Category: Crypto News, News

Can Polygon Token Hit $100?

By Published On: July 9, 20246.6 min readViews: 550 Comments on Can Polygon Token Hit $100?

The layer 2 altcoins struggling to take a stand in this volatile market as Bitcoin struggles between $65,000 and $70,000. Amidst such conditions, the MATIC price trend showcases a bearish trend in motion, crashing under crucial support levels.

However, the optimistic eyes hold on to the recent bounce back in the market as the Ethereum ETF application gets more attention for all the right reasons. Therefore, the HODLers can expect the prices to shoot up in the highly anticipated altcoin season.

With Polygon preparing to take off this season, investors are curious about whether Polygon can reach $100. Will Polygon go up? Is Polygon a good investment?  

We bring our Polygon Price Prediction for 2024 – 2030 to explore the MATIC price prediction and answer such questions for you.

So read on because MATIC Prediction Prediction can be your golden ticket in the crypto universe.

Overview

Cryptocurrency
Token
Price
Market Cap
Trading Volume
Circulating Supply
All-time High $2.92 Dec 27, 2021
All-time Low $0.003012 May 10, 2019
24 High
24 Low

What’s New With Polygon?

Polygon, a key player in Ethereum’s Layer 2 ecosystem, is making significant progress in the crypto market. It is more than just a platform; it is a vision for the future. The release of Polygon 2.0, a network of ZK-powered L2 chains, will provide limitless scalability and unified liquidity. 

What is PoS? Proof-of-Stake (PoS) is a consensus mechanism where validators are chosen to create new blocks based on the number of tokens they hold and are willing to “stake” or lock up.

Significance in ZK L2: In the context of Polygon’s ZK L2, ZKP ensures that all transactions are valid without revealing the specifics of the transaction. This enhances privacy and reduces the computational power required to validate transactions.

MATIC Price Prediction July 2024

With a bullish breakdown of the $0.65 support level, the MATIC price trend is under extreme supply pressure. Further, the increasing gap between the 50D and 200D EMA following the death cross, the bearish influence is on the rise.

With the dynamic resistance of the 50D successful in keeping the bullish growth under check, the consolidation patch breaks with support breakdown.

With the breakdown rally gaining momentum, the altcoin may soon test the psychological mark of $0.50. On the upside, a reversal could retet the 50D EMA at $0.70.

MATIC Price Prediction Potential Low ($) Average Price ($) Potential High ($)
July 2024 $0.42 $0.60 $0.70

MATIC Price Prediction 2024

Welcoming 2024 with a modest 2.04% increase on New Year’s Eve, MATIC’s journey above $1 was short-lived, succumbing to a pullback. However, the recent 17.35% dip seems to be a mere hiccup in its bullish trajectory, rejuvenated by the Bitcoin Spot ETF nod from the U.S. SEC.

This pivotal moment has rekindled the bullish fervour, positioning MATIC on a path to reclaim and potentially exceed the $1 mark.

Polygon’s DeFi Chapter

The Polygon network shows a strong presence with a TVL of $1.217 billion and a stablecoins market cap of $1.815 billion. Over the past 24 hours, the network has seen a volume of $33.05 million and inflows of $1.11 million. The network has 1.28 million active addresses. MATIC, the native token, is priced at $0.50, with a market cap of $4.621 billion and an FDV of $4.978 billion. The data highlights Polygon’s active and growing ecosystem.

Technical Charts Lead A Bearish Story

Following a sharp decline after the early 2023 gains, MATIC’s price displays an impressive bounce back, ready to challenge the overhead resistance trendline.

The recovery trend in the weekly chart is gaining momentum and starts an uptrend in 2024. Further, the trend momentum helps sustain the bullish price movement.

In short, the price of Polygon (MATIC) price forecasts for 2024 is a projected high of $6.91. On the flip side, the Polygon crypto price may drop back to its previous low at $1.62, resulting in an average price of $1.85 throughout the year.

MATIC Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2024 $0.59 $3.24 $6.91

MATIC Price Prediction 2025

MATIC price forecast for 2025 predicts a new all-time high formation with the large-scale adoption of Polygon 2.0. 

With a potential high of $3.15, the MATIC coin price is set to sustain the bull run. However, a short correction may reach a potential low of $1.899, making an average of $2.5245. 

MATIC Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2025 2.628 3.843 5.067

Polygon Price Prediction 2026 – 2030

MATIC Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2026 3.42 3.95 4.48
2027 4.45 4.944 5.438
2028 4.828 5.666 6.504
2029 6.267 6.8585 7.45
2030 8.715 8.8975 9.08

MATIC Price Prediction 2026

Anticipating further expansion, MATIC’s potential high for 2026 is projected to be $4.48, while the potential low is estimated at $3.42, resulting in an average price of $3.95.

MATIC Price Prediction 2027

MATIC crypto can make a potential high of $5.438 in 2027, with a potential low of $4.45, leading to an average price of $4.944.

MATIC Price Prediction 2028

As the MATIC coin price progresses, the potential high price for 2028 is projected to be $6.504, with a potential low of $4.828, resulting in an average price of $5.666.

MATIC Price Prediction 2029

Polygon coin price potential high for 2029 could be $7.45, while a potential low of $6.267, with an average price of $6.8585.

MATIC Price Prediction 2030

With an established position in the market, MATIC’s potential high for 2030 is projected to be $9.08. On the flip side, a potential low of $8.715 will result in an average price of $8.8975.

MATIC Price Prediction 2024 – 2030

Market Analysis

Firm Name 2024 2025
Gov Capital $2.14 $3.46
Digital Coin Price $2.02 $2.84
Trading Beasts $1.38 $2.01

*The aforementioned targets are the average targets set by the respective firms.

CoinPedia’s MATIC Price Prediction

The Polygon community is rapidly growing, and there are upcoming improvements in Polygon 2.0, which aligns with the expanding DeFi ecosystem. Coinpedia’s price prediction for Polygon is extremely bullish, suggesting MATIC crypto price may reach new swing highs and possibly surpass its all-time high in 2025. 

The Polygon Price Forecast 2024 anticipates a swing high of $6.91, with an average price of $3.24.

We expect the MATIC Price to reach $6.91 by the end of 2024.

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2024 $0.59 $3.24 $6.91

Polygon Price Performance

What was the initial price of Polygon (MATIC)?
The initial price of Polygon (MATIC) was $0.00263 in 2019.

What is the all-time low (ATL) price of Polygon (MATIC)?
The all-time low price of Polygon was $0.003012 on May 10, 2019.

What is the all-time high (ATH) price of Polygon (MATIC)?
The all-time high price of Polygon was $2.92 on December 27, 2021.

What is the year-to-date (YTD) performance of Polygon (MATIC)?
Polygon (MATIC)
has a year-to-date (YTD) growth of -48%.

Also Read the Latest Crypto News in 100 words! Get the live News on Cryptocurrency and blockchain at your fingertips. Stay up to date on major announcements and breaking news.

FAQs

What price can Polygon reach by the end of 2024

MATIC price could possibly close its trade for 2024, with a pricier tag of $6.91.

Is MATIC a good investment?

Yes, MATIC is a profitable investment, the digital asset should be under due consideration for the long term. 

How high can Polygon (MATIC) go by the end of 2025?

According to our MATIC price prediction, the altcoin could possibly reach a maximum of $5.0678 by the end of 2025. With a potential surge the price could go as high as $23.040 by the end of 2030.

Is Polygon (MATIC) better than Solana?

While it is not a direct apples-to-apples comparison, as one is a layer-2 and the other is a layer-1. Polygon currently stands stout with its robust network. 

How high can polygon MATIC go?

At its best, Polygon can process 65,000 transactions per second.

Why Polygon is faster than Ethereum?

The major functionality of Polygon is to enable the multichain Ethereum ecosystem. It provides a network that offers interoperability between previous and present infrastructure scenarios of Ethereum.

Can polygon hit $100?

Matic Price Prediction $100, It is possible for Polygon Matic to reach $100 over the next 18 years.

If I had invested $100 in Polygon in 2020, what would it be worth now?

Your investment of $100 in Polygon in 2020, considering at $0.022 (high of Dec 2020), would be now worth approximately $3554.55, with a percentage gain of 3454.55%

MATIC
BINANCE

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