Can Matic Reach $100, $1000?Polygon Price Prediction 2023-2030 (2024)

Article Coverage: Past Performance, Latest News, Polygon Matic Price Prediction Today, Is Polygon Matic a Good Investment, Latest Polygon Matic Video, Will Polygon Matic reach $100, $1000, $10000, Polygon Matic Price Prediction 2023-2030

Latest Polygon Matic Price

Polygon Matic Price Performance so far

Latest Polygon Matic News

• The Sandbox is launching a revamped marketplace on Polygon for reduced gas fees. Polygon is known for its significantly lower gas fees compared to the Ethereum mainnet. Lower gas fees can result in faster transaction processing and a smoother user experience on The Sandbox marketplace.
• Polygon will integrate Celestia, a data availability (DA) solution, into its Chain Development Kit (CDK). This offers developers building new Layer 2 networks on Polygon an alternative to using Ethereum itself for storing and verifying transaction data.
• Chainlink Data Feeds are now available on Polygon zkEVM. This integration allows DeFi applications built on Polygon zkEVM to access external data feeds securely and reliably. Potential benefits include enhanced DeFi capabilities, improved scalability, and increased security.

Polygon Matic Performance Statistics

Gaming Unique Active Wallets

• Active Wallets: 805.8K
• Last 7 days: +10.3%
• Last 30 days: -16.2%

Polygon Matic DeFi

• TVL: $876.5M (Rising)
• Last 7 days: -1.7%
• Last 30 days: +2.5%

Polygon Matic NFT Data

• Sales(30 Days): $27.1M
• Last 7 days change: -1.5%
• Last 1-month change:-33.1%

Coinbase International Exchange has announced the upcoming launch of perpetual futures contracts for Polygon (MATIC) and Bitcoin Cash (BCH) on Coinbase International Exchange and Coinbase Advanced. Users can commence trading MATIC-PERP and BCH-PERP contracts from December 7, expanding the exchange’s perpetual contracts offerings.

Polygon Matic – Buy or Sell Poll

Net Buy % = Buy% – Sell%

• Nov 7th: +48.6%
• Nov 29th: +47.2%
• Nov 30th: +47.3%
• Dec 5th: +48.1%
• Dec 14th: +51.0%
• Dec 15th: +51.4%

Polygon Matic Technical Analysis

The Matic coin price despite multiple attempts by the buyers failed to break above $1. However, the buyers were able to hold the price above $0.90 but in the last couple of hours, MATIC lost momentum and the ice is now below $0.90.

MATIC coin price has found support at around $0.826 price level. The buyers have been able to prevent the coin price from falling below this level. The overall outlook surrounding the MATIC coin is neutral. On the 4-hour timeframe chart, the MATIC coin price has fallen below its 50-day MA which is around $0.8748 but remains below its 200-day MA which is $0.82.

The short-term trends surrounding the asset are negative as indicated by the SMAs but with the buyers once again trying to push the MATIC coin price higher, the overall momentum is neutral. The RSI of the MATIC coin is below 50.0 and has been moving sideways. The RSI reading at the time of writing is 48.7. The trend is neutral.

However, on the Fear and Greed chart, the F&G indicator bars have developed on the Greed zone. It suggests that the overall market sentiment is positive.

On the MACD chart, the MACD line has fallen below its signal line and the red histogram bars have started to increase on the negative axis. It is a sell signal.

Overall the technical indicators suggests that the overall market outlook surrounding the MATIC coin is neutral.

Polygon Matic Price Prediction Today, Tomorrow and Week

• Matic Price Prediction in the next 24 hours is between $0.796 and $0.823
• Matic Price Prediction this week is between $0.769 and $0.840

Polygon Matic Price Prediction 2023, 2024, 2025-2030, Aggregated

• Matic Price Prediction 2023 is $0.852
• Matic Price Prediction 2024 is $1.59
• Matic Price Prediction 2025 is $2.29
• Matic Price Prediction 2026 is $2.99
• Matic Price Prediction 2027 is $3.69
• Matic Price Prediction 2028 is $4.78
• Matic Price Prediction 2029 is $6.91
• Matic Price Prediction 2030 is $9.69

Can Polygon Matic Reach $50, $10?

Polygon Price Prediction: Can Polygon Reach $100?

To reach $100, Polygon will need to rise 90x

• Ethereum went from $2 to $200 in less than 2 years
• Binance went from $1 to $100 in less than 4 years
• BTC went from $100 to $10000 in less than 4 years

At $100, Polygon Matic’s Market Cap will be $872 B, not an impossible number in the long run.

If Matic were to rise 30% a year, it would take it 18 years to reach $100. That would be the year 2040. Given how liquidity patterns change when adoption rates go up, this could be achieved much faster than in 2041.

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Matic Price Prediction: Can Polygon Reach $1000?

Given the amount of time it would take to reach $100, $1000 will inevitably be that much more difficult. At $1000, the market cap would be a daunting $8.7 Trillion.

If Matic were to rise 20% a year, it would take it 31 years to reach $1000. That would be the year 2053. It is almost impossible to deliver such a long-range forecast accurately.

• Despite being one of the most attractive blockchian networks, some hurdles could derail the journey of Matic to reach $1000. Polygon’s biggest competitor is Ethereum and with the way ETH is marching ahead, there may be a time when most of the cryptos will move to the Ethereum blockchain.
• Despite Polygon MATIC positioning itself as a solution for Ethereum’s Scaling, Speed, and Transaction Fee issues, the less adoption of Polygon may become a barrier to its rise.
• It must be noted that Polygon has not been able to build a consumer connection on par with say Shiba Inu or Dogecoin. Specifically in the United States. While this has improved over the last few months, it hasn’t reached the same levels as Shiba Inu while just about matching Dogecoin. Given Dogecoin’s use cases, Matic is clearly underperforming.

Polygon is one of the most innovative and well-funded projects. Like all, it has some drawbacks but the advantages of the Polygon blockchain outsmart the drawbacks. Polygon has a bright future and the rise of Polygon is eminent. However, it needs nearly 20 years to reach $1000 and it has no burn program at the moment to reduce that time. It is almost impossible to forecast 50% growth a year for the next 18 years. At the moment, we predict Polygon can’t reach $1000.

However, Polygon is well placed to reach $100 by 2040.

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Will MATIC Reach $10000? Detailed Analysis

In order for MATIC to reach $10,000, it would need to increase by a factor of 18,953. At $10,000, MATIC’s Market Cap will be $92.9 Trillion. If it were to grow at a rate of 25% each year, it would take about 44 years to reach $10,000. Let us evaluate this data

• Quality of Investment- Moderate
• Growth required to reach $10,000- Not Feasible
• Market Cap at $10,000- Not Feasible
• Time required to reach $10,000 if it were to rise at 25% per annum- Partially Feasible

Considering the criteria Quality of Investment, growth required and time required, MATIC has a low chance of reaching $10,000.

Polygon Price Prediction: Is Polygon Matic a Good Investment?

Polygon Matic Blockchain

Polygon MATIC is a layer 2 blockchain that is a solution for Ethereum’s Scaling, Speed, and Transaction Fee issues. Polygon’s fix to these problems makes it a viable scaling solution for Ethereum. It operates on the Proof of Stake mechanism which uses far less energy as compared to the Proof of Work mechanism. Polygon provides Security as a Service either through Ethereum’s blockchain or through Polygon’s pool of professional validators.

Polygon network is well funded. In 2022, it has raised fresh capital this year that gives the founders the flexibility to build Polygon into a profitable blockchain that drives Matic Token demand even higher. Polygon is faster and has the capacity to process 7,000 transactions per second. Added to it Polygon is cheaper and the Gas fees charged are just a fraction of what is charged by Ethereum.

• Polygon is a bridge for Ethereum to execute a transaction faster. Polygon is meant to extend the advantages of Ethereum’s security and ecosystem to all without depending on the ETH blockchain.
• Polygon (MATIC) offers users a variety of features, making it an attractive option for users looking to invest in the world of cryptocurrencies.
• GAS Fees: It is stated by the co-founder of ETH that despite the Merge the GAS fees will not be decreasing. Here, MATIC takes the lead, since it has placed its transaction fees in the range of $0.0005 to $0.2 which is minuscule compared to ETH’s $12. Polygon has saved more than $140 M in GAS fees till now.
• Polygon blockchain can be used in developing DeFi, Metaverse, NFT, and other blockchain dApps.
  • Apart from this, Polygon also helps in minting NFTs and staking with the help of its native token Matic.
  • Polygon blockchain enables NFT trading. Due to its lower transaction cost, it becomes attractive for NFT developers. One of the biggest NFT platforms Opensea uses is the Polygon blockchain. Apart from it, the other NFT platform running on Polygon is Aavegotchi.
  • Some of the Defi apps using Polygon are Compound, Aave, etc.
  • Polygon Network is also used in the field of digital payments. Some of the payment apps using Polygon blockchain are atomic swap, jelly swap, etc.
• Polygon has also ventured into the field of Gaming with its own platform called Polygon Studios. A polygon with this division helps in the transition of gaming from Web 2.0 to Web 3.0.

Who are the Competitors of Polygon?

One issue with Polygon has been growing competition. Several new players are coming up and several new players already exist. Here are some competitors to the Polygon network:

• Solana Labs
• SKALE Labs
• Immutable
• Dragonchain
• Forte Labs

Overall, Polygon is a fairly formidable blockchain well-ranked in use cases.

Matic Token

The Matic Token has 2 purposes

• It is used as a gas fee which means every time a transaction goes through the polygon Matic network, apps will need to pay a certain number of Matic Tokens as fees
• Matic is also used for rewarding participants in the Proof of Consensus system. Matic can be staked to earn rewards

Overall, Polygon is a good investment option

Polygon burn updates

A total of 25617498.21 MATIC are burnt to date and 2428862.16 MATIC token burns are in progress.

Polygon proposal updates

PIP-29: Polygon Protocol Council: This proposal introduces the Protocol Council, a governing body tasked with overseeing routine and urgent updates to system smart contracts. These contracts constitute essential components of the Polygon protocols, executed through Ethereum’s smart contract framework.

How To Buy MATIC Tokens?

MATIC tokens can be purchased in the following three steps:

• The first step is to select a crypto exchange from which you wish to make a purchase.
• After setting up the account in that exchange, choose the mode of payment (i.e., either through fiat currency or using other cryptocurrencies).
• In the third step, you need to make a swap of tokens with your selected mode of payment and then store the tokens in a crypto wallet.

Where Can I Buy MATIC Crypto?

Polygon Matic can be bought on numerous centralized and decentralized crypto exchanges including Binance, Coinbase, KuCoin, Kraken, Bitfinex, Bitstamp and Uniswap.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.