Polygon Price Prediction 2022-2026-Will MATIC Price Hit $2.18 by the end of 2022?
Unlike blockchains with scalability challenges, the Polygon blockchain completes 65,000 transactions per second in a chain, and confirms transaction within 2 seconds
Prior to the migration of MATIC to its own blockchain, it was initially launched as an ERC-20 token on the Ethereum blockchain. Over 50 decentralized applications (Dapps) and decentralized finance (Defi) projects had been launched on the Polygon blockchain.
What is Polygon (MATIC)?
MATIC was launched on the Ethereum blockchain in 2017 before it was migrated to its own blockchain in 2019. It was cofounded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun
The total supply of MATIC is 10 billion MATIC and in April 2019 launchpad, only 19% of MATIC’s total supply was sold at a rate of $0.00263 per token and $5 million was raised
Let’s see the Polygon (MATIC) price analysis for the coming years.
Price Analysis of Polygon (MATIC)
Flashback: Fundamental Analysis of MATI
With the very low fees that are used in Polygon blockchain for transaction, there has been an option for top platforms that host the buying and selling of non-fungible tokens to allow the option to use the Polygon network. For example, the OpenSea platform, allows it’s users to create and deploy for Sales NFTs with no fees. This is due to the high gas fees of the Ethereum network. Since the NFT market worth over $40 billion as at January 2022, the Polygon blockchain is attracting a host of projects in the NFT sector
Though the price of MATIC plummet by over 50% from it’s all-time high value: analysts believe that once the blockchain continues to attain it’s Layer 2 goals, the price of MATIC will recover
Now, let’s look at charts to see the price analysis of Polygon (MATIC).
https://www.tradingview.com/x/O83wAzB3
The relative strength index for MATIC from the chart above is 39.44. This value means that the present trend of MATIC is weak since it lies between 30 and 50, though it is approaching the undervalued region of 30.
https://www.tradingview.com/x/ou7S8c7L
The 100-MA is above the 200-MA, which means that the price of MATIC might not give good returns to investors who want to hodl the token for only a few days.
https://www.tradingview.com/x/mBJerIIy
From the chart above, we can see that the jaw which is represented by the blue curve is above and not closer to the green curve called the lips. This means that the present price of MATIC might plummet further.
Now, let’s see the price prediction of Polygon MATIC for the next five years.
Polygon (MATIC) Price Prediction 2022
By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2022, the price of MATIC will be at least $1.15, $1.6, $1.75, and $2.18 respectively.
Polygon (MATIC) Price Prediction 2023
By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023, the price of MATIC will be at least $2.35, $2.6, $2.85, and $3.18 respectively.
Polygon (MATIC) Price Prediction 2024
By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024, the price of MATIC will be at least $3.4, $3.65, $3.75, and $4.12 respectively.
Polygon (MATIC) Price Prediction 2025
By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025, the price of MATIC will be at least $4.15, $4.6, $5.75, and $6 respectively.
Polygon (MATIC) Price Prediction 2026
By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026, the price of MATIC will be at least $6.3, $6.6, $7.5, and $10 respectively.
Polygon (MATIC) Price Prediction: Market Sentiment
Let’s consider the price prediction of MATIC by well-known media platforms.
Gov Capital
According to Gov Capital, the price of MATIC will be $7.47 by next year and $60.7 by February 2027.
Wallet Investor
According to Wallet Investors, the price of Polygon (MATIC) will be $2.96 by March 2023 and $8.9 by March 2027.
DigitalCoin
According to DigitalCoins, the price of MATIC will be $1.96 by 2022, $2.18 by 2023, $2.95 by 2025, and $7 by 2031.
Our Polygon (MATIC) Price Prediction
With the concentration of the Polygon developers in achieving their Layer-2 goals and also the adoption of Polygon in the NFTs market, the price of MATIC will get to $10 by 2026.
Conclusion
From the fundamental analysis, charts, and market sentiments around Polygon, we can deduce that the price of MATIC will be bullish in the future which will reward long-term investors.