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Polygon Price Prediction

(MATICUSD)$0.592$0.615 (-4.61%)
30 days Prediction
3 months Prediction
6 months Prediction
1 year Prediction
2025 Prediction
2030 Prediction

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.

Sentiment: Neutral

Signal: Neutral

The Polygon is predicted to surge by 24.75% to $0.699 by Jun 21, 2024, though current indicators show a Neutral sentiment with 12 out of 30(40%) green days and a notable -9.87% price volatility over the past month.

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 $0.611, with the high anticipated to reach $1.07. 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


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 $1.53, while potentially dipping to a low of $0.83. The average trading value during this period is projected to hover around $1.34.

Polygon Price Prediction 2026

In 2026, Polygon is anticipated to potentially reach its peak value of $2.39, with a possible lower value of $1.23. The average trading value for this period is estimated to be approximately $2.13.

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 $3.86 and lows stabilizing around $1.82, with an average trading value resting near $3.44.

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 $5.91, a minimum of $3.15, and an average value of approximately $5.15.

Polygon Price Prediction 2029

Our market analysis indicates optimistic prospects for the Polygon crypto in 2029, with projected peaks at $8.23 and floors at $4.49. Moreover, the average trading value of this coin is anticipated to hover around $7.34.

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 $12.36, potential lows around $6.67, with an average value of about $11.08.

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 $0.62 by the Jun 17, 2024. The Relative Strength Index (RSI) stands at 0.6323, indicating a Fall market stance. Overall, while the long-term forecast is Neutral.

About matic

The daily trading volume of Polygon stands at 0.592 over the last 24 hours, indicating a -4.61258% decrease compared to the previous day. This uptick suggests a recent surge in market activity for Polygon.

Polygon Price Prediction FAQ

Our latest projection, guided by machine learning analysis, anticipates Polygon Coin to reach $0.766 by Aug, 2024.