Can Matic Reach $100, $1000? Polygon Price Prediction 2024-2030

Article Coverage: Past Performance, Latest News, Polygon Matic Price Prediction Today, Is Polygon Matic a Good Investment, Will Polygon Matic reach $100, $1000, $10000, Polygon Matic Price Prediction 2024-2030

Polygon Matic – Buy or Sell Poll

• Jan 5th: +51.0%
• Feb 19th: +54.0%
• Feb 26th: +50.9%
• March 3rd: +51.0%
• April 5th: +50.0%
• April 12th: +47.0%

What are the Signals and Predictions?

Matic is undergoing a price pullback and it has failed to find stable support. For MATIC $0.85 will be an important level and failure to hold above this will likely result in the MATIC price falling below $0.80. The $0.75 price level could be a potential support for MATIC in the event of the price falling below $0.80.

In terms of resistance, $1 will be the psychological resistance for the asset. If MATIC finds enough support to break out this resistance, it will likely reach $1.3. However, it is unlikely for MATIC to reach this level this week. Technically, MATIC is bearish and our trade recommendation is to hold.

As of now, there are around 650K MATIC token holders while the top 100 wallets hold around 85% of the total MATIC token supply. Among the whales holding the MATIC, the wallet address 0x4c569c1e541A19132AC893748E0ad54C7c989FF4 holds around 0.60% of the total MATIC circulation. The wallet holds only 3 assets along with MATIC. The other two assets in the wallet are Ethereum and MTV tokens.

The Whale holds 168.82M Matic tokens worth $150 M. At current price, the overall loss incurred by the Whale is around 4.75%. The first MATIC transaction carried by the wallet was back in December 2022 when the Wallet added 1 MATIC to its holding. The latest transaction was on April 11th, 2024 when the Whale transferred 2M MATIC tokens from its Wallet to a Wallet address 0x618fC2b2F2D0Db4A46F76d763c3fdc53B59F34E1. Overall at current price, the Whale has incurred an overall loss on its MATIC holding.

Influencers Price Target:

• Astrones2: $5.0
• CryptoFaibik: $3.80
• ChartingGuy: $4
• cryptclay: $12
• Crypto Patel: $10-$15

• Matic Price Prediction in the next 24 hours is between $0.702 and $0.726
• Matic Price Prediction this week is between $0.687 and $0.763

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Manta Price Prediction 2024-2030

Polygon Matic Price Prediction 2024-2025-2030, Aggregated

• Matic Price Prediction 2024 is $1.23
• Matic Price Prediction 2025 is $1.94
• Matic Price Prediction 2026 is $2.64
• Matic Price Prediction 2027 is $3.34
• Matic Price Prediction 2028 is $4.40
• Matic Price Prediction 2029 is $6.47
• Matic Price Prediction 2030 is $9.17

Mantle Price Prediction 2024-2030

Polygon Price Prediction: Can Polygon Reach $100?

Yes, Polygon Matic could reach $100 if 75-90% of the Tokens are destroyed.

To reach $100, Polygon will need to rise 114 times from its current price.

• 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 $990.0 B, not an impossible number in the long run.

If Matic were to rise 25% a year, it would take it 20.5 years to reach $100. That would be the year 2045. It is impossible to predict so far out from today. Overall, one could say Polygon Matic has a moderate chance of reaching $100

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Matic Price Prediction: Can Polygon Reach $1000?

No, Polygon Matic will not be able to reach $1000 even if a significant number of the Tokens were destroyed.

Given the amount of time it would take to reach $100, $1000 will inevitably be that much more difficult. At $1000, the market cap would be a daunting $9.9 Trillion.

If Matic were to rise 25% a year, it would take it 32 years to reach $1000. That would be the year 2055. It is almost impossible to deliver such a long-range forecast accurately.

• Despite being one of the most attractive blockchain networks, some hurdles 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 Polygon can’t reach $1000.

• Bitcoin Price Prediction

Will MATIC Reach $10000? Detailed Analysis

For MATIC to reach $10,000, it would need to increase by a factor of 114k. At $10,000, MATIC’s Market Cap will be $99.1 Trillion. If it were to grow at a rate of 25% each year, it would take about 41 years to reach $10,000. Let us evaluate this data

• Quality of Investment– Moderate
• Growth required to reach $10,000– Not Feasible
• Market Cap at $10,000– Not Feasible

Considering the Quality of Investment, growth required, and time required, MATIC has no chance of reaching $10,000.

Can Polygon Matic Reach $50, $10?

Polygon burn updates

A total of 25617498.21 MATIC are burnt to date and 2428862.16 MATIC token burns are in progress.

Polygon proposal updates

PIP-29: Polygon Protocol Council: This proposal introduces the Protocol Council, a governing body tasked with overseeing routine and urgent updates to system smart contracts. These contracts constitute essential components of the Polygon protocols, executed through Ethereum’s smart contract framework.

How To Buy MATIC Tokens?

MATIC tokens can be purchased in the following three steps:

• The first step is to select a crypto exchange from which you wish to make a purchase.
• After setting up the account in that exchange, choose the mode of payment (i.e., either through fiat currency or using other cryptocurrencies).
• In the third step, you need to make a swap of tokens with your selected mode of payment and then store the tokens in a crypto wallet.

Where Can I Buy MATIC Crypto?

Polygon Matic can be bought on numerous centralized and decentralized crypto exchanges including Binance, Coinbase, KuCoin, Kraken, Bitfinex, Bitstamp, and Uniswap.

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.