Since the introduction of blockchain and cryptocurrency, advancements in this technology, especially software and systems, have made progress in leaps and bounds.
The demand for such business systems is so high that developers and system engineers have not been able to come up with solutions at the same pace.
Besides Bitcoin and Ethereum, the two leaders, there are over 7,500 crypto coins in operation. New systems known as Level 2 are being launched, to overcome the shortcomings of these two giants.
This has resulted in tough competition between the new launches and also become a point of concern for these two.
Polygon Matic is one such new venture which has caught the attention of analysts and business ventures, as they seem to have promising solutions.
Just in one year Polygon has shown very good market performance and is the talk of the town.
In this blog, we discuss many queries raised by crypto enthusiasts about Polygon price prediction, MATIC Polygon price prediction, and many related questions.
Enjoy your read and give us feedback.
What Is Polygon?
In February 2021 MATIC Network formerly rebranded itself as Polygon, in an effort to re-organize for a global platform. It is an Ethereum-compatible blockchain network protocol and framework.
Polygon is a multi-chain system that is similar to Polkadot, Cosmos, Avalanche, etc. with additional benefits of Ethereum’s higher security, vibrant ecosystem, and openness.
The major challenges being faced for the expansion of the blockchains are the scalability and speed of transactions, besides the security.
Polygon aims to solve the blockchain scaling solutions by providing multiple tools to decrease the complexities and increase speed, at a much affordable cost.
They upgraded their system with Plasma Framework and PoS blockchain architecture. They are aiming for a Layer 2 solution, which is actively pursued by Binance and Coinbase.
Layer 1 refers to a basic blockchain, while Layer 2 is decentralization and supports 3rd party integration with Layer 1 blockchain. Polygon based system converts Ethereum into an integrated multi-chain network (Internet of Blockchains).
Who Created Polygon?
Polygon (originally Matic Network) was formed in October 2017. Its co-founders were Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.
Jaynti Kanani and Sandeep Nailwal are experienced blockchain developers, while Anurag Arjun is a business consultant and Mihailo Bjelic is an information systems engineer.
Prior to forming the Polygon network (Matic Network) in 2019, the team had been working and contributing to the Ethereum ecosystem.
Among the work done by this team was the implementation of the Plasma MVP, WalletConnect, and the widely-used Dagger event notification engine.
Jaynti Kanani currently serves as the CEO of Polygon. While Sandeep Nailwal currently serves as Chief Operations Officer.
Polygon (MATIC) Historical Price Analysis
For Polygon price prediction, month-wise historical data is also important. The below table shows data month-wise for 2021, with opening, high of the day, low of the day, closing, total volume in $, and market cap in $.
|Jan 31, 2021||$ 0.04006||$ 0.04032||$ 0.03633||$ 0.03836||$ 77.81M||$ 187.95M|
|Feb 28, 2021||$ 0.19719||$ 0.23073||$ 0.17523||$ 0.22611||$ 535.17M||$ 987.64M|
|Mar 31, 2021||$ 0.37118||$ 0.37857||$ 0.34258||$ 0.36045||$ 371.62M||$ 1.78B|
|Apr 30, 2021||$ 0.89266||$ 0.94177||$ 0.79024||$ 0.82146||$ 3.50B||$ 4.28B|
|May 31, 2021||$ 1.86||$ 1.93||$ 1.75||$ 1.88||$ 5.32B||$ 9.12B|
|Jun 30, 2021||$ 1.17||$ 1.18||$ 1.08||$ 1.17||$ 1.68B||$ 5.61B|
|Jul 31, 2021||$ 1.07||$ 1.10||$ 1.03||$ 1.09||$ 1.05B||$ 5.19B|
|Aug 31, 2021||$ 1.32||$ 1.42||$ 1.31||$ 1.35||$ 1.39B||$ 6.68B|
|Sep 03, 2021||$ 1.45||$ 1.50||$ 1.41||$ 1.46||$ 1.44B||$ 7.23B|
MATIC Market Cap
A total of 10 billion MATIC tokens were pledged in its initial private sale in 2017. Of these 3.8% were issued.
Every month MATIC tokens are released. Currently 4,877,830,774 MATIC tokens are in circulation. That is 48.78%
As of the writing of this blog the total market cap of MATIC (Polygon) is $9,749,605,858. Market cap is the total market value in $ of a cryptocurrency’s circulating supply. It is equal to Current Price x Circulating Supply.
Market Capitalization is one way to gauge the relative size of a cryptocurrency and Polygon price prediction. It is comparable to the free-float capitalization in the stock market.
MATIC Circulating Supply And Total Supply
Another factor affecting the Polygon price prediction is its circulating supply. It is the best approximation of the number of coins in circulation in the market and tradeable by the general public.
The MATIC (Polygon Matic) current circulating supply is 4,877,830,774 tokens.
While the total token supply is the total number of tokens existing at any moment minus any coins burnt as per regulations and verified
It is the circulating tokens minus the tokens locked in escrow. These are the coins that are locked, reserved, or not to be sold to the public market. These coins can’t affect the price.
The total MATIC supply is 10 billion.
Polygon Price Today – Current Price
Polygon crypto price prediction for today is given below.
|Polygon Price (MATIC) Today||$1.47|
|24h Low / 24h High||$1.41 / $1.49|
Polygon (MATIC) Future Price Forecast Prediction
The cryptocurrency market sentiment is largely influenced by user psychology. This is also true for Polygon price prediction.
Cryptocoin prices are very sensitive to the mental approach of the crowd towards giving it a push. This applies to the MATIC price prediction as well.
Polygon MATIC has gained customer trust, bringing profits for investors as well as traders as a result of the inertia it experienced in 2019. The current data trend of Polygon (MATIC) and the market environment of the last 12 months show a bullish trend.
Based on this, the analysts see a positive trend for the Polygon price prediction.
According to one analyst at the current price of 1.47 USD and long-term investment of 5 years, a $100 investment today will be $925 in 2026.
Below table shows the average values computed by the analysts. Values can vary from analyst to analyst.
|Forecast Year||Year-End Price (USD)|
Polygon (MATIC) Short Term Prediction
Short term in cryptocurrency could mean an hour, a day, or a week. Long-term in crypto would mean six months or one year. Sometimes can be more than a year.
Polygon (MATIC) is a non-mineable token. The Polygon price prediction today is opening $1.45 and closing $1.46, with high @1.50 and low @ 1.41.
With a market capitalization of $9,710,736,531, it put it in the 20th place in the global Cryptocurrency Rating.
Polygon has a current supply of 6,611,996,838 tokens. Demand and supply changes influence Polygon crypto price prediction immediately and in the future.
Short-term predictions for Polygon (MATIC) are tabled below, based on current trends.
Polygon price target in 14 days: 1.734 USD* upside and 1.283 USD* downside. (Highest and lowest possible predicted price in a 14 day period).
|Short Term Forecast Sept. 2021||14 Day Target Price (USD)|
|Current Price $1.478||High $1.734 Low %1.283|
|Year-End 2021 Price (USD)|
|Current Price $1.47||$2.00|
|High end 2021||$3.00 to $3.5|
It is possible that the bulls may rally further if investors realize that Polygon not only supports regular payments but also smart contracts. In such a scenario, Polygon may rise higher.
In cryptocurrency short-term predictions are hard to put, they are not reliable.
It may be a better idea for MATIC holders to hold their tokens long-term since Polygon is a solid project.
Polygon (MATIC) Long Term Prediction
Discussing the Polygon price prediction, Polygon MATIC has emerged as one of the most encouraging cryptocurrencies this year. It grew from $0.01 in January 2021 to its present level of 1.478 in September 2021.
This is a 14,680% growth, resulting in the present bullish trend. Which is a good trend for price prediction.
There is one tangible risk to the project, and that is Ethereum 2.0, which will solve the scalability problem and will, in a sense, render Polygon less important.
Ethereum 2.0 will solve some problems over time, but it is not an instant solution. It is expected more than a year to happen.
But then Polygon could have developed further and gained the confidence of clients and investors during this period if their team works diligently.
Already there are many such new ventures in the market working for decentralization and scalability. Systems like Cosmos (ATOM), Polkadot (DOT), Avalanche (AVAX). All striving to do the same thing.
It is true that ambitious plans don’t mean there will be success every time. The team at Polygon is on track for success, but investors need to monitor how they reach their goals.
These forecasts are based on holistic data and calculated by different algorithm-based programs used by different forecasting companies.
At present, all advisory services have bullish views on MATIC price forecasts for the coming years. Based on reviews these are high and low long-term predictions for Polygon (MATIC). The best time to enter a long position is when an all-time high is broken.
The below table shows the highlights for 6 years.
Polygon Price Prediction 2022
MATIC price prediction 2022 by different cryptocurrency advisory services is given below as an average.
|Year||Potential High||Potential Low|
Polygon Price Prediction 2023
Below table shows the MATIC price prediction 2023 on average from different cryptocurrency advisory services.
|Year||Potential High||Potential Low|
Polygon Price Prediction 2025
Average values from different cryptocurrency advisory services are given below for MATIC price prediction 2025.
|Year||Potential High||Potential Low|
Polygon Price Prediction 2030
MATIC price prediction 2030 average by different cryptocurrency advisory services is given below.
|Year||Potential High||Potential Low|
Is Polygon A Good Investment?
Polygon is in the limelight because it is offering the technology to improve blockchain working. Their side chain works independently and connects to the main blockchain which increases speed and with lower fees.
Originally developed for use with Ethereum blockchain, their side chain is compatible with any blockchain platform.
Many big enterprises are now working with Polygon and more have shown interest to work in the future.
Like any cryptocurrency, Polygon is high risk. There is a lot of potential, and if you like where it’s going, an investment could be worthwhile.
When buying crypto, follow the golden rule: don’t bet more than you can afford to lose.
So far Polygon has performed well. In the recent slump in crypto prices, it has outperformed many cryptocurrencies.
With the current Polygon crypto price prediction, Investors describe Polygon as worthwhile to invest in for a good return in the future. Reddit Polygon price prediction forum is a good place to discuss and know more.
Is Polygon Safe To Buy?
It is a fact that cryptocurrencies are volatile investments and fluctuate a lot. One should only invest that much amount which one can afford to lose.
There are many things a would-be investor can check and discuss with friends and experts on the type of business the potential crypto blockchain company is involved in.
Pros Of Polygon Matic Blockchain
In the case of Polygon (MATIC), it is trying to help Ethereum by solving its scalability, speed, and high fee issues. Ethereum (ETH) is developing its Layer 2 system, to resolve these issues.
Till such time Polygon is at Level 2, meaning sitting above Ethereum Level 1 and helping Ethereum do processing faster.
Polygon has its own networks or side chains, which help process most of the initial work.
Polygon blockchain can also work with other blockchains. Independent developers can easily use Polygon’s platform to develop their own decentralized apps.
Since its rebranding in beginning this year it has shown a remarkable track. It suffered the cryptocurrency crash in May, but rebounded and is stable now with over 14,000% growth.
Many big names in cryptocurrency and blockchain have invested in Polygon and more investors are joining. Polygon claims that over 350 apps are operating on their network.
Cons Of Polygon Matic Blockchain
Polygon is closely linked with Ethereum, and this is polygon’s biggest downside. Further, the market it is operating in is very competitive and rapidly evolving.
Blockchain technology has progressed rapidly in the last decade. There is always a chance for a new competition to overtake the existing players. This is a risk in cryptocurrency.
There is fierce competition from other blockchain cryptos working on the same principles, which are Polygon’s rivals, like Polkadot, Cosmos, Cardano, and Avalanche.
Polygon will be obsolete when Eth2 will come into operation in full force. But this will be more than a year from now.
There is also the chance that another competition like Cardano, takes Ethereum’s market share in the future. In that case, Polygon’s bulk of the business will suffer.
Polygon team argues that in the first place Ethereum’s fall will not be sudden and secondly Polygon is always upgrading to overcome the challenges and help Ethereum communicate better with other networks.
Does Pros Outweigh Cons In Polygon?
With a professional team and already working with big applications on their network, Polygon has established itself. Investors are keeping an eye on the rollout of Eth2 and Polygon’s competitors.
Generally, investors look with a positive approach and consider MATIC price prediction good and Polygon a safe investment.
How To Buy Polygon? Step By Step Guide
As with all altcoins, Polygon being one, it cannot be bought with fiat money directly. One has to buy Bitcoin or Ethereum first and then use that cryptocurrency to buy Polygon.
Register With A Fiat To Crypto Exchange
First register with an exchange that deals with cryptocurrency purchased by fiat money. Normally referred to as Fiat-to-Crypto exchange.
Purchase BTC or ETH or Stablecoins Crypto If Your Preferred Exchange Doesn’t Sell Polygon To Fiat Currency
Purchase the required cryptocurrency Bitcoin or ETH with your bank transfer of normal money. In some countries, cash can be deposited.
Register For Exchanges Dealing With Polygon Matic
Register with an exchange dealing with Polygon MATIC. Some names are Binance.com, Gate.io, Gemini, Coinbase, Binance US, LATOKEN, Crypto.com, Huobi, OKEx, and FTx.
If you choose to go with Coinbase or Gemini, then you can directly buy MATIC token for US Dollars by using these exchanges.
Your buying guide will end here, unless your preferred exchange doesn’t have MATIC-USD pair.
Deposit BTC Or ETH or Stablecoins And Buy Matic With It On Non Matic-Fiat Pair Exchanges
Transfer Bitcoin or the other cryptocurrency to your altcoin account to purchase the Polygon token.
You will receive notification from the altcoin account of successful transfer.
Then, just like how you would buy on a fiat pair, trade on Matic-BTC pair or Matic-ETH pair or Matic-USDT or Matic-USDC pair and place a limit or market order to buy Polygon Matic tokens.
Best Crypto Exchanges To Buy Polygon
Below is a list of crypto exchanges dealing in Polygon (MATIC).
How High Will Polygon Go?
The highest polygon MATIC hit in 2021 was $2.4544. This was 9,200% on its lowest rate of $0.01781 on 1st January 2021. The highest prediction for this year is $2.55
Will Polygon Go Up Tomorrow?
Since the opening of business today it climbed up 13 points. But as all trading is volatile it can go down also. High and low would be known by the close of business.
As for the general MATIC price prediction, investors and analysts tell it is going to go up definitely.
Will Polygon Reach $1000?
During the queries for Polygon price prediction, people also ask if the Polygon will cross the $1000 mark like Bitcoin. $1000 is a very ambitious target.
It is not impossible, but in the coming few years it is unlikely, because of the market conditions and the coming up of many new similar ventures. It will be some years before things settle and a new market leader emerges.
Is Polygon Better Than Bitcoin?
While discussing the Polygon price prediction, people compare Polygon with Bitcoin.
Polygon uses proof-of-stake (PoS) which is better than the proof-of-work (PoW) used by Bitcoin. The latter uses a lot of resources and power.
This results in Bitcoin operation, being not ecofriendly and contributing to environmental issues.
Another advantage over Bitcoin is that the Polygon network consists of many interconnected blockchains, which means there is no restriction on sticking to a single one.
Anyways, with its investments of over $6.5 bn and at 17th place in the crypto market, it is here to stay. A good forum to discuss the Polygon price prediction is Polygon price prediction Reddit
Traders and investors are watching its rivals who have also started the business about the same time and tough competition is expected in the near future when all systems are tested out in practice.
Final Verdict – Polygon Price Prediction MATIC Coin
Polygon MATIC is a new blockchain crypto application launched only this year (2021) to help the Ethereum crypto in their problems of speed and costs. It is a Level 2 system operating its own networks independently.
According to the market analysts, Polygon has done well in the first year of operation and many big names in crypto blockchain have invested with Polygon to do business.
The Polygon price prediction is positive, and considered a good investment, as per the market indicators.
The competitors to Polygon are Polkadot, Cosmos, Cardano. Their systems work on the same principles of blockchain, and each has some advantage.
Ethereum’s Level 2 (ETH2) in the final stages of rollout, is the biggest challenge. Polygon was developed to help overcome the problems being faced by Ethereum.
The team at Polygon, being all professionals, with vast experience in the industry, are confident to give better solutions to their customers.
There are many other factors and details involved in the performance of such systems. Coming years will tell which will take lead in the market.
I am a data analyst by profession who loves to crunch numbers at daytime and come home wondering how my passive income numbers for the day look like. I believe in being rich rather than looking rich. Follow me for Cryptocurrency, FIRE, Personal Finance, Credit Cards and Digital Nomad updates