Is Polygon MATIC Crypto a Good Investment?

The growing popularity of decentralized finance (and NFTs) has led to the largest blockchain networks becoming congested with transactions, resulting in high network fees. At peak usage, token swaps on decentralized exchanges like Uniswap ballooned to the equivalent of over $1000 for a single transaction. A far cry from what retail traders have become accustomed to with zero commission brokers. Polygon is a good investment in the short and long term as per the price forecasts of experts and analysts at Coin Price Forecast, Digital Coin Price, CryptoNewsZ, CoinPedia, PricePrediction, and Gov. Capital.

Due to such market contradictions, many crypto traders and investors may be confused about whether it is time to hodl or sell their assets while the prices are good. In this article, we will take a closer look at the opinions of different crypto experts on MATIC’s future trading opportunities and take a look at our Polygon price prediction. It may come as a surprise to you that on the 1st day of 2021; MATIC had a price of $0.02. MATIC is extremely affordable as it continues to trade below $1 per coin. With huge validation from prominent investors such as Mark Cuban and partnerships with blockchains and applications with a strong user base, investing in MATIC in 2022 will surely lead to gains.

Though, do note that while we expect prices to potentially hit $1.83 in 2023, they can also decline to $0.95. Based on the price forecast we have developed for Polygon, it can be a profitable investment for both long- and short-term investors, with MATIC expected to hit new highs from 2023 to 2030. Up to this point, we have presented the most thorough Polygon price prediction for investors of all experience levels.

Who Should Include Polygon’s MATIC In Their Portfolios?

It is not an offer to buy or sell any security, product, service or investment. Polygon zkEVM, another big project after Polygon (PoS), is currently on the mainnet in the Beta phase with significantly fewer gas fees, increased TPS, and the use of Ethereum dApps. NFT transactions being highly secure data processing, the time consumption and gas fees were high, which was indirectly affecting our environment by releasing more carbon dioxide into the environment. Polygon uses PoS (proof-of-stake) technology that is most utilized for its speed, scalability, flexibility, and cost, helping Ethereum solve its primary problem. Polygon PoS transaction speeds are up to 7,000 tx/s, which is exponentially faster than Ethereum, which is at 15 tx/s. Polygon has been a prominent player in the blockchain ecosystem.

Towards the end of last May, high-profile cryptocurrencies like Bitcoin and Ethereum recorded sharp downtrends. Around the same time, a new cryptocurrency known as Polygon (MATIC) rose nearly 35%. And although the new asset eventually bowed to the market-wide sell-off, its crash wasn’t as drastic. Sometimes, users feel more comfortable working with an exchange if they know that the exchange has a footprint in the industry. Let’s take a closer look at the numbers to show you why you shouldn’t expect Polygon to reach a price of $1,000.

This means Polygon processes approximately 65,000 transactions per second (TPS). Currently, more than 1600 DAPPS were using Polygon’s infrastructure. These include DAPPS in decentralized finance, non-fungible tokens & gaming, decentralized autonomous organizations (DAO), wallets, oracles, and business-to-business technologies.

Polygon

At the time of writing this article, MATIC was trading at $0.75 based on data from CoinMarketCap. Like most of the other cryptocurrencies, MATIC crashed due to the crypto bear market in June and July 2022. Previously known as Matic Network, Polygon is an Indian-based platform that seeks to solve some of the main challenges faced by the Ethereum network. These include high gas fees, low transactions per second (TPS) and general poor user experience. Around May 2019, Polygon was trading for as low as $0.003 but quickly grew to over $2.5 in May 2021 and then to almost $3 in December. Although the price has slumped during the crypto market crash in June 2022, experts predict an uptrend in the coming years.

This is due to the fact that the Polygon ecosystem is expected to grow further as more users come on board. The increasing adoption of cryptocurrencies and favorable market trends are also expected to contribute to the rise in the price of MATIC. Aside from holding Polygon and profiting from any price increase, investors can also passively earn more tokens by staking their MATIC which helps secure the Polygon network. It is evident that Polygon is an impressive platform with significant potential.

MATIC Price Prediction $100 Dollars: Can MATIC Reach $100 Dollars?

You should consider price, percentage change, and forecasted price by a credible crypto prediction portal. Experts at CoinPedia estimate MATIC could reach the best possible price of $5 by the end of 2025. At $0.92, you could purchase 30,000 MATIC and it would cost you $27,600. In the case the forecast is reached, your 30,000 MATIC multiplied by a new price of $5 would equal $150,000.

Polygon uses a modified proof-of-stake consensus mechanism to efficiently operate the platform. Digital Coin Price has an incredibly optimistic Polygon (MATIC) price prediction. According to them, the minimum value MATIC tokens will reach in 2023 is $1.23 and the maximum what are notes payable is $3.23. They expect that the Polygon cryptocurrency will see slow yet steady growth in the coming years, reaching an average of $10 per MATIC coin in 2029. Cryptocurrency experts are ready to announce their forecast for the MATIC price in September 2023.

The developers are constantly announcing partnerships with Web 2.0 giants. In early 2021, there was a significant increase in the trend of NFT on Web 3.0. Everyone was talking about NFT and its supremacy, but there was a significant issue with NFT transactions. As Ethereum was the platform for NFT transactions, the processing time was outrageous, and the gas fees were exorbitant. It’s nearly impossible to accurately forecast crypto prices that far into the future. You can see our estimation of what MATIC price may be in 2025 in our price prediction, but please take it with a grain of salt and remember to do your own research.

How Legit is Polygon’s MATIC?

The cryptocurrency has since been steadily growing, scaling the charts to become the 13th biggest cryptocurrency, according to CoinMarketCap. It currently has a market cap of $17.6 billion and a fully diluted market cap of $24 billion. Apart from crypto trading, BTCC also supports tokenized futures service, allowing users to trade stocks and commodities futures (Gold/Silver) with USDT as the margin. BTCC charges 0.06% for both takers and makers, which are way below the industry average. According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is 0.2294% and the maker fee is 0.1854%. Notable options for purchasing Polygon include Binance, BTCC and Coinbase.

• Just follow the golden rule when buying crypto — don’t put in more than you could afford to lose.
• This is because of the unpredictable nature of the cryptocurrency market.
• The Polygon crypto asset recorded over 14,100% by the end of 2021, and experts predict that it might be a great investment in the next few years.

MATIC, Polygon’s native token, is an ERC-20 token based on the Ethereum blockchain, meaning it can be stored in any Ethereum wallet, including Eidoo and MetaMask. In addition, tokens are used for payment services on Polygon and for settlements between users who work on the Polygon trading platform. After years of analysis of the Polygon price, crypto experts are ready to provide their MATIC cost estimation for 2031. It will be traded for at least $$15.41, with the possible maximum peaks at $$18.21. Therefore, on average, you can expect the MATIC price to be around $$15.83 in 2031. Every year, cryptocurrency experts prepare forecasts for the price of Polygon.

By the first half of 2024, the Polygon price might hit the $1.7 mark. The maximum Polygon MATIC price would be around $2.2 by the end of 2024 with a minimum price level of $1.6. Binance Coin (BNB) Binance is the most successful cryptocurrency exchange in terms of trading volumes. Like bitcoin, binance coin keeps a hard limit on the number of tokens https://1investing.in/ in circulation — in its case, 165,116,760 tokens. MATIC is among the largest assets which are found on a global scale, and it also belongs to the community of popular scaling solutions. It is believed that the world of crypto coins will have a good investment in Polygon in comparison to other cryptocurrencies which are in the mainstream.

For the near future, there doesn’t seem to be any implied pressure to buy Polygon (MATIC) soon. And Bitcoin halving has proven in the past to serve as a major event investors should take note of. General investors have seemingly lost interest in cryptocurrencies. That’s likely because a lot of investors got in when the markets were red-hot. An estimated 70% of crypto holders in the U.S. entered the market in 2021.

On the other hand, Polygon is becoming mainstream every day and has the backing of major players such as Coinbase and Binance. It may be demanded less when Ethereum 2.0 reaches full functionality mode. Additionally, its novel token MATIC is not that popular with novice or unsophisticated cryptocurrency traders and investors.

How Polygon solves Ethereum’s issues

Gov.capital believes that MATIC will reach $2 by the end of 2022. According to Digitalcoinprice, Polygon MATIC might reach the $1 mark by the end of 2022, and climb to $1.73 in 2023. But the wildest of all price pumps happened between May 6th and May 18th when MATIC jumped from $0.8 to more than $2.5, its highest price of all time.

This continues to rise as more users of DeFi and developers of decentralized applications (DAPPS) flock to Polygon. In the long term, this will cut the number of users on Polygon in half. With time, Polygon may not have the increasing usage rates it is currently enjoying. This could affect the price of its native token, MATIC in the long term. Digital Coin Price believes Polygon’s MATIC is a great investment in 2022 and beyond. According to the experts, MATIC could have a trading price of $1.15 by the end of 2022 and $1.66 by the close of 2023.

As such, there can be little argument that the project has genuine value and a real-world use case. Ethereum is the top smart chain in existence and even with its 2.0 upgrade and Polygon fulfils a very valuable role within that ecosystem. It can be concluded that the recent increase in the price of Polygon indicates favourable developments occurring within its ecosystem.