Before we begin with MATIC price prediction, let us first learn more about Polygon. It is an ideal blockchain platform for enabling cheaper and faster transactions while eliminating the complexities associated with a decentralized ecosystem. MATIC was created solely to provide a multifunctional and multipurpose advantage in all aspects of life. This article discusses Polygon price prediction in great detail.
According to CoinMarketCap, the price of MATIC is $0.0574.
Polygon (MATIC) sentiment June 2023
The current sentiment towards Polygon (MATIC) appears to be mixed as of June 2023.
From a trading perspective, InvestorsObserver has given Polygon a neutral rating. The rating indicates that the cryptocurrency has been performing at a level that is neither significantly bullish nor bearish compared to its recent price and volume action. Polygon is trading near its midpoint for the past five days, indicating that it is well-positioned between support and resistance levels. However, it is noted that Polygon has traded on low volume recently, which means that today’s volume is below its average volume over the past seven days1.
In terms of news sentiment, there has been some negative impact due to recent regulatory actions. Robinhood announced that it will delist Polygon’s MATIC, among others, following lawsuits from the SEC alleging that these tokens are unregistered securities. This announcement has introduced a cloud of uncertainty around these assets and has caused a drop in their prices, including a roughly 12% drop for MATIC2.
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Community sentiment also reflects this uncertainty. Despite the regulatory pressure, there has been a surge in whale buying, indicating that some large investors remain confident in the asset. However, the negative sentiment casts a shadow over its prospects for a strong price recovery, with investors and traders cautiously observing the price charts3.
It’s important to note that sentiment can change quickly in the crypto market due to various factors, including market trends, regulatory news, technological developments, and broader economic factors. As always, individuals should conduct their own research and consider their risk tolerance when making investment decisions.
What Is Polygon?
Polygon Network was founded in October 2017 in response to Vitalik Buterin and Joseph Poon’s whitepaper on the Plasma framework by CEO Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. Because the Ethereum layer was not fully scalable, the pair devised the advantage of using PoS side chains linked to the root chain.
In order to create more “child chains,” each individual chain interacts with its own independent blockchain networks, each with its own consensus mechanism and block validators.
Polygon — Ethereum’s Internet of Blockchains — was recently rebranded as MATIC Network. Existing MATIC solutions are still operational and prioritized, and the MATIC token is critical for network security and governance.
The majority of developers and projects want to build scaling solutions within the Ethereum ecosystem to benefit from its security and network effects. They are, however, struggling to navigate the unstructured Ethereum scaling landscape and deal with the implementation complexities.
As a result, Polygon (MATIC) announced plans to improve its Ethereum network support in order to scale more quickly and reduce rising transaction costs. The goal of Polygon (MATICmain) is to lower the high fees paid on the Ethereum blockchain while also scaling for crypto projects and enterprises. It will structure the ecosystem and provide a framework for it to grow further and faster.
Polygon Features
dApps
Polygon has been used to build over 37,000 decentralized apps (dApps), according to a Polygon report published on August 10. This is nearly double the number seen in March and a fourfold increase since the start of the year.
As the number of dApps grows month after month, the network’s infrastructure attracts an increasing number of developers. In the coming years, these factors will eventually increase the number of Daily Active Users and Total Value Locked.
To top it off, Tether’s stablecoin USDT will be available on Polygon in May 2022. Circle announced its support for Polygon USDC in June. This decision will make Tether and USDC more useful to thousands of blockchain-based dApps.
zkEVM
On July 20, 2022, Polygon Network unveiled zkEVM, the latest addition to its solution stack.
zkEVM (zero-knowledge Ethereum Virtual Machine) is an Ethereum-based second-layer scalability protocol. This implies that it is intended to make Ethereum dApp operations faster and less expensive while maintaining decentralization and security.
The elimination of the need to modify code before moving from L1 to L2 is one of the most significant distinguishing features of zkEVM. This would allow for a more seamless transition to and from the Ethereum network.
NFTs
In July, Nothing, a British consumer tech start-up, officially integrated Polygon into its product ecosystem to enable Web3 access. The Polygon-Nothing collaboration begins with the launch of Nothing’s non-fungible token (NFT) loyalty program.
Intriguingly, Meta’s Instagram inclusion of polygon-based NFTs could be extremely beneficial to MATIC in the coming weeks and months.
Furthermore, Reddit debuted its new ‘Collective Avatar’ NFTs, which are now available on Polygon. This contributes to the network’s increasing popularity and trust among the top social media platforms.
According to Polygon Insights-August, the network had its highest sales volume ($1.97 billion, +443%) since March 2022, boosted by NFT drops in the previous month. August had the most mint events and NFT transactions on Polygon since November 2021, with nearly 30 million mints.
Latest Polygon News
Polygon (MATIC) has always been aggressive in terms of partnerships, bringing constant updates in line with cutting-edge technology. As a result, the project is constantly bringing new ideas to the table.
Polygon Nightfall, which is now available, is one of the network’s most notable developments. Polygon Nightfall is a low-cost blockchain network that provides businesses with immutable privacy. Using Polygon Nightfall and its cutting-edge Optimistic-ZK hybrid approach, businesses will be able to keep their transaction data private from TPs.
They’ve also introduced Polygon Supernets, which are powered by Polygon Edge, in addition to Polygon Nightfall. Using this customizable blockchain, users will be able to build and launch blockchain networks based on their specific needs. It employs a modular framework to support a diverse set of infrastructures and scaling solutions.
Another piece of good news for MATIC is that Mark Zuckerberg stated in an interview that he would allow NFTs to be posted on Instagram and other family apps. Instagram will work with ETH, Polygon, and a few other blockchain networks to facilitate NFT posting. Furthermore, eBay has launched its first NFT collection on the Polygon network.
One of the most significant Polygon announcements is that MATIC will soon be carbon neutral. They pledged $20 million to offset their carbon footprints and become carbon negative in the long run.
Polygon Price Prediction Price Analysis
Polygon’s current price is $1.31, and MATIC is currently ranked #10 in the entire crypto ecosystem, according to the most recent data. Polygon has an 8,734,317,475 circulation supply and a market cap of $11,462,310,782.
Polygon’s price has risen by 3.47% in the last 24 hours as trading volume and market cap have increased.
The MATIC has increased by 9.37% in the last 7 days, indicating a positive trend. Polygon has recently shown tremendous potential, and now could be an excellent time to invest.
When the current price is compared to the price history of the previous 30 days, the value of Polygon has increased by 34.392%. The average monthly minimum price is $0.83, with a maximum monthly price of $0.86. This means that this coin is a good investment and a good addition to your long-term coin portfolio.
The 90-day price change is approximately 19.08%, with the price ranging in the previous 90 days from a minimum average price of $0.97 to a maximum average price of $1.16.
Polygon has been rising over the last four months. As a result, we believe that similar market segments were popular at the time. According to the most recent data, Polygon’s trading volume has increased in the last four months. The trading volume has a large influence on the price.
The coin has increased by 36.59% in the last four months, with a maximum average price of around $0.80 and a minimum average price of around $0.78.
Polygon Price Prediction Expert Opinions
GOV Capital
“Polygon price is forecast to reach a lowest possible level of $5.06 in 2027. As per our findings, the MATIC price could reach a maximum possible level of $5.85 with the average forecast price of $5.19.”
Wallet Investor
“Based on our Polygon Price Prediction, a long-term increase is expected; the MATIC coin price for 2027 might be around $2.304. As per the 5-year MATIC forecast, the revenue is expected to be around +256.66%.”
Coin Price Forecast
“According to the technical analysis of Polygon prices expected in 2023, the minimum cost of Polygon will be $1.10. The maximum level that the MATIC price can reach is $1.36. The average trading price is expected around $1.14.”
Digital Coin Price
“As per the Polygon price prediction data analysis, the price of MATIC is expected to cross the level of $1.7. By the end of 2023, Polygon is expected to reach a minimum price of $1.62. In addition, the MATIC price can get a maximum level of $1.92.”
Polygon Price Prediction
Polygon Price Prediction 2023
Changelly’s technical analysis of Polygon prices in 2023 predicts that the starting price will be $1.77. The MATIC price can go as high as $2.07. It is expected that the average trading price will be around $1.82.
According to the CryptoNewsZ price prediction 2023, Polygon’s price may have some hazy days. During the first half of 2023, the value should sail steadily at $1.6 or max out at $1.5, not plummeting but playing consistently. The Polygon price prediction 2023 then indicates that $1.8 is not an exaggeration.
According to Wallet Investor, MATIC will start the month of March at an average of $1.171, with a low of $0.652 and a high of $1.692. While the year ended with the lowest, average, and highest prices of $0.000001, $0.514, and $1.026, respectively.
Polygon Price Prediction 2025
According to our calculations, the price of Polygon in 2025 should be between $1.25 and $1.87, with the average price of MATIC around $1.56.
According to priceprediction.net, Polygon’s price will fall to $3.51 in 2025. Polygon’s price could reach $4.12 by 2025, with an average trading price of $3.63.
Polygon (MATIC) would be worth $3 in 2025. The minimum predicted price for MATIC is around $2.9, and the maximum predicted price is $3.4. According to CryptoNewsZ’s MATIC price prediction 2025, MATIC’s average price by mid-2025 could be around $3.12.
Polygon Price Prediction 2030
Changelly cryptocurrency analysts are ready to reveal their Polygon price predictions. The year 2030 will be determined by the maximum MATIC price of $28.45. It is possible, however, that the rate will fall to around $23.81. As a result, the average trading price will be $24.67.
The largest blockchains, according to Trading Education, will be interoperable by 2030, making them much faster and more practical to use, significantly speeding up adoption by large companies. Our long-term MATIC/USD price prediction forecast calculates that Polygon can reach a maximum of $13.85 per MATIC token. MATIC can also find support at $10.55 and reach an average price of $12.2 by the end of 2030, representing a massive 1,335% increase from its current price.
Polygon crypto is expected to trade above $7.6 in 2030, according to the CryptoNewsZ MATIC price prediction. By the end of the year, MATIC could reach a minimum price of $7.4. Furthermore, the Polygon cryptocurrency can be purchased for a maximum of $8.
FAQs
Is MATIC A Good Investment?
Polygon, MATIC investment is entirely dependent on your risk tolerance. Polygon’s price has risen by 3.43% in the last 24 hours and by 55.88% in the last 30 days, as shown. So it all depends on whether or not this investment will help you achieve your trading goals.
What Are Secret MATIC Launches?
MATIC network intends to launch an alpha version of their Polygon PoS Mainnet with functional dApps prior to the token sale. Four teams are working on MATIC-based solutions. One is an Indian banking wallet, one is in the gaming industry, one is in referral marketing, and one is an ad network. Others are under construction but have not yet been completed.
What Is Polygon MATIC Used For?
The Polygon framework allows users to connect to the Ethereum blockchain while avoiding some of its current drawbacks, such as high transaction fees and limited processing capacity.
This means Polygon essentially turns Ethereum into a multi-chain system, referred to as the ‘internet of blockchains’. On one side-chain, the platform can theoretically process up to 65,000 transactions per second, and creating a new block takes less than two seconds.
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