Cryptos

Polygon (MATIC) Price Forecast & Prediction 2022-2025

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Polygon’s native token MATIC is one of the best-placed assets in the cryptocurrency space. Recent key updates support MATIC’s bullish view. The crypto launched EIP 1559 upgrade at the start of the year, reducing block size and integrating a fee-burning feature.



The ETH scaling solution also announced a permissionless ZK-rollup to scale capabilities further. However, macroeconomic factors, including inflation and central banks’ activities, have kept MATIC in check.

Look no further if you look for this crypto price prediction for 2022-2025. We will look at the latest trends to determine what to expect from the future price changes.

What is Polygon?

It is a layer-two scaling solution built for ETH scaling and infrastructure development. The platform functions by enabling developers to deploy ETH-compatible protocols seamlessly. Polygon enables this function with various developer modules, including consensus and governance modules, execution environments, and virtual machine implementations.

With Polygon SDK, developers can build and link layer-2 infrastructures like Plasma, ZK Rollups, Optimistic Rollups, and Validium. Polygon-supported blockchain benefits from the proof-of-stake consensus algorithm, which uses validators to secure transactions.

Polygon’s PoS and Plasma hybrid consists of three layers; staking and Plasma smart contracts, Heimdall layer, and Bor. The first layer supports smart contracts for staking function and the PoS layer. The Heimdall layer facilitates the aggregation of blocks from the Bor layer into a Merkle Tree. Bor is the block generation layer that synchronizes transactions into blocks.

Matic Network was renamed Polygon in 2021 to support the various layer-2 scaling networks. The platform was unveiled in 2017 by co-founders; Jayant Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. Polygon has attracted Binance Labs, Coinbase Ventures, and AU21 Capital backing.

Polygon: should you invest in MATIC today?

According to the daily price outlook, MATIC currently faces bearish pressure at a critical level. The digital asset is trading at the $1.31 support zone. MATIC is also below the 100 moving average and the 200 MA, and price consolidation could be seen at these levels. Moreover, the Relative Strength Index remains at 37.12, indicating a possible further drop. The choppy market in the chart below makes MATIC unsuitable for short-term investments.

Polygon (MATIC) price forecast & prediction 2022-2025 (daily chart)

Polygon (MATIC) price forecast & prediction 2022-2025 (daily chart)

Will MATIC reach 10 USD in 2022?

We project a bullish price outlook on MATIC tokens in the long term based on the growing crypto adoption, the use cases of the Polygon network, and the technological aspects.

  • According to our technical and fundamental analysis, MATIC will jump to as high as $2.22 in 2022. The token could still rise to a maximum of $2.5 in the same period, with the average trading price expected to be $1.8.
  • In 2023, Polygon is expected to rise to $3 at a more conservative view, possibly peaking at $3.5. The average trading price will be $2.2.
  • The price prediction of Polygon in 2024 is $4.7 at a maximum price and $4.1 at a minimum. The average trading price in the period will be around $3.3.
  • The 2025 forecast puts MATIC at a maximum trading price of $7.25 and a minimum of $7. The average price in the period is expected to be $5.5.

 

MATIC past price analysis

CoinMarketCap places MATIC at number 17 in crypto ranking with a market capitalization of $10,906,329,771.24. There are currently 7.81 billion circulating MATIC tokens from a total supply of ten billion and a matching hard cap.

MATIC tokens are used in settling transaction fees and staking. The initial token supply was 10 billion when the projects were launched through an initial exchange offering and private sale. 35.3% of the supply was allocated to pre-mined rewards and airdrops, 41.9% to founders and development, while investors got 22.8%.

From the past price analysis, MATIC is currently trading at $1.37 after a decline of 0.29% in the past 24 hours and a jump of 0.94% the past week. The token is down by 10.36% since trading at $1.53. The past three months have seen MATIC tank 35.65% from a high of $2.13.

However, the crypto has skyrocketed in the past year, jumping 315% since trading at $0.33. Overall, it was exchanged for a price 51% lower from the all-time high of $2.87 in December 2021.

Polygon (MATIC) price forecast & prediction 2022-2025 (all-time price)

Polygon (MATIC) price forecast & prediction 2022-2025 (all-time price)

Want to buy MATIC?  

MATIC is listed on Binance, Coinbase Exchange, FTX, Huobi Global, and Gate.io. You can purchase it through the steps below:

Step 1. Register an account.

Step 2. Buy Bitcoin or USDT from your wallet.

Step 3. Go to the spot market and choose a MATIC/USDT or MATIC/BTC pair.

Step 4. Exchange USDT or BTC for MATIC tokens. The crypto can also be purchased on the platform using credit and debit cards.

 

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