Polygon (MATIC) Price Prediction 2024-2030: Will MATIC Price Hit $2 Soon? (2024)

• Analysis showed that MATIC could hit a yearly high of $1.89 in 2024.
• By 2025, the price could be $3.22 while the value could drop to $1.80 in 2029.
• While MATIC might attempt to hit $10 in 2030, it could end up trading at $6.32.

Not many tokens from the last bull cycle survived the bear market of 2022. But for Polygon (MATIC), it was able to weather the storm. However, the hype around the project was no longer as high as it used to be, and this has affected the price of its native token MATIC.

Despite that, Polygon continues to improve its network while shipping new features. Because of this, a lot of holders are bullish on MATIC. Is it worth it to be bullish on the token? Well, this Polygon price prediction from 2024 to 2030 will give you an idea.

Polygon (MATIC) Real Time Market Status

What is Polygon (MATIC)?

The project now known as Polygon started with a different name. When it first launched in 2017, the name attached to it was MATIC Network. However, the developers of the project rebranded to Polygon in the early days of 2021.

Today, Polygon is a layer-2 scaling solution on the Ethereum blockchain. Polygon operates on the Proof-of-Stake (PoS) consensus, allowing developers to build an application on the network. To scale Ethereum, the project uses the zero-knowledge (zk) and optimistic rollup.

As a result of this, users can make instant blockchain transactions without worrying about the complexity of scalability. Currently, Polygon allows about 65,000 transactions per block, and this has made it one of the leaders in the Decentralized Finance (DeFi) ecosystem.

In addition, the utility Polygon offers has helped with the adoption of MATIC which is its native token. With MATIC, users can access cheap transactions on the Ethereum base chain and Polygon sidechains as well. Learn more about MATIC’s market condition in the next section.

MATIC Current Market Status

As of this writing, the price of MATIC was $0.71. This value was a 13.66% decrease in the last year. But at different points, the price of the token increased, leading the 30-day performance to bring about a 2.17% increase.

Polygon’s volume, however, dropped in the last 24 hours. CoinMarketCap revealed that the trading volume was $228.17 million at press time. This decline suggested that there was a decrease in the buying and selling of MATIC on the spot market.

In terms of the market cap, Polygon had a value of $7.11 billion, making it the 18th most valuable cryptocurrency. In total, MATIC has a supply of 10 billion tokens, of which 9.87 billion are in circulating supply.

In addition, the token is available on many exchanges including Binance, Coinbase, Bitfinex, Bybit, Upbit, OKX, and more.

Polygon (MATIC) Price Analysis

Here is an overview of the price prediction of MATIC. In this segment, you will learn about the bullish and bearish bias, as well as factors that can influence its price from 2024 to 2030.

Polygon (MATIC) Price Analysis – Bollinger Bands

According to the 4-hour MATIC/USD chart, volatility around the token was increasing. Thus was because of the indication revealed by the Bollinger Bands (BB). At the time of writing, the BB expanded, indicating that the price fluctuations could widen in the short term.

Also, even though MATIC did not record a notable increase recently, the upper band of the indicator tapped the price at $0.72. This indicated that the token was overbought. As such, MATIC’s price might fall to $0.69 in the short term, after which a rebound might appear.

Polygon (MATIC) Price Analysis – Relative Strength Index (RSI)

A look at the chart showed that MATIC was not at the peak of its bullish momentum. This was because the Relative Strength Index (RSI) reading which was at 64.44 earlier had dropped. This indicated that the bullish momentum had subsided.

Considering the decline in buying dominance, MATIC risks falling. In a highly bearish case, the price of the token could drop below $0.70 as indicated by the Bollinger Bands.

Polygon (MATIC) Price Analysis – Moving Average Convergence Divergence

Like the RSI, the Moving Average Convergence Divergence (MACD) tracks momentum. As of this writing, the MACD on the 4-hour MATIC/USD chart was 0.001. Positive values of the indicator suggest increasing upward momentum. Negative readings, on the other hand, indicate bearish dominance.

With this display, it is possible that MATIC could try to key into the $0.74 resistance. However, invalidation might occur if the 26 EMA (orange) flips the 12 EMA (blue) as this might suggest seller dominance.

Polygon (MATIC) Price Prediction 2024

MATIC’s price prediction in 2024 is something that would interest a lot of holders, especially as the price was still down from its all-time high. To analyze this, Coin Edition looked at the daily chart.

According to the chart, the Supetrend presented a sell signal at $0.76. As such, if MATIC hits that point, bears might force a rejection. However, if the price rebounds up to $0.95, it could be a cue for MATIC’s price to rise higher.

Furthermore, the On Balance Volume (OBV) was starting to pick up, indicating a rise in accumulation and buying pressure for the token. If this continues, MATIC’s price could aim for a yearly high in 2024, and the price could reach $1.89.

Polygon (MATIC) Price Prediction – Resistance and Support Levels

As of this writing, the 4-hour chart presented two major support points, as well as two resistance levels. For the support, Coin Editio observed one art $0.67 where bulls are defending the price action.

Also, there was another at $0.70 where bulls took over from bearish dominance, and was instrumental to MATIC’s price increase. However, to the upside, the resistance points appeared at $0.73 and $0.75. If the token closes above these points, MATIC could rise toward $1 in the short term.

Polygon (MATIC) Price Prediction 2025

One factor that can help MATIC is the recently-approved Ethereum spot ETF. Although the ETFs are yet to start trading live, the correlation between ETH and tokens of the layer-2 project could help MATIC soar.

By the look of things, a lot of capital is expected to flow into the ETF in 2025, this could help MATIC’s price increase. Thus, it could trade at $3.22.

Polygon (MATIC) Price Prediction 2026

MATIC’s price might continue to increase in 2026 as hype around the Ethereum ecosystem remains present. Furthermore, the total value locked of assets on the Polygon network could rally to $5 billion. Hence, MATIC could hit $4.30 in 2026.

Polygon (MATIC) Price Prediction 2027

In 2027, MATIC’s price might not continue to jump. Instead, holders of the token might take profits off the cryptocurrency. Should this be the case, the value could plunge, and MATIC could drop to $2.15.

Polygon (MATIC) Price Prediction 2028

MATIC’s price might begin to walk its way back up in 2028. However, the increase does not mean that it would retest $4. But a rise to $3.50 seems possible in 2028.

Polygon (MATIC) Price Prediction 2029

By 2029, the Polygon native token might experience another decrease. This time, it could be mild but it could lose hold on the $3 mark. From our prediction, MATIC’s price could be worth $1.80 in 2029.

Polygon (MATIC) Price Prediction 2030

MATIC’s projected performance in 2030 could be an impressive hike that the market might not expect. By that time, the project might have experienced a surge in demand and optimistic and zk rollups could be mainstream. As such MATIC’s price could be $6.32 in 2030.

Polygon (MATIC) Price Prediction 2040

Crypto adoption is expected to skyrocket in 2040. Because of this, the broader market cap could be more than $10 trillion, and this could impact MATIC positively. With this forecast, MATIC could trade at $10 in 2040.

Polygon (MATIC) Price Prediction 2050

The price of MATIC might experience a downturn in the lead-up to 2050. However, developments and the fundamentals of the project might ensure that the price does not collapse. From the look of things, MATIC could be worth $17.41 in 2050.

Conclusion

To conclude this, it is important to remember that Polygon relies a lot on Ethereum. As such, if ETH lags, there is a chance that MATIC will do the same. On the other hand, a breakout for ETH could bring about a surge in MATIC’s price.

However, there are times when the tokens decouple from one another. But in the long term, these occurrences might be minimal. Therefore, you should keep an eye out for the event on the Polygon ecosystem.

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