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Polygon Price Prediction

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Nov 30, 2022
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5 min read
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This blog post will cover:

  • What is Polygon (MATIC)?
  • MATIC statistics
  • Polygon Roadmap
  • Crypto community about MATIC
  • MATIC price prediction 2022
  • Polygon (MATIC) price prediction 2023
  • Polygon (MATIC) price prediction 2025
  • Historical price analysis
  • Conclusion

What is Polygon (MATIC)?

MATIC is a native token of a Polygon platform. It is an ERC-20 token which is important because the main purpose of Polygon is to bring together Ethereum-compatible blockchains to create a multi-chain system. This will significantly change a transaction process, and make it cheaper and faster.MATIC has two main roles in the system: to serve as payment for services within the Polygon platform and to be a settlement currency between people who operate there. In case someone wants to have this token, they would have to purchase it, because MATIC is a non-minable token. It is released monthly, and all tokens should be released by December 2022.

MATIC statistics

Let’s take a look at some MATIC statistics represented on coinmarketcap.com:

Price prediction at 11.30.2022:
MATIC price: $0.8392741248605494
Market capitalization: $7330486655.323962
Volume (24h): $223594310.02240312
Circulating supply: 8734317475.28493 MATIC
Total supply: 10000000000 MATIC
Max supply: 10000000000 MATIC

Polygon Roadmap

The Polygon roadmap does not consist of particular timing slots. However, there is a certain goal that the founders are eager to achieve. This purpose is to make it possible for independent blockchains to connect into one multi-chain. It should bring a set of interesting features into the DeFi world. The most significant thing is interoperability, an opportunity to create bridges to external systems and to exchange tokens, contracts, messages, etc. faster.So far developers are focused on building partnerships with other chains.

Crypto community about MATIC

The Polygon community is very supportive in spite of all the problems the platform had.

We can also suppose that MATIC has turned into a quite hot topic, and the community plays not the least role in this.

Moreover, it seems that Polygon is rather comfortable to use to create NFTs.

MATIC price prediction 2022

Let’s take a look at what the future keeps for the MATIC crypto.

Price prediction at 11.30.2022:
Minimum MATIC price for 2022: $0.28458000000000006
Maximum MATIC price for 2022: $1.2547000000000001
Average MATIC price for 2022: $0.7731133333333331

Year-end MATIC price predictions 2022:
Minimum expected: $0.28458000000000006
Maximum expected: $1.2547000000000001
Average expected: $0.7731133333333331

Polygon (MATIC) price prediction 2023

In 2023 TradingBeasts.com predicts continuous growth to $1.5 by the end of the year. WalletInvestor.com also foresees an increase of a price, however, a little more optimistic. The analysts of this resource believe that MATIC will start the year at $10 and will continue its growth up to $15. Digitalcoinprice.com analysts expect the price of MATIC to fluctuate around $2.3. Nonetheless, by the end of 2023 we may witness a slight increase up to $2.6.

Polygon (MATIC) price prediction 2025

In 2025 the positive trend will continue. WalletInvestor.com predicts a stable growth throughout the year. Digitalcoinprice.com foresees an increase to $3.99.Some experts believe that if MATIC will preserve the current trend, by the year 2025 its price will overcome $20 mark.

Historical price analysis



All Time High: $2.68 (May 18, 2021)


All Time Low:$0.003012 (May 09, 2019)

If we take a look at the price graph, we will see that up to May 2021 MATIC had a very promising upgoing trend. However, in May and June 2021 it showed a very significant rise followed by a huge dip. One of the reasons for that may have been an attack on the TITAN token. This is a share token that belongs to Iron Finance, and it began a bridging to the Polygon protocol on May 18. At a certain point TITAN’s price rose to $65 and then fell to $0. Big investors started to withdraw their savings and that caused a bank run. Such an abnormal activity has all the chances to destabilize the system for some time.Right now MATIC is continuing a downward trend. At the same time with huge support from its community and all kinds of activities the team has now to motivate demand, MATIC has an opportunity to recover and stabilize at a better level.

Conclusion

MATIC is a native token of a Polygon network. This blockchain was meant to solve the main Ethereum problems which are scalability and the commissions cost. Polygon, as a working solution of these issues has gained its popularity pretty fast. Due to its own developments Polygon managed to increase the bandwidth, lower the commissions cost and make the creation of decentralized applications cheaper. However, the solution to the scalability issue provided by Ethereum developers proposes to switch the blockchain to the POS algorithm. It also makes us think about the future of the Polygon network. The shift to a new algorithm can take a lot of time for Ethereum because not all the developments are finished. It is likely that all existing high-load problems will not be solved immediately.

The Polygon network doesn’t stand still and announces its ambitious plans of uniting the popular blockchains into the consolidated Internet of blockchains. Polkadot and Cosmos projects are already experimenting with it but, unfortunately, they are far away from the expanded use. The Polygon network has ambitious plans but they don’t guarantee the achievement of the result that will allow to take a leader position in this sphere soon.

We hope that this article helped you to understand MATIC price trends better!

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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