Polygon Price Prediction
(MATICUSD)$0.564$0.558 (3.46%)Market Stats and Forecasts
Polygon Description
MATIC is based on the Polygon network and is a native cryptocurrency of 2017. The Matic network is designed to address the scalability issue of the Ethereum network. Polygon is famous for its Layer 2 scaling solution. It offers cheaper and faster transactions than Ethereum’s mainnet. Polygon tackles Ethereum's scalability challenges by utilizing a network of sidechains. These sidechains operate alongside the Ethereum blockchain, handling significant transaction load while inheriting Ethereum's security. MATIC plays a crucial role in this ecosystem.
Users pay transaction fees on Polygon's sidechains using MATIC tokens. These fees are significantly lower compared to Ethereum's mainnet. MATIC token holders can vote to change the network’s protocol. MATIC can be used for gas fees on the Ethereum mainnet, making it convenient for users. As we all know, the crypto market is volatile. It also affects the price of MATIC. Though the price prediction of MATIC is upward, it shouldn’t be considered investment advice.
MATIC networks consume less energy than blockchains like Bitcoin, a massive advantage for MATIC. MATIC can lower the fees of blockchain-based games by speeding up the transaction fee. Advanced blockchain technology can easily track goods via supply champion. MATIC has the potential to resolve the supply chain management issue effectively. The future of MATIC depends on the adaption and development of the Polygon network. .
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Polygon, Our analysis, guided by the machine learning experts, yields forecasts for Polygon price trajectory up to 2024. With a comprehensive understanding of Polygon historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 3 and an error value of 0.59%.
For the year 2024, our analysis indicates a projected yearly low of $0.503, with the high anticipated to reach $0.805. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-01 | 0.564 | 0.576 | 0.594 | 4.44 |
| 2024-07-02 | 0.582 | 0.588 | 0.6 | 5.58 |
| 2024-07-03 | 0.589 | 0.608 | 0.632 | 7.91 |
| 2024-07-04 | 0.583 | 0.601 | 0.625 | 6.72 |
| 2024-07-05 | 0.583 | 0.601 | 0.625 | 6.72 |
| 2024-07-06 | 0.583 | 0.595 | 0.613 | 7.89 |
| 2024-07-07 | 0.589 | 0.608 | 0.626 | 9.08 |
| 2024-07-08 | 0.583 | 0.602 | 0.619 | 7.88 |
| 2024-07-09 | 0.596 | 0.608 | 0.626 | 9.07 |
| 2024-07-10 | 0.596 | 0.622 | 0.646 | 10.27 |
| 2024-07-11 | 0.622 | 0.635 | 0.647 | 12.69 |
| 2024-07-12 | 0.622 | 0.636 | 0.655 | 15.17 |
| 2024-07-13 | 0.629 | 0.649 | 0.674 | 15.17 |
| 2024-07-14 | 0.629 | 0.649 | 0.668 | 15.17 |
| 2024-07-15 | 0.636 | 0.657 | 0.683 | 17.71 |
| 2024-07-16 | 0.636 | 0.65 | 0.669 | 17.71 |
| 2024-07-17 | 0.636 | 0.65 | 0.669 | 17.71 |
| 2024-07-18 | 0.636 | 0.664 | 0.689 | 17.71 |
| 2024-07-19 | 0.657 | 0.663 | 0.677 | 19.00 |
| 2024-07-20 | 0.664 | 0.678 | 0.692 | 21.62 |
| 2024-07-21 | 0.664 | 0.678 | 0.698 | 21.62 |
| 2024-07-22 | 0.671 | 0.685 | 0.699 | 22.96 |
| 2024-07-23 | 0.686 | 0.701 | 0.722 | 25.66 |
| 2024-07-24 | 0.686 | 0.708 | 0.736 | 25.66 |
| 2024-07-25 | 0.679 | 0.701 | 0.729 | 25.66 |
Polygon Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Polygon is forecasted to achieve its peak value in 2025 at approximately $1.26, while potentially dipping to a low of $0.629. The average trading value during this period is projected to hover around $1.12.Polygon Price Prediction 2026
In 2026, Polygon is anticipated to potentially reach its peak value of $1.98, with a possible lower value of $0.96. The average trading value for this period is estimated to be approximately $1.77.Polygon Price Prediction 2027
As we look ahead to 2027, the trajectory of the Polygon coin may offer investors unexpected turns. Projections suggest peaks hitting $3.23 and lows stabilizing around $1.53, with an average trading value resting near $2.84.Polygon Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Polygon coin. Projections point towards a maximum value of $5.41, a minimum of $2.65, and an average value of approximately $4.8.Polygon Price Prediction 2029
Our market analysis indicates optimistic prospects for the Polygon crypto in 2029, with projected peaks at $8.33 and floors at $4.12. Moreover, the average trading value of this coin is anticipated to hover around $7.52.Polygon Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Polygon token. Projections indicate highs near $12.31, potential lows around $6.45, with an average value of about $10.82.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.568 by the Jul 01, 2024. The Relative Strength Index (RSI) stands at 0.6248, indicating a Fall market stance. Overall, while the long-term forecast is Buy.
About matic
Polygon Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Buy
The Polygon is predicted to surge by 10.94% to $0.608 by Jul 09, 2024, though current indicators show a Bullish sentiment with 13 out of 30(43%) green days and a notable -19.12% price volatility over the past month.