Can Polygon Matic Reach $5 and $3?

Can Polygon Matic Reach $5 and $3?

Can Polygon Matic Reach $5: Yes, Matic can reach $5 in the next few years. If Matic gains 50% a year, in the next 5 years, Matic will reach $5.

Can Polygon Matic Reach $3: Matic can reach $3 in the next 5 years provided Matic gains 30% a year.


Can Polygon Matic Reach $5 and $3: What is Polygon?

Polygon MATIC is a layer 2 blockchain that is a solution for Ethereum’s Scaling, Speed, and Transaction Fee issues. Polygon’s fix to these problems makes it a viable scaling solution for Ethereum.

It operates on the Proof of stake mechanism which uses far less energy as compared to the Proof of Work mechanism. Polygon has also stated on its website that it is already carbon neutral. Polygon provides Security as a Service either through Ethereum’s blockchain or through polygon’s own pool of professional validators.

Like the Ethereum blockchain, Polygon also provides widespread utility to the users. Polygon blockchain can be used in developing DeFi (AAVE), Metaverse (Decentraland), NFT(Opensea) and other blockchain dApps.

Can Polygon Matic Reach $5 and $3: What is the Advantage of Using Polygon Blockchain?

The advantages of using Polygon Blockchain are:

  • Funding: Polygon network is well funded. Recently it has raised fresh capital this year that gives the founders the flexibility to build Polygon into a profitable blockchain that drives Matic Token demand even higher.
  • Faster: Polygon has a capacity of processing 7,000 transactions per second which are leaps and bounds faster than the 15 TPS of Ethereum. Additionally, it is believed that despite the ETH 2.0 update MATIC will remain ahead due to constant developments and experimentation in the ecosystem.
  • Energy Consumption: Polygon operates on the Proof of stake mechanism which uses far less energy as compared to the Proof of Work mechanism. Polygon has also stated in its website that it is already carbon neutral.
  • Security: Polygon provides Security as a Service either through Ethereum’s blockchain or through polygon’s own pool of professional validators.
  • GAS Fees: It is stated by the co-founder of ETH that despite the new ETH2.0 the GAS fees will not be decreasing. Here, MATIC takes a lead, since it has placed its transaction fees in the range of $0.0005 to $0.2 which is minuscule compared to ETH’s $12. Polygon has saved more than $140 M in GAS fees till now.
  • Varieties of Scaling Solutions: Polygon has 3 live scaling solutions, 3 under development, and 1 in beta testing which clearly means that Polygon is preparing itself for ETH 2.0.

Read: Polygon Matic Price Prediction 2022, 2025, and 2030: Is Matic One of the BEST Coins to Invest in now?

Can Polygon Matic Reach $5 and $3: What are the Projects Running based on Polygon?

Some of the biggest projects running on Polygon Blockchain are:

  • JellySwap
  • QuickSwap
  • Opacity
  • Mai Finance
  • Impermax
  • gTrade
  • Augur
  • IDEX
  • Aavegotchi

Can Polygon Matic Reach $5: Some Calculations

At the current price Polygon Matic will have to rise 7 times to reach $5. Here is how and by when Matic can reach $5:

ConditionsTime Frame
If Matic Gains 10%In the Next 20 Years
If Matic Gains 20%In the Next 11 Years
If Matic Gains 30%In the Next 7 Years
If Matic Gains 50%In the Next 5 Years

Video Analysis

YouTube video

Can Polygon Matic Reach $3: Some Calculations

ConditionsTime Frame
If Matic Gains 10%In the Next 14 Years
If Matic Gains 20%In the Next 8 Years
If Matic Gains 30%In the Next 5 Years
If Matic Gains 50%In the Next 4 Years

Can Polygon Matic Reach $3: Conclusion

With the development of blockchain technology, cryptocurrency is now no more just about the token but the development of the ecosystem. Polygon in this field has become one of the most important players. Instead of competing against Ethereum, Polygon is placing itself a blockchain to fill the void that ETH or the rest of the blockchains have created.

Polygon has a higher chance of reaching both $3 and $5. Polygon’s all-time high was close to $3, therefore, reaching $3 and $5 will not be a big problem for Matic. However, the current market condition may not be favorable for Polygon to reach $5 or even $3 this year.

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.