If you have been into cryptocurrencies, and especially Ethereum (ETH), there is a high chance that you may have come across Polygon (MATIC). For those of you who aren’t aware, Polygon is a Layer-2 or “sidechain” solution that runs parallel to the Ethereum blockchain, allowing for speedy transactions at low fees.
To use Polygon, one can “bridge” tokens supported by Ethereum over to the blockchain and then interact with a wide range of decentralized applications that are compatible with the Ethereum mainnet.
The Polygon blockchain is powered by its own native token called MATIC, which is used to pay fees, for staking, and also for governance on the network. MATIC is widely available to buy and sell in centralized as well as decentralized crypto exchanges.
The purpose of this article is to explore the price projections provided by market experts on Polygon. We will be looking at the token’s expected value based on its current price for the years 2024 to 2030.
Readers should note that the contents of this article are only meant for reference, and should not be taken as investment or financial advice. I recommend you to do your own research regarding the matter. So without further ado, let us dive right in.
Polygon (MATIC) Overview
At the time of writing, Polygon (MATIC) was trading at $0.88 – up 6.96% in the last 24 hours. Over the past week, the cryptocurrency has surged by 24.21% in value.
MATIC has a market capitalization of $6.1 billion. Currently, there are 9.309 billion MATIC in circulation out of a maximum supply of 10 billion MATIC, with an approximate daily trading volume of $606 million.
Polygon reached its highest price on December 27, 2021, when it was trading at an all-time high of $2.91. Meanwhile, its lowest price was recorded on May 9, 2019, when it was trading at $0.0030. The lowest price MATIC hit since its all-time high was $0.32 (cycle low), while the highest price since the last cycle low was $1.55 (cycle high).
In terms of market cap, Polygon is ranked #6 in the list of proof-stake tokens, #3 among the Ethereum ERC-20 tokens, and #1 in the Layer-2 tokens sector.
Current market sentiment for Polygon is bullish, and the Fear & Greed Index score for the token is 72 (Greed). MATIC traded 21/30 days (70%) in the green with a 15.21% price volatility over the last month. Based on our forecast, it is a good time to buy Polygon (MATIC).
Polygon (MATIC) Price Prediction 2024
Based on Polygon’s historical price movements and the BTC halving cycles, it is presumed that in 2024, MATIC will be trading at a maximum price of around $3.40, while the lowest valuation it could reach is estimated to be at $0.87. The average trading price for Polygon is expected to be $1.34 next year.
Polygon (MATIC) Price Prediction 2025
After analyzing various technical indicators, cryptocurrency experts forecast Polygon to trade between $1.83 at the lower end and $4.33 at the upper end in 2025. The average trading price of MATIC is expected to be $1.89.
Polygon (MATIC) Price Prediction 2026
Following a technical analysis of the prices of Polygon and its fluctuations over the years, it is assumed that MATIC will trade at a minimum value of $2.29 and a maximum price of $3.25 in 2026. The average trading price of the token is expected to be around $2.77 during the year.
Polygon (MATIC) Price Prediction 2027
Based on cost analysis, experts predict the price of Polygon to hit maximum and minimum values of $4.60 and $3.72 in 2027. The cryptocurrency is expected to trade at an average price of $3.83.
Polygon (MATIC) Price Prediction 2028
Experts have projected an estimate of the price of Polygon for the year 2028, where its maximum trading price will be around $6.46, while its value might drop to a minimum of $5.53. The average trading price for MATIC will be around $5.73 throughout the year.
Polygon (MATIC) Price Prediction 2029
MATIC is expected to hit a maximum price point of $9.56 in 2029, while its minimum value is expected to be $8.03 for the year. The cryptocurrency is expected to trade at an average price of around $8.32 in 2029.
Polygon (MATIC) Price Prediction 2030
Cryptocurrency analysts have forecast the price estimations for Polygon in 2030. During that year, MATIC is expected to hit a maximum price of $14.03. However, its value might drop to a yearly low of around $11.67. The expected average trading price of Polygon would be $12.09.