Polygon (MATIC) Price Predictions 2024–2030 [Expert Advice]

Based on the facts and reasonable analysis, this tutorial will provide Polygon Matic Price Predictions from 2024 to 2050 and beyond:

Polygon began as a blockchain to help solve scaling problems on the Ethereum blockchain network. It was also targeted to achieve a higher transaction throughput or transactions per second (now up to 65,000) than Ethereum.

The blockchain also manages a very low transaction fee compared to Ethereum and hence a much more favorable for decentralized applications.

What is Polygon Matic

Polygon metrics:

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Polygon supports smart contracts. It comes with an in-built cryptocurrency known as MATIC, which can be used for instant and very low-cost peer-to-peer settlement and payments globally.

Matic crypto can be traded on many cryptocurrency exchanges against the USD and other fiat, stablecoins, as well as other cryptocurrencies. It can be used for price speculation in active trading or for holding value in a wallet. We can also use it for paying and receiving payments for goods and services.

Matic’s public initial coin offering raised USD 5.6 million on April 26, 2019. The last public token sale price was $0.00263 and so the price ROI so far is around 310% as per the August 2022 price of $0.8. Decentraland, Zebi, and Parsec Labs are some of the private ventures invested in Matic.

Matic’s low gas fees or transaction fee, which is always between $0.0005 to $0.2, is a huge selling point for the project besides its high transaction throughput and many other utilities. It should be remembered that Ethereum has suffered massively due to its hefty gas fees, as well as scaling problems.

Polygon blockchain uses side chains. Plasma, which is built on a side-chain running on Ethereum Virtual Machine, enables the scaling of smart contracts built on Ethereum.

Suggested Reading =>> Complete guide about How to Mine Ethereum

Matic data:

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Top 8 MATIC markets by trading volumes:

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Polygon Price Prediction Table 2024 – 2030 and Beyond

Factors Affecting Polygon Price

From where does Polygon Matic Cryptocurrency derive its value? What affects Polygon Price?

The image below shows Polygon value statistics:

• Polygon is proof of stake side-chain blockchain for Ethereum and supports smart contracts and the creation of decentralized applications. However, it integrates and allows cross-transactions with decentralized apps on Ethereum and other blockchains that inter-operate with it. It currently hosts a total of 37, 000 dApps.
• Integrating Polygon with dApps allows them to scale and handle a huge volume of transactions per unit time (up to 65,000 transactions per second). Decentralized exchanges can also offer trades at much lower fees to their users. It enables speedy performance of gaming networks and transactions. Merchants also use it as a token lending and credit scoring platform.
• Polygon integrates with ChainLink, Ankr, and many other projects. Such integration enables utility in decentralized oracle applications, messaging apps, data brokerage, and Wi-Fi ad bidding, just to mention a few.
• Polygon is now integrated by several merchants who allow people to pay and receive payments for goods and services in the Matic and other cryptocurrencies. The merchant only needs to have an Ethereum wallet address and no other separate payment channels. Thus it beats competitors like Raiden Network.
• Polygon supports staking, so that holders can earn passive income (between 8% and 14% depending on where you stake) by holding a balance in their wallets. You can either run a staking node or invest via a third-party stake pool node.
• Polygon features a mobile application integrated with WalletConnect.
• It is fraud-proof and allows users on the sidechains to submit details of suspended fraudulent transactions. This reduces fraudulent cases.
• Plasma Cash supports non-fungible tokens or NFTs. As a result, it can be used for game cards and social state changes that implement pre-defined fees.
• Polygon Matic has a huge trading volume. Polygon is used by over 3 million people.
• Polygon has an expansive network of partners. These include Decentraland, Zebi, Hey Coral, and MakerDAO, for instance.
• The recently released Polygon Nightfall allows businesses to use an affordable blockchain network in a private environment. Polygon Supernets powered by Polygon Edge is a customizable blockchain that lets customers build and launch their own custom blockchain networks. eBay has an NFT collection on Polygon and Facebook is partnering with Polygon and Ethereum to support the posting of NFTs on Instagram and other Facebook apps.
• Polygon will be completely carbon neutral by 2022 and later become carbon neutral.

How to Make a Polygon Price Prediction

Short-Term Crypto and Polygon Price Predictions

The image below shows the Price history chart. TradingView is a charting tool that allows you to chart Polygon price history paths and use multiple indicators to analyze the chart for Matic coin price prediction.

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Technical analyses, which rely on technical indicators and historical price data, are mainly used to forecast future crypto prices by looking at past price paths.

The price history data and technical indicators are used to generate historical price movements. The formed price movement patterns are then interpreted against known and ideal price patterns and meanings deduced about where the price is headed in the future.

A technical analysis begins with a trader generating a basic chart of historical prices against time, say what the price was in the last 1 or ten years charted on a graph. The trader will then generate a technical indicator curve over the basic chart by choosing a technical indicator of their choice on the charting tool.

Technical indicators like moving averages, RSI, Fibonacci retracement, and others are used to generate this curve.

For instance, a 12-day moving average price curve comprises the average opening and closing prices over 12 days dividend by 12. This is known as a simple moving average.

An exponential moving average assigns weight to recent prices. A 50-day, 100-day, and 200-day moving averages are also possible. These curves generated using indicators are then used to identify the main support and resistance levels, as well as other data that facilitate predictions.

By selecting an indicator, you can automatically create an indicator-based curve over the price history chart.

A trader will expect a bullish future pattern, for instance, if the historical price chart is above the indicator curve and a drop below the curve is interpreted as a bearish pattern for future prices.

However, there is much more information and data used in making predictions than just the supports and resistances. The support and resistance levels on the price pattern chart are used to indicate when a downward trend is likely to decelerate and when an uptrend is likely to stall.

Technical indicators help traders or investors to understand the price history movement over a given duration. Some technical indicators are used to make short-term predictions and others long-term ones. This is why you will hear of things like a 50-day moving average, a 100-day moving average, etc.

Hence, select the most appropriate one to generate a price history chart depending on the forecast period that you are aiming for. For instance, a 200-day moving average is used for longer-term predictions compared to the 50-day moving average.

Looking at the price history chart and indicator data or curves on a price chart, it is possible to deduce possible future prices and price movements at a future time on the chart by using trading knowledge. Predictions are done by interpreting the generated price historical patterns and curves against well-known tried and tested ideal price patterns.

The ideal pattern is deduced from the indicators. Trendlines, for instance, can be used to visually determine the direction of price in the future on a price chart.

Example of analysis for short-term price prediction:

Momentum, mean reversion, Martingales, and search for value theories are then used to interpret price patterns and make future Matic coin price predictions. Most traders use these projected price and price movements as reliable trading signals when placing trades on cryptocurrency exchanges. They do so to increase the chances of making profits in trading.

On-chain and off-chain blockchain metrics can also be used separately or alongside other data to predict future prices for Polygon and other cryptocurrencies.

There are multiple on-chain and off-chain data indicators used to interpret user behavior and help with these predictions. They include terminal price, balance price, cumulative value coins days, top cap, delta top, indicators overview, etc. Depth charts can also estimate the price direction but on a very short-term (seconds-to-minute basis).

You can also look up already prepared yearly and long-term crypto price predictions for Polygon and other cryptos on websites like cryptopredictions.com.

You can also generate your custom Matic crypto price predictions for any crypto on websites like walletinvestor.com/forecast. Simply select the forecast time frame and crypto, and it will be generated automatically.

Matic depth charts:

Long-Term Crypto and Polygon Price Predictions

Long-term Polygon crypto price predictions for Polygon and any other cryptocurrencies require more expertise than just the technical analyses discussed above. Basic technical charts and chart patterns cannot give a long-term view.

It is possible to generate a 1-month or 6-month price candlesticks chart using TradingView or other charting tools to predict yearly prices for Polygon and other cryptos. However, basic charting tools might have limitations if you were trying to generate 2 or 3 4 or 5-year price candlesticks charts and patterns.

If you were using technical analysis to predict prices for the next 2,3,4 or so years, you don’t have to generate charts and curves with 1-year price data but it is much more accurate.

It is still possible to do a 3 or 6-month technical analysis and then use price projection tools to make future price projects for 1, 2, 3, 4, 5 years, and so on. The problem would be how accurate that short-term analysis is representative of these long-term price projections.

Many analysts use algorithm-based tools for long-term crypto or Polygon crypto price predictions because it can be difficult to use basic tools to deduce possible long-term price forecasts. These algorithms also use technical indicators as well as other inputs and allow for long-term price charting and drafting of long-term price patterns.

The output from these algorithms is not necessarily priced patterns – they could be specific crypto prices at a particular time in the future.

An example of an algorithm used in price predictions is the Long Short Term Memory Network – a type of Recurrent Neural Network. It is used to build a model for predicting asset prices. Other methods used in Polygon Matic price predictions include Deep Learning and supporting vector regression methods.

Momentum, mean reversion, Martingales, and the search for value theories are embedded in these algorithms to help interpret price patterns and make future price predictions. Long-term price predictions can either be bearish or bullish meaning negative or positive. They also differ based on algorithms, inputs, and interpretations.

Technical Indicators and Patterns

Let us understand what are Technical Indicators and Patterns and how you use them in Projecting Polygon’s Future Prices.

A basic price chart is divided into multiple bars or candlesticks (price actions) and so the name bar or candlestick chart and candlestick patterns. Each of these candlesticks is formed from opening and closing prices for that duration.

So a 1-minute candlestick chart comprises candlesticks formed from 1-minute opening and closing prices as well as the 1-minute highest (upper wick) and lowest prices for that crypto. A green candle means the closing price was higher than the opening price (meaning buying pressure) while a red candle means the closing price was lower.

Chart reading requires an understanding of the types of candlesticks (Hammer, Bullish Engulfing, Piercing Line, Morning Star, Three White Soldiers, Bearish Harami, Dark Cloud Cover, Evening Star, Shooting Star, and Hanging Man).

The types of candlesticks differ in size, formation, and color. Each candle type has its meaning, and experienced traders use these meanings to anticipate the candlesticks likely to form next.

When you draw moving average curves over these minutes (5, 10, 30 minutes) or hourly (1, 3, 6, 12, 24 hours) price candlesticks over a day, week, or month, you get price patterns that have particular meaning when deducing possible future prices.

Technical indicators are mathematical formulas based on asset and crypto history price data. They are used to better understand price movements. Once the technical indicator curve is generated over the basic price chart, an expert will interpret the patterns based on their understanding of ideal price patterns.

Ideally, a trader tries to match the generated price pattern with a known pattern charted by the chosen indicator to deduce the meaning of where the price is headed in the future. You can judge prices using basic support and resistance price points or use advanced methods like the Fibonacci retracement.

For instance, a price pattern will definitely form if you chart hourly (or 1-hour) Polygon price moving averages (opening price plus closing price divided by the duration of charting) over a one-day time frame.

Experts using TradingView (or other expert charting tools) give their Polygon Matic price predictions based on their interpretations of these patterns for any crypto. Individuals can also deduce their own technical analyses.

Of course, most crypto trading platforms, apps, and exchanges have their own customizable or non-customizable charting tools for the crypto they support or list for trading. Therefore, there is no need to draft a chart from scratch when trading on an exchange or app. You can always see these basic charts when trading Polygon and other cryptos on these exchanges.

However, these do not have any predictions. Some allow you to choose technical indicators to automatically generate technical indicator curves over the provided basic charts, deduce patterns, and interpret these patterns against ideal patterns to predict future prices for that given crypto.

Interpreting the generated chart patterns against ideal chart patterns and understanding what they mean is the more difficult part of predicting future crypto prices.

To use these charts competitively and deduce your own informed price forecasts for Polygon and other cryptocurrencies, you might need knowledge of the different ideal price patterns and how they are used to understand price movements, charting durations, technical indicators, and how each of them works in predicting prices, etc.

Moving average (average closing price) is the most basic technical indicator used in technical analysis, although some will also use social sentiments and metrics like Twitter mentions, followers, etc. These are either qualitative or quantitative or both.

Some analyses and Polygon future predictions, such as those employing bots and trading bots, add social metrics to traditional technical analyses.

Other basic indicators that you can use to deduce short-term Polygon price forecasts (even though they are less reliable) are the fear-and-greed index, which can be read on sites like CoinMarketCap for Polygon and other cryptocurrencies.

Remember, the idea of technical analyses is to use more educated and information-based or data-based analyses in forecasting prices. It helps avoid guesswork, which can be as weird as you might expect.

Therefore, the reliability and correctness of the technical charts, patterns, and accompanying analyses are the most important because there will be tens if not hundreds of indicators to use in charting and there are different ways of interpreting the chart patterns.

Each price chart pattern has its own meaning for past and future price movements for any asset or commodity. Matic crypto price predictions can be made, for instance, if Golden Crosses and other patterns re-occur.

Polygon Matic Price Analysis

Correlation, Price Levels, Fear and Greed Index

Polygon sentiments and other data (August 2022):

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Price correlation with other cryptocurrencies is positively correlated with Ethereum (0.6) and the correlation is stronger than Bitcoin though still weak. Bitcoin and Polygon (0.09) correlations are positive but very weak.

Fear and greed index – This is an index used to measure the current market sentiment about a given asset. Most people trading cryptocurrency act based on a fear that prices are about to fall and hence they panic sell. Some investors think this (or shortly after) is the right time to buy an asset or commodity because the prices are low.

Polygon social sentiments:

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Most people buy an asset when they think or estimate that its price is likely to go up in the near future.

The fear and greed index is constructed using a number of metrics, including price volatility, trading volume, and social media sentiment among others.

Most Polygon Matic price predictions are bearish for the year 2022, indicating it might not be a good buy then. However, crypto prices have been at one of their lowest points in two years and it is given that they will uptick. Hence, Matic may be a good buy for holders looking to sell or dump it beyond 2024 when the price could pump by 398.71% based on the above analysis.

The cryptocurrency could generate +256.66% in returns by 2025 based on Polygon coin price predictions.

Polygon Price History and Key Events

Market Price History Chart:

Polygon Matic started trading at $0.004 on 29 April 2019. It shot to $0.03 by the end of May of the same year but later fell to $0.01 in early June. Matic later shot to $0.04 in December but tumbled shortly to close the year at $0.014. It recorded a price of $0.02 in February, but fell to $0.006 due to the Covid-19 market turmoil.

Matic entered the list of the top 100 largest coins by market cap, having gained a $30 million market cap volume on May 18. Soon after the Covid disruptions, the price recovery journey. Two months later, it hiked by 165% and almost crossed the 2020 best price of $0.0263. It was trading at around $0.017 at the end of 2020.

The post-Covid period was more than impressive for Matic, whose price reached as high as $2.45 in March before tumbling to $1.669 and $1.79 in August and September. The closing price for the year 2021 was $2.479.

Cryptocurrency prices have been depressed this year. Polygon price changed by 30.32% in June 2022, -49.50% in March 2022, -64.50% in August 2021, and 6,216.57% in 2021.

Polygon Matic Future Price Predictions

For 2022

Technical indicator summary:

Generally, experts expect Polygon crypto to trade between $0.893673 and $4.91. The majority of them expected a price of between $0.80 and $2.27 and this has remained to be true, with the 52-week average so far in August 2022 being between $0.322821 and $2.9232.

Polygon Matic was predicted to drop by -0.83% to $?0.893673 by August 22, 2022, based on technical analyses. It could hit $0.935093 by Sep 16, 2022, based on a short-term 50-Day SMA technical analysis.

However, technical analyst Wallet Investor expects the price to trade at $1.188 on the maximum end. Prices have been depressed in 2022 and Wallet Investors expected rebounds in July, which hasn’t occurred yet.

Perhaps the most aggressive Polygon predictions came from Trading Beasts, who noted that the price could go as high as $4.91 in 2023, but it couldn’t be further from the truth. The highest price hit for Polygon in 2022 is $2.91 so far.

Gov Capital forecasted that the price would hit $0.7 this year. Matic could trade between $0.80 and $0.90 on the minimum and maximum end, respectively.

Digital Coin Price prediction gave a Polygon price forecast of between $1.95 and $2.27, meaning the average price would be around $2.01.

The average price Polygon coin price prediction given by Price Prediction for Polygon in 2022 is $1.92 and the analyst expected the crypto to trade at $1.85 on the minimum and $2.19 on the maximum end.

For 2023

Polygon is likely to rise by 124.81% by 2024 to trade between $1.169141 and $2.03 per coin based on a Polygon crypto prediction that relies on sector growth. This is despite lower price forecasts using the 30-day technical analysis method.

Wallet Investor gave Polygon predictions that show the price is likely to trade at $0.6483 on the minimum end by 2023.

For 2024

One Polygon crypto prediction relying on sector growth states that the price could pump by 398.71% to trade between $1.496618 and $4.49 in 2024.

Price Prediction states that the crypto could reach as high as $2.29 to $2.68, meaning the average will be $2.37 per coin.

For 2025

Price Prediction experts gave a prediction of between $3.39 and $3.97 in 2025. That puts the average price at $3.50. We do think that this is a less optimistic Polygon crypto prediction going by the current Polygon price momentum.

Matic is likely to trade at between $1.915820 and $9.97 in 2025, hence recording price growth of 1,006.28%. The Polygon price forecast is based on sector growth potential.

Other analysts expect the coin to trade between $1.05 and $2.5 on the minimum and maximum end.

A price of between $1.8 and $3.0 is as likely based on another prediction, even as projects within the blockchain continue to gain momentum.

For 2026

The cryptocurrency is anticipated to trade at between $5.12 to $6.06, and an average price of $5.29 in 2026. This is according to a Polygon crypto prediction given by Price Prediction. A prediction of between $5 and $7.0 is agreeable to most experts for the year 2026.

The potential of the DeFi projects on Polygon is immense and is likely to push and support the price for the longest in the future. Trading Education projects that the crypto will trade between $8.47 and $24.17, meaning the average price will be $17.46. The crypto will be worth $23.25 per coin by the end of the year.

For 2027

Price Prediction predicted that the coin will trade between $7.28 and $8.84 and an average of $7.54 in 2027. An almost similar prediction was given by Changelly.

Trading Education projects that Polygon will trade or be worth between $21.43 and $33.84 in 2027, meaning the average price will be $28.92. The experts say the coin will close the year at $31.20.

For 2028

Polygon is likely to trade at a minimum of $10.76 and a maximum of $12.42 in 2028, with the average price being $11.07. Changelly and a few other experts also seem to agree on this Matic Polygon price prediction.

Polygon is finally likely to command a sizeable market as a scaling solution for many blockchains. This definitely improves its price prospects. Experts forecast the cryptocurrency will trade at between $35.88 at the beginning of the year and attain a maximum of $42.09 each. The average price will be $38.69.

For 2029

Polygon is projected to attain a minimum price of $15.06 and a maximum of $18.50, with the average price being $15.61 in 2029. This is according to a Matic polygon price prediction given by experts from Price Prediction and Changelly.

Polygon is projected to reach a maximum price of $48.90 and a minimum of $39.39, meaning the average will be $46.85 per coin.

For 2030 and Beyond

A very cautious prediction given by experts from Price Prediction and Changelly stated that the coin could trade at between $22.74 and a maximum of $27.07, with the average price being $23.36 in 2030. This will put the average pricing at $23.36. They also predict that the crypto will trade between $34.01 and $39.08 in 2031, meaning the average price will be $34.94.

2030 could be the year when Polygon trades at more than $50 for the first time according to a Matic price prediction given by Trading Education experts. The experts explain that the coin may trade between $43.68 and $54.85 per coin. It will therefore manage an average price of $50.45 by the end of the year.

Also Read => Bonfire Cryptocurrency Price Predictions for the year 2022-2031

What Will Affect Future Polygon Matic Prices

• Polygon prices vary based on supply and demand because crypto is available for trading, holding, and investing. The supply could be affected by holdings as well as block reward halvings, hard forks, and protocol updates.
• Social sentiments and hype can affect prices, for instance, when Matic is listed on cryptocurrency exchanges, adopted by popular companies and merchants, recommended by luminaries, etc.
• There are particular risks for investing in Polygon Matic like hacks, poor social sentiments, and changes in crypto regulations, all of which may affect the price. Increased transaction cost is also a risk. This may happen when there is network congestion or clogging of transactions.
• Cryptomarket macroeconomic factors also affect pricing. For instance, there may be a general tendency for more people to invest money in crypto as a result of improved overall publicity. Poor publicity for the overall industry also affects crypto investments and prices, including those of Polygon.
• Volatility, which is widespread in crypto, may also affect polygon prices. Volatility is a factor in low trading volumes, liquidity, and pump and dump. For instance, whale trades (single large-volume purchases or sales) can affect volatility.

Frequently Asked Questions

Q #1) What will Polygon be worth in 2025?

Answer: Polygon is expected to trade between $0.893673 and $4.91, although the majority of experts note it may trade between $0.80 and $2.27. Other experts state it could trade between $3.39 and $3.97, which is the most likely prediction on average. Of course, there are still more aggressive Matic polygon price predictions like a possible $10.11 by the end of 2025.

Q #2) Is Polygon Matic a good buy?

Answer: Polygon Matic is definitely a good buy going by its present fundamental and technical analyses. It supports features and utility and is being widely traded and adopted, and all this could see the price reaching $10 in the near future.

For instance, it supports smart contracts and dApps and unlike Ethereum; it is scalable and the transaction fee is very low. Hence many dApps are being built on it.

Q #3) Can Polygon reach $10?

Answer: Some aggressive Polygon Matic predictions such as Trading Education show the cryptocurrency could trade between $1.915820 and $9.97 in 2025. However, that price point may delay coming until after 2028.

Changelly gave a Matic prediction that showed that the coin could trade at a minimum of $10.76 as early as 2028. Price Prediction, for instance, gave a prediction of $7.54 in 2027, $8.078 to $9.294 in 2028, $8.69 in 2029, and $9.93 by 2030.

Q #4) Does the Polygon coin have a future?

Answer: Polygon has a bright future based on its fundamentals, utility, adoption, investments, and the Matic coin price prediction. The blockchain is attracting a huge number of decentralized applications (37,000) built on it. It supports scaling, manages high transaction throughput compared to most blockchains, and the transaction fee is way less.

Polygon Matic has a huge average daily trading volume of $300 million. Its partner base also speaks volumes. Crypto is also adopted by several merchants across the country to allow users to pay or receive payments for goods and services in crypto.

Q #5) Are Polygon prices going up?

Answer: Polygon price has increased from $0.004 in 2019 to the current $0.8, which is a massive gain. The price has even reached the tune of $2.92 (an all-time high) in December 2021. The price, though volatile, has generally been going up since the project’s inception. It is also projected to trade between $0.8 and $3.90 in 2025 and $10 in 2028 or 2030.

Further Read => Top Altcoins To Buy Now

Conclusion

Matic is expected to trade at $10 at least by 2028, based on many expert predictions. The cryptocurrency could trade at as much as $3.25 in 2025 and as much as $27.07 in 2030 based on short-to-medium-long predictions.

The cryptocurrency will trade for $152 in 2040, $278 in 2050, $1,854 in 2090, and probably break through the $2,000 ceiling in the year 3000, although we do not have predictions for that range.

Hope this tutorial has helped you to clearly understand Polygon Price Predictions.