Polygon Price Prediction 2024 – 2025: Will MATIC Scale To $2 in 2024?

Amidst the overall market recovery, the Polygon token is struggling to gain momentum, signalling a lack of bullish momentum in the price trend. Following the fall of 21% early, the MATIC price trend showcases a high possibility of a drop to $0.50.

However, the optimistic eyes hold on to the recent bounce back in the market, which could reignite the bullish spark and lead to a stronger uptrend. In short, the HODLers expect the prices to shoot up in the highly anticipated altcoin season.

With Polygon preparing to take off this season, investors are curious about whether Polygon can reach $100. Will Polygon go up? Is Polygon a good investment?  

We bring our Polygon Price Prediction for 2024 – 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.

Overview

Cryptocurrency	Polygon
Token	MATIC
Price	$ 0.71743930 0.86%
Market Cap	$ 7,107,641,346.7746
Trading Volume	$ 224,684,922.7674
Circulating Supply	9,906,958,426.3871
All-time High	$2.92 Dec 27, 2021
All-time Low	$0.003012 May 10, 2019
24 High	$ 0.7015
24 Low	$ 0.6714

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 enhances privacy and reduces the computational power required to validate transactions.

MATIC Price Prediction May 2024

With a broader market recovery, the MATIC price shows a bullish recovery after a massive drop of 8.63% last week. In the weekly chart, the Polygon price consolidates near the $0.60 mark and makes multiple Doji candles.

In the weekly chart, the 2.48% jump revives the bullish hope for a comeback in the bull market. Further, the bullish crossover in the VI lines and the uptick in RSI support the reversal chances.

In case of an uptrend, the MATIC price could hit the $1 mark this month. On the flip side, a downfall continuation could challenge the psychological support of $0.50.

MATIC Price Prediction 2024

Welcoming 2024 with a modest 2.04% increase on New Year’s Eve, MATIC’s journey above $1 was short-lived, succumbing to a pullback. However, the recent 17.35% dip seems to be a mere hiccup in its bullish trajectory, rejuvenated by the Bitcoin Spot ETF nod from the U.S. SEC.

This pivotal moment has rekindled the bullish fervour, positioning MATIC on a path to reclaim and potentially exceed the $1 mark.

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 $2.08, with an average value of $1.49.

The Polygon network continues to impress, with a total value locked (TVL) of more than $1.305 billion and a stablecoins market capitalization of $1.294 billion. Further, the TVL value is recovering in parallel to the MATIC coin price.

Technical Charts Lead A Bearish Story

Following a sharp decline after the early 2023 gains, MATIC’s price displays an impressive bounce back, ready to challenge the overhead resistance trendline.

The recovery trend in the weekly chart is gaining momentum and starts an uptrend in 2024. Further, the trend momentum helps sustain the bullish price movement.

In short, the price of Polygon (MATIC) price forecasts 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 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. 

Polygon Price Prediction 2026 – 2030

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 2024 – 2030

Market Analysis

*The aforementioned targets are the average targets set by the respective firms.

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 2024 anticipates a swing high of $2.08, with an average price of $1.49.

We expect the MATIC Price to reach $2.08 by the end of 2024.

Historical Market Sentiments 2019 – 2024

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