Polygon matic Price Prediction 2021 and Beyond: Is Polygon A Good Investment Or Complete waste of time
What Is Polygon Matic?
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
Polygon combines the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system.
Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing security. This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc, but with at least three major upsides:
It is able to fully benefit from Ethereum’s network effects
It is inherently more secure
It is more open and powerful
Polygon combines the best of Ethereum and sovereign blockchains into an attractive feature set. Built by developers, for developers.
Industry dominance, established tech stack, tools, languages, standards, enterprise adoption.
Dedicated blockchains, scalable consensus algorithms, custom Wasm execution environments.
Modular ”security as a service”, provided either by Ethereum or by a pool of professional validators.
Dedicated throughput/resources, fully customizable tech stack, sovereign governance.
Native support for arbitrary message passing (tokens, contract calls etc), bridges to external systems.
Comparable to Web2, “zero-gas” transactions, instant (deterministic) transaction finality.
Equivalent to Ethereum, no protocol level knowledge required, no token deposits, fees or permissions.
High customizability, extensibility and upgradeability, short time-to-market, community collaboration.
Before we start with MATIC price prediction, an ideal blockchain platform which Matic Network provides cheaper and lightning-fast transactions eliminating the complexities involved in the decentralized ecosystem. Matic Network has been created with the sole objective of a multifunctional and multipurpose advantage in all walks of life.
Matic Overview/ Polygon Matic Review
This our review on Polygon Matic, In this review you will know more about Polygon Matic.
Follow up the table chart carefully.
|Price Change 24h||-0.60%|
|Price Change 7d||-1.06%|
|Circulating Supply||6,434,735,794 MATIC|
|All time high||$2.68|
|All time low||$0.003012|
Matic Network was brought to life by CEO Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in October 2017 after Vitalik Buterin and Joseph Poon released a whitepaper on the Plasma framework. It was observed by the duo that Ethereum was not fully scalable and hence they coined the benefit of using PoS side chains connected to the root chain. Here each and every individual chain deals with its independent blockchain with its consensus mechanism, block validators and it can create more “child chains” of its own.
Recently, Matic Network, rebranded to Polygon — Ethereum’s Internet of Blockchains. The existing Matic solutions remain functional and high priority. $MATIC token remains important for securing and governing the network.
Most of the developers and projects want to build their scaling solutions within the Ethereum ecosystem in order to benefit from its security and network effects. However, they are struggling to navigate its unstructured scaling landscape and to deal with its implementation complexities.
Hence, Polygon announced plans to enhance its support for the Ethereum network to scale faster and reduce the growing transaction costs. The main objective of Polygon is to decrease the high fees paid on the Ethereum blockchain along with scaling for crypto projects and enterprises. Polygon will introduce structure to this ecosystem and provide a framework to help it grow further and faster.
What is the Polygon blockchain?
Polygon is, without a doubt, one of the hottest cryptos at the moment. The price of a Polygon token is up over 100% on the day. Despite this, its prices are still below two dollars, and the market cap is still less than 15 billion dollars on a fully diluted basis.
This is to say that although Polygon prices are flying right now. You haven’t missed the train on this one. This is a very technologically curious token with massive potentials. As far as the best crypto goes, Polygon leads the pack and here is why.
Polygon is ranked 16th on the coin market caps market with a market cap of over seven billion dollars. Polygon is both a protocol and a framework for building and linking Ethereum compatible blockchain networks.
The open-source technology offers developers tools to promptly deploy a standalone network or a secure sidechain that can optionally rely on the security of the Ethereum network through smart contracts.
While Bitcoin and Ethereum remain the widest known blockchains, they aren’t perfect platforms; they both have their shortcomings, and one of them is high transaction fees due to congestion.
They aren’t built for the type of traffic they are currently seeing. The founders of Polygon had this problem in mind while building their platform. So it was designed to eliminate the problem by using what is known as sidechains.
Here is the concept of side chains they are blockchains that are separated from but compatible with Ethereum. They exist to improve scalability and create alternative outlets for transactions.
Think of the main Ethereum blockchain as a highway, and these side chains are siding roads that can help lighten some of the traffic on the main highway in the course of a rush hour.
Sidechains have now grown popular because, with them, you feed two birds with a scone. On the one hand, you remove the high fees that come with congestion on widely known blockchains.
On the other hand, you will get to link up with the core technological advantages of popular blockchains, part of which are a strong community of developers. And an existing code infrastructure on such blockchains.
Experts in the crypto universe believe the side chains will be an essential building blockchain of the new blockchain economy. So that is one more reason to buy many Polygon tokens before the window of opportunity close.
The Polygon purpose, as earlier stated Polygon is a multi-chain network of side chains with each having a slightly different purpose and all of which are compatible with Ethereum.
Polygon is like a series of side roads that Ethereum developers can use to develop apps on time and cheaply on the Ethereum blockchain. The Polygon blockchain used to be called Matic Matic. Has now become a token symbol.
Upcoming Polygon projects
Polygon announces Polygonscan. A fast and scalable blockchain explorer for Polygon powered by etherscan. Polygon will soon be adopting Polygonscan. A blockchain explorer for its own platform, blockchain explorers, are among the most popularly used tools in cryptocurrency.
They fetch data from a blockchain and present it to a user in an accessible and searchable format. Etherscan.io is the most popular blockchain explorer for Ethereum with interesting features like the developer APIs, gas tracker, erc-20 and ERC-721 token trackers and many more. In addition, Etherscan will be facilitating Polygon’s blockchains explorer.
Polygon gets ready for the launch of Mahadao’s Arth 2.0 mainnet. Polygon is preparing to execute the launch of Arth 2.0 on its platform. In addition, Mahadao is forging more partnerships with Polygon by launching v2 of its decentralized algorithmic currency over collateralized fractional reserve currency Arth 2.0 on Polygon to achieve low-cost transactions and quick finality for off tokens. This development further reiterates the wide adoption of Polygons platform.
Technical Analysis of Historical Price Movement of Polygon (MATIC)
The psychology of users plays a pivotal role in the crypto market sentiment. Prices are very sensitive to the crowd’s mental approach towards giving a push to any crypto token. MATIC coin too is no exception. The inertia that initially played for Matic in 2019 is no more there as the token has gained customer trust bringing profit for investors as well as traders. The downswing that played for token in 2019 evaporated in the backdrop of its technological solutions. They were by no means paradigm but sure in the EnY perspective, it can be said the token was being tracked for movement.
In the past 30 days, the Polygon price has crossed the $0.89 mark. In May 2020, Matic price traded at $0.015, while in less than a year, it shot up to $0.89. A frequently and keenly observed trait of Polygon is that it has shown the most erratic and fluctuating behavior. Showing optimum bullish trends, it surprises with downward bear pinning down movement.
Polygon MATIC Price Prediction 2021
Currently, MATIC holds the 21st place on CoinGecko. Would the market performance be enough for MATIC to maintain its bullish position in 2021? Are you excited to know the results? Well, what are we waiting for? Let’s get to the bottom of it in this MATIC price prediction 2021.
MATIC USDT Price Chart MATIC/USDT Price Chart (Source: TradingView)
In the short-to-mid term scenario for our MATIC price prediction 2021, MATIC has to break past the retracement level at $1.51. To do this, it has to establish more support at the Fib level at $1.25. If not, bears may gain the upper hand and drag MATIC to their territory.
Meanwhile, our long-term MATIC price prediction 2021 is bullish. Even more, it has a high possibility of reaching a new all-time high this year. However, that will only happen if it breaks past a number of psychological resistances.
Polygon MATIC Price Prediction 2022
If this bullish trend continues, MATIC will reach $2 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $2.5. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $19 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Polygon MATIC Price Prediction 2023
If MATIC holds 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 $3, making it not plummet but play consistently.
Polygon MATIC Price Prediction 2024
As per the latest upgrades, developments, MATIC price prediction, and new project forecasts of the platform, MATIC investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of MATIC in the crypto market, and it will be the best investment as the price can spike and reach around $5.
Polygon MATIC Price Prediction 2025
In the next four years, MATIC prices could race up to $7.5. However, reaching this level could not be so difficult for MATIC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MATIC has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Even more, the bullish MATIC price prediction 2021 is $1.5. As said above, it may even reach a new ATH if investors have decided that MATIC is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum. Moreover, it has a chance to reach $2 in the latter parts of this year as well.
What is MATIC?
MATIC is an ERC-20 token based on the Ethereum blockchain. However, it seeks to bring an end to the issues that disturb the Ethereum network.
How to Buy MATIC Tokens?
Users can obtain MATIC tokens by purchasing them from cryptocurrency exchanges such as Binance or Huobi Global.
Will MATIC Surpass its Current ATH?
MATIC is a good investment in 2021. However, MATIC has a high possibility of surpassing its current ATH at about $2.68 by 2022.
What will be the MATIC price by 2022?
Polygon (MATIC) price is expected to reach $2 by 2022.
What will be the MATIC price by 2023?
Polygon (MATIC) price is expected to reach $3 by 2023.
What will be the MATIC price by 2024?
Polygon (MATIC) price is expected to reach $5 by 2024.
What will be the MATIC price by 2025?
Polygon (MATIC) price is expected to reach $7.5 by 2025.
Is Polygon A Good Investment right now? (Is Polygon Legit?)
Is Polygon a good investment similar to other crypto investments? You should only invest what you are willing to lose. While the crypto markets are ready to be mainstream there, remain knowns and unknown risks. Having said that, as network congestion continues to be devil users on layer 1 networks.
Layer 2 technologies like Polygon offer a brilliant chance to participate in the ever-increasing world of DeFi decentralized finance. Without giving miners absorbent transaction fees, investors should keenly follow the projects that bring their smart contract capabilities to the Polygon network and research the growth related to their participation.
Like every cryptocurrency, Polygon is high risk. It has potential, and it could be worth a reasonable investment if you like the direction it’s going. Just follow the golden rule when buying crypto — don’t put in more than you could afford to lose.
MATIC has a bright future ahead of it in 2021. With ongoing developments happening within the MATIC ecosystem, as well as in the overall crypto market, we may see MATIC reach new heights.