A good number of cryptocurrencies are showing strong growth potential, and investors with keen eyes must have noticed that Polygon is one such token. Polygon’s increasing popularity is no fluke at all. The project is entering a new phase, and many experienced investors believe it is in line to become the next crypto to explode.
In this post, we’ll provide a comprehensive Polygon price prediction, including short term and long term Polygon price forecasts. Next, we’ll discuss what the Polygon token (MATIC) is used for and how future utility will affect price. Additionally, we’ll discuss the factors that drive the price of MATIC and provide latest news surrounding the token. Also, we’ll recommend the best place to buy Polygon (MATIC) and answer some relevant questions.
Based on 17 analysts offering 12 month price targets for Polygon have a median target of $2, with a high estimate of $2.50 and a low estimate of $1.25. The average price target represents a 75% change from today's price.
Curious about Polygon long-term outlook? Here’s a quick summary of the latest Polygon price forecast for the coming years:
- End of 2023: Polygon has enjoyed a sustained increase in its price at the time of writing this guide. The general market feeling shows that this coin will continue to rise in price, therefore we estimate that Polygon price prediction can reach $1.65 per MATIC before the end of 2023.
- End of 2024 — Polygon is expected to continue its current bullish trend till next year. Market factors, especially increasing demand will drive the price as the crypto space recovers fully from the recent historic bear market. Owing to this fact, MATIC price prediction for 2024 is likely to reach $3.00 beating its current all-time high value.
- End of 2025 — We’ve already predicted a sustained crypto bull market but it’s important to stress that coins like MATIC will benefit meaningfully from it. It is expected that Polygon price forecasts will be able to rise to about $4.52 in 2025.
- End of 2030 — The Polygon ecosystem shows significant growth potential. Seven years is enough for the network and its token to mature and become a lot more attractive. As many projects launch on the Polygon ecosystem, they will help Polygon (MATIC) price prediction to reach about $14.62 by the end of 2030.
- End of 2040 — The fact that Polygon advances the use of Ethereum and has in a way made itself the Internet of Blockchains, it will grow significantly even before 2040. From our expert analysis, our long term Polygon price prediction suggests that the token can grow to $30.56 in 2040.
Cryptoassets are a highly volatile unregulated investment product
MATIC Overview
| Cryptocurrency | Polygon |
|---|---|
| Ticker Symbol | MATIC |
| Rank | undefined |
| Price | $NaN |
| Price Change 24h | 2.78% |
| Price Change 7d | 1.73% |
| Market cap | $NaN |
| Circulating Supply | 0 |
| Trading Volume | $1,267,062.59 |
Polygon Price History
Although Polygon is not as old as Bitcoin, the coin is not really a new cryptocurrency. It has been in existence for a while, building its reputation slowly to become one of the top five best altcoins in the crypto market today. It is therefore necessary that we highlight the background of the Polygon token before delving deeply into the Polygon price prediction sections.
Polygon, previously called Matic Network, is a technology that enhances Ethereum's ability to process transactions quickly and cost-effectively by providing a Layer 2 scaling solution. It is built on a Proof-of-Stake (PoS) consensus algorithm and supports Ethereum Virtual Machine (EVM) compatible smart contracts.
Polygon’s infrastructure makes it easier for developers to migrate their Ethereum-based dApps to the Polygon network. Polygon is designed to offer a seamless and efficient transaction experience, allowing users to perform complex transactions quickly and at minimal costs.
Polygon MATIC/USD price chart. Source: Coinmarketcap
Polygon was established in October 2017 under the name Matic Network by a team comprising Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. The main objective of the project was to create a platform that is both scalable and user-friendly. In February 2021, the company underwent a rebranding and changed its name to Polygon, reflecting its expanded emphasis on multi-chain scaling solutions and interoperability.
In 2019, the Polygon token (MATIC) began trading on top crypto exchanges, enabling it to power the network and conduct transactions both within and outside of the ecosystem. Coingecko data indicates that it launched on April 26th, 2019, with an initial value of $0.00547.
After it began trading on top crypto exchanges, MATIC maintained a steady flat price for a long period. The coin recorded its all-time low price of $0.0031 on May 10th, 2019. Throughout that year, it remained low-priced, finishing the year at about $0.0142 per token.
Polygon (MATIC) picked up momentum in 2021. It quickly went from $0.0175 in 2020 to hitting the $1 mark in the next year, 2021. The bullish run of the token was in tune with the generally bullish crypto market. It continued throughout this year and helped the coin reach its all-time high price of $2.92 on Dec 27th, 2021.
By the beginning of 2022, MATIC dropped in price and continued on a downward spiral throughout the year. Earlier this year, the coin picked up again and by 18th Feb 2023 it had reached $1.49, signaling a potential long term bull run.
Before moving on to the next section of our Polygon price prediction, here is a quick recap of the vital points that have been discussed so far:
- Polygon is a layer 2 scaling solution for Ethereum that aims to address some of the key limitations of the Ethereum network making it a top altcoin
- Polygon uses a Proof of Stake (PoS) consensus mechanism to validate transactions and secure the network
- Polygon offers faster block times and lower gas fees than the Ethereum network, making it a more cost-effective and efficient platform for decentralized applications (dApps)
- Polygon was founded in 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. The Matic Network underwent a rebranding and became Polygon in February 2021
- From Coingecko data, it is clear that the Polygon token (MATIC) began trading on April 26th, 2019, with an initial average price of $0.0054 on the first day
- Polygon recorded its all-time low price on May 10, 2019, when it traded at $0.0031 per token
- In 2021, Polygon enjoyed a major bull run which saw its price increase dramatically to a record all-time high of $2.92, on Dec 27th, 2021; this bull run occurred during the general bull market
- From all indications, it seems that Polygon has entered another bullish market, and it is expected that this Bull Run will be sustained for a long while.
Polygon Price Prediction 2023
Moving on, it is important to get a clear understanding of what the Polygon price prediction chart will look like in 2023. In the previous sections, we have clearly stated that Polygon will experience a strong bull run in the coming years. How will this bullish polygon price forecast pan out? Let us explore below.
It is paramount that investors understand that Polygon is a high-potential crypto project. With the advantages and benefits it offers over Ethereum, it has automatically become one of the top altcoins in the crypto market. Hence, it is among the best cryptocurrencies to invest in.
There are many other tokens with versatile and effective mechanisms in the crypto market today. Cosmos, Avalanche, Ripple, and Cardano, to mention a few are some of these cryptos strongly driving the market with strong innovations. What sets Polygon apart from these cryptocurrencies is its Layer 2 scaling solution and PoS consensus algorithm.
The fact that Polygon, with its features, leverages Ethereum security and transforms Ethereum into a multi-chain system, shows the capability of its infrastructure. It is a highly regarded network in the industry, and users appreciate its features.
It is clear that we are very much bullish on our Polygon price prediction for 2023. Other authority websites also expect a bullish trend for Polygon. This is simply because MATIC is one of the most undervalued cryptocurrencies. For example, Coincodex stipulates that MATIC could gain by 12.73% to reach $1.383668 by March 19, 2023.
In conclusion, our forecast shows that MATIC will experience significant fluctuations in its price throughout 2023, but will definitely rise in the coming months. Based on this sentiment, our polygon price prediction for 2023 is $1.65.
Cryptoassets are a highly volatile unregulated investment product
Polygon Price Prediction 2024
One of the best things about Polygon is that it makes crypto transactions easier by leveraging the Ethereum security and vibrant ecosystem. Polygon is enhancing its proven technology by developing new features that will broaden its capacity to meet the diverse requirements of the developer community.
The versatility and innovative application of Polygon make it attractive for various developers and users in the crypto space. It will keep growing and drawing more investors thereby driving up its price and value. This is one of the major factors that will inform a bullish Polygon price prediction in the years to come.
The basic economic principle of demand and supply will also play a vital role in the Polygon price forecast in 2024. We anticipate that the price of the Polygon token (MATIC) will grow significantly next year due to a predicted increase in the demand for the token.
If the market moves the way we anticipate, tokens like MATIC will be among the ones that will appreciate most. Based on what could happen in 12 months, our Polygon price prediction projects that the Polygon crypto can reach $3 in 2024.
Polygon Price Forecast Long Term Outlook – 2025 Prediction
Polygon’s uniqueness and its link to Ethereum make it a popular coin for industry insiders. The fact that it facilitates interoperability is another reason it stands out from other top altcoins. These important aspects of the Polygon network add up to guarantee a positive Polygon's long term price prediction.
We’ve also mentioned that Polygon token (MATIC) is currently cheap, especially when you take into account its potential future value. In fact, it's currently one of the most undervalued crypto assets on the market. This fact suggests that our Polygon price forecast is coming at the right time for long term investors.
In the crypto market, undervalued cryptocurrencies tend to have a promising long-term price outlook. As we have already explained, the Polygon network has significant growth potential, and when you combine that with the expected crypto bull market that may be spearheaded by Bitcoin again, then it becomes apparent why Polygon (MATIC) is poised to be the next crypto to explode.
The increase in the price of Polygon we’ve seen in recent times can be attributed to the fact that more users and investors understand better what the project can offer. Of course, some may be buying the token because of FOMO (Fear Of Missing Out). But all the same, it is clear that the more crypto users are attracted to the coin, the more it grows in value and price.
Another important point to keep in mind is that MATIC has not stayed in the market for a long time. Although the crypto was launched in 2019 and has been trading in the top crypto exchanges since then, it cannot be on the same level as pioneer cryptos like Bitcoin and Litecoin.
Over time, Polygon is expected to gain more popularity which will play a significant role in shaping its long-term prospects. As its popularity grows, there will be an increase in utility and usage. This, in turn, will most likely lead to an increase in its price.
Given the arguments we have presented, what is Polygon's long term price prospect? As it continues to appeal to new investors and even former holders, MATIC’s price will continue to rise.
At this point, it is vital that you understand that MATIC price can be influenced by so many factors, one of the major ones being the market condition at any given time. With that said, our Polygon price prediction for 2025 is $4.52 per token.
Cryptoassets are a highly volatile unregulated investment product
Polygon Price Prediction 2030
From the previous section, we must have noticed that we’ve suggested that MATIC could exceed its existing record high value within the next couple of years. Now, how much of a change should we expect in the next seven years? Our long-term Polygon price prediction will answer the question comprehensively. However, the short answer is; we anticipate substantial price growth by 2030.
To truly understand what could happen to MATIC price in 2030, let’s recount how Bitcoin fared in its early days. Back when it was introduced, BTC had no value whatsoever. Various individuals, even self-proclaimed financial experts, never imagined it would amount to anything. However, looking at the current scenario, BTC price has surged to over 20,000x the price of most top stocks and related investment vehicles.
Have you considered the potential profits that early investors in Bitcoin could have made by selling most of their BTC when it reached its all-time high value? It's possible that Polygon could follow the same trajectory and become a millionaire-maker coin, much like Bitcoin.
We have presented some solid evidence that supports the notion that Polygon is a crypto project with the potential for significant growth in the future. We would like to emphasize that it possesses the required framework and has successfully drawn in top-notch professionals from the industry and beyond.
It's worth noting that Polygon managed to draw the attention of various prestigious individual and institutional investors during its initial phase. As a result, it has garnered even more reliable supporters and collaborators, which has boosted its ability to innovate and grow.
In all likelihood, Polygon will undergo considerable expansion, gain the attention of numerous high-value investors, and increase in value substantially by 2030. For those interested in HODLing cryptocurrencies, Polygon is currently one of the best altcoins to invest in right now.
In its early days, some of Polygon’s investors included co-founders Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. In April 2019, the project conducted an initial exchange offering (IEO) on the Binance Launchpad platform, which helped raise $5 million in funding from Binance and other investors. Some of the most recent investors in the project include Mark Cuban, owner of the Dallas Mavericks, who invested an undisclosed amount in Polygon in May 2021.
Owing to the facts stated above, investors can understand Polygon has a huge potential to grow and be successful. Being a Layer 2 scaling solution platform built on the Ethereum blockchain, the crypto is highly in a position to attract many more investors and partners. Our Polygon price forecast places the coin at $14.62 in 2030.
Polygon Price Prediction 2040
If you have faith in HODLing, then Polygon could be one of the most promising cryptocurrencies, in addition to the best new coins to invest in right now. We have previously highlighted that it is currently one of the most undervalued crypto assets, which means that this could be an ideal moment for prospective long-term investors to enter the market.
Based on our discussions so far, it is evident that Polygon possesses the necessary qualities to make transactions easier and faster while maintaining the strong security of the Ethereum network. This one crucial quality ensures a positive and definite outlook for MATIC long-term price prospects.
We have also stressed that Polygon (MATIC) is currently a cheap coin to buy now. But this situation may not persist for a longer period. Our Polygon price forecast suggests that the coin will experience a significant upsurge in the future, indicating the potential for greater profits even before 2040.
It is necessary to emphasize that the value of volatile assets like Polygon token (MATIC) is influenced by numerous factors. Although the viewpoints we’ve presented in this Polygon price prediction guide are well-researched and valid, Polygon's long term price prospect and its actual price in 2040 will also be subject to the overall state of the cryptocurrency market at any given time.
Many believe that cryptocurrency will become mainstream by 2040. This simply means that many digital assets will become even more valuable then. Due to these and other stipulations, our Polygon price prediction for 2040 shows that the token can reach as high as $30.56 before the end of the year.
Cryptoassets are a highly volatile unregulated investment product
Potential Highs & Lows of Polygon
Earlier in this article, we shared an in-depth guide on Polygon price prediction that is easily understandable for any investor. In this section, our focus will be potential ups and downs investors should pay attention to. To give an overview of what to expect, we've summarized the potential highs and lows of Polygon for the next few years in the table below:
| Year | High | Low |
|---|---|---|
| 2023 | $1.83 | $0.95 |
| 2024 | $3.27 | $1.42 |
| 2025 | $4.09 | $2.3 |
| 2030 | $14.75 | $5.08 |
| 2030 | $30.75 | $10.55 |
What Coin Is Polygon? Enter The MATIC Token
The native token of Polygon is ‘MATIC’, named after its original branding (Matic Network). MATIC is an ERC-20 token that’s used to pay for services on the platform. It can also be used as a settlement currency between different users, as well as to pay transaction fees.
There is a total supply of 10,000,000,000 (10 billion) MATIC tokens and one token can be broken down into 18 decimal places.
Some of Polygon’s rivals include:
What is Polygon Used For?
Altcoins that have practical applications in the real world are typically the most successful. Therefore, it's worth exploring how Polygon, a leading cryptocurrency, is utilized and what potential uses the MATIC token holds. In this summary, we will outline the current and future use cases of Polygon and the MATIC token:
Paying for Transactions and Gas Fees
We have emphasized that Polygon facilitates Ethereum's infrastructure development and scaling. The utilization of Polygon tokens (MATIC) is for the purpose of paying for any type of transaction and gas fees associated with the usage of the blockchain network.
Users can pay transaction fees on the Polygon network using MATIC tokens, which are much lower than the fees on the Ethereum network.
Method of Payment
Polygon is a well-known and highly valuable digital currency, much like other prominent cryptocurrencies being traded on centralized and decentralized exchanges. This implies that it can be used to settle payments for goods and services both within and outside the blockchain universe.
Those who have an understanding of the significance of Polygon tokens in the world of cryptocurrency would be willing to use them as a form of payment and also accept them without difficulty. It’s a simple transactional process of sending MATIC from one wallet to another, even across networks.
Unique Staking for Rewards
One can earn passive income in crypto by using MATIC, the native token of Polygon, for staking purposes. The network enables various types of staking which users can employ to maximize profit.
Staking is a rewarding strategy for anyone who wants to hold digital tokens for some time while generating passive income from it. Polygon provides a distinctive approach to staking. The MATIC token can yield substantial return when staked.
Paying for Services Offered By dApps
We know that numerous decentralized applications are at various stages of development, completion, and deployment within the Polygon ecosystem. These dApps offer beneficial services, and payment for these services are made using the MATIC token.
The continued growth of the network and the provision of new dApps and services will result in improved utilization of the Polygon token. This, in turn, will positively impact Polygon's long-term price outlook.
As an Investment Vehicle
If you are looking for a Polygon price prediction guide, then it's likely that you're interested in investing in MATIC. Just like other valuable cryptocurrencies, it can be a worthwhile investment.
Polygon is an established digital asset that will remain a popular investment option. Its potential as one of the best coins to buy as an inflation hedge will depend on its performance in the near future. If it performs well, MATIC may emerge as one of the top coins to purchase for this purpose.
What Exactly Does Polygon Do?
Polygon is an Ethereum (ETH) protocol that was designed to ‘create, issue, and manage digital securities on the blockchain’. The protocol is centred around Polygon SDK, a framework that enables people to build different types of blockchain applications and decentralised finance (DeFi) services.
Some of Polygon’s benefits include:
- Can complete 65,000 transactions per second.
- Ultra-low transaction fees.
- Used by the most popular DeFi projects on Ethereum.
- Interoperable with Ethereum, Binance Smart Chain, and Solana.
Who Is Behind Polygon?
Polygon was founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. Kanani acts as CEO of Polygon, formerly known as the ‘Matic Network’. Before creating the Matic Network, much of team Polygon were already established blockchain developers, having made many important contributions to Ethereum that are still used today.
More recently, in 2021, Polygon merged with the Hermez Network, an open-source ZK-Rollup (zero-knowledge) solution. The merger made Polygon’s team larger and massively improved its scalability.
Who Uses Polygon?
Approximately 2.7 million people own Polygon in a Polygon wallet — a substantial number for a blockchain project that has only been around since 2019.
Polygon claims that over 7,000 dApps use their services. Of which, the large portion is made up of DeFi services (445) and includes Aave (AAVE), SushiSwap (SUSHI), Curve (CRV), and 1inch (1INCH). The second-largest group with 313 dApps focuses on NFTs (non-fungible tokens).
Other top dApps using Polygon work in blockchain infrastructure, gaming, the metaverse, centralised exchanges (CEX), and wallets.
How Could Polygon Future Utility Affect Price?
If you’ve been attentive to all we’ve discussed in this Polygon price prediction guide, you may have noticed that there are numerous potential new applications for Polygon. The introduction of these applications and their associated utilities could have an impact on the price of the Polygon token.
As each new use case is introduced, we anticipate that Polygon will become more valuable and appealing to the rapidly expanding crypto community. It will draw in new crypto users, particularly those who are interested in utilizing the dApps and Layer 2 scaling solutions offered within the Polygon ecosystem.
The potential benefits of Polygon extend beyond its decentralized applications (dApps) and ability to attract users. Other advancements and improvements in the cryptocurrency sector, such as the growth of Bitcoin ETFs, can also have a significant impact.
The emergence and popularity of crypto ETFs is an important factor to take into account as it can open doors for the development of various types of crypto exchange-traded funds and related products. These advancements are likely to have a favourable influence on Polygon's long-term price outlook too.
It is evident that Polygon is an impressive platform with significant potential. It is expected to have a multitude of uses in the future, which is a compelling reason to mention it among the next crypto to explode and yield maximum profit for investors.
Cryptoassets are a highly volatile unregulated investment product
What Drives the Price of Polygon?
When it comes to investing, it's widely understood that price is largely influenced by the forces of supply and demand. In addition to these main factors, what other significant elements could potentially impact Polygon's price in the future? The following is a summary of these factors.
Activities within the Polygon Ecosystem
It can be concluded that the recent increase in the price of Polygon indicates favourable developments occurring within its ecosystem. If these positive developments persist, Polygon price prediction will remain optimistic.
With more developers contributing to the network and drawing in new users, the token's value and market price will continue to rise.
Social Media Attention and Activities
It's common knowledge that social media has a significant impact on the behaviours of traders and investors, which is unsurprising considering that a large number of crypto users use social media to discuss coins and gauge market sentiment.
It's important to acknowledge that social media also plays a crucial role in crypto marketing, as nearly every project relies heavily on social media to reach potential users and clients. As a result, social media is expected to continue to influence price fluctuations in the crypto market for the foreseeable future.
Improved Crypto Adoption
The rate of adoption of cryptocurrencies is increasing steadily and is predicted to continue in this upward trend. This rise in adoption has a significant impact on the price forecasts of digital assets.
It is no longer a question of whether cryptocurrency will become mainstream, but rather when it will happen. As more people join the crypto community, including those using the Polygon (MATIC) token, the prices of these assets are expected to keep rising.
Crypto Market Regulation
Several news sources including Forbes have stated that leaders around the world have been discussing the regulation of cryptocurrencies. This is a necessary evil, and is expected to have a considerable impact on the valuation of digital assets.
Although it is impossible to authoritatively predict the impact of crypto market regulations on the price of Polygon, it can be inferred that favourable regulations may have positive long-term effects. The extent of regulatory measures that will be implemented in the future cannot be determined, but there is a general sentiment that the prices of cryptocurrencies will increase in the coming years.
Institutional Investment
Institutional investment plays a significant role in propelling the growth and market reach of a cryptocurrency project. Higher numbers of institutional investors tend to lead to increased valuation and price increases.
Polygon has been successful in obtaining institutional funding from well-known venture capitalists in the blockchain sector. It is anticipated that Polygon will continue to attract more institutional investments, which will contribute to its growth and increased valuation.
Latest Polygon News
As we approach the conclusion of Polygon price forecast guide, it's crucial to acknowledge the significance of keeping abreast of current news when making investment decisions. It's prudent to remain informed about pertinent news and events related to an asset you've invested in. With that in mind, here are some recent news stories regarding Polygon:
- Polygon token experienced a 6.58% increase in the second week of March 2023, continuing its positive trend in 2023
- Polygon Labs and Unstoppable Domains collaborate to launch top-level domains
- Binance NFT boosts their marketplace by adding Polygon network support to their marketplace
- MATIC sustains a strong bull run, greatly influenced by the Polygon ecosystem development and zkEVM
Is Polygon MATIC Crypto A Good Investment?
Polygon MATIC definitely appears to be a good investment. Becoming a vital part of the Ethereum ecosystem, MATIC went from $0.017 to $2.92 between January and December 2021 — a humongous increase.
Here are some important questions investors should be asking themselves right now.
For an asset that only launched in 2019, it has accumulated an ROI (return on investment) of 18,684%. That’s an extremely high rate of return.
The trajectory that Polygon MATIC is expected to take, according to our MATIC/USD price prediction and technical analysis indicates that Polygon can make a good future investment. The potential long-term gains far outstrip the potential short-term gains.
The riskiest aspects to consider when investing in Polygon are that Ethereum’s transition could make it less useful and the highly competitive field it operates in. Those aside, it is a relatively safe investment in comparison to other crypto assets.
Cryptoassets are a highly volatile unregulated investment product
Should You Invest in Polygon?
Polygon was developed to solve a problem inherent within the Ethereum blockchain. As such, there can be little argument that the project has genuine value and a real-world use case. Ethereum is the top smart chain in existence and even with its 2.0 upgrade and Polygon fulfils a very valuable role within that ecosystem.
Projects like Polygon, if successful, could be implemented long term and effectively become a necessary symbiont for platforms like Ethereum and Cardano. As such, they have some pretty serious potential for the future.
Whilst no one can say for sure which of the new breed of scalability projects will corner the market, therein lies a degree of opportunity - investing now may involve more risk than investing in five years time, but the potential rewards are impressive, to say the least.
If Polygon really can deliver on its promises, then MATIC could end up being in very high demand - which in turn will see its value increase.
So should you invest in Polygon today? We think it could be a worthwhile addition to any portfolio - just so long as investors remember this is a fairly new technology and, whilst the early signs are promising, it has yet to be tested in the long term.
Where to Invest in Polygon
If you want to invest in Polygon then you’ll need to find an exchange that lists its native token, MATIC. Being a relatively new project, the token isn’t as freely available as some of the more established names out there. Fortunately, one of the highest-rated exchanges on the market - eToro - has recently added MATIC to its books.
We often recommend eToro as it has an excellent reputation for providing a user-focused trading experience. In addition to its powerful trading platform, you’ll also find plenty of educational resources to help you keep up to date with all the news from the world of blockchain investment.
Opening an account is simple and once you are verified you’ll be able to launch the trading window and start adding Polygon to your portfolio.
Cryptoassets are a highly volatile unregulated investment product
Polygon Price Prediction – Conclusion
Up to this point, we have presented the most thorough Polygon price prediction for investors of all experience levels. We have addressed both the short term and long term Polygon price forecasts, and have also examined the distinctive features of the project, as well as its potential.
Having knowledge about the history and characteristics of a digital asset can be helpful in deciding if it suits your investment portfolio. Polygon has earned a reputation as a robust Layer 2 scaling solution on the ever-expanding Ethereum network. It looks very much like a solid investment for both short term and long term investors.
To summarise our Polygon price prediction, it certainly looks like a better option to hold your MATIC for the long run. Investors who are most comfortable with long-term positions could gain the most out of MATIC.
Polygon is making the Ethereum network a practical reality today by squashing its scalability issues — issues that many felt would take years of development to solve.
By making Ethereum faster, Polygon paves the way for big companies to move into building blockchain projects on Ethereum and prevents congestion issues — as we saw in February 2021 — where ETH transactions slowed dramatically, and fees soared.
It's important to acknowledge that Polygon is a volatile asset; meaning that its value will keep fluctuating from time to time. Nevertheless, we anticipate that this cryptocurrency will remain in an upward trend for a long while, barring any disappointing market changes. At this point, it's crucial to note that choosing the appropriate platform to buy cryptocurrency is vital. eToro is currently considered one of the best online brokers where anyone can buy crypto, stocks, ETFs and more.
eToro – Best Platform To Buy Polygon
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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Cryptoassets are a highly volatile unregulated investment product
FAQs Polygon Price Prediction
Is Polygon A Good Buy?
Polygon could be one of the best buys on the crypto market at the moment. This is because Polygon is already delivering on what it promised to do (improve Ethereum’s scalability), while many other cryptos are yet to prove their worth with goals that may take years to achieve.
Does MATIC Coin Have A Future?
Yes, MATIC does have a future and a very promising future at that. MATIC has become an integral part of the Ethereum network, and it will offer scaling solutions for many years to come.
How Does Polygon (MATIC) Make Money?
Aside from holding Polygon and profiting from any price increase, investors can also passively earn more tokens by staking their MATIC which helps secure the Polygon network.
How much will Polygon be worth in 5 years?
In the next five years, it is possible that Polygon will experience an increased adoption among various user groups, including individuals and enterprises. Its value may surge and reach $9.08 before the year 2028.
What Will Polygon Be Worth In Ten Years?
Ten years from now, we could expect the price of Polygon to trade between $10 and $15 per MATIC token, if it continues the trajectory we have outlined in our 2023 to 2030 Polygon price prediction forecast.
Will Polygon (MATIC) Go Up?
It certainly appears that Polygon is on the up given our highly positive price prediction. Though, do note that while we expect prices to potentially hit $1.83 in 2023, they can also decline to $0.95. Based on the price forecast we have developed for Polygon, it can be a profitable investment for both long- and short-term investors, with MATIC expected to hit new highs from 2023 to 2030.
What Price Could Polygon Reach?
Polygon will reach $1.83 in 2023, $3.09 in 2025, $7.25 in 2028, and then $13.85 in 2030, as calculated by our Polygon price prediction algorithm.
How High Will Polygon Go?
$37.14 in 2032 is the very highest Polygon is predicted to reach, as estimated by Price Prediction.
Is It Too Late To Buy Polygon?
Not at all. Polygon is still reasonably priced or depending on who you talk to, undervalued. Polygon will likely only increase in price as more of the Ethereum network comes to depend on it.
What will Polygon be worth in 2023?
According to our research and analyses, Polygon (MATIC) has the potential to hit $1.65 by 2023. Although this is not as high as its previous all-time high, it is a significant boost that will signal future significant price gains.
What will Polygon (MATIC) be worth in 2025?
Based on our Polygon price forecast, MATIC is likely to rise to about $4.52 per token before the end of 2025. It will build on the momentum it will gather from this year and next year and may even surpass this projection.
Will Polygon (MATIC) Hit $100?
For the time being, with Polygon’s current trajectory $100 per MATIC is not attainable. Our MATIC prediction suggests that it’s much wiser to aim for $10 to $15 per coin by the end of 2030.
Will Polygon (MATIC) Reach $1,000?
It is extremely unlikely that we will see Polygon’s MATIC token rise to $1,000. Even if MATIC performs exceptionally well in the next seven to eight years, $1k per MATIC probably won’t happen.
What is the Polygon price prediction for 2030?
Our projection for the future price of Polygon indicates that by 2030, MATIC may reach $10.62. This substantial increase in value is expected to be fueled by a wider acceptance of cryptocurrencies by both financial institutions and individual investors and even consumers. Additionally, the rise in popularity of crypto-related products such as ETFs is also expected to have an impact on the price increase.
What was the starting price of Polygon?
According to data from Coingecko, Polygon began with an initial price of $0.0054 on April 26th, 2019, and maintained a flat price for months after it was released on top crypto exchanges.
What was Polygon's highest price?
On Dec 27, 2021, Polygon reached its highest price ever, which was $2.92 per token. The coin enjoyed a sustained bull run during the 2021 bullish market, although prices dropped sharply afterwards.
What is the Polygon price prediction for 2024?
According to our projections, the value of the Polygon token may increase to about $3.00 before the end of 2024. This value is slightly above its all-time high and will represent an important milestone for MATIC.
Will Polygon go up?
It is highly probable that Polygon will experience an upward trend in the future. This is due to the fact that the Polygon ecosystem is expected to grow further as more users come on board. The increasing adoption of cryptocurrencies and favorable market trends are also expected to contribute to the rise in the price of MATIC.
Is Polygon a good investment?
Polygon can be considered a worthwhile investment despite its volatility. It serves as the native token of a top-notch Layer 2 scaling solution, which is a pioneering technology. Additionally, the market is currently looking good for Polygon, indicating that the coin has the potential to achieve new heights in the near future.