This article was last updated on August 8, 2022
Polygon is one of the most important crypto networks in the industry. As such, a lot of investors have taken interest in it. In the current state of the crypto market, MATIC’s price’s been very low compared to its previous performance. This allows us to speculate and try to foresee the price of Polygon in the upcoming years, thus making a valuable prediction.
This is exactly what we will be covering in this article, including more information about the Polygon ecosystem and network.
If you are new to the crypto space, we highly suggest checking out our dedicated article for crypto beginners. Once you read it, you will have a great foundation and an easier time navigating through the crypt space.
With that being said, let’s get right into it.
Over the past week, the price of Polygon (MATIC) remained around $0.94. The circulation supply of MATIC is 8 billion. The market cap went up to $7.5 billion.
What is Polygon (MATIC)?
Polygon is a Layer 2 scaling solution for Ethereum. It uses a technology called Plasma that enables Ethereum smart contracts to be transferred off-chain, allowing them to be processed much faster than on the main Ethereum network.
The network sits on top of the Ethereum blockchain and takes care of all the heavy lifting when it comes to processing transactions. This makes it much cheaper and faster to send transactions on Polygon than on Ethereum itself.
In addition, Polygon is also designed to be easily integrated with other Ethereum scaling solutions, such as Plasma and Optimism.
It is compatible with existing Ethereum wallets and dApps, making it easy to use. As a result, Polygon is quickly becoming the go-to solution for developers who want to build high-performance decentralized applications on Ethereum.
Can Polygon (MATIC) Reach $5?
Polygon is a project that comes with a lot of utility. This is what many investors love about it. Owners are optimistic about the development of the network, once the market stabilizes. That’s why so many believe the price will not only reach $5 but go beyond and reach its past glory.
However, let’s think about it for a moment. The current price of Polygon is around $0.80, which is far away from its previous all-time high of $2.87. This means it will need a 10x increase in order to reach a price evaluation of $5. With a current market cap of $3.7 billion, this will result in a new market cap of more than $37 billion.
This is perfectly doable once the market stabilizes and crypto sees more adoption. That’s because, if that happens, it will place it in the top 5 cryptocurrencies by market cap. The same might not apply to every other network, but it certainly does for Polygon as it is a network with great potential and utility.
This is why we believe Polygon will reach $5 in the future, but not anytime soon. If that happens, it will be more towards the end of the decade, once the crypto market expands.
First, we need to see market stabilization. This will happen after the military conflicts in Europe get resolved. Until then, the market will proceed to be chaotic and bearish.
So when is Polygon going to reach $5? It will take at least 7 more years, or even 8 if we are being conservative.
Polygon (MATIC) Price Prediction For 2022 – 2030
Polygon’s future price is difficult to predict, as it is reliant on a number of factors, including the performance of the Polygon network, global economic conditions, and the price of other cryptocurrencies. However, if Polygon continues to grow as a network at its current rate, it is possible that the price evaluation for MATIC could easily start climbing back to the $1 mark by the end of 2022.
This would represent a significant increase from its current price of around $0.50, but would still be way below its all-time high of $2.87, reached in December 2021. While Polygon’s future price is impossible to predict with certainty, we are eager to share with you our analytical forecast.
Keep in mind that these are mainly speculations, although supported by facts and other somewhat solid factors. With that being said, let’s head on to the interesting part.
2022 – Polygon (MATIC) Price Prediction
Some of the financial industry’s top names have lent their weight to Polygon’s price prognosis. The number of collaborations and events with the cryptocurrency sector demonstrates that many people are confident in cryptocurrency.
According to that and to Polygon’s performance over the past year, it may achieve a tremendous boost by year’s end, unlike other significant coins like Bitcoin and ETH, and break through the $1 mark yet again, which will get it closer to its past heights.
Of course, there’s the scenario that we experience further world conflicts that can affect the crypto market. In that case, we can expect MATIC to drop in price. No one can say for sure how low it may go, but we can easily see it dropping to around $0.12-$0.21.
2023
Many analysts have made Polygon price predictions for 2023, and the general consensus is that the price of Polygon will continue to rise. This is based on a number of factors, including the increasing use of Polygon’s technology, the growing popularity of crypto, and the overall positive outlook for the global economy.
While it is impossible to say exactly what the price of Polygon will be in 2023, most experts agree that it has the potential to reach new heights.
More realistically, we can expect the price of Polygon to reach $1.40-$1.55 by the end of 2023.
2024
If the growth for Polygon continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible, in order to not misguide you.
We believe that by the end of 2024, the price of Polygon will reach at least $175. If we let ourselves be a bit more speculative, we’d raise it to $1.95, bringing it closer and closer to its previous peak.
2025 – Polygon (MATIC) Price Prediction
According to many Polygon enthusiasts and their price predictions, MATIC prices may rise dramatically in the trading range between $2.13 and $2.25.
However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, MATIC price prediction as a cheap and convenient digital asset might become a reality.
For this scenario, we must also consider that the Polygon network can significantly expand and develop. In that case, prices may even go as high as $2.35, very close to its previous ATH, but that is quite ambitious.
As for a worse scenario, there are many things we cannot predict. Such is any global military, environmental, pandemic (looking at you COVID!), financial, and other similar issues.
But let’s explore what we have at hand. If a strong competitor arises, things can definitely go south for Polygon. Another thing that can happen is if there’s any change in the network’s operation. This can include a change of CEO, developers, other team members, etc. If that happens, we can see the price of Polygon dropping by 50-70%, meaning it will go for about $1.15-$1.25.
2026
Keeping our conservative approach, we won’t try to make ridiculous price predictions for Polygon. Although many believe that by 2026 the price of MATIC will be at least $275, and pass its previous ATH, we’d give a different value.
2026 is actually not too far away, but in terms of crypto, it is. We believe that Polygon will be evaluated at anywhere between $2.50 and $2.80.
2027
As the years go by and Polygon continues its expansion and proves its utility we can easily see it going for as much as $3.20. However, if we are being more realistic, the price might remain moving sideways, as that is a hefty growth.
By that, we mean that MATIC will be evaluated at around $3.32 – $3.48. We think the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.
2028
In 2028, if Polygon comes out with new projects and experiences further adoption, we can see it potentially going out from the 3.70s and reaching a price of $3.81 – $3.95. However, this is mostly optimistic.
On the lower end, we can see MATIC being worth around $1.57, while on average remaining at around $3.75.
2029
For the last year of the decade, we believe that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.
As such, we think Polygon will be moving at around $3.93 to $4.15 easily, although we can also see it reaching the $450 mark.
2030 – Polygon (MATIC) Price Prediction
Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about 8 years into the future.
Some experts have forecast that Polygon’s price could reach up to $5.12 by 2030. This would be a significant increase from its current price of around $0.50. However, it is important to remember that Polygon is growing, and so is its adoption rate, utility, and potential.
In addition, the current global economic situation could also lead to an increase in the price of Polygon, as more investors look to cryptocurrencies as a safe haven for their money. Only time will tell whether this price forecast comes true, but Polygon certainly seems to have a bright future ahead.
That is unless we see global frames in which cryptocurrencies have to operate in the future. What we mean here is that countries could start incorporating restrictions. There already are some countries like Qatar, China, Turkey, etc.
If that happens, we can see many of the tokens we all love and know drop down by a lot. This might even mean the end of cryptocurrencies as we know them.
For Polygon, if that happens, we can easily make a price forecast that MATIC can drop in value by 90%. To be more specific, this might mean a price evaluation of less than $0.60. On a brighter note, this is highly unlikely, even though not impossible.
Our Opinion On Polygon (MATIC) Price Predictions
Given the Polygon price today, we can make lots of speculations. However, when doing a price prediction or looking at one, you must stay completely aware that most of the time it is completely off.
Although we kept a strong conservative approach with our average forecast price, you should still take this prognosis with a grain of salt.
Polygon is certainly a great project with huge potential, which makes us believe that it will survive throughout the years.
Overall, although we believe Polygon will certainly be bullish and we believe in our speculations, we can never be certain.
Conclusion
Taking all of the above into consideration, it would appear that MATIC is a very promising investment. The price predictions for MATIC are exceptionally positive, and the coin does have a lot of potential.
Of course, as with any investment, there is no guarantee that MATIC will reach the predicted price points. However, if you are looking to invest in cryptocurrency, MATIC is definitely worth considering.
There aren’t too many unique projects that have been coming out these days. Most are looking to give solutions to problems that do not exist. Others are looking to create problems in order to give solutions to irrelevant sectors of the crypto market.
That is definitely not the case with Polygon. The network will definitely keep growing and expanding its adoption. Even if the general public does not take better notice of Polygon anytime soon, huge companies are already working hand in hand with Polygon to better their operations.
We will keep an eye on the development of Polygon and how it performs. Its potential in tandem with our price predictions makes us keen to see what lies in the future for Polygon.
