Matic Price Prediction $100 and $1000

Matic Price Prediction $100 and $1000

Matic Price Prediction: The current momentum of Polygon Matic is bullish and the recommendation is Buy for the next 24 hours. Matic Price is predicted to remain below $1.5

Matic Price Prediction $100 It is possible for Polygon Matic to reach $100 over the next 18 years.

Can Matic reach $1000? In Theory, it is feasible but there are numerous practical challenges

Polygon Price Prediction 2023 is $1.8.


Latest Polygon Matic Price

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.

Matic Performance in 2022

  • Last 1 Month: -7.5%
  • Last 3 Months: -5.4%
  • YTD: -66.6%

Matic Price versus Trading Volume

Matic gained substantially in the first week of November but with the FTX crash, Matic suffered. The trading volume crashed after November 10th and Matic has been trading below the 30-day moving average.

The price of Matic has remained steady for some time but in the last 24 hours there has been a marginal rise in the price of Matic.

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Matic Technical Analysis

RSI and Fear and Greed

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RSI: Matic price is trading positively but the price remains below $1. The 14-day RSI is moving closer to the over-purchased territory. Matic price will experience a surge but the surge may not be an extreme one. Once it enters the over-purchased territory, there are higher chances of bears pulling the price down. Currently, the RSI is at 63.56 with resistance close to 50.

Fear and Greed: The Fear and Greed index for Polygon is 52.90. Polygon is over the fear zone and with more buyers’ participation, the index changed to Greed. Matic currently has enough room before the F&G index enters the Extreme greed territory. At this level, there are higher chances of the traders finding a good opportunity to Sell. The Extreme Greed level is a good selling opportunity for short-term traders.

Matic Technical Analysis Using Moving Average

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Matic price is moving above the 50-day moving average (black line) and has converged with the 200-day moving average (Green line). This movement of the Matic price is a good opportunity for both short-term and long-term buyers.

Matic currently faces the first level of resistance at $$0.951 and the support is at $0.871. If Matic breaches this support level, we can expect the price of Matic to go over $1 before it faces the second level of resistance at $1.06.

However, in case of a pullback below $0.871, the price level at $0.821 will serve as support.

Recommendation: Considering multiple price indicators, Matic is headed for a surge. However, the bears will be looking for an opportunity to enter the market and pull the price lower.

Current momentum is Bullish and our trade recommendation is a Buy.

Matic Price Prediction $100: How is Polygon Different From Others?

Polygon MATIC is a layer 2 blockchain that is a solution for Ethereum’s Scaling, Speed, and Transaction Fee issues. Polygon’s fundamental thought was not to be an Ethereum killer but to act as a bridge for Ethereum’s other blockchains to execute a transaction faster. Here are a few features that differentiated Polygon Matic From Others:

  • 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.
  • 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.
  • Polygon provides Security as a Service either through Ethereum’s blockchain or through polygon’s own pool of professional validators.
  • 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.

What is Polygon?

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Polygon Price Prediction Today

Overall OutlookNeutral
1. Market's WisdomPartially Negative
1a. Market DataPartially Negative
1b. Technical RecommendationNeutral
2. Crowd's WisdomPartially Positive
2a. Social Media BuzzHigher
2b. Social Media SentimentNeutral

Can Polygon reach $100? What are the Hurdles for Polygon Matic To Reach $100?

  • Despite being one of the most attractive blockchian networks, there are some hurdles that could derail the journey of Matic to reach $1000. Polygon’s biggest competitor is Ethereum and with the way ETH is marching ahead, there may be a time when most of the cryptos will move to the Ethereum blockchain.
  • Despite Polygon MATIC positioning itself as a solution for Ethereum’s Scaling, Speed, and Transaction Fee issues, the less adoption of Polygon may become a barrier to its rise.
  • It must be noted that Polygon has not been able to build a consumer connection on par with say Shiba Inu or Dogecoin. Specifically in the United States. While this has improved over the last few months, it hasn’t reached the same levels as Shiba Inu while just about matching Dogecoin. Given Dogecoin’s use cases, Matic is clearly underperforming.

Polygon is one of the most innovative and well-funded projects. Like all, it has some drawbacks but the advantages of the Polygon blockchain outsmart the drawbacks. Polygon has a bright future and the rise of Polygon is eminent. However, it needs nearly 20 years to reach $1000 and it has no burn program at the moment to reduce that time. It is almost impossible to forecast 50% growth a year for the next 18 years. At the moment, we predict it is impossible for Polygon to reach $1000.

However, Polygon is well placed to reach $100 by 2040.

Can Matic reach $1000 or even $100? Before we get into the detailed analysis, let us understand Polygon as an investment.

Is Polygon a Good Investment?

While Polygon has been a more volatile asset, it has substantial momentum behind it.

  • 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.
  • Polygon’s fundamental thought was not to be an Ethereum killer but to act as a bridge for Ethereum to execute a transaction faster. Polygon is meant to extend the advantages of Ethereum’s security and ecosystem to all without depending on the ETH blockchain.
  • 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 Ethereum Merge update MATIC will remain ahead due to constant developments and experimentation in the ecosystem.
  • 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 Merge 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.

Can Matic reach $100?

To reach $100, Polygon will need to rise 90x

  • Ethereum went from $2 to $200 in less than 2 years
  • Binance went from $1 to $100 in less than 4 years
  • BTC went from $100 to $10000 in less than 4 years

At $100, Polygon Matic’s Market Cap will be $872 B, not an impossible number in the long run.

If Matic were to rise 30% a year, it would take it 18 years to reach $100. That would be the year 2040. Given how liquidity patterns change when adoption rates go up, this could be achieved much faster than in 2041.

Can Polygon reach $1000? How and When Matic Will Reach $1000?

Given the amount of time it would take to reach $100, it is inevitable that $1000 will be that much more difficult. At $1000, the market cap would be a daunting $8.7 Trillion.

If Matic were to rise 20% a year, it would take it 31 years to reach $1000. That would be the year 2053. It is almost impossible to deliver such a long-range forecast accurately.

Matic Future

Matic Price Prediction 2023

Matic Price Prediction 2023: The Maximum Matic Price Prediction for 2023 is $1.8. Matic is likely to continue to mount a recovery for the rest of the year given its strong focus on driving usage and business viability. Strong recommendations from respected folks like Shark Kevin O’Leary Shark Tank’s other Shark Mark Cuban had invested in Polygon in 2021.

Matic Price Prediction 2025

The Maximum Matic Price Prediction for 2025 is $3.1.

Polygon Matic Price Prediction 2030

The Maximum Matic Price Prediction for 2030 is $12.2. Polygon Matic Price is expected to rise nearly 12-fold in 8 years as it is likely to be a major beneficiary of the massive adoption of Blockchain over the next 10 years.

Polygon Matic Price Prediction: What is the Use of Matic Token?

Matic is the Token that powers the Polygon blockchain. It is used to govern and secure the Polygon network and to pay network transaction fees.

Its finite supply makes Matic unique. There are around 10 billion MATIC and the circulating supply is 7.5 billion of that 10 billion. Matic Price tends to move higher or lower depending on the demand and usage of the Polygon Blockchain

Polygon Price Prediction: Where to Buy Polygon Matic?

There are multiple crypto exchanges offering Polygon MATIC tokens. Here are some of the best-known exchanges offering Polygon tokens for trade are Binance, BiONE, UniSwap, WhiteBIT, ZebPay, Coinbase Pro, Huobi Global, Hotbit, etc.

Polygon Price Prediction

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.

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.

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