Polygon price prediction 2024-2030: Is MATIC going past $10 soon?

Key Takeaways:

• MATIC price faces bearish pressure toward $0.37.
• Polygon price prediction for 2024 expects the price of MATIC to surge toward $1.03.
• By 2030, we expect the MATIC price to record a maximum price of $10.51.

Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts eagerly anticipate the future valuation of its native cryptocurrency, MATIC. This raises the question: Can MATIC price reach $10? 

This forecast for Polygon’s price examines factors such as ecosystem trends, adoption rates, underlying technology, and technical analysis to project the MATIC price prediction from 2024 to 2030.

Overview

MATIC price prediction: Technical analysis 

MATIC price faces bearish pressure around $0.37

• MATIC price analysis shows a bearish pressure around $0.37
• Resistance for MATIC is present at $0.393
• Support for MATIC/USD is present at $0.364

The MATIC price analysis for 9 October confirms that MATIC faces bearish pressure around $0.37. However, the bulls are currently aiming for a surge above Fib channels.

MATIC price analysis 1-day chart: Polygon aims for a quick recovery

MATIC witnessed a bearish rally after bears successfully pushed the altcoin below immediate Fib levels. Over the last 24 hours, the price has been declining toward $0.37. The 24-hour volume surged to $10.2K, showing increased interest in trading activity. The price is trading at $0.37, dropping by over 1.9% in the last 24 hours.

The RSI-14 trend line has declined from its previous level and currently hovers around 37, showing that bulls are slowly losing price momentum. The SMA-14 level suggests upward volatility in the next few hours.

MATIC/USD 4-hour price chart: Bulls aim for a hold above EMA trend lines

The 4-hour MATIC price chart suggests MATIC continues to experience bearish activity around EMA lines, creating a negative sentiment on the price chart. As the price continues to face resistance near the immediate Fib level, bulls aim to prevent further declines by holding the price around EMA20.

The BoP indicator trades in a negative region at 0.84, hinting that sellers are trying to build pressure near support levels and boost a downward correction.

Additionally, the MACD trend line has formed red candles below the signal line, and the indicator aims for a negative momentum, strengthening selling positions.

MATIC technical indicators: Levels and action

Daily Simple Moving Average (SMA)

Daily Exponential Moving Average (EMA)

What to expect from MATIC price analysis next?

The hourly price chart confirms bears are making efforts to prevent the MATIC price from an immediate surge. However, if MATIC’s price successfully breaks above $0.393, it may surge higher and touch the resistance at $0.4418.

If bulls cannot initiate a surge, MATIC’s price may drop below the immediate support line at $0.364, resulting in a correction to $0.3427. 

Is MATIC a good investment?

MATIC token can be a good investment option in the long run as the project develops a roadmap for its Polygon 2.0 version. Polygon collaborates with diverse industries to enhance adoption, focusing on NFT solutions and Ethereum scalability. Partnerships include Starbucks for an NFT loyalty program and collaborations with Adidas, Prada, and Disney to develop NFT offerings.

Why is Matic price down today?

The MATIC price is experiencing an intense selloff, dropping to $0.4. The overall selling sentiment in the market triggered this decline. 

Will Matic price recover?

If buyers successfully defend the current bearish trend, we might see a strong pullback, and MATIC price might rebound above $0.5. 

Will MATIC price touch $1?

Yes, Matic price might touch the $1 milestone by the end of 2024. However, this depends on the future market sentiment and buying demand. 

Will MATIC Price Reach $10? 

If everything remains good and MATIC gains regulatory recognition, its price might surpass $10 by 2030. 

Is MATIC a good long-term investment? 

As Polygon continues to expand its offerings, it gains a significant position in the altcoin market. Hence, MATIC can be a good long-term investment option. 

Recent news/ Opinions on MATIC

• Polygon records new ATH in daily active addresses, suggesting continuous adoption of the network.

MATIC price prediction September 2024

The Bitcoin halving event failed to push the prices of several altcoins, including MATIC. Despite the Polygon 2.0 update, MATIC’s price continues struggling to regain momentum above the $1 mark.

However, analysts expect a steady surge in crypto market prices following a bearish August. We expect MATIC to record a minimum price of $0.34 and a maximum price of $0.61, with an average of $0.5 in September.

MATIC price prediction 2024

Following the Bitcoin halving in April, analysts expect a bull market in 2024, especially with institutions rushing for Bitcoin spot ETF approvals. This anticipation suggests Polygon might hold an upward trend in 2024, though regulatory uncertainties could halt its growth, as seen with XRP in the previous bull run due to an SEC lawsuit.

Yet, MATIC, integral to Polygon’s ecosystem, may be deemed a currency or commodity rather than a security, given its utility in paying gas fees. Notably, Polygon boasts the highest enterprise adoption among Ethereum scaling solutions, with major players like Starbucks, Nike, Reddit, and Facebook building on its network. This suggests that corporate interest could trigger Polygon’s bullish momentum in the 2024 market despite regulatory concerns.

See also  Monero price prediction 2024-2030: Should you buy XMR now?

Based on our thorough technical analysis of MATIC’s historical price data, we anticipate Polygon’s price in 2024 to range between a minimum of $0.9012 and a maximum of $1.03, with an average trading price around $0.9298.

MATIC Price Predictions 2025-2030

Polygon price prediction 2025

Ethereum fees increase dramatically during a bull market, making it too expensive for regular cryptocurrency users. That’s why Polygon became popular during the last bull market. But this time, in 2025, Polygon has tougher competition from Arbitrum, Optimism, and Starknet.

However, Polygon’s Proof of Stake (PoS) chain can handle up to 65,000 transactions per second (TPS) and is cheaper than chains like Arbitrum and Optimism. Hence, increasing adoption might drive up its price in 2025.

In 2025, the price of Polygon is forecasted to reach a minimum level of $1.34. It’s anticipated to achieve a maximum level of $1.57, with an average price of $1.39 throughout the year.

MATIC price forecast for 2026

Polygon has made PolygonzkEVM available to everyone, making it one of the first ZK Rollups to do so. This is a big step forward for Polygon and gives it an advantage.

With its growing use by businesses, innovative technology, and past success, Polygon could reach a new all-time high in 2026.

According to the forecast and technical analysis, Polygon’s price is expected to hit a minimum of $2.07 in 2026. The maximum price projection is $2.39, with an average value of $2.12.

Polygon (MATIC) price prediction 2027

In 2027, one Polygon is anticipated to reach a minimum price of $3.03. The maximum projection for MATIC price is $3.60, with an average price of $3.11 for the year.

Polygon price prediction 2028

For 2028, the price of Polygon is predicted to attain a minimum value of $4.28. The maximum value could soar to $5.36, with an average trading price of $4.43 throughout the year.

Polygon price prediction 2029

In 2029, Polygon’s price is forecasted to bottom out at $6.08. The maximum possible level for MATIC price could hit $7.41, with an average forecast price of $6.26.

Polygon (MATIC) price prediction 2030

Looking ahead to 2030, Polygon’s price is expected to reach a minimum of $8.93. The maximum projection is $10.51, with an average trading price of $9.18.

MATIC price prediction by experts

Cryptopolitan’s MATIC price prediction

Cryptopolitan is bullish on MATIC’s future market potential. We anticipate Polygon’s price in 2024 to range between a minimum of $0.9012 and a maximum of $1.03, with an average trading price of around $0.9298.

However, its future market sentiment entirely depends on the SEC’s stance, global regulation, and investor interest.

MATIC historic price sentiment

• MATIC debuted in 2019, initially valued below a cent.
• Maintained a steady level around $0.02 for the following two years.
• The transformation of MATIC into Polygon in 2021 led to significant growth.
• Surged past the $1 mark in May 2021, eventually peaking over $2.
• Notably, on December 27, 2021, Polygon reached an all-time high of $2.92.
• However, in 2022, the token struggled, dipping below $1 in May.
• It experienced several market crashes throughout the year, falling below $0.50 in June.
• There was a brief resurgence above $1 in August.
• By the end of 2022, Polygon closed at $0.7585, reflecting a significant 70% decline.
• The following year, 2023, saw mixed performance for Polygon.
• It broke the $1 threshold in February but faced setbacks, such as dropping to $0.5593 in June due to Crypto.com news.
• Nonetheless, it peaked at $0.8775 on July 13.
• The token then experienced a decline to $0.4946 on September 11.
• Recovering momentum, it reached $0.9789 on November 14.
• As of January 16, 2024, Polygon was trading at approximately $0.8514. 
• However, the price slowly recovered and recorded a high of $1.4 in March. 
• In the weeks of April and May, MATIC price declined heavily and consolidated below $0.8.  
• In June and July, the price of MATIC declined heavily as it headed toward $0.4. 
• In recent weeks of August, the price of Matic has been consolidating between $0.4-$0.6.  
• By the end of September, the price of Matic attempted to surge above $0.45. 

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