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Polygon Price Prediction 2022-2031: MATIC Soars Past $1, What’s Next?

Polygon MATIC

A few days ago, Polygon’s native token MATIC has seen a massive 20% price hike overnight, the first time since early August that MATIC crossed the $1 mark. In last month’s Polygon price prediction, we had said as much, MATIC’s bull run is long overdue.

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

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

Why not? Successive developments of the Polygon network have firmly set its upward direction.

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

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

Forbes Digital Assets 

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

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

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

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

Sandeep Nailwal, Polygon Co-founder

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

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

Today’s Polygon price is $1.27 with a 24-hour trading volume of $1,581,411,765 USD. Polygon is up 6.27% in the last 24 hours. The current CoinMarketCap ranking is #11, with a live market cap of $11,088,552,364. It has a circulating supply of 8,734,317,475 MATIC coins and a max. supply of 10,000,000,000 MATIC coins.

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What do you think will be the top project for #Polygon in 2022?

What’s new with Polygon (MATIC)?

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

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

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

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

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

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

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

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

Polygon (Matic) Overview

ITB Widget Example

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

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

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

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

Polygon Price History

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

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

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

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

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

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

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

Polygon Price Prediction 2022-2031: MATIC Soars Past $1, What's Next? 1

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

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

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

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Pros and cons of investing in Polygon (Matic)

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

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

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

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

Pros of investing in Matic

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

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

Cons of investing in Matic

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

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

Where & how to buy Polygon (MATIC)?

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

The process of buying MATIC is fairly simple:

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

New developments in the Polygon Ecosystem

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

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

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

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

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

MATIC price analysis shows a strong uptrend, with higher highs and higher lows being formed. The Relative Strength Index is also currently in overbought territory, indicating that the price may see some near-term correction. However, the MACD shows increasing bullish momentum and the 50-day moving average has crossed above the 200-day moving average, signaling a potential long-term bull run.

Polygon Price Prediction 2022-2031: MATIC Soars Past $1, What's Next? 2

After forming a base above the $0.800 level, the Polygon’s price started a fresh increase. MATIC’s price broke the $0.880 and $0.980 resistance levels to move into a positive zone.

There was a strong move above the $1.00 resistance and the 100 simple moving average (4 hours). Finally, the price surged above the $1.20 resistance. A high was formed near $1.304 and the price recently started a downside correction, similar to bitcoin and Ethereum.

It corrected below the $1.20 support and the 100 simple moving average (4 hours). Moreover, there was a break below the 50% Fib retracement level of the upward move from the $0.995 swing low to the $1.304 high.

However, the $1.00 level acted as strong support along with the 100 simple moving average (4 hours). The 61.8% Fib retracement level of the upward move from the $0.995 swing low to the C$1.304 high is also acting as a support.

On the upside, the previous resistance near $1.20 and the 100 simple moving average (4 hours) could act as a hurdle for the bulls. Immediate resistance is near the $1.24 level, above which the price is likely to resume its upward move. The next key resistance sits at $1.30, above which there could be more gains toward the $1.40 and $1.50 levels in the near term.

Overall, Polygon remains in a strong uptrend, and dips toward $1.00 or $0.900 could be considered as buying opportunities. The next key resistance above $1.30 is near the $1.40 level, followed by $1.50.

Polygon Price Predictions by Cryptopolitan

Polygon Price Prediction 2022-2031: MATIC Soars Past $1, What's Next? 3

Polygon Price Prediction 2022

According to our Polygon price prediction for 2022, MATIC is expected to have a maximum price of $1.36. The coin’s average price is expected to be $1.32, and a low of $1.26 for the same year.

Polygon Price Prediction 2023 

According to our Polygon price prediction for 2023, MATIC is expected to have a maximum price of $1.91. The coin’s average price is expected to be $1.80, and a low of $1.70 for the same year.

Polygon Price Prediction 2024

Our Polygon price prediction for 2024, is a maximum price of $2.27, with an average of $1.97 and a minimum price of $1.90 for the year 2024.

The increasing adoption and usage of Polygon’s layer-two scaling solution are expected to drive MATIC prices higher in the long run. The coin is expected to benefit from the growing DeFi sector as well as the increasing demand for Ethereum scaling solutions. Therefore, our Polygon price predictions suggest that the coin could see solid gains in the coming years.

Polygon Price Prediction 2025

According to our Polygon price prediction for 2025, MATIC could potentially attain a maximum price of 4.85, with an average price of $4.28 and a minimum value of $4.13 for the year 2025.

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

Polygon Price Prediction 2026

According to our Polygon price prediction for 2026, we expect the MATIC coin to have a maximum price of $7.32. MATIC’s average price will be around $6.34 with a minimum of $6.12. Once developments and partnerships in the Polygon ecosystem mature, MATIC can be a good investment in 2026.

Polygon Price Prediction 2027

According to our Polygon price prediction for 2027, MATIC is expected to reach a maximum price of $10.72 with an average price of $9.12 and a minimum value of $8.80 for the year 2027.

Polygon Price Prediction 2028

Our Polygon price prediction for 2028 suggests that MATIC could reach a maximum price of $21.60, with an average of $18.70 and a minimum value of $18.18 for the year 2028.

Polygon Price Prediction 2029

According to our Polygon price prediction for 2029, a maximum price forecast of $21.69 with an average price of $18.70 and a minimum value prediction of $18.18 for the year 2029 is expected for MATIC.

Polygon Price Prediction 2030

Polygon MATIC price prediction for 2030 expects the coin’s maximum price at $30.89 with an average of $25.38 and a minimum value forecast of $25.38 for the year 2030.

Polygon Price Prediction 2031

According to our MATIC price prediction for 2031, the coin’s maximum price is expected to reach $43.46 with an average trading price of $36.87 and a minimum value forecast of $35.87 for the year 2031.

Polygon Price Predictions by Wallet Investor

Wallet Investor is bearish on Polygon’s price in the short term, forecasting a gradual decline to a trading price of $0.121 in 2022. However, the platform is bullish on MATIC’s long-term prospects, predicting a gain of over 400% in one year with a maximum price forecast of $5.928.

Polygon Price Predictions by DigitalCoin Price

Digitalcoinprice predicts a bullish long-term outlook for MATIC, forecasting that MATIC could potentially achieve a maximum price of 0.121 and later hit $3.52 by the end of 2025. The platform predicts MATIC could reach a maximum price of $4.93 in 2028 and continue to rise to potentially hit $7.20 by 2030.

Polygon Price Prediction by TechNewsLeader

Polygon price predictions by Technewsleader are bullish, with the platform forecasting MATIC could reach a maximum price of $1.45  in one year, followed by a potential increase to $3.99in 2027 and then reaching a maximum price forecast of $24.38 by 2030.

Polygon Price Prediction By Industry Experts

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

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Conclusion

Polygon Network has seen intense development in recent months, with a rapidly growing ecosystem and notable partnerships. Recently, Co-founder Sandeep Nailwal took to Twitter to announce a momentous milestone in the relationship between banking and cryptocurrency. Let’s take a look at successive past developments on MATIC:

  • J.P Morgan Chase, the world’s most extensive bank, completed its first “LIVE” trade-in DeFi by working with the Monetary Authority of Singapore–all thanks to Polygon. This is evidently a groundbreaking event that alludes to traditional finance institutions gradually adapting Web3 technology.
  • So far, the increasing volume of Reddit NFT sales has been good news for Polygon’s native token MATIC. Recently, MATIC’s trading volume crossed $10 million.
  • A report published by Blockchain analytics firm Messari shows that the number of active addresses in the third quarter of 2022 increased by 180% compared to the previous quarter. A total of 2 billion transactions were conducted during this time period.
  • Polygon’s partnership with Warren Buffet-backed Nubank is viewed positively by many in the industry. Popular TV Network SHOWTIME recently announced a collaboration with Polygon and Spotify. 
  • Ethereum’s Merge has significantly reduced Polygon’s carbon dioxide emissions. With these major partnerships and developments, it’s not hard to see why Polygon’s future looks bright. Our price prediction forecasts a bullish trend for MATIC, with the potential for significant growth in the years to come.
  • In addition, the need for Web3 infrastructure and the use of cryptocurrencies in the regular industry should benefit from the Matic coin price forecast.

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

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

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

FAQs

Is it wise to put money into Polygon (MATIC)?

Polygon's value is likely to climb as a result of a lack of supply. Please keep in mind that each investment comes with a degree of risk. Make the most of what you've got before making any decisions and do as much research as you can.

By the year 2031, how much money will be made off of Polygon?

In the year 2031, the price of Polygon is anticipated to reach a new all-time high and a maximum price of $22.82.A minimum trading value of $18.93 and an average price of $19.60 is also possible by the end of2031. By this time, crypto adoptions might bring a new level of awareness and usage to light

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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