The post Polygon Price Prediction 2023 – 2025: Will MATIC Turn Bullish In 2023? appeared first on Coinpedia Fintech News
Turning profitable as the Uptober rally extends further to drive MATIC price above $0.75, Polygon price continues to surge higher. With the late 2023 market recovery igniting a fresh demand amongst investors for altcoins, the MATIC price takes off for a moonshot.
Overcoming the 33% year-to-date drop in September, the Polygon chart showcases a trend reversal and captures the attention of market investors. Crossing the $0.75 mark with a 52% jump in the last three weeks increases the possibility of MATIC’s price reaching the psychological mark of $1 in 2023.
With Polygon preparing to take off this season, the investors are curious about: Can Polygon reach $100? Will Polygon go up? Is Polygon a good investment?
We bring our Polygon Price Prediction for 2023 – 2030 to explore the MATIC price prediction and answer such questions for you.
So read on because MATIC Prediction Prediction can be your golden ticket in the crypto universe.
Table of contents
Overview
| Cryptocurrency | Polygon |
| Token | MATIC |
| Price | $ 0.76525894  5.20% |
| Market Cap | $ 7,074,733,417.2160 |
| Trading Volume | $ 479,829,522.5292 |
| Circulating Supply | 9,244,888,318.0557 |
| All-time High | $2.92 Dec 27, 2021 |
| All-time Low | $0.003012 May 10, 2019 |
| 24 High | $ 0.7722 |
| 24 Low | $ 0.6948 |
What’s New With Polygon?
Polygon, a key player in Ethereum’s Layer 2 ecosystem, is making significant progress in the crypto market. It is more than just a platform; it is a vision for the future. The release of Polygon 2.0, a network of ZK-powered L2 chains, will provide limitless scalability and unified liquidity.
What is PoS? Proof-of-Stake (PoS) is a consensus mechanism where validators are chosen to create new blocks based on the number of tokens they hold and are willing to “stake” or lock up.
Significance in ZK L2: In the context of Polygon’s ZK L2, ZKP ensures that all transactions are valid without revealing the specifics of the transaction. This not only enhances privacy but also reduces the computational power required to validate transactions.
MATIC Price Prediction November 2023
With the double bottom reversal rally gaining momentum, the sellers fail to hold dominance over crucial levels. Crossing the crucial 200-day EMA and teasing a golden crossover in the daily chart, the MATIC price crosses the $0.75 mark.
Further, the 52% jump with strong bullish candles in the last three weeks teases a trend continuation to the $1 mark. From a price action standpoint, the reversal rally can form a rounding bottom with a neckline at $0.85. Therefore, cautious sideline traders can find the next entry point at the $0.85 breakout.
With an intraday gain of 3.18%, the MATIC price action forms a solid bullish engulfing candle and trades at $0.7663.
If the uptrend continues to gain momentum, the Polygon coin price can reach the $1 mark shortly with the $0.85 breakout. On the flip side, a correction trend can lead to a retest of the $0.60 mark.
| MATIC Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| November 2023 | $0.60 | $0.80 | $1 |
MATIC Price Prediction 2023
After a disappointing start to 2023, MATIC has seen its price plummet, erasing its new year gains and registering a 67% decline over the past eight months. The formation of a bearish wedge in the daily chart has further emphasized this downtrend.
As MATIC finds a stable base at the psychologically significant $0.50 mark, a bullish reversal leads to a breakout rally. Moreover, as 2023’s long-term correction phase comes to an end, MATIC’s price is revitalized, thanks in part to Google Cloud’s staking of 10,000 MATIC tokens, which has positively influenced market sentiment.
Polygon’s DeFi Chapter
With promising prospects of the DeFi sector and the 4th Bitcoin halving in 2024, analysts predict that Polygon’s price could peak at $1.045, with an average value of $0.7785.
The Polygon network continues to impress, with a total value locked (TVL) of more than $1.149 billion and a stablecoins market capitalization of $1.302 billion.
The TVL value is declining in parallel to the MATIC coin price. The TVL is close to the early 2023 level, representing a significant drop from $1.72 Billion.
Technical Charts Lead A Bearish Story
Following a sharp decline after the early 2023 gains, MATIC’s price has been pressed against a resistance trendline, leading to a 30% YTD drop.
The falling trend movement pattern in the daily chart remains prominent and takes up half of the 2023 automatic price movement. The bullish reversal exceeds the overhead resistance trendline, signaling a breakout rally. This increases the possibility of MATIC’s price reaching the 2023 height of $1.56.
However, the price action displays a retest phase in motion.
A bullish turnaround could propel MATIC towards the $1.56 threshold, especially with the looming Bitcoin ETF’s SEC decision in October, which might provide a tailwind for altcoins, including MATIC.
On the flip side, if the MATIC price drops back to $0.49, then the altcoin prices may drop to the $0.40 mark.
| MATIC Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 0.40 | 0.98 | 1.045 |
MATIC Price Prediction 2024
Polygon may sustain an uptrend in the first half of 2024, with the Bitcoin halving playing a significant role. Moreover, the blue-chip altcoins will also witness a surge in prices with the new altcoin season.
As a result, the price of Polygon (MATIC) price forecast for 2024 is a projected high of $2.08. On the flip side, the Polygon crypto price may drop back to its previous low at $1.62, resulting in an average price of $1.85 throughout the year.
| MATIC Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 1.62 | 1.85 | 2.08 |
MATIC Price Prediction 2025
MATIC price forecast for 2025 predicts a new all-time high formation with the large-scale adoption of Polygon 2.0.
With a potential high of $3.15, the MATIC coin price is set to sustain the bull run. However, a short correction may reach a potential low of $1.899, making an average of $2.5245.
| MATIC Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 2.628 | 3.843 | 5.067 |
Polygon Price Prediction 2026 – 2030
| MATIC Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2026 | 3.42 | 3.95 | 4.48 |
| 2027 | 4.45 | 4.944 | 5.438 |
| 2028 | 4.828 | 5.666 | 6.504 |
| 2029 | 6.267 | 6.8585 | 7.45 |
| 2030 | 8.715 | 8.8975 | 9.08 |
MATIC Price Prediction 2026
Anticipating further expansion, MATIC’s potential high for 2026 is projected to be $4.48, while the potential low is estimated at $3.42, resulting in an average price of $3.95.
MATIC Price Prediction 2027
MATIC crypto can make a potential high of $5.438 in 2027, with a potential low of $4.45, leading to an average price of $4.944.
MATIC Price Prediction 2028
As the MATIC coin price progresses, the potential high price for 2028 is projected to be $6.504, with a potential low of $4.828, resulting in an average price of $5.666.
MATIC Price Prediction 2029
Polygon coin price potential high for 2029 could be $7.45, while a potential low of $6.267, with an average price of $6.8585.
MATIC Price Prediction 2030
With an established position in the market, MATIC’s potential high for 2030 is projected to be $9.08. On the flip side, a potential low of $8.715 will result in an average price of $8.8975.
MATIC Price Prediction 2023 – 2030
Market Analysis
| Firm Name | 2023 | 2024 | 2025 |
| Gov Capital | $1.54 | $2.14 | $3.46 |
| Digital Coin Price | $1.71 | $2.02 | $2.84 |
| Trading Beasts | $1.25 | $1.38 | $2.01 |
*The aforementioned targets are the average targets set by the respective firms.
Polygon Price Prediction: Analysts Forecast $1.835 by End of 2023
Crypto analyst Michaël van de Poppe has predicted extended rallies for Polygon, indicating a bullish sentiment for the platform. Other analysts also predict that the MATIC price could reach a maximum of $1.835 by the end of 2023.
CoinPedia’s MATIC Price Prediction
The Polygon community is rapidly growing, and there are upcoming improvements in Polygon 2.0, which aligns with the expanding DeFi ecosystem. Coinpedia’s price prediction for Polygon is extremely bullish, suggesting MATIC crypto price may reach new swing highs and possibly surpass its all-time high in 2025.
The Polygon Price Forecast 2023 anticipates a swing high of $1.045, with an average price of $0.778.
We expect the MATIC Price to reach $1.045 by the end of 2023.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 0.4480 | 0.7465 | 1.045 |
Historical Market Sentiments 2019 – 2023
FAQs
MATIC price could possibly close its trade for 2023, with a pricier tag of $1.835.
Yes, MATIC is a profitable investment, the digital asset should be under due consideration for the long term.
According to our MATIC price prediction, the altcoin could possibly reach a maximum of $5.0678 by the end of 2025. With a potential surge the price could go as high as $23.040 by the end of 2030.
While it is not a direct apples-to-apples comparison, as one is a layer-2 and the other is a layer-1. Polygon currently stands stout with its robust network.
At its best, Polygon can process 65,000 transactions per second.
The major functionality of Polygon is to enable the multichain Ethereum ecosystem. It provides a network that offers interoperability between previous and present infrastructure scenarios of Ethereum.
Matic Price Prediction $100, It is possible for Polygon Matic to reach $100 over the next 18 years.
Your investment of $100 in Polygon in 2020, considering at $0.022 (high of Dec 2020), would be now worth approximately $3554.55, with a percentage gain of 3454.55%
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