The post Polygon Price Prediction 2024 – 2025: Will MATIC Scale To $2 in 2024? appeared first on Coinpedia Fintech News
Amidst the overall market correction, the Polygon token is highly affected signaling a downfall possibility in the coming weeks. With an overnight fall of 12%, the MATIC price trend showcases a high possibility of a drop to $0.50.
However, the optimistic eyes hold on to Bitcoin Halving, which could reignite the bullish spark and lead to a stronger uptrend. In short, the HODLers expect the prices to shoot up in the highly anticipated altcoin season.
With Polygon preparing to take off this season, investors are curious about whether Polygon can reach $100. Will Polygon go up? Is Polygon a good investment?
We bring our Polygon Price Prediction for 2024 – 2030 to explore the MATIC price prediction and answer such questions for you.
So read on because MATIC Prediction Prediction can be your golden ticket in the crypto universe.
Table of contents
MATIC Price Prediction April 2024MATIC Price Prediction 2024MATIC Price Prediction 2025Polygon Price Prediction 2026 – 2030MATIC Price Prediction 2026MATIC Price Prediction 2027MATIC Price Prediction 2028MATIC Price Prediction 2029MATIC Price Prediction 2030MATIC Price Prediction 2024 – 2030Market AnalysisCoinPedia’s MATIC Price PredictionHistorical Market Sentiments 2019 – 2024FAQsOverview
CryptocurrencyPolygonTokenMATICPrice $ 0.76725710 -13.66% Market Cap $ 7,585,782,610.2676Trading Volume $ 688,225,153.0002Circulating Supply 9,886,884,895.9065All-time High$2.92 Dec 27, 2021All-time Low$0.003012 May 10, 201924 High $ 0.888224 Low $ 0.7231What’s New With Polygon?
Polygon, a key player in Ethereum’s Layer 2 ecosystem, is making significant progress 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 limitless 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 up.
Significance in ZK L2: In the context of Polygon’s ZK L2, ZKP ensures that all transactions are valid without revealing the specifics of the transaction. This enhances privacy and reduces the computational power required to validate transactions.
MATIC Price Prediction April 2024
With a bearish reversal from the long-coming support trendline, the MATIC price fails to sustain above $1. As the Polygon token’s market price drops under the psychological mark of $1, the downtrend gains momentum.
With multiple bearish weekly candles, the downfall accounts for a 38% drop in five weeks. Currently, the altcoin trades at $0.7674, with a 12% drop last night. Further, the altcoin loses the dynamic support of the 200D EMA, warning a death cross.
In the weekly chart, the lower high formation continues for Polygon and warns of a drop to $0.50, if the market fails to recover. However, a bullish recovery with Bitcoin Halving can boost the market price back above $1. This could revive the possibility of a new uptrend and a bullish breakout of the long-coming support trendline.
MATIC Price PredictionPotential Low ($)Average Price ($)Potential High ($)April 2024$0.50$0.75$1MATIC Price Prediction 2024
Welcoming 2024 with a modest 2.04% increase on New Year’s Eve, MATIC’s journey above $1 was short-lived, succumbing to a pullback. However, the recent 17.35% dip seems to be a mere hiccup in its bullish trajectory, rejuvenated by the Bitcoin Spot ETF nod from the U.S. SEC.
This pivotal moment has rekindled the bullish fervour, positioning MATIC on a path to reclaim and potentially exceed the $1 mark.
Polygon’s DeFi Chapter
With promising prospects of the DeFi sector and the 4th Bitcoin halving in 2024, analysts predict that Polygon’s price could peak at $2.08, with an average value of $1.49.
The Polygon network continues to impress, with a total value locked (TVL) of more than $1.305 billion and a stablecoins market capitalization of $1.294 billion. Further, the TVL value is recovering in parallel to the MATIC coin price.
Technical Charts Lead A Bearish Story
Following a sharp decline after the early 2023 gains, MATIC’s price displays an impressive bounce back, ready to challenge the overhead resistance trendline.
The recovery trend in the weekly chart is gaining momentum and starts an uptrend in 2024. Further, the trend momentum helps sustain the bullish price movement.
In short, the price of Polygon (MATIC) price forecasts for 2024 is a projected high of $2.08. On the flip side, the Polygon crypto price may drop back to its previous low at $1.62, resulting in an average price of $1.85 throughout the year.
MATIC Price PredictionPotential Low ($)Average Price ($)Potential High ($)2024$0.90$1.49$2.08MATIC Price Prediction 2025
MATIC price forecast for 2025 predicts a new all-time high formation with the large-scale adoption of Polygon 2.0.
With a potential high of $3.15, the MATIC coin price is set to sustain the bull run. However, a short correction may reach a potential low of $1.899, making an average of $2.5245.
MATIC Price PredictionPotential Low ($)Average Price ($)Potential High ($)20252.6283.8435.067Polygon Price Prediction 2026 – 2030
MATIC Price PredictionPotential Low ($)Average Price ($)Potential High ($)20263.423.954.4820274.454.9445.43820284.8285.6666.50420296.2676.85857.4520308.7158.89759.08MATIC Price Prediction 2026
Anticipating further expansion, MATIC’s potential high for 2026 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 can make a potential high of $5.438 in 2027, with a potential low of $4.45, leading to 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 high for 2030 is projected to be $9.08. On the flip side, a potential low of $8.715 will result in an average price of $8.8975.
MATIC Price Prediction 2024 – 2030
Market Analysis
Firm Name20242025Gov Capital$2.14$3.46Digital Coin Price$2.02$2.84Trading Beasts$1.38$2.01*The aforementioned targets are the average targets set by the respective firms.
CoinPedia’s MATIC Price Prediction
The Polygon community is rapidly growing, and there are upcoming improvements in Polygon 2.0, which aligns with the expanding DeFi ecosystem. Coinpedia’s price prediction for Polygon is extremely bullish, suggesting MATIC crypto price may reach new swing highs and possibly surpass its all-time high in 2025.
The Polygon Price Forecast 2024 anticipates a swing high of $2.08, with an average price of $1.49.
We expect the MATIC Price to reach $2.08 by the end of 2024.
Price PredictionPotential Low ($)Average Price ($)Potential High ($)2024$0.90$1.49$2.08Historical Market Sentiments 2019 – 2024
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Is MATIC the Best Bet in April?
FAQs
MATIC price could possibly close its trade for 2024, with a pricier tag of $2.08.
Yes, MATIC is a profitable investment, the digital asset should be under due consideration for the long term.
According to our MATIC price prediction, the altcoin could possibly reach a maximum of $5.0678 by the end of 2025. With a potential surge the price could go as high as $23.040 by the end of 2030.
While it is not a direct apples-to-apples comparison, as one is a layer-2 and the other is a layer-1. Polygon currently stands stout with its robust network.
At its best, Polygon can process 65,000 transactions per second.
The major functionality of Polygon is to enable the multichain Ethereum ecosystem. It provides a network that offers interoperability between previous and present infrastructure scenarios of Ethereum.
Matic Price Prediction $100, It is possible for Polygon Matic to reach $100 over the next 18 years.
Your investment of $100 in Polygon in 2020, considering at $0.022 (high of Dec 2020), would be now worth approximately $3554.55, with a percentage gain of 3454.55%
