Polygon (MATIC) price prediction 2024 - 2030

In "Polygon (MATIC) prediction 2024-2030," we take a closer look at the Layer 2 blockchain. What can you expect from Polygon's stock price? In this article, we analyze what Polygon is and read what to expect from Polygon in 2024 to 2030.

Table of Contents

1. Polygon prediction 2024
2. Polygon (MATIC) long-term rate prediction
3. Realistic Polygon prediction
4. Current Polygon (MATIC) price
5. What is Matic coin?
6. What is the Polygon Network?
7. Polygon in the NFT world

Polygon prediction 2024

What can we expect from the Polygon price in 2024? Given the current trends and developments in the crypto market, Polygon seems poised for an interesting year. According to the data we looked at, the Polygon price could reach a maximum value of €1,73 in 2024. The last quarter of 2023 experienced some notable events that have the potential to significantly impact Polygon's share price.

One major development that could affect the cryptocurrency market, including Polygon, is the potential approval of Ripple or Ethereum Spot ETFs. As we have seen with the Bitcoin market's positive reaction to Bitcoin Spot ETFs, the approval of such ETFs for other major cryptocurrencies could trigger a significant influx of institutional money. This could not only increase the price and legitimacy of involved cryptocurrencies, but also give the entire crypto sector a serious boost.

Polygon, as one of the main platforms for scaling Ethereum and improving its infrastructure, could particularly benefit from an Ethereum ETF. The integration and adoption of such financial products could draw attention to Polygon's technological advances and thus drive the price.

With an expected maximum price of €1,73 in 2024, it is clear that there is much prediction surrounding Polygon's performance. This price increase can be attributed to several factors, including technological advances within the Polygon network, increasing adoption by developers and companies, and overall growing interest in the crypto market.

Polygon (MATIC) long-term rate prediction

Are you considering adding Polygon (MATIC) to your portfolio for the long term? If so, it may be valuable to take a closer look at analysts' insights on Polygon's future stock price. Below is an overview of the minimum, average and maximum Polygon stock prices by year, based on the data we discussed earlier. The outlook generally suggests a positive trend. Nevertheless, it is essential to realize that preparing a Polygon prediction is very difficult because no one can predict exactly what is going to happen. It is wise to interpret it with caution.

Polygon prediction 2024

The Polygon price prediction is positive, with a €1,38 average price which shows a significant increase of about 74,68% relative to the current price. Polygon is predicted to rise to a possible maximum price of €1,73 .

Polygon (MATIC) prediction 2025

For 2025, the Polygon prediction shows a continuation of the upward trend. With the Polygon price predicted to rise to an average of €1,95 , this shows a growth of about 146,84% compared to Polygon's current price. Analysts suggest that Polygon is going to rise to a maximum price of €1,99 .

Polygon forecast 2026

In 2026, Polygon prices are likely to continue to rise, with a forecast showing an average price of €2,62 . This would amount to a positive change of approximately 231,65% compared to today. A maximum price of €2,77 in 2026 is the Polygon prediction.

Polygon (MATIC) prediction 2027

Polygon continues to show strong upside potential, with analysts naming a Polygon price prediction of at least €3,04 by 2027, representing an increase of some 284,81% as of now. The average rate would come out to €3,34 , with the prediction that Polygon is going to rise to a maximum of €3,63 .

Polygon (MATIC) prediction 2028

The same positive line in Polygon forecasts is expected for 2028 as the previous year, with prices ranging from a minimum of €3,04 , an average of €3,34 , up to a maximum price of €3,63 .

Polygon (MATIC) prediction 2029

The Polygon forecast for 2029 is for the positive trend to continue, with the minimum price rising to €3,74 . It could average the Polygon rate to €4,13 and it is possible that Polygon is going to rise to a peak of €4,33 ; this would be a vote of confidence for Polygon's market position.

Polygon (MATIC) prediction 2030

The prediction of Polygon going up continues to hold through 2030, with an expected average price of €5,73 , an impressive increase of over 625,32% compared to the current price. The year could end with a maximum price of €5,91 , a strong end to the decade for Polygon.

Note!

Again, we want to emphasize that we do not make predictions ourselves and that most predictions do not come true, because nobody knows what developments will take place in the future and how the crypto market will react to them. Therefore, making price forecasts exactly on the penny is unrealistic, but can be used by some as an indication to make proper trade-offs. For Polygon, it is especially important to follow Polygon news.

Realistic Polygon prediction

The crypto market moves in a rhythm of bull runs, in which the prices of digital currencies skyrocket thanks to a wave of optimism and hefty investments, alternating with bearmarkets, in which the values of even the top 100 cryptocurrencies can fall by as much as 80-90%.

Analysts and analysis firms such as DigitalCoinPrice often predict that the crypto market will continue to grow, based on the idea that everything will only get better. If optimism remains high and investment continues to flow, these predictions could indeed come true. But, the crypto world has its ups and downs, as the Bitcoin halving shows, so we can expect both periods of growth and corrections. These fluctuations can challenge optimistic prediction quite a bit, depending on what stage of the market cycle we are in. Therefore, it is important for investors not only to assume continued growth, but also to be mindful of the potential risks and volatility. This is why we only write prediction for projects that have been around for several years.

At the time of writing, relative to its all-time high, Polygon has 70% lost.

Current Polygon (MATIC) price

What is Matic coin?

If you look up Polygon, you will often see Matic. In addition, the coin's abbreviation is also Matic. This can be confusing for someone new to crypto (or not very familiar with the coin). Polygon was previously called the Matic Network and has been rebranded to the Polygon Network in the past. The coin was launched in 2017 and at the time of writing is ranked No. 17 on CoinMarketCap. A total of 10 billion Matic coins enter the market, 99% of which are currently in circulation.

What is the Polygon Network?

The Polygon Network is a coin built on the second layer of Ethereum. The coin was created by three Indians named Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. They wanted to help solve the problems facing Ethereum. In particular, the low speed of 30 transactions per second (TPS) was a reason for the developers to come up with a solution. Competitors such as Cardano (257 TPS), Polkadot (1,000 TPS) and Solana (65,000 TPS) are much faster than Ethereum. Because the transaction speed is low, the cost of a transaction at busy times is very high. For example, you can pay more than $100 in transaction fees for sending Ethereum during busy periods.

The problem with the Ethereum network is the fact that all applications operate over that same Ethereum network. So these applications automatically take over the minus points, in this case transaction fees. The solution to this problem: the Polygon Network. The network is a "Layer-two (L2)" protocol and is a platform built to scale. This is made possible through the use of sidechains, which allow transactions to take place off-chain. Transactions are validated through the use of the Proof-of-Stake algorithm. Polygon uses Ethereum Virtual Machine (EVM), which in other words is a code managed by computers around the world to enable the execution of smart contracts. Smart contracts are online contracts that conclude an agreement between parties.

The solution allows dApps (decentralized application) built on the Ethereum blockchain to run on Polygon's network, taking advantage of its scalability. Polygon's network can handle about 10,000 transactions per second, making it a lot cheaper than Ethereum. You pay less than a penny for a transaction on the Polygon network.

Polygon in the NFT world

As many will know, the Ethereum blockchain is widely used for creating (mining) and trading non-fungible tokens (NFTs). An NFT is a smart contract that is unique in itself and is often used to register digital art on the blockchain. The Ethereum blockchain is currently the most widely used platform for registering and trading NFTs. Trading NFTs is often done on trading platforms such as Opensea and Rarible. As mentioned earlier, the transaction costs on the Ethereum blockchain are high, which is why creating and trading NFTs on the Polygon network is much cheaper. The low transaction costs are a good reason for artists to register their digital artworks on the Polygon network.