since they have specialized in trading cryptocurrencies for a living, using fundamental research and technical analysis, these traders can get to know more about the potential price MATIC could command in the future. This will help them decide on the digital currency and make gains in the short and long term.
- Day Traders - these traders take advantage of multiple percentage swings in the prices of digital assets during the day. Since MATIC is highly volatile and continues to see huge daily trading volumes, having this cryptocurrency in a portfolio can bring a decent passive income in short periods.
- Decentralized Finance Enthusiasts - Decentralized applications continue to trend online due to the high percentage yields they are bringing their users. Since Polygon continues to integrate DAPPS, reading about the number of DAPPS on the platform coupled with the volume being recorded on the network in comparison to Ethereum can go a long way to help an enthusiast decide on MATIC.
- Growth Investors - these are investors who are interested in projects with a long-term outlook. Polygon is a relatively newer project that has brought great innovation to the DeFi space. Reading newsletters, following social media feeds, getting to know the milestones of the project, investor interest, and market capitalization can help such investors decide with the long-term price valuation of the digital asset in mind. MATIC is a financial instrument growth investors should consider.
But is 2022 too late to buy MATIC?
NO! 2022 is NOT too late to buy MATIC. It may come as a surprise to you that on the 1st day of 2021; MATIC had a price of $0.02. MATIC is extremely affordable as it continues to trade below $1 per coin. With huge validation from prominent investors such as Mark Cuban and partnerships with blockchains and applications with a strong user base, investing in MATIC in 2022 will surely lead to gains. At $0.8, purchasing 100 MATIC will cost $80. Buying 1000 MATIC will deplete your savings by $800. As per the budget you have set aside to risk, you can buy some MATIC tokens and see where it would take you as per the investment goals you have set.
Is Investing in MATIC Risky / Could Polygon Be a Bad Investment?
YES! Investing in MATIC like all other cryptocurrencies is very risky. Investing in MATIC could be one of the worst investments made if you do not consider all the essential factors. As a trader or investor, you should know that the price forecasts being made by analysts and experts are based on possibilities and not certainties. MATIC does not have a perfect crypto trading history.
There are thousands of people who have made huge gains from MATIC in 2021. With that said, others have lost millions of dollars from the same investments after MATIC plunged more than 50% after reaching a high of $2.68 in May.
This is the primary reason why the Financial Conduct Authority (FCA) of the United Kingdom has clamped down on cryptocurrency exchange Binance. The primary reason for the ban is to prevent people from losing more money on digital assets such as MATIC. Invest in Polygon’s crypto and other digital currencies with an amount of money that will do nothing to your finances so that you do not lose the security you currently enjoy.
Does Polygon Have a Future?
YES! Polygon Does Have a Future. Polygon is the biggest Layer-2 scaling solution to Ethereum's gas fee problem. Moreover, scalability is a huge problem across the world of blockchain technology. This means that Polygon will continue to forge great alliances with companies and bring huge user activity to the network.
On the negatives, numerous question marks can also be raised as to the future of Polygon.
There are whispers that Ethereum 2.0 will be completed by the end of 2023. If this happens, Ethereum will compete with Polygon for existing and new DAPPS. Other blockchains may upgrade to other algorithms under the proof-of-stake (POS) umbrella, scale faster, and not need the scaling solution of Polygon anymore. This could hamper the continuity of the layer 2 scaling solution platform and negatively impact its novel token, MATIC in the long term.
How safe is Polygon?
Polygon is very safe. According to its official website, there is modular security as a service and this is provided either by Ethereum or by a pool of professional validators. Since it runs on Ethereum, it automatically falls under its protection. With this, hackers will need to gain more than 50% of computational power to be able to control the network. This is the primary reason why projects such as Polymarket, Aavegotchi, Decentral Games, SportX, Easyfi, and Neon District continue to run on Polygon. You can trust its layer 2 solution to scale your application or blockchain and its cryptocurrency MATIC to bring you consistent passive income.
How Legit is Polygon’s MATIC?
Polygon’s MATIC is highly legit. The legitimacy of crypto can be assessed by the kind of companies that back the project. Polygon has the backing of the United States cryptocurrency exchange Coinbase as well as Binance. Coinbase and Binance are two of the most renowned crypto projects.
The two exchanges record billions of daily volumes. Representatives of the two centralized exchanges threw their support at Polygon as an innovative solution and its native asset, MATIC, by listing it for trading on their platforms. Unlike other crypto projects which do not have visible people that can be held accountable, Polygon’s Core Team and Advisory Board respond to emails and appear on crypto forums such as Coindesk’s Consensus 2021 to answer questions about the way forward of the project.
Polygon is also connected in numerous ways to the Ethereum Foundation and Coinbase through representation on its board. If you are an investor with doubts about the validity of the project that is making it difficult for you to trust the stability and security of its cryptocurrency, you can trust eToro to handle your trading and investment activities. eToro enlisted MATIC in June 2021. As a multi-asset exchange, it continues to serve millions of people and will provide you with a user-friendly platform.
Alternatives to Polygon’s MATIC
Despite the possibilities of MATIC in the market, it is not the only cryptocurrency on the market. There are others such as Binance Coin (BNB), Bitcoin (BTC), Bitcoin Cash (BCH), Chainlink (LINK), Polkadot (DOT), Litecoin (LTC), Ether (ETH), EOSIO (EOS), Shiba Inu Coin (SHIB), ZCash (ZEC), Cardano (ADA), Dogecoin (DOGE), and Tronix (TRX). These digital assets have returned more than 35% gains for investors in 2021 and could bring you more gains in the future.
Conclusion: Is Polygon’s MATIC a Good Investment?
YES! Polygon is a good investment in the short and long term as per the price forecasts of experts and analysts at Coin Price Forecast, Digital Coin Price, CryptoNewsZ, CoinPedia, PricePrediction, and Gov. Capital. On average, they predict MATIC to re-test $1.3 in the short term and at most $3 in the long term. MATIC is a medium cap asset as it falls into the range of at least $2 billion and at most $10 billion. If it continues to trend upwards, MATIC will become the next large-cap digital asset.
Investors who bought 100,000 MATIC at $0.02 on 1st January 2021 saw their savings accounts deplete by $2,000. If the investors sold the asset in May 2021 when the digital currency was trading above $2, they would have walked away with at least $200,000.
So, is Polygon’s MATIC a good investment? In July and the months leading up to the end of 2021, MATIC can be considered a good investment. If you are looking forward to investing in the cryptocurrency, now would probably be the right time to do so.
While no investment is risk-free, investing in Polygon (MATIC) generated more than 14,100% return in 2021. Is it worth investing in Polygon (MATIC)? YES, based on the number of users of its platform, its ease of accessibility, its usage in liquidity programs, and constant investor interest, MATIC is worth investing in.
Whether you are new to MATIC investing or just curious about making more out of your cryptocurrency investments, understanding what to know before investing in Polygon (MATIC) is extremely crucial. Based on the percentage return earlier pointed out, you could also see a huge spike in your investment in the short or long term.
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