After rebranding to Polygon, MATIC went from below penny to almost three dollars in 2021. The ChangeHero team explains the reasons for this booming popularity and gives a MATIC price prediction 2022 and beyond.
MATIC Price Prediction 2022-2030
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- The MATIC price prediction 2022 experts give is bullish but has a very wide range of targets — from $2.84 all the way up to $8;
- In four years, for 2025, different predictions also give targets that have a fivefold difference: from $1.9 to $10.94;
- By 2030, MATIC will be trading for double-digit prices up to $70.
What are Polygon and MATIC?
Polygon Network is an Ethereum interoperability solution for chains compatible with the network. Polygon used to be called Matic Network, a layer-two (L2) scaling solution for Ethereum. However, later on the developers expanded the scope of the project and rebranded. **MATIC token is the legacy from Matic Network given a new role in the expanded system. ** When Matic Network was rebranded to Polygon, developers chose to put network security to MATIC instead of making a new token. If you’d like to know in more detail what Polygon crypto and MATIC is, see our Beginner’s Guide!
MATIC Price History
MATIC Price in 2019–2020
MATIC hit the market in April 2019 after an Initial Exchange Offering on Binance, attracting plenty of attention. In December 2019, project developers were accused of a pump and dump when a correction from an unprecedented peak of $0.04 caused a selloff to $0.015. In June 2020 mainnet finally went live, though it was not until launching staking in July that the price moved. All in all, 2020 was a volatile but barely profitable year for MATIC holders, as it opened at $0.014 and closed around $0.018.
MATIC Price in 2021
2021 is the year when MATIC truly gained recognition. Ironically, this happened after the rebrand to Polygon Network in February 2021. As more and more protocols started using Polygon, its token reached the ATH on May 18, 2021 — $2.68. Though currently, with the NFT and GameFi projects migrating to Ethereum L2s, it is getting closer to reclaiming it. At the moment of writing, Polygon ranks 14th on CoinMarketCap, and MATIC price is $2.31.
What influences the price?
Integrations and Partnerships
Like we previously mentioned, parabolic growth of Polygon was caused by a skyrocketing usage. As Ethereum developers suggest using layer 2 solutions instead of waiting for Ethereum 2.0, many developers appreciated and picked Polygon. But that is not the only reason why Polygon is booming, the developers take great measures to attract developers and capital. Their Defi For All fund of $100 million was created to support builders of the network. Existing protocols like Balancer choose to move to Polygon to bypass Ethereum congestion and costly fees.
Reputation of Protocols on Polygon
Polygon is an ecosystem of chains and protocols, and not all of them are inherently safe to use. For one, among the protocols that suffered from attacks and exploits are SafeDollar, Malt Finance, Malt Protocol, Polywhale and Iron Finance. Polygon itself is not complacent in these occurrences but the trust in the ecosystem as a whole might be shaken. It is in times like these it’s important to remember: don’t trust, verify (and do your own research).
Last but not least, Polygon was highly appreciated even by institutional investors. Grayscale Investments offers its clients MATIC among other altcoins. Polygon is also backed by vocal and reputable personalities like Mark Cuban.
Latest Twitter posts
$MATIC: Looks pretty strong in general, I'd be a bit careful around this area. With that said, I think breaking all time highs is inevitable here. #MATIC pic.twitter.com/YznrpvY2nd— Altcoin Sherpa (@AltcoinSherpa) December 8, 2021
Trader Altcoin Sherpa gives a prediction for MATIC in the short term: a new ATH is approaching.
A gentle reminder: There are a number of big announcements and game changing partnerships about to come from @0xPolygon $Matic 💜 sequentially.— Delli Babu ∞ (@DelliBa14868299) December 8, 2021
User Delli Babu reminded his followers of the reasons MATIC is rallying: the Polygon team prepares for the launch of ZK-Rollup scaling solution. And this is only what has been announced!
Two ETH whales just bought 999,990 $Matic ($2,329,977 USD) and 900,000 $Matic ($2,087,999 USD), respectively, ranked #207 and #360 on WhaleStats. #whalestats #MATIC #ERC20 #DEFI #ETH https://t.co/7fEDj7EMXq— U.Today (@Utoday_en) December 8, 2021
But here is a little something to be cautious about: not only the Polygon community is seeking to capitalize on the rally and news. A significant move to the upside can cause whales to sell off.
MATIC Price Prediction 2022
Up To Brain MATIC price prediction 2022: $2.84
Analyzing technicals of the MATIC price, Up To Brain arrives at the conclusion that the most reasonable target for MATIC in 2022 is $2.84.
Ryan Matta MATIC price prediction 2022: $3.69–6
Trader and YouTube host Ryan Matta analyzed the price changes of MATIC up until now and defined the $0.97 key support level. In case the altcoin season does occur in December 2021, by 2022 MATIC can gain a head start up at $3.69. If it goes parabolic, there are chances of reaching $6.
Coinquora MATIC price prediction 2022: up to $8
Technical analysis made by Coin Quora suggested that the bullish impulse may propel MATIC to new highs. If this bull run continues, by 2022 MATIC can appreciate to $8 but more likely, hover around $7.5.
Polygon MATIC price prediction 2023–2024
Long Forecast Polygon MATIC Price Prediction 2023: $8.08
Long Forecast is more bullish on MATIC than other analysts. In their forecast, the Polygon token will bounce up to $8.08 in May and bottom at $4.75 in December.
Gov Capital Polygon MATIC Price Prediction 2024: $6.78
In the next few years, as Gov Capital predicts, the MATIC price will multiply but not reach double digits. In 2024, it can be expected to open at somewhere between $4.57 and $6.18 and close at $6.78 on average.
MATIC coin price prediction 2025
CryptoNewsZ MATIC price prediction 2025: $1.9–3.5
CryptoNewsZ is very moderate even when it comes to estimating future prices in 2025 because of regulatory uncertainty. Their targets lie at $1.9 low and $3.5 high, and they consider it a reach.
Digital Coin Price Polygon price prediction 2025: $8
Projections by Digital Coin Price paint a similar picture: MATIC will hover around $8 even in four years from now. This threshold will be reached soon after 2025 starts but volatility in-between months will take it as low as to $6.
Coinpedia Polygon MATIC Price Prediction: $10.94
By the middle of the decade, MATIC network will be the go-to Ethereum scaling solution, Coinpedia analysts say. In 2025, their target for MATIC is estimated to be around $10.941, though a fall to $8.511 may occur.
Polygon Price Prediction 2030
It’s unreliable to assume that the cryptocurrency market in ten years is going to be similar to what it looks like now. Based on this assumption, though, Cryptocurrency Price Prediction gives a MATIC price prediction 2030 of $53.47 to $70.13.
ChangeHero MATIC price prediction
Polygon is championing easy and convenient building on Ethereum layer-two and it is currently the best approach to building applications on Ethereum. Polygon is going to be on a roll in 2022 and maybe a few more months until Ethereum 2.0. In the long term, though, the prospects of Polygon are nebulous. The team might come up with more protocol updates in the meantime to keep the project relevant.
How to get MATIC on ChangeHero?
If you already own cryptocurrencies, getting MATIC could not be easier than by exchanging to MATIC on ChangeHero:
- Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
- The Best Rate transactions will use the rate current to the time when your funds arrive. The Fixed Rate will use the rate at the time of step 1;
- As soon as the exchange has been processed, your MATIC is on the way to your wallet.
The customer support is here for you 24/7 in the chat on the website or through the email: [email protected].
MATIC is one of the best performers so far in 2021, and its current position secures its success in the near future. It’s a project that proved its value beyond market trends, with its accessibility and usefulness. Our blog is frequently updated with recent news, guides and forecasts. If you prefer social media for discussion and news, subscribe to us on Twitter, Reddit, Facebook and Telegram.
Frequently asked questions
This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price. When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.