This article is not three following things:
- Not a thorough review of MATIC (but instead an examination of the project’s fundamentals, its past performance on the market and some price trends which we believe might unveil in the future);
- Not financial advice – we just give you information from open resources and urge you to make decisions on your own;
- Neither an endorsement nor a condemnation of the token in question.
However, do read on if you want to find out:
- Should I invest in Polygon MATIC;
- The MATIC price prediction 2022;
- The Polygon MATIC price prediction 2025;
- The MATIC coin price prediction 2030.
What Is Polygon (MATIC)?
To talk sensibly about MATIC, we first have to grasp a general idea about the company that mints it – Polygon.
Polygon is a L2 (layer two) solution built on the Ethereum platform. It stands out among other similar projects due to offering multiple solutions instead of just one: ZK (Zero-knowledge) rollups, standalone side chains, Plasma and PoS.
The ecosystem of Polygon consists of 4 layers:
- The Ethereum layer;
- The security layer;
- The Polygon network layer;
- The execution layer.
Currently, Polygon is one of the leading Blockchain providers. According to its cofounder Mihailo Bjelic, Polygon hosts over 20,000 projects (twice as many as Ethereum had near the time of its launch) and 50 DApps. Polygon prides itself on supporting a wide variety of DeFi protocols and allowing for 65,000 transactions per second. In the future, the project plans to expand to basechains outside Ethereum, turning into an interoperable environment.
The project has three main selling points:
- Implementing cutting-edge technology;
- Allowing for multiple solutions;
- Retaining the Ethereum security.
Although the project was launched back in 2017, it attracted public attention only last year. In summer and fall of 2021, it made much noise in the news: announcing a STARK-based rollup called Miden, merging with EY and Hermez, acquiring the Mir Protocol. Taking into account the sheer speed at which the company introduces new scaling solutions, it’s not surprising that Polygon aspires to surpass Avalanche or even Solana.
The main figures of the project are three prominent Indian blockchain developers:
- Jaynti Kanani as founder and CEO. Full-stack developer, blockchain engineer. Previously worked as a data scientist with Housing.com.
- Sandeep Nailwal as co-founder and COO. Blockchain programmer and entrepreneur. Previously worked as the CEO of Scopeweaver and CTO of Welspun Group.
- Anurag Arjun as co-founder and product manager. Previously worked with IRIS Business, SNL Financial, Dexter Consultancy and Cognizant Technologies.
And now, to the token itself.
Matic is an ERC-20 token running on the Ethereum blockchain. It is used for the following purposes:
– Rewarding stakers (Polygon is built on a Proof-of-Stake mechanism);
– Paying gas fees for services of Polygon;
– Paying gas fees on sidechains of Polygon;
– Serve as a settlement currency between users of different Polygon-based products.
The company plans on expanding the use cases for its token, utilizing it for security purposes and voting within the system.
The token is ranked #17 on CoinMarketCap. Currently, the max supply of 10 billion is fulfilled by 80%. The rest of the tokens are scheduled to be minted every month until the end of the year.
This is the distribution of the tokens as of November 2021:
- 3.8% went away during the initial private launch;
- Another 19% were offered during the launchpad sale;
- 16% are held by the devs;
- 4% belong to the advisers;
- 12% are used for rewarding the stakers;
- 23% are allocated to the project’s ecosystem;
- Finally, 22% are within the Polygon foundation.
Polygon (MATIC) Price Analysis for the Past Several Years
As we can see from the Matic/USD chart, the price of the token stayed virtually the same for the first 1.5 years ($0.004 in May 2019, $0.03 in January 2021).
It started slowly surging in early February 2021, reached a peak of $2.45 on May 18 and an all-time high of $2.8 on December 26. Currently, it’s at $0.6, back to the level of April 2021.
This kind of erratic behavior earned Matic the #11 place on our list of 15 most volatile cryptocurrencies back in 2021.
Polygon (MATIC) Price Prediction for 2022, 2023, 2024, 2025, 2027, 2030
WalletInvestor sees MATIC as strong bearish right now, which is quite understandable factoring in its recent performance: the token lost 78% of its value since the beginning of the year and a whopping 38% last month.
In the next two weeks, the platform predicts a 50% drop ($0.633 to $0.348), but their long-term prognosis is pretty sanguine: $1 in 2023, $2.3 in 2027 (+58% and +263% of return respectively).
The assessment of DigitalCoinPrice is more modest: $1.49 in 2022, $1.73 in 2024 and $2.16 in 2025.
CryptoNewsz is much more optimistic: the platform puts the 2027 price of MATIC at $6.701 with a +420.67% ROI. Their predictions for 2022 are as follows:
- Min price – $1.85;
- Avg price – $1.92;
- Max price – $2.19.
By the end of 2023, the token’s price will increase slightly to $2.25.
Trading Education has the best prognosis for the future of Matic. Their price table looks like this:
- $2.66 – $2.87 in 2022;
- Around $4.40 in 2023;
- $10.11 – $15.13 in 2025;
- $31.20 by in 2027;
- $50.45 – $54.85 in 2030.
Q&A part:
- Is MATIC a scam?
- There are no indicators pointing to that. The company has been around for almost 5 years at this point, and even though their token had fluctuated substantially in terms of the price, it had never seen a drastic decline.
- Should I invest in Matic?
- The predictions of the biggest platforms says so; the technical analysis supports it. It is estimated that the token is being traded near the support level by now.
- Is the forecast presented here reliable?
- No forecast is. And this one is not a substitute for your own research that you should definitely conduct before making any investment decisions.
- Should I stake Matic?
- We put it as #4 on our 2022 crypto staking list, so our answer is yes – a 10.5% reward is fairly decent.
Where should I store my MATICs?
How about Freewallet? We offer:
- A website adapted for OSX, Windows, Linux-based OSs and an app for iOS and Android;
- A cold storage for your assets with 2FA, multisig and transaction limits for protection;
- Buying Matic with your credit card and exchanging it for other crypto;
- Fee-free transactions with other users;
- A 150+ other cryptocurrencies to play around with – BTC, ETH, LTC, XRP, BCH, BNB, XLM and more.
Conclusion
The crypto market is still highly volatile and mostly under regulated. You should consider that before making any investment, and as a golden rule not invest anything you cannot afford to lose.