{{COIN_FULL}} Price Prediction 2025, 2030, 2035
The price of {{COIN}} today is {{PRICE}}, changing within the past 24 hours for {{CHANGE}} and {{CHANGE_7D}} over the week. {{COIN}}’s price action is characterized by the {{SENTIMENT}} sentiment.
The current volatility index for {{COIN}} is measured at {{VOLATILITY}}. {{COIN}}’s circulating supply is {{COUNT}}. In the big picture, the highest price {{COIN}} has reached is {{ATH}} and its lowest observed price was {{ATL}}.
Disclaimer
This information is not financial or investment advice. When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.
What are Polygon and MATIC?
Source: Token and Crypto
Polygon Network is an Ethereum interoperability solution for chains compatible with the network. Polygon used to be called Matic Network, a layer-two (L2) scaling solution for Ethereum. However, later on the developers expanded the scope of the project and rebranded. MATIC token is the legacy from Matic Network given a new role in the expanded system. When Matic Network was rebranded to Polygon, developers chose to put network security to MATIC instead of making a new token. If you’d like to know in more detail what Polygon crypto and MATIC is, see our Beginner’s Guide!
What influences the price?
Integrations and Partnerships
Like we previously mentioned, parabolic growth of Polygon was caused by a skyrocketing usage. As Ethereum developers suggest using layer 2 solutions instead of waiting for Ethereum 2.0, many developers appreciated and picked Polygon. But that is not the only reason why Polygon is booming, the developers take great measures to attract developers and capital. Their Defi For All fund of $100 million was created to support builders of the network. Existing protocols like Balancer choose to move to Polygon to bypass Ethereum congestion and costly fees.
Reputation of Protocols on Polygon
Polygon is an ecosystem of chains and protocols, and not all of them are inherently safe to use. For one, among the protocols that suffered from attacks and exploits are SafeDollar, Malt Finance, Malt Protocol, Polywhale and Iron Finance. Polygon itself is not complacent in these occurrences but the trust in the ecosystem as a whole might be shaken. It is in times like these it’s important to remember: don’t trust, verify (and do your own research).
Institutional Adoption
Last but not least, Polygon was highly appreciated even by institutional investors. Grayscale Investments offers its clients MATIC among other altcoins. Polygon is also backed by vocal and reputable personalities like Mark Cuban.
{{COIN}} Price Prediction for Today, Tomorrow, & This Month
In the short term, due to the {{COIN}} sentiment leaning {{SENTIMENT}}, the price prediction for today, tomorrow and the next few weeks is as follows:
Yearly {{COIN}} Price Forecast
Right now, technical indicators suggest that the price action is {{SENTIMENT}}. For as long as over the next few months, it can have a bearing on the short-term {{COIN}} forecast.
Longer time frame analysis suggests short-term trend changes with sustained long-term momentum.
{{COIN}} Sentiment
Which way the market swings today? Overall, technical indicators show that currently, the sentiment in the {{COIN}} markets is {{SENTIMENT}}. The Fear and Greed Index for {{COIN}} today is in the {{FEAR_GREED}} zone.
Moving Averages of {{COIN}} Today
One of the most versatile technical indicators for both short-term and long-term analysis is moving averages. They track the price of an asset over a certain period of time, grounding their results in historical analysis.
A simple moving average (SMA) is an average of the prices for the specified period (i.e. an SMA 20 indicator tracks averages the price for the past 20 days). Exponential moving averages (EMA) take SMA as a basis but give more weight to more recent prices.
Once these are calculated, traders use them to check whether the current price trend is bullish or bearish. Neither SMA nor EMA is the more informative one as these indicators work best in tandem.
More Technical Indicators for {{COIN}}
For a more detailed breakdown of the technical indicators one-by-one, refer to the table of {{COIN}} technicals today.
