Matic (Polygon) Price Prediction and Analysis: 2021-2025
Polygon (MATIC) is a Layer 2 protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Polygon aims at an open and borderless world. It is also the first, well-organized Ethereum scaling and development infrastructure platform. It was formerly known as Matic Network. It is basically a layer 2 scaling solution for the Ethereum Blockchain. Polygon coins itself as, “Ethereum’s internet of Blockchain.” The network offers instant transactions on Ethereum blockchain and intends on solving the few limitations that Ethereum is dealing with.
In this article we will learn about Matic, its price history, how to buy Matic and price prediction of Matic.
What is Matic Coin (Now Polygon)?
Matic is an Ethereum-based layer 2 solution that is created to power the Polygon platform. The token is used for fulfilling a variety of goals in the Polygon ecosystem. The Matic token plays a significant role in securing the system and enabling governance, The native token is meant to solve Ethereum’s scaling limitations regarding high transaction fees and slow speed.
The token has several uses including the following:
- Participating in the ecosystem’s governance by voting on Polygon Improvement Proposals (PIPs)
- Payments for transactions that occur on the Polygon network (Gas-fee functionality)
- Contributing to security, Governance and reward earnings through staking
- Settlement currency for users who operate within the ecosystem
Is Polygon a good coin to invest in?
For anyone who has paid hundreds of dollars for one transaction to buy an NFT or one Uniswap trade knows how costly ETH network can be at times. Ethereum network when congested, the speed of the transaction reduces and the gas cost goes high. To support that, we need layer 2 solutions. Layer 2 solutions provide and is meant to do the exact work, but in another non-congested layer which at a very low transaction cost. Out of many Layer 2s, Matic is one of the most successful. Though it still has miles to go, but one can’t go wrong while betting on layer 2 solutions like Matic. To me, Polygon is surely a good investment, and not a shitcoin.
How to buy Polygon (now Matic) with INR?
You can buy Matic with INR from the following Indian crypto exchanges:
|Buy MATIC with INR||Register Here|
How to buy Polygon (now Matic) with BTC/USD?
You are an experienced trader, and wants to buy Matic with BTC, ETH and USDT you hold, or directly with USD, you can use the following exchanges:
Buy MATIC with BTC/USD
|Coinbase (for US)||Sign up|
Matic coin in recent news
- According to Forbes, Matic is one of the most loved coin right now
- Polygon announced launch of Hackathon on Hackerlink with $100k price
- Dharma revealed that it uses Polygon’s solutions to eliminate gas fees
Matic coin Details
|Token Supply||10,000,000,000 MATIC|
|Current Supply||6,652,300,637 MATIC|
Jaynti Kanani, Sandeep Nailwal and Anurag Arjun
|Release Date||April 2019|
Matic has a total of 10 Billion maximum coins and they are distributed as follows :
- 16% tokens : Team
- 19 % tokens : Sale on Binance Launchpad
- 3.8% tokens : Private sale
- 4% tokens : Advisors
- 12% tokens : Network operations
- 21.86% tokens : Foundation
- 23.33% tokens : Ecosystem
Matic facilitates high throughput rate, scalability, compatibility, security, customization and is also user-friendly. If you are thinking of buying Matic, let me guide you to the list of exchanges where Matic coin is listed.
MATIC Price History
Matic Prices in 2019
The ICO of Matic coin was held in April, 2019. The initial price of MATIC was $0.003471 as listed on 29th April, 2019. The prices saw a major rise in the month of May as the prices hiked up to $0.02945 on 21st May. The early days experienced a little fluctuation and the prices stayed between $0.02 to $0.03 till June.
Further, the prices started to decline and stayed below the range of $0.2 till November. A major hike was noticed at the start of the month of December when the Price of MATIC went as high as $0.0468. The hike was accompanied by a major crash when the prices landed at $0.01207. The year ended on a red note when the price of Matic was recorded at $0.01381.
Matic Prices in 2020
The prices of MATIC remained subtle in 2020. A higher range of volatility was not noticed. The price of MATIC in early January was recorded as $0.01882 and then the prices stayed under the range of $0.02 for most of the year. The month of February witnessed a hike and the prices jumped over the mark of $0.02.
March however, was a big red flag for MATCI as the prices went as low as $0.008. Further, the prices stabilised and picked up the normal range of $0.01. The prices of MATIC remained under $0.02 until May. The altcoin witnessed a slight growth in May which was short-lived. The prices went back to $0.01 in June. The next soaring in prices occurred in August when the prices were recorded as $0.03. At the year ending, the price of MATIC coin was recorded at $0.01763.
Matic Short Term Price Prediction 2021: September, October, November, December
Matic Price Prediction 2021 in USD
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Polygon Matic Price prediction 2021 in INR
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Matic Price Prediction 2022 to 2025
Polygon Matic Price Prediction (in USD): 2022 and 2023
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Polygon Matic Price Prediction in USD: 2024 and 2025
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Matic Long term Price Prediction (in INR)
Polygon Matic Price Forecast in INR: 2022-2023
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Polygon Matic Price Forecast in INR: 2024-2025
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Polygon Matic-USDT Technical Analysis
Matic is a buy call for most of the timeframe: Hourly, Daily, Weekly, Monthly.
Check the latest Matic USDT technical analysis here:
Price Forecast: Polygon Price Prediction in INR: 2021 to 2030
Polygon Prediction by 2021 in INR: Matic is predicted to touch ₹140.5 by the end of 2021.
Matic Price 2022 Prediction in INR: Polygon is predicted to touch ₹199.06 by the end of 2022.
Polygon 2023 Price Prediction in INR: Matic is forecasted to touch ₹616.27 by the end of 2023.
Matic 2024 Price Forecast in INR: Polygon coin is predicted to touch ₹1,216.58 by the end of 2024.
Polygon Prediction by 2025 in INR: Matic Polygon is expected to touch ₹2,461.86 by the end of 2025.
Matic Price Prediction 2030 in INR: Matic coin is predicted to touch ₹7485 by the end of 2030.
Matic Price Prediction 2040 in INR: Polygon is expected to touch ₹27485 by 2040.
FAQ: Polygon (Previously MATIC Coin)
Does MATIC yield good returns?
With lower transaction fees and faster transaction speed, Polygon is expected to boom in the next 5 years. So, one can expect good and stable returns from MATIC.
Is MATIC owned by Binance?
Matic is the native token of the Polygon network. Binance does not own MATIC, it only conducted ICO for MATIC coin on its launchpad program. Binance also trades MATIC coins.
What is the top transaction speed of MATIC?
The highest throughput rate or transaction speed of MATIC coin is 65 thousands transactions per second.
What are the current projects of MATIC?
Polygon is working on 400 new projects which include Battle Racers, Decentralised Games, Borrowing and Lending projects like EasyFi, mStable, Sapien, etc.
What is the future of MATIC?
MATIC has been doing exceptionally well. Aave and Quarter have already started using Polygon as their basic network. Dharma might start using the coin very soon.
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Is MATIC coin a good investment?
Matic has been investing in new projects that are building on Polygon. In other words, it is investing in expanding its own blockchain network. Matic has their own fund that they invest in gaming projects that are being built on Polygon.
The bullish race in the current blooming crypto market would definitely suggest that MATIC is a must have altcoin in your investment portfolio. Considering Ethereum’s popularity, Polygon is also expected to skyrocket in the upcoming years. The network is solving the limitations of Ethereum blockchain and the recent massive blockchain adoption might favour this. Hence, MATIC can be considered as an investment right now.
Polygon’s features, its proof-of-stake mechanism, interoperability and scalability and most importantly its association with Tron signals towards a better and a bright future for MATIC. It is gaining attention from investors and crypto analysts are positive about its potential. It has achieved a lot and is still doing well in the market.
Disclaimer: Matic (Polygon) Price Forecast prices are artificially generated using our AI tool. Please do not consider them to be the final prices. Please do your own research before investing.