Polygon MATIC Price Prediction 2025-2030: Can it go to moon up to $25?
Polygon (MATIC) is a layer 2 ecosystem with strong development and many integrated applications. Let's also analyze whether the matic price will meet investor expectations for the period 2025-2030.
Disclaimer: The data sets shared in the following article are compiled from a collection of online resources and do not reflect our's own research on the subject.
Are you unhappy as a MATIC owner? Well, most likely you.
However, there is good news: you are not alone. In addition, it is likely that there will be more good news in the future due to the general optimism of the market.
Consider this: Crypto Winter saw MATIC drop to as low as $0.324 on June 19, 2022 – its lowest level in over a year.
Does this reversal indicate a bull run or is it a dead cat waiting to blow away unknown investors? In this article, we will look at the events that have affected the price of MATIC and those that will affect its future.
Polygon is arguably the best layer 2 scaling solution for Ethereum. For a project that started in 2017, Polygon has grown quite rapidly. The network has processed over 1.8 billion transactions to date. Sandeep Nailwal and his team wouldn't have expected that they would have over 4 billion of their native MATIC tokens staked within 5 years of launch.
According to PolygonScan , there are over 170 million unique Polygon addresses. This month alone, the network added 2.3 million new addresses, at an average rate of nearly 150,000 per day.
On the other hand, the MATIC YTD chart tells a very different story. Since January, the 12th-ranked cryptocurrency on CoinMarketCap has dropped nearly 68%, falling from $2.58 to $0.82. Part of this loss could be due to the infamous crypto winter that left no crypto.
However, the most recent event that has affected Polygon is the Ethereum merger that has seen the network transition to a proof-of-stake consensus model. The 24hr MATIC volume drop of over 16% shows that investors are staying away from cryptocurrencies to avoid the consequences of a merger, as Polygon is, after all, a layer 2 scaling solution for Ethereum.
At the time of writing, MATIC is trading at $0.82. Market capitalization stands at $6.05 billion with $321.2 million traded in the last 24 hours. With over 142 million unique user addresses and $5 billion in collateral, Polygon PoS has processed over 1.6 billion transactions to date.
2021: Turning point for Polygons
In February 2021, Matic changed its name to Polygon in an effort to provide a scalable version of the Ethereum infrastructure and introduced overlay stacks to incorporate other Layer 2 platforms for transactions. instant, among other things. Polygon retains the name of its original MATIC token. The token continues to grow more than 200% over the next 30 days. Polygon runs on the proof-of-stake consensus protocol and can be described as the best Ethereum Layer 2 scaling solution in the world.
In 2021, the price of MATIC has skyrocketed thanks to Ethereum's growing popularity and growing activity in NFT and game-to-win games like Axie Infinity. MATIC started the year with a modest $0.018 and a market cap of $81 million. At the end of the year, MATIC's market cap hit a whopping $20 billion, with the altcoin hitting an all-time high of $2.92 on Dec.
On May 12, 2021, Ethereum co-founder, Vitalik Buterin, donated $1 billion worth of crypto to India's Covid-19 relief fund set up by Nailwal. This seemingly unrelated event sent MATIC up 145% over the next 48 hours. By May 18, the token had grown from $1.01 to $2.45, a 240% increase.
In May 2021, Polygon made the news after being confirmed by billionaire investor Mark Cuban , who revealed plans to integrate his NFT platform Lazy.com with Polygon. After investing in Polygon, Cuban announced that the Polygon Network is "destroying all others" at the Defi Summit Virtual Conference in June 2021.
Since early 2022, Polygon has secured a number of partnerships, notably with Adobe's Behance, Draftkings and billionaire hedge fund manager Alan Howard to develop the Web3 project. Polygon has partnerships in many different industries. Instagram and Polygon have also collaborated on NFT.
Stripe has launched global crypto payments with Polygon. Fashion brands like Adidas Originals and Prada have launched NFT collections in polygon
Based on the adoption metrics collected, Alchemy described Polygon as the protocol best positioned to power the booming Web3 ecosystem. Alchemy data also shows that, at the time of publication, Polygon hosted more than 19,000 decentralized applications (dApps) on its network.
Citigroup released a report in April 2022, describing Polygon as the AWS of Web3. The report goes on to say that Metaverse's economy is estimated to be worth a whopping $13 trillion by 2030, with most of it built on the Polygon Network. Citigroup also believes that Polygon will be widely adopted thanks to its low transaction fees and developer-friendly ecosystem.
The collapse of the Terra network in May 2022 caused a wave of developers and projects to migrate. Polygon soon announced a multi-million dollar Terra Developers Fund in an effort to support the migration of anyone looking to transform the network. On July 8, Polygon Studios CEO Ryan Wyatt tweeted that over 48 Terra projects have moved to Polygon.
Cryptocurrency exchange Coinbase released a report on August 8, 2022 stating that the future of Layer 2 scaling solutions could be a zero-sum game, alluding to Layer 2 solutions like Polygon can outperform Ethereum in terms of economic performance.
On August 8, 2022, blockchain security form PeckShield reported a withdrawal from the Polygon-based game Dragoma, after the value of its native DMA token plummeted. The same was corroborated by Polygonscan data showing a clear increase in token transfers and transfers on the day of the alleged pullpull resulting in a loss of over $1 million.
In the week after Polygon announced the Gnosis Bridge, MATIC rallied more than 18% to break the key resistance at $1 for a short period of time. This feature paves the way for Web3 pools like the DeFi and DAO protocols to transfer assets between Ethereum and Polygon, with significantly lower gas fees without compromising security.
Figures from the 32nd edition of PolygonInsights , a weekly report published by Polygon that outlines key network metrics, indicate that despite a drop from the $1 mark MATIC had claimed just a week earlier , but all is not well. lost. Weekly NFT volume is at $902 million, up 800% from last week. Meanwhile, active wallets increased 75% to 280,000.
In an industry often criticized for being energy intensive and bad for the environment, Polygon set itself apart by achieving net carbon neutrality after reducing its carbon credits by $400,000. This canceled out the carbon debt accumulated by the network. According to the 'Green Manifesto' published by Polygon , they now plan to achieve carbon negative status by the end of 2022. In fact, they have committed $20 million towards that milestone.
Cercle X, the world's first decentralized application for waste management solutions, announced on August 15 that it has integrated with Polygon to leverage Web3 to digitize the waste process with How to develop a waste management dashboard.
Data from blockchain analytics firm Santiment shows that after the market-wide sell-off triggered by the collapse of Terra, nearly 30% of the supply held by major exchanges (whales) was lost. removed from exchanges, this is corroborated by the visible spike. in the supply held by non-swap addresses, showing that the supply held by non-swap addresses has increased to 806 million MATIC.
However, in mid-June, this transfer was reversed, with investors rushing their MATIC holdings onto exchanges and non-exchange holdings falling by 240 million MATIC.
It is safe to assume that these holdings come from non-exchange addresses, as a sharp drop in the supply they hold could be seen. For over a month, the holdings of shares were inactive in their respective locations, but at the end of July, the supply held by major exchanges fell again, this time to 120 million MATIC. At the same time, non-exchange addresses held a whopping 6.6 billion MATIC.
On August 30, Polygon released the 34th edition of PolygonInsights, a weekly analytical report that publishes key network, dApp, and NFT metrics.
With 817,000 weekly active users, the network recorded a 14% growth, compared to 805,000 active users the previous week. While daily deals are down 3%, deals overall are 12% cheaper than they were last week. The average daily earnings turned out to be $45,100.
The numbers in the NFT division are much more upbeat. The weekly NFT is up 400%, reaching $656 million. The number of new NFT wallets increased by nearly 60% with 60,000 new users registering for the network. Mint events and total NFT transactions are two areas where growth has not been achieved, with both numbers dropping 12% and 9% respectively.
The dApp statistics reveal that Arc8 and SushiSwap are the top two engines among the top 25 protocols. Arc8 registered over 30,000 new users, up 51% from last week. On the other hand, SushiSwap recorded 8,200 new users, reflecting a massive 88% increase from the previous week.
Polygon has a maximum total supply of 10 billion tokens, of which 8 billion are currently in circulation. The remaining 2 billion tokens will be unlocked periodically over the next 4 years and will mainly be disbursed through staking rewards. The initial exchange offering was made on Binance through the Binance Launch Pad to facilitate the sale of 19% of the tokens.
Following is the breakdown of the current supply:
- Polygon Team: 1.6 billion VND
- Poligono Foundation - 2.19 billion VND
- Binance Launchpad: 1.9 billion
- Advisor - 400 million
- Separate sale - 380 million VND
- Ecosystem - 2.33 billion VND
- Reward when participating: 1.2 billion
Understandably, there are a lot of people who are very optimistic about the future of MATIC. For example, some YouTubers believe MATIC will soon be worth $10 on the charts. In fact, he claims that a "glorious" double-digit valuation for the token is inevitable.
“We have seen that Polygon has actually increased the number of NFTs sold. We can see from July, when we sold 50,000 Polygon-based NFTs, to now, we've had... 1.99 million NFTs sold in December on Polygon on OpenSea. That's absolutely massive growth for the Polygon ecosystem. "
MATIC price prediction 2025
After analyzing altcoin price action, crypto experts at Changelly concluded that MATIC should be worth at least $3.39 by 2025. They forecast a peak price of $3.97 la for that year.
According to Telegaon, MATIC should be worth at least $6.93 by 2025, with an average price of $7.18. The maximum price that the platform expects is $9.36.
MATIC price prediction for 2030
Cryptocurrency experts Changelly believes that by 2030, MATIC will trade between $22.74 and $27.07, with an average price of $23.36.
Here, it is worth noting that 2030 is still a long way off. 8 years from now, the crypto market may be affected by a number of different events and updates, it is difficult to define each one. Ergo, predictions like these are best made with a pinch of salt.
However, on the bright side, MATIC's technical indicators are showing a BUY signal at the time of writing. Unsurprisingly, most are optimistic about the fate of altcoins.
MATIC's recovery since the market-wide sell-off in May has been impressive, but the trend could reverse if investors choose to take profits. Especially since many of them have seen their holdings drop due to the ongoing crypto winter and the prospect of going green would be very appealing.
Speaking at Korea Blockchain Week 2022, co-founder Sandeep Nailwal suggested that bearish conditions such as the ongoing crypto winter provide a 'noisy' environment suitable for marketing and revenue get talent. This could mean that Polygon appears on top when the trend reverses and bulls return to control the market.
Crypto experts appear to be divided in the aftermath of the highly anticipated Ethereum merger scheduled for next month. Some believe that when ETH 2.0 arrives, scaling solutions may be redundant or at least less important. Contrasting that are matic's plans to expand to other blockchains, and future interoperability should offset any threat that the Ethereum merger poses.
The other side of experts have argued that the merger will make Ethereum greener by reducing power consumption and by scaling will benefit Layer 2 scaling solutions like Polygon by increasing the power its attractiveness to investors as a friendly cryptocurrency. with the environment. Additionally, MATIC will also be poised to increase in value as the Ethereum merger will not affect its controversially high gas fees, effectively heralding a use case for Polygon.
In a blog post on August 23, the Polygon team addressed community concerns regarding the merger and its impact on the network.
The team assures users that the merger is good news and nothing to worry about. The team went on to explain that while the merger will significantly reduce Ethereum's power consumption, it will not affect gas fees or transaction speeds, which is a major issue for the network. “Network relies on Polygons and other Layer 2 solutions to solve this problem. group added.
The team reiterates that the development of Ethereum will lead to the development of Polygon and that the future of both networks is symbiotic.
This statement from the Ethereum Foundation should help those concerned about the impact of consolidation on the affected polygon network: “The Ethereum ecosystem is so closely linked that layer 2 scaling is the only way to solve the scalability dilemma. while remaining decentralized and secure. . "
When ETH 2.0 arrives, scaling solutions may be redundant or at least less important. The upside is that Polygon has plans to expand to other blockchains, and future interoperability should offset any threat that an Ethereum merger poses.
The main factors that will affect the MATIC price in the coming years are:
- Zero-knowledge EVM Deployment Successfully
- Expansion to new blockchains
- Growth in “hosted dApps”
Predictions are not immune to changing circumstances and will be updated with new developments. However, please note that predictions are not a substitute for research and appraisal.
It's worth noting here that when it comes to social affection, everything is on the positive side for Polygon.
As far as fear and greed indicator goes, it is giving a lot of mixed signals.
Sep 18, 2022