The tier 2 altcoins are struggling to take a stand in this volatile market as Bitcoin struggles between $65,000 and $70,000. Amidst such conditions, the MATIC price trend shows a bearish trend in motion, collapsing below key support levels.
However, the optimistic eyes are holding on to the recent bounce in the market as the Ethereum ETF application is getting more attention for all the right reasons. Therefore, the HODLers can expect the prices to rise in the highly anticipated altcoin season.
With Polygon preparing to take off this season, investors are curious if Polygon can reach $100. Will polygon go up? Is Polygon a good investment?
We bring our polygon price forecast for 2024 – 2030 to explore the MATIC price forecast and answer such questions for you.
So read on because MATIC Prediction Prediction could be your golden ticket into the crypto universe.
Overview
-0.08% What’s new with polygon?
A key player in Ethereum’s Layer 2 ecosystem, Polygon is making significant strides in the crypto market. It is more than just a platform; it is a vision for the future. The release of Polygon 2.0, a network of ZK-powered L2 chains, will provide unlimited scalability and unified liquidity.
What is PoS? Proof-of-Stake (PoS) is a consensus mechanism where validators are chosen to create new blocks based on the number of tokens they hold and are willing to “stake” or lock.
Importance in ZK L2: In the context of Polygon’s ZK L2, ZKP ensures that all transactions are valid without revealing the details of the transaction. This improves privacy and reduces the computing power required to validate transactions.
MATIC Price Prediction July 2024
With a bullish breakdown of the $0.65 support level, the MATIC price trend is under extreme supply pressure. Furthermore, the increasing gap between the 50D and 200D EMA after the death cross, the bearish influence is increasing.
With the dynamic resistance of the 50D successfully keeping the bullish growth in check, the consolidation patch breaks with support break.
With the breakout rally gaining momentum, the altcoin may soon test the $0.50 psychological mark. On the upside, a reversal could reset the 50D EMA to $0.70.
MATIC Price Prediction 2024
Welcoming 2024 with a modest 2.04% gain on New Year’s Eve, MATIC’s trip above $1 was short-lived and gave way to a pullback. However, the recent 17.35% decline appears to be a mere hiccup in its bullish trajectory, rejuvenated by the Bitcoin Spot ETF nod from the US SEC.
This pivotal moment reignited the bullish fervor and put MATIC on a path to regain and possibly surpass the $1 mark.
Polygon’s DeFi Chapter
The Polygon network shows a strong presence with a TVL of $1.217 billion and a stablecoins market cap of $1.815 billion. Over the past 24 hours, the network has seen a volume of $33.05 million and inflows of $1.11 million. The network has 1.28 million active addresses. MATIC, the native token, is priced at $0.50, with a market cap of $4.621 billion and an FDI of $4.978 billion. The data highlights Polygon’s active and growing ecosystem.
Technical charts lead a bearish story
After a sharp drop to the early 2023 highs, MATIC’s price is showing an impressive bounce, poised to challenge the overhead resistance trendline.
The retracement trend in the weekly chart is gaining momentum and starting an uptrend in 2024. Furthermore, the trend momentum is helping to sustain the bullish price movement.
In short, the price of Polygon (MATIC) price predictions for 2024 is a projected high of $6.91. On the other hand, the Polygon crypto price may fall back to its previous low at $1.62, resulting in an average price of $1.85 throughout the year.
MATIC Price Prediction 2025
MATIC price forecast for 2025 predicts a new top formation with the large-scale adoption of Polygon 2.0.
With a potential high of $3.15, the MATIC coin price is set to maintain the bull run. However, a short correction could reach a potential low of $1.899, making an average of $2.5245.
Polygon Price Forecast 2026 – 2030
MATIC Price Prediction 2026
In anticipation of further expansion, MATIC’s 2026 potential high is projected to be $4.48, while the potential low is estimated at $3.42, resulting in an average price of $3.95.
MATIC Price Prediction 2027
MATIC crypto could make a potential high of $5,438 in 2027, with a potential low of $4.45, resulting in an average price of $4,944.
MATIC Price Prediction 2028
As the MATIC coin price progresses, the potential high price for 2028 is projected to be $6,504, with a potential low of $4,828, resulting in an average price of $5,666.
MATIC Price Prediction 2029
Polygon coin price potential high for 2029 could be $7.45, while a potential low of $6.267, with an average price of $6.8585.
MATIC Price Prediction 2030
With an established position in the market, MATIC’s potential peak for 2030 is projected to be $9.08. On the other hand, a potential low of $8.715 would result in an average price of $8.8975.
MATIC Price Forecast 2024 – 2030
Market analysis
*The aforementioned targets are the average targets set by the respective firms.
CoinPedia’s MATIC Price Prediction
The Polygon community is growing rapidly, and there are upcoming improvements in Polygon 2.0, which align with the growing DeFi ecosystem. Coinpedia’s price forecast for Polygon is extremely bullish, suggesting that MATIC crypto price could reach new swing highs and possibly surpass its peak in 2025.
The Polygon Price Forecast for 2024 expects a swing high of $6.91, with an average price of $3.24.
We expect the MATIC price to reach $6.91 by the end of 2024.
Polygon Price Performance
What was the initial price of Polygon (MATIC)? The initial price of Polygon (MATIC) was $0.00263 in 2019.
What is the All-Time Low (ATL) price of Polygon (MATIC)? The overall lowest price of Polygon was $0.003012 on May 10, 2019.
What is the highest price (ATH) of Polygon (MATIC)? The highest price of Polygon was $2.92 on December 27, 2021.
What is the year-to-date (YTD) performance of Polygon (MATIC)? Polygon (MATIC) has a year-to-date (YTD) growth of -48%.
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Frequently Asked Questions
MATIC price may close its trade for 2024, with a more expensive tag of $6.91.
Yes, MATIC is a profitable investment, the digital asset should be properly considered for the long term.
According to our MATIC price forecast, the altcoin could possibly reach a maximum of $5.0678 by the end of 2025. With a potential rally, the price could rise as high as $23,040 by the end of 2030.
Although it’s not a direct apples to apples comparison as one is a layer-2 and the other a layer-1. Polygon is currently standing strong with its robust network.
At its best, Polygon can process 65,000 transactions per second.
The main functionality of Polygon is to enable the multichain Ethereum ecosystem. It provides a network that provides interoperability between previous and current infrastructure scenarios of Ethereum.
Matic Price Prediction $100, It is possible for Polygon Matic to reach $100 over the next 18 years.
Your $100 investment in Polygon in 2020, at $0.022 (December 2020 high), would now be worth approximately $3554.55, with a percentage gain of 3454.55%
MATIC BINANCE
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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