This content represents the writer’s opinions and research and is not intended to be taken as financial advice. The information presented is general in nature and may not meet the specific needs of any individual or entity. It is not intended to be relied upon as a professional or financial decision-making tool.
Cryptocurrencies have enjoyed rapid growth in the last year as they saw a massive increase in their values. Investors could earn a good profit on their investment since the crypto market capitalization has reached an all-time high. The overall market cap reached $3 billion by Nov 2021.
Coins like Polygon (MATIC) made headlines for their impressive growth. While the crypto coin saw a fair share of fluctuations throughout 2021, it helped short-term investors to earn good returns. Experts believe the coin has the potential to deliver the same results for long-term investors.
So, what are the possible values that the Polygon is expected to reach in 2023 and in the years ahead? Let’s look at the price predictions for the Polygon coin in the years 2023, 2024, 2025, and 2030. But before that, let’s get a basic statistical overview to understand more about this crypto coin.
Table of Contents
Polygon (MATIC) Overview
While the Polygon coin has been in the market for a few years, it saw massive price fluctuations in 2021. It caught the attention of many investors who saw an opportunity to get good returns.
The price of Polygon is currently at $0.895844 USD, and it experienced a 24-hour trading volume of more than $338,426,815. In the last 24 hours, it has lost 2.64%. The current ranking of CoinMarketCap is number 10, and it has a live market cap of over $7,824,572,737 USD. Its supply is 10,000,000 MATIC coins and its circulating supply is 8,734,317,475.
The investors who bought the Polygon coin initially have enjoyed an ROI of 20208.22%. The coin’s market cap is also increasing, and its value gradually increases over time.
Nonetheless, it is imperative to carry out due diligence to make the right investment choices. Investors should learn about the coin’s prospects and the developer’s goal. Most importantly, they must stay updated with the current trends that can impact the coin’s value.
Polygon (MATIC) Price Prediction 2023
We will also continue to see the impacts of the last two financial quarters of 2022 in 2023. Since the crypto market is currently experiencing a bearish trend, the Polygon coin might see an increase in its value. Conversely, a Bull Run can help regain investors’ confidence, causing Polygon coin price to increase.
According to our analysis, we estimate the average trading price of the Polygon coin to stay around $1.09 to $1.10. A favorable business environment and less instability in the economic conditions can help its price reach the maximum of $1.25. The minimum value of the Polygon coin will stay at $1.05.
Polygon (MATIC) Price Prediction 2024
Our market analysis shows that the average trading price of the Polygon coin will stay around $1.60 to $1.70 throughout 2024. Experts believe that the Polygon coin has the potential to reach the maximum level of $1.85 by the end of 2024. The minimum level that the Polygon coin can reach is $1.55.
2024 will be a crucial year for the crypto market as we expect more comprehensive blockchain technology adoption. Furthermore, there are plans to regulate the crypto markets to maintain a check and balance platform. There is a possibility it can reduce the volatility in the market.
However, new rules and regulations might also drive some potential investors away who enjoy the decentralized crypto space. Regulations would mean they won’t have the same freedom and could face scrutiny for their transactions.
However, these are all speculations, and we would have to wait and see how the market reacts to these regulations.
Polygon (MATIC) Long-term Forecast 2030
Experts are hopeful that the Polygon coin price will steadily rise by 2025. The analysis and findings from various algorithm-based prediction tools show that the average trading price of the Polygon coin will stay at $2.25 throughout 2025. The Polygon coin can reach a maximum level of $2.65 or a minimum level of $2.15.
Many traders and analysts believe that positive market sentiments can help push the price of the Polygon coin above the $3 mark by 2025. Investors must keep a close eye on the changing market trends to know how the Polygon coin price will play out in the coming years.
Polygon (MATIC) Price Analysis
Source: https://coinmarketcap.com/currencies/polygon/
As you can see in the price graph above, the Polygon coin has been in the market for only a short while. The Polygon coin was offered to investors through an ICO (initial coin offering) in April 2019 at a value of $0.00263. Since it has been on the market for only 2 to 3 years, it makes the price analysis limiting.
Additionally, the Bull Run in 2021 caused the Polygon coin’s price to fluctuate frequently. It is a bit challenging to know about the Polygon coin’s potential. However, there is enough data available to make a few observations regarding the coin’s potential.
The coin was available for $0.01 in the first few months of January 2021. However, it saw enormous growth and reached an all-time high value of $2.92 in the last week of December 2021. This jump in the price shows that we can expect a similar leap in the future.
2022
Cryptocurrencies like Polygon (MATIC) suffered greatly during the FTX debacle. Compared to other cryptocurrencies, Polygon performed better during the 2022 bear market. It was able to maintain its relatively high level of support, and it started rising again after it announced several partnerships during the spring and summer of that year. These partnerships, which included deals with Disney and Coca-Cola, were mainly due to the cryptocurrency’s popularity and the development of its layer-2 scaling solution.
Also, the Polygon coin responded to the bullish trends of the market in 2021 and a subsequent bear market in 2022. Therefore, it will likely react to the market sentiment and changing economic conditions. These points make the Polygon coin worth considering for short-term and long-term investment purposes.
Where to Buy Polygon (MATIC)?
You would need to find a reliable and easy-to-use online platform for crypto trading. But which one should you choose?
The eToro platform is a one-stop solution that allows you to invest in the Polygon coin easily. You can also get relevant updates from the platform that will impact the crypto market. Whether you are a beginner or a professional investor, you can use this platform without any trouble.
What’s more? The platform allows you to create an account within a few minutes. Here are the steps to open an account on the eToro platform.
Also, it is important to note that – From 6:00AM ET on Wednesday July 12th, 2023, US customers will no longer be able to open new positions in Polygon (MATIC) on eToro. US Based eToro customers can continue to hold and sell existing positions in Polygon (MATIC).
Step 1: Open an Account
Firstly, you need to go click on the “Create Account” option. It will open up an online form that would require a few things, such as name, number, email address, etc.
Step 2: Verify your Account (Email Verification)
The eToro platform will send a verification email to your registered address. You need to check your inbox and click on the “Verify Your Account” option.
Step 3: Upload ID
After verifying your email, you need to submit the following documents for KYC registration:
• Bank statement for the last six months
• Utility bill
• Passport or your driver’s license
There is no long list of documents that the platform needs.
Step 4: Make a Deposit
Once your account is up and running, you must deposit the amount you want to invest in the Polygon coin. You can add the funds into your eToro account using your debit/credit card, Paypal, or wire transfer.
Step 5: Search for Polygon (MATIC)
You can use the search feature to look for the Polygon coin with the relevant funds in your account. Click on the trade option to perform the transactions.
Searching for MATIC is the final step in our guide on how to purchase Polygon cryptocurrency with eToro.
Step 6: Trade Polygon MATIC
The eToro platform allows you to add the amount you want to invest or the units you want to buy for the Polygon coin. Once you choose the appropriate option and add the figure, you can click on the “Open Trade” option.
Polygon (MATIC) Prediction Conclusion
We hope you now have a better understanding of what the Polygon coin will be worth in 2023 and in the coming years. While these price predictions might show the Polygon coin as a lucrative option, it is tricky to invest in the Polygon coin or any other cryptocurrency.
The Polygon coin has only been on the market for around 3 to 4 years. Even the crypto space is relatively new for many people, and there is a lot of uncertainty about this asset class. Nevertheless, seeing the current trends, investors can expect a significant increase in the Polygon coin’s value by 2025.
FAQs
Will Polygon (MATIC) be able to hit the $1 mark by 2025?
According to various price prediction tools, the value of 1 Polygon coin will cross the $2 mark by 2025. There is a good chance its value might go higher than that, and it could reach the $3 mark.
Will Polygon (MATIC) be able to hit the $100 mark?
While the Polygon coin has shown incredible growth since its launch, there is a very slim chance it might be able to reach the $100 mark. The price analysis from various prediction tools shows that the Polygon coin value will stay around the $14 to $15 mark by 2030.
Is the future of Polygon (MATIC) bright?
Considering the current growth trajectory of the Polygon coin, its future looks bright. However, there is no way to tell how the crypto coin will perform in the next few years since many factors influence its price.
Is it worth it to invest in Polygon (MATIC)?
Since there are no financial statements or ratio analyses available, it can be difficult to tell whether or not it is worth investing in the Polygon coin. Investors should have a clear strategy for the long and short term to diversify their portfolio and earn good returns on the Polygon coin.
WeInvests is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.
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