Thursday, December 8, 2022
 

Polygon (MATIC) Price Prediction: Will MATIC reach $3 in 2022?

  • Bullish MATIC price prediction ranges from $1.0325 to $2.7214.
  • MATIC price might also reach $3 this 2022.
  • MATIC’s bearish market price prediction for 2022 is $0.3094.

Polygon is one of the top blockchains in the crypto space. The native token of the Polygon Network is MATIC. Due to its popularity among cryptocurrency users, Polygon (MATIC) has a Weiss crypto rating of B. A recent study in July 2022, shows that the top 100 Ethereum whales have $82.6 million worth of Polygon (MATIC) tokens. In the past 30 days, it has yielded 54.3% profit to its investors.

Polygon investors are bullish on the coin since it is attracting a lot of developers to its blockchain. Investors that hold MATIC have the possibility of receiving interest by staking the token on different cryptocurrency exchanges. The recent crypto winter in the first half of the year has had little effect on investors’ bullish sentiment on Polygon (MATIC).

If you are interested in the future of Polygon (MATIC) and would want to know the price analysis and price prediction of MATIC for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

What is Polygon (MATIC)?

Matic Network which was launched in October 2017, and was rebranded to Polygon in February 2021. It is a Layer-2 solution that is compatible with tokens launched on the Ethereum blockchain. The Polygon blockchain allows developers to build decentralized applications on it.

Polygon Smart Contract framework provides a protocol that solves the scalability challenges that is associated with the Ethereum blockchain. Transactions on the Polygon blockchain can be completed faster and at a lower fee when compared to the Ethereum network. The Polygon native token MATIC is used to pay for transactions.

At present, there are over 135 million unique addresses on the Polygon blockchain and 100 validators. There are 13k Delegators as well as over 2B MATIC staked.

Some of the proof-of-stake (PoS) decentralized applications on the Polygon blockchain include PoS Wallet, PoS Staking, PoS Explorer, PoS Widget, and PoS Bridge. PoS bridge is used to bridge tokens from other blockchains like Ethereum to Polygon blockchain.

Polygon blockchain is compatible with Ethereum Virtual Machine (EVM) and can perform 65,000 transactions per second (TPS).

Matic network was launched on the Ethereum blockchain as an ERC-20 token before it migrated to its mainnet in 2019.

Polygon (MATIC) Current Market Status

The total supply of Polygon (MATIC) is 10 billion while the circulation supply is 8.03B MATIC. At the time of writing, MATIC is trading for $0.9446 which represents a 24 hours increase of 3.19%. The trading volume of MATIC in the past 24 hours is $373,094,940 which represents a 48.21% increase.

Some of the top cryptocurrencies for trading Polygon (MATIC) are Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Gemini, and others.

Now that you have known what Polygon is and the current market status of MATIC, we shall discuss the price analysis of Polygon (MATIC) for 2022.

Polygon (MATIC) Price Analysis 2022

Currently, MATIC is ranked in the 13th position on CoinMarketCap. Will the Polygon blockchain developments such as Polygon Supernets, Polygon Avails, Polygon Zero, Polygon Miden, and Polygon ZkEVM lead to a rising in the price of Polygon? We shall see this in this CoinEdition price analysis 2022 article.

Polygon (MATIC) Price Analysis- Keltner Channel

C/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
MATIC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Polygon (MATIC), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is a bullish engulfing, the present increase in the price of MATIC might be sustained before any reversal would be expected.

Polygon (MATIC) Price Analysis- Relative Strength Index

MATIC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
MATIC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Polygon (MATIC) 1day chart of MATIC/USDT is at 62.71.  This shows that MATIC is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Polygon (MATIC) Price Prediction-Moving Averages

MATIC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
MATIC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the1Day chart of Polygon’s 200-day and 100-day Moving Average (MA). Presently, MATIC is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price of MATIC is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Polygon (MATIC) might experience a huge rise or fall in the future.

Polygon (MATIC) Price Prediction 2022

MATIC/USDT 1Day Chart (Source: Tradingview)
MATIC/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Polygon (MATIC) was ranging between $1.2091 at the resistance2 level and $1.0325 at resistance1 level, in the past few weeks, after touching the $0.9565 support1 level and $0.5247 support2 level.

Irrespective of this sideways movement in the price of MATIC, we can deduce the following:

  1. The price of Polygon (MATIC) is expected to reverse at the $1.0325 resistance1 level, due to the formation of a double top. If investors have their way, the price of MATIC could surge higher against the double-top market structure.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of MATIC up to support2 level at $0.5247, until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term MATIC price prediction for 2022 is bullish since it might break many psychological resistances. We can expect MATIC to reach $3 this year.

Polygon (MATIC) Price Prediction-Resistance and Support Levels

MATIC/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)
MATIC/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

This bullish chart shows that the price of MATIC has increased by 6.9% in the past 14 days. If this price increase continues, MATIC could break the $1.0325 resistance1 level and move higher to $2.7214 at the resistance8 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of MATIC might be dethroned from its present uptrend position. In simpler terms, Polygon might trend below the $0.3094 support3 level, and even lower in 2022, a bearish signal.

Polygon (MATIC) Price Prediction 2023

Polygon might hit $8 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of MATIC will see rapid growth to $5. The growth will thereafter moderate, but no significant drops are predicted. By upgrading staking rewards, investors could stake more MATIC thereby reducing its volume in circulation. This could make the price of MATIC reach $8 shortly.

Polygon (MATIC) Price Prediction 2024

Polygon price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $15, making it not plummet but play consistently. Additionally, this could only be possible if MATIC breaks through past psychological resistance levels.

Polygon (MATIC) Price Prediction 2025

MATIC prices might grow past $25 during the next three years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Polygon (MATIC) Price Prediction 2026

MATIC prices might grow past $35 during the next four years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Polygon (MATIC) Price Prediction 2027

MATIC prices might grow past $45 during the next five years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Polygon (MATIC) Price Prediction 2028

MATIC prices might grow past $55 during the next six years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Polygon (MATIC) Price Prediction 2029

MATIC prices might grow past $65 during the next seven years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Polygon (MATIC) Price Prediction 2030

MATIC prices might grow past $75 during the next eight years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, MATIC might reach $3 in 2022 and $75 by 2030 if investors have decided that Polygon (MATIC) is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Polygon (MATIC)?

Polygon is a Layer-2 solution that is compatible with tokens launched on the Ethereum blockchain. The Polygon blockchain allows developers to build decentralized applications on it.

How to buy Polygon Token?

Like other cryptocurrencies, Polygon (MATIC) can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Gate.io, Kraken, and others.

Will Polygon surpass its present ATH?

Since Polygon provides its investors with staking rewards, it has the possibility of surpassing its present all-time high (ATH) price of $2.92 in 2022.

When was MATIC Network launched?

Matic Network was launched in October 2017.

What is the total supply of MATIC?

It is 100B MATIC.

What will be the MATIC price by 2023?

Polygon (MATIC) price is expected to reach $8 by 2023.

What will be the MATIC price by 2024?

Polygon (MATIC) price is expected to reach $15 by 2024.

What will be the MATIC price by 2025?

Polygon (MATIC) price is expected to reach $25 by 2025.

What will be the MATIC price by 2026?

Polygon (MATIC) price is expected to reach $35 by 2026.

What will be the MATIC price by 2027?

Polygon (MATIC) price is expected to reach $45 by 2027.

What will be the MATIC price by 2028?

Polygon (MATIC) price is expected to reach $55 by 2028.

What will be the MATIC price by 2029?

Polygon (MATIC) price is expected to reach $65 by 2029.

What will be the MATIC price by 2030?

Polygon (MATIC) price is expected to reach $75 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish MATIC price prediction ranges from $1.0325 to $2.7214.
  • MATIC price might also reach $3 this 2022.
  • MATIC’s bearish market price prediction for 2022 is $0.3094.

Polygon is one of the top blockchains in the crypto space. The native token of the Polygon Network is MATIC. Due to its popularity among cryptocurrency users, Polygon (MATIC) has a Weiss crypto rating of B. A recent study in July 2022, shows that the top 100 Ethereum whales have $82.6 million worth of Polygon (MATIC) tokens. In the past 30 days, it has yielded 54.3% profit to its investors.

Polygon investors are bullish on the coin since it is attracting a lot of developers to its blockchain. Investors that hold MATIC have the possibility of receiving interest by staking the token on different cryptocurrency exchanges. The recent crypto winter in the first half of the year has had little effect on investors’ bullish sentiment on Polygon (MATIC).

If you are interested in the future of Polygon (MATIC) and would want to know the price analysis and price prediction of MATIC for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

What is Polygon (MATIC)?

Matic Network which was launched in October 2017, and was rebranded to Polygon in February 2021. It is a Layer-2 solution that is compatible with tokens launched on the Ethereum blockchain. The Polygon blockchain allows developers to build decentralized applications on it.

Polygon Smart Contract framework provides a protocol that solves the scalability challenges that is associated with the Ethereum blockchain. Transactions on the Polygon blockchain can be completed faster and at a lower fee when compared to the Ethereum network. The Polygon native token MATIC is used to pay for transactions.

At present, there are over 135 million unique addresses on the Polygon blockchain and 100 validators. There are 13k Delegators as well as over 2B MATIC staked.

Some of the proof-of-stake (PoS) decentralized applications on the Polygon blockchain include PoS Wallet, PoS Staking, PoS Explorer, PoS Widget, and PoS Bridge. PoS bridge is used to bridge tokens from other blockchains like Ethereum to Polygon blockchain.

Polygon blockchain is compatible with Ethereum Virtual Machine (EVM) and can perform 65,000 transactions per second (TPS).

Matic network was launched on the Ethereum blockchain as an ERC-20 token before it migrated to its mainnet in 2019.

Polygon (MATIC) Current Market Status

The total supply of Polygon (MATIC) is 10 billion while the circulation supply is 8.03B MATIC. At the time of writing, MATIC is trading for $0.9446 which represents a 24 hours increase of 3.19%. The trading volume of MATIC in the past 24 hours is $373,094,940 which represents a 48.21% increase.

Some of the top cryptocurrencies for trading Polygon (MATIC) are Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Gemini, and others.

Now that you have known what Polygon is and the current market status of MATIC, we shall discuss the price analysis of Polygon (MATIC) for 2022.

Polygon (MATIC) Price Analysis 2022

Currently, MATIC is ranked in the 13th position on CoinMarketCap. Will the Polygon blockchain developments such as Polygon Supernets, Polygon Avails, Polygon Zero, Polygon Miden, and Polygon ZkEVM lead to a rising in the price of Polygon? We shall see this in this CoinEdition price analysis 2022 article.

Polygon (MATIC) Price Analysis- Keltner Channel

C/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
MATIC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Polygon (MATIC), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is a bullish engulfing, the present increase in the price of MATIC might be sustained before any reversal would be expected.

Polygon (MATIC) Price Analysis- Relative Strength Index

MATIC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
MATIC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Polygon (MATIC) 1day chart of MATIC/USDT is at 62.71.  This shows that MATIC is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Polygon (MATIC) Price Prediction-Moving Averages

MATIC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
MATIC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the1Day chart of Polygon’s 200-day and 100-day Moving Average (MA). Presently, MATIC is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price of MATIC is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Polygon (MATIC) might experience a huge rise or fall in the future.

Polygon (MATIC) Price Prediction 2022

MATIC/USDT 1Day Chart (Source: Tradingview)
MATIC/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Polygon (MATIC) was ranging between $1.2091 at the resistance2 level and $1.0325 at resistance1 level, in the past few weeks, after touching the $0.9565 support1 level and $0.5247 support2 level.

Irrespective of this sideways movement in the price of MATIC, we can deduce the following:

  1. The price of Polygon (MATIC) is expected to reverse at the $1.0325 resistance1 level, due to the formation of a double top. If investors have their way, the price of MATIC could surge higher against the double-top market structure.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of MATIC up to support2 level at $0.5247, until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term MATIC price prediction for 2022 is bullish since it might break many psychological resistances. We can expect MATIC to reach $3 this year.

Polygon (MATIC) Price Prediction-Resistance and Support Levels

MATIC/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)
MATIC/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

This bullish chart shows that the price of MATIC has increased by 6.9% in the past 14 days. If this price increase continues, MATIC could break the $1.0325 resistance1 level and move higher to $2.7214 at the resistance8 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of MATIC might be dethroned from its present uptrend position. In simpler terms, Polygon might trend below the $0.3094 support3 level, and even lower in 2022, a bearish signal.

Polygon (MATIC) Price Prediction 2023

Polygon might hit $8 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of MATIC will see rapid growth to $5. The growth will thereafter moderate, but no significant drops are predicted. By upgrading staking rewards, investors could stake more MATIC thereby reducing its volume in circulation. This could make the price of MATIC reach $8 shortly.

Polygon (MATIC) Price Prediction 2024

Polygon price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $15, making it not plummet but play consistently. Additionally, this could only be possible if MATIC breaks through past psychological resistance levels.

Polygon (MATIC) Price Prediction 2025

MATIC prices might grow past $25 during the next three years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Polygon (MATIC) Price Prediction 2026

MATIC prices might grow past $35 during the next four years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Polygon (MATIC) Price Prediction 2027

MATIC prices might grow past $45 during the next five years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Polygon (MATIC) Price Prediction 2028

MATIC prices might grow past $55 during the next six years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Polygon (MATIC) Price Prediction 2029

MATIC prices might grow past $65 during the next seven years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Polygon (MATIC) Price Prediction 2030

MATIC prices might grow past $75 during the next eight years. Furthermore, hitting this level might not be so tough for MATIC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polygon (MATIC) has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, MATIC might reach $3 in 2022 and $75 by 2030 if investors have decided that Polygon (MATIC) is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Polygon (MATIC)?

Polygon is a Layer-2 solution that is compatible with tokens launched on the Ethereum blockchain. The Polygon blockchain allows developers to build decentralized applications on it.

How to buy Polygon Token?

Like other cryptocurrencies, Polygon (MATIC) can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Gate.io, Kraken, and others.

Will Polygon surpass its present ATH?

Since Polygon provides its investors with staking rewards, it has the possibility of surpassing its present all-time high (ATH) price of $2.92 in 2022.

When was MATIC Network launched?

Matic Network was launched in October 2017.

What is the total supply of MATIC?

It is 100B MATIC.

What will be the MATIC price by 2023?

Polygon (MATIC) price is expected to reach $8 by 2023.

What will be the MATIC price by 2024?

Polygon (MATIC) price is expected to reach $15 by 2024.

What will be the MATIC price by 2025?

Polygon (MATIC) price is expected to reach $25 by 2025.

What will be the MATIC price by 2026?

Polygon (MATIC) price is expected to reach $35 by 2026.

What will be the MATIC price by 2027?

Polygon (MATIC) price is expected to reach $45 by 2027.

What will be the MATIC price by 2028?

Polygon (MATIC) price is expected to reach $55 by 2028.

What will be the MATIC price by 2029?

Polygon (MATIC) price is expected to reach $65 by 2029.

What will be the MATIC price by 2030?

Polygon (MATIC) price is expected to reach $75 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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