Polygon(MATIC) Price Prediction, Will The Price $5 By 2021?


Matic Network is the emerging cryptocurrency working on scalability blockchain platform. It processes secured, expandable and instant transactions powered by Proof of Stake side chains. It provides free Ethereum based cryptographic token transfers and payments. 

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Do you know? Matic Network is now rebranded to Polygon.

With an intensified bullish rally, MATIC attracted many new and strong hands, and as a result, the price rallied like a giant.And therefore, new retail traders look at Matic as one of the profitable investments in coming days.

Are you among the traders who share the same thought? This piece of writing is meant to provide you the in depth information on Matic Price Prediction for 2021 and beyond.

Overview

Cryptocurrency Polygon (Matic Netwrok)
Token MATIC
Price(At the Press time) $0.8022
Market Capitalization $4,162,996,418
Circulating Supply 5,188,388,130 MATIC
All Time High $0.8933 (April 28, 2021)
All Time Low $0.003012 (May 09, 2019)

What is Polygon Network (MATIC) ?

Matic Network is a layer-2 scaling platform that facilitates fast and secure off chain transactions for payments and generalized off chain smart contracts. It is a scaling solution for the Ethereum network. It allows Ethereum based transactions to be processed quickly using innovative protocols.

Founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, the Matic token is specifically used for staking and building user experience. polygon employs the plasma to develop decentralized applications. Plasma is a specific framework for easily creating decentralized applications that can interact seamlessly with each other. 

Matic recently announced their transfer into Polygon. Basically, the Matic network is called Polygon now, however, the coin powering the network is still MATIC.

Also Read: Bancor Network Token Price Prediction, Will BNT Price Hit $10 by 2021?

MATIC Price Prediction 2021

Matic continued to trade at $0.0018 by early January 2021. Keeping the bullish momentum intact, the price eventually hit an All-Time high reaching the $1.80 mark on May 15th. The surge was followed after Ethereum scaling solution integrated numerous popular decentralized finance (DeFi ) projects and the number of transactions it processes per day skyrocketed.

According to data from a MATIC network explorer, Polygon has now processed over 62.4 million transactions and has nearly 700,000 wallet addresses. Per day, it’s processing 3.3 million transactions, each costing less than once cent paid in the cryptocurrency. In contrast, the cost for transactions on the Ethereum blockchain hit a new all-time high this week above $64 on average,

If Polygon investors successfully surmount the notable resistance around $2.00, the next upside target for MATIC price is the 361.8% extension of the May consolidation at $3.01,

Overall, certain collaborations may result in enhancement of its protocol as well as the platform. The Matic might sink to as low as $0.2 if it fails to reach the users. The token might reach newer heights if it focuses on attaining more users and investors. At the end of 2021, Matic might be traded at the $5 mark.

MATIC Price Prediction 2022

Matic might resume the trade at $1.25 during the start of January 2022. The price might reach newer heights if it gains the attention of the investors. The token might decline to $0.55 if the currency comes across supply pressure. By the end of 2022, the altcoin might be exchanged at $15.

Price Prediction For Next 5 Years

In 5 years, Matic could hit a new high by breaking its previous price records and it is anticipated to be in the top 50 cryptocurrencies list. Several inbound developments and partnerships might lead to its growth. The token might crash if bears go on pulling the prices down. The price might fall to $3.15. By the end of 5 years, if everything goes well, MATIC price could trade at the $50 mark.

Polygon (MATIC) Market Prediction

Gov.capital

According to Gov.capital, Matic would trade around $0.087975 by the end of 2021 and $0.483 at the end of 2025.

Capital.com

Capital.com predicts one of the interesting predictions as according to their prediction, Matic could exchange more than $1 at the end of 2025,and would be trading more than $1.5 by the end of 2028.

DigitalCoinPrice

According to DigitalCoinPrice, Matic is anticipated to trade at an average of $0.6537 by the end of 2021 and could exchange at $1.24 at the end of 2025.

Cryptonewz

According to this platform, Matic price is expected to hit the milestone at $1 by the end of 2021 and reach $1.3 by 2022. 

Our MATIC Price Prediction

With a price of $0.0018, Matic initiated the year 2021. Further, the price started to rise. The community might collaborate with certain projects and startups for the betterment of the protocol. As Matic comprises unique features such as scalability, security it may enhance its user base and it might hit a new all-time high. The price might drop to $0.08 if it comes across any turbulences. At the end of 2021, the altcoin might be traded at $2, but in a coming couple of months, the price may hit the milestone at $10.

Also Read: PundiX (NPXS) Price Prediction, How High Will The Price Go In 2021?

Historic Market Sentiments

2019

Matic network initiated its journey on the crypto sphere on 29 April 2019 with a price of $0.004. The token steadily started to rise after. With certain variations, the price hit a high of $0.03 by the end of May and further declined to $0.01 by early June. Later, the token continued to remain stable at a price of $0.02 till the end of July. 

Interestingly, the token plunged to $0.01 by early August and resumed to be in the same price level with minor variations until November. Effectively, Matic spiked to $0.04 by early December as it gained the attention of the investors. Tremendously, the token declined to $0.01 by mid December. At the end of 2019 Matic was trading at $0.014. 

2020

On a bearish note, the Matic continued to trade at $0.014 during the dawn of January 2020. Later, the price started to variate and reached $0.02 by February. Dramatically, the token sank to $0.006 by mid March as the crypto market crashed due to Covid-19 outbreak. Further the price started to recover and reclaimed its resistance level at $0.025 by the end of May. Further the token hit $0.031 by mid August and plunged to $0.012 during the start of November. At the end of December 2020, Matic was exchanging at $0.017.

FAQ

Can Matic reach $5?

Both fundamental and technical analyses show good potential for the MATIC token to hit $5 in 2021.

What is the time taken by Matic network to process a transaction? 

The transaction can be processed in 1 second or less in the Matic network.

Which is the consensus algorithm used by Matic network?

Matic network uses the Proof of Stake consensus algorithm and Plasma framework.

Is Matic Network a good investment?

Although there are different price targets regarding MATIC’s future performance, almost all of them are bullish. MATIC is considered a good investment option in 2021 and beyond.



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