Polygon is a well-known network of secure Layer 2 solutions and autonomous sidechains. Its main goal is to improve the scalability of the Ethereum blockchain and reduce transaction costs. More than 7,000 decentralized applications in the fields of DeFi, metaverses, games, and NFT work based on the project.
MATIC is a native token in the Polygon ecosystem. The total volume of its offer is 10 billion. The coin is needed for internal settlements between participants. Sidechains use MATIC to implement the PoS mechanism. The asset is also used to pay rewards to validators.
MATIC Price Forecast: Key Methods and Influencing Factors
Polygon is considered one of the fastest-growing projects today. A lot of investors are considering making a Polygon kaufen or purchase. In this regard, the exchange of BNB to Polygon, ETH to MATIC, USDT to MATIC, etc., is popular as never before. However, MATIC quotes can change quite quickly. This means that real-time cryptocurrency can both rise rapidly and collapse.
It is impossible to determine exactly how much the price will change and in which direction. At the same time, there are working methods for determining the potential direction of value. Technical and fundamental analyzes play a special role here:
- Technical analysis is carried out by searching for patterns of exchange rate changes under the influence of demand. Mathematical and statistical calculations, as well as a wide variety of charts, allow to track the price movement over time;
- Fundamental analysis allows for assessing the real value of an asset. It determines how the current price corresponds to the realities of the market.
There are a number of important factors that influence the Polygon price. Therefore, they are necessarily considered when making predictions:
- Supply and demand. These are two interrelated characteristics. The higher the demand, the lower the supply and, accordingly, the higher the price. The lower the demand, the higher the supply and the lower the price;
- The prevalence of coin use. The greater the use of the coin, the higher the demand and price;
- Investor influence. Investors with large assets can sell or buy MATIC coins at any time. Usually, this significantly affects the price.
As we can see, Polygon price prediction is based on a number of factors and methods. It requires a comprehensive approach and analysis. Let’s consider the forecast for the coming years to understand if MATIC is the right investment.
What Will Be the Price of Polygon in the Coming Years?
Polygon is one of the most innovative projects in the blockchain space. So, the forecast is positive. By the end of 2023, the average rate is expected to be $0.72-0.87. In 2024, the price will most likely increase and reach $1.28-1.60. According to CoinJournal, the MATIC rate will be $2.33 in 2025. But if the market falls rapidly, the target may not be reached. In this case, it may be more profitable for you to swap BNB to CELO rather than purchase Polygon.
If MATIC succeeds in boosting market sentiment among crypto investors, the price will definitely continue to rise steadily over the next several years. Thus, the coin is expected to reach or even surpass its historical maximum in 2026. The maximum expected figure is $3.27, and the minimum is $2.91. In 2027, the indicator may increase to $4.00.
The project is expected to have partnerships in 2028. Therefore, the price increase will likely continue, and it will be about $4.51. In 2029, 1 MATIC will cost $5.09-5.46. The average figure for 2030 is $5.97. But it may well reach $6.19.
Conclusion
MATIC is showing a promising growth trend for 2023-2030. Therefore, it can indeed be a good investment both in the short and long term.