Polygon network is the most rapidly growing Ethereum ecosystem these days, registering trading volumes comparable to ETH. The ChangeHero team explains the reasons for this booming popularity and gives a MATIC Price Prediction for 2021 and beyond.
MATIC Price Prediction 2021–2030
- Polygon is extremely popular in 2021, and the growth of usage can propel MATIC up to $10;
- In a year, in 2022, MATIC is expected to appreciate by two to six times, from $1.1 now to $2.45 or even up to $7;
- By 2025, it can grow up to almost $9 but also dip to $1.9;
- In 2030 MATIC can be traded for three-digit prices, for more than $120.
What are Polygon and MATIC?
Polygon Network is an Ethereum interoperability solution for chains compatible with the network. Polygon used to be called Matic Network, a L2 scaling solution for Ethereum. However, later on the developers expanded the scope of the project and rebranded.
MATIC 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 is Polygon crypto and MATIC, see our Beginner’s Guide!
MATIC Price History
MATIC Price in 2019–2020
MATIC hit the market in April 2019 after an IEO on Binance, attracting plenty of attention. In December 2019, project developers were accused of a pump and dump when a correction from an unprecedented peak of $0.04 caused a selloff to $0.015.
In June 2020 mainnet finally went live, though it was not until launching staking in July that the price moved. All in all, 2020 was a volatile but barely profitable year for MATIC holders, as it opened at $0.014 and closed around $0.018.
MATIC Price in 2021
2021 is the year when MATIC truly gained recognition. Ironically, this happened after the rebrand to Polygon Network in February 2021.
As more and more protocols started using Polygon, its token reached the ATH on May 18, 2021 — $2.68. At the moment of writing, Polygon ranks 16th on CoinMarketCap and MATIC price is $1.14.
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 times like these it’s important to remember: don’t trust, verify (and DYOR).
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.
Latest Twitter posts
— Adriano FΞRIA 🦇🔊 (@AdrianoFeria) July 5, 2021
The Ethereum community has a positive stance on legit projects like Polygon. Ethereum backer Adriano Feria suggested that the relationship between Ethereum and Polygon can be extremely mutually beneficial.
— 🟣 𝐏𝐨𝐥𝐲𝐠𝐨𝐧 𝐒𝐩𝐚𝐜𝐞 🟣 (@Polygon_Space1) July 3, 2021
The account reporting latest Polygon news reports that the DeFi insurer Shield Finance joined the ecosystem. With Shield Finance, the safety of the network users will get improved, the release claims.
Critical breaker around $1.35, while support can be found between $0.90-1.00. pic.twitter.com/62rQZ4z0ZW
— Michaël van de Poppe (@CryptoMichNL) July 4, 2021
Crypto analyst Michael van de Poppe is giving some insights into the nearest future of MATIC price. For now, it is stuck in a range, but what about a more distant future?
Matic Price Prediction 2021
Pick A Crypto Matic price prediction 2021: $5–10
Pick A Crypto analysts claim to use technical analysis for their predictions. Judging from the price movements of MATIC, they give a very bullish target of $5 to $10 in the next few months.
Investing Cube Matic price prediction 2021: $0.74 and up
Investing Cube uses Elliott Waves to forecast the movements of MATIC price. In the opinion of Stavros Tousios, the chart is finishing a 3 wave and could retrace to a bottom of the range, $1.
After that, the retracement could take it lower to $0.74 but the next wave implies a bullish impulse.
Coinquora Matic price prediction 2021: up to $3
Technical analysis made by Coin Quora back in March suggested that the bullish impulse may propel MATIC to new highs. Some time later this year, they are confident that MATIC can reach at least $3.
Polygon price prediction 2022–2024
Wallet Investor MATIC Price Prediction 2022: $2.45–7
In the Wallet Investor prediction, in a year MATIC will be moving in an uptrend. Its lower range will grow from $2.45 to $6, and the top in 2022 is expected to approach $7.
Long Forecast MATIC Price Prediction 2023: $0.84–1.79
Long Forecast is not as bullish on MATIC as other analysts. In their forecast, the Polygon token will bottom at $0.84 in April and bounce up to $1.79 by September.
Gov Capital MATIC Price Prediction 2024: $12.76–19.84
In the next few years, as Gov Capital predicts, MATIC will reach double digits. By 2024, its average price will reach $12.76 and closing price is expected to be closer to $20 ($19.84, to be precise).
MATIC coin price prediction 2025
CryptoNewsZ Polygon Forecast: $1.9–3.5
CryptoNewsZ is very moderate even when it comes to estimating future prices in 2025 because of regulatory uncertainty. Their targets lie at $1.9 low and $3.5 high, and they consider it a reach.
Digital Coin Price Polygon Crypto Forecast: $2.83–3.82
Projections by Digital Coin Price paint a similar picture: MATIC will hover around $3 even in four years from now. This threshold will be reached soon after 2025 starts but $4 will remain unconquered, with $3.82 being as close as it can get.
Coinpedia MATIC Forecast: $8.94
By the middle of the decade, MATIC network will be the go-to Ethereum scaling solution, Coinpedia analysts say. In 2025, their target for MATIC is estimated to be around $8.94, though a fall to the $6.5–$7.24 range may occur.
MATIC coin price prediction 2030
It’s unreliable to assume that the cryptocurrency market in ten years is going to be similar to what it looks like now. Based on this assumption, though, Cryptocurrency Price Prediction estimates MATIC to be worth $99.44 to $122.59.
ChangeHero MATIC price prediction
Polygon is championing easy and convenient building on Ethereum layer-two and it is currently the best approach to building applications on Ethereum. Polygon is going to be on a roll in 2021 and maybe a few more years until Ethereum 2.0.
In the long term, though, the prospects of Polygon are nebulous. The team might come up with more protocol updates in the meantime to keep the project relevant.
How to get MATIC on ChangeHero?
- Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
- The Best Rate transactions will use the rate current to the time when your funds arrive.
- The Fixed Rate will use the rate at the time of step 1;
- As soon as the exchange has been processed, your MATIC is on the way to your wallet.
The customer support is here for you 24/7 in the chat on the website or through the email: [email protected].
MATIC is one of the best performers so far in 2021, and its current position secures its success in the near future. It’s a project that proved its value beyond market trends, with its accessibility and usefulness.
Frequently asked questions
Can Matic reach $5?
Depending who you ask, experts think MATIC can reach this mark either in 2021 or the next year.
Is Matic coin a good investment in 2021?
Opinions are split on whether MATIC will bring in great profit but most predictions are confident it will keep growing.
What will Polygon (MATIC) be worth in 2022?
In 2022, MATIC price is expected to be in the $2.45–7 range.
What will Polygon (MATIC) be worth in 2025?
In 2025, MATIC price is expected to be in the $1.9–8.94 range.
What will Polygon (MATIC) be worth in 2030?
In 2030, MATIC price is expected to be in the $99.44–122.59 range.
This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price.
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 investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.