• News
  • Entertainment
    • Movies
    • Hollywood
    • Bollywood
    • Technology
    • Music
    • Deals
    • Games
    • Fashion
  • Finance
  • Crypto
  • Casino

Matic Price Prediction - Is It A Good Long-Term Investment?

16.8KShares
252.1KViews

Even though the token used in the framework, which intends to improve interoperability between the Ethereum blockchain and compatible networks, had a rough December, its price has risen 30% in the last week.

The revelation that Uniswap, a mechanism for swapping cryptocurrency, is now live on Polygon may have given the last push. "All Uniswap V3 contracts are already deployed to the Polygon PoS mainnet, and Polygon is now supported in the official Uniswap interface," the announcement stated.

Polygon's recognition, a return to the original promise of Ethereum, and a stronger Polygon DeFi ecosystem are all reasons why the organization sees this as a milestone.

Now you might ask, where is MATIC headed?

What Is Matic?

COPYRIGHT_BP: Published on https://bingepost.com/matic-price-prediction/ by - on 2022-01-11T06:52:44.544Z

To increase Ethereum's scalability and interoperability, the layer-2 network Polygon was formerly known as Matic Network (until its rebranding in February 2021).

An easy-to-use platform for Ethereum scalability and infrastructure development is what Polygon calls "Ethereum's internet of blockchains."

It is Polygon's goal to improve Ethereum's user experience (delayed transactions), throughput, and lack of community control by implementing a new sidechain solution on top of the Ethereum network.

MATIC Price History

Matic and polygon logo
Matic and polygon logo

This year, MATIC has outperformed several other cryptocurrencies. The price has increased from $0.01 on January 1st, 2021 to $2.16 at the present time (16 December).

During a four-week period beginning on April 20, 2021, MATIC, Polygon's native token, rose from $0.34 to an all-time high of $2.68 on May 18, 2021.

On 23 May 2021, MATIC fell to $1.09, before rebounding to $2.21 on 26 May 2021. By 20 July 2021, the token's value had dropped to $0.69, but since then, it has seen a surge in demand.

The MATIC price has risen to a new all-time high of $2.13 at the end of October. Since then, the token's value has fallen from $2.13 on October 28 to $1.58 in November 2021. It hit a new all-time high of $2.7 in December.

In what's left of 2021 and beyond, will the MATIC token be able to break out of its recent slump and regain positive momentum?

Trades should keep an eye on a number of support and resistance levels based on this year's Matic to USD prediction.

According to CoinCodex, the next level of support is at $2.31, followed by $2.24, as on December 23, 2018. The $2.64 and $2.78 levels of resistance are the first to come into play. Predictions for Polygon's stock price were optimistic, with 26 technical indicators indicating a positive outlook, and no negative signs.

MATIC Price Prediction

For the remainder of the year and beyond, some algorithm-based forecasting firms have shared MATIC crypto price estimates as early as December 16.

GovCapital expects MATIC to begin the year at $2.04 and conclude it at $3.94. Then, by the end of 2023, it might reach $5.79, and by the end of 2025, $9.55.

When it comes to the long run, Wallet Investor believes MATIC will be a "amazing" investment. MATIC is expected to begin the year at $2.19 and grow to $4.1 by the end of the year, according to its Polygon crypto prediction. It's predicted to be $6 by the end of 2023 and $11.6 by the end of 2025, respectively.

The Polygon (MATIC) coin price forecast from DigitalCoin is likewise positive, predicting a slow rise to $4.1 at the beginning of 2022, and then $4.8 in 2023, and $5 in 2025. For the foreseeable future, none of the services estimate prices higher than $11.1 by the end of 2028, although Digital Coin does.

It's vital to keep in mind that experts' price expectations for MATIC might be inaccurate. Cryptocurrency analysts use fundamental and technical analysis to make their predictions. There is no way to predict the future by looking at the past.

Summary

Investors have seen some great gains so far this year, but it's anyone's guess whether or not they will continue to rise.

Don't invest more than you can afford in the unpredictable cryptocurrency market, as always, be careful. You should keep in mind that a MATIC pricing projection is just an estimate.

So, to answer whether MATIC is a good long-term investment or not, the answer is yes.

Share: Twitter | Facebook | Linkedin

Recent Articles

  • Roll The Dice With The Different Types Of Slot Machines At Casinos

    Roll The Dice With The Different Types Of Slot Machines At Casinos

    Many types of slot machines at casinos are a popular form of gambling that offer players the chance to win big with just the spin of the reels. With so many options available, it can be difficult to know which type of machine is right for you.

  • The Best Casinos For Blackjack Lovers - Ace Your Game

    The Best Casinos For Blackjack Lovers - Ace Your Game

    The search for the best casinos for blackjack can be overwhelming, with so many options available both online and in person. Whether you're looking for a high-stakes game or a more relaxed experience, blackjack offers something for everyone.

  • The Best Soccer Movies Ever Made

    The Best Soccer Movies Ever Made

    Football is one of the most popular spectator sports in the world, and billions of people watch it every week. So it shouldn't be a surprise that filmmakers have been trying for years to capture the essence of the game in soccer movies.

  • Cheap Ways To Block Neighbors View - Should You Do This Or Not?

    Cheap Ways To Block Neighbors View - Should You Do This Or Not?

    Blocking your neighbor's view can be done in a variety of affordable ways. Whether you choose to plant trees and shrubs, install trellises, build a fence, use outdoor curtains, or install privacy screens, there are plenty of cheap ways to block neighbors view to choose from that will fit your budget and meet your privacy needs.

  • How Much Does Disneyland Make A Day? Analysis Of Its Profit And Loss

    How Much Does Disneyland Make A Day? Analysis Of Its Profit And Loss

    One of the largest media companies in the world, The Walt Disney Company, derives over 30% of its revenue from its Disney Parks and Experiences segment. So, how much does Disneyland make a day?

  • John Kokken - Indian Actor Who Predominantly Works In The South Indian Film Industry

    John Kokken - Indian Actor Who Predominantly Works In The South Indian Film Industry

    John Kokken is a well-known face in the media who has worked as an actor, model, dancer, social media star, and television presenter. After appearing in the well-known movie "KGF" in a bad role, he became more well-known.

  • Bollywood Celebrities Born In January And Their Net Worth In 2023

    Bollywood Celebrities Born In January And Their Net Worth In 2023

    The Hindi film industry, known as Bollywood, has given birth to a variety of legends and celebrities who have won over the affections of millions of fans all over the globe. Some of these Bollywood celebrities born in January, which is not surprising considering that the film business produces hundreds of films each year.

  • Don't Fall For The Look Who Died Facebook Message - Protect Yourself

    Don't Fall For The Look Who Died Facebook Message - Protect Yourself

    Look who died Facebook message is a type of social engineering scam, which is designed to trick people into clicking on a link and giving up their personal information or downloading malware onto their devices.

  • Allergic Rhinitis - Understanding The Condition And Its Management

    Allergic Rhinitis - Understanding The Condition And Its Management

    Allergic Rhinitis, also known as hay fever, is a condition that affects millions of people worldwide. It is caused by an allergic reaction to environmental triggers such as pollen, dust mites, pet dander, mold, and others.

  • Former Pakistan President Pervez Musharraf Has Died At The Age Of 79 In Dubai

  • Can Lottery Winnings Be Direct Deposited? Most Important Queries Answered

  • Akansha Sareen - Actress And Model Associated With Punjabi Film And Music

  • Louise Kellyman - Mother Of Famous And Talented Actress Erin Kellyman

  • The US Secures Bases Deal With The Philippines To Complete Its Western Alliance