Polygon Price Prediction 2024, 2025, and 2030: Will MATIC Moon To $1 in 2024?

Polygon, formerly called Matic Network, was created to help Ethereum handle more transactions. While Ethereum is like a main road, Polygon is like an extra lane added to reduce traffic. And since 2017, Polygon has made notable progress. It helps developers build special apps, such as Decentralized Applications (DApps), and creates customized infrastructure for web3 builders. This infrastructure uses advanced technologies like ZK and Optimistic rollups, making it faster and more secure.

With the current state of affairs, investors are praying for MATIC to moon to $1. And whether that’s a possibility remains to be seen.

Per Coinfomania data, MATIC is currently trading at $0.534779, with a promising forecast of an 8.83% boost to $0.565 by August 20, 2024. However, technical indicators are cautioning a ‘Sell’ market sentiment, so keeping a close eye on the market is essential. 

Polygon (MATIC) Price prediction. Source: Coinfomania 

Looking back at the last 30 days, MATIC has seen a respectable 37% positive trading trend, with 11 out of 30 days closing in the green. The price volatility of -23.72% indicates moderate fluctuations, so buckle up! In the past 24 hours, MATIC has experienced a positive upswing of 4.88% since yesterday, and the live market cap is standing strong at $4,964,322,975.

Source: Coinfomania 

MATIC this August 

The Polygon (MATIC) price has surged 2.89% in the past week, currently trading at $0.4207 with a 24-hour trading volume of $156.326 million, indicating notable market activity. If the bullish trend continues, MATIC could welcome its high of $0.50, enabled by increased use cases and positive market sentiment. However, in case of bearish action, this altcoin could retest its crucial support level of $0.3250, influenced by factors like regulatory changes or market volatility. Looking ahead, the predicted low for August 2024 is $1.02, with an average price of $1.06 and a potential high of $1.16, and the long-term outlook remains positive with predicted highs in 2025 and 2030, driven by its strong technology and ecosystem.

MATIC/USDT price. Source: TradingView 

A yearly high in sight for 2024

If Polygon’s price gets its mojo back, we could see an exciting upward swing towards the $0.500 resistance level. And if the momentum keeps building, MATIC crypto might just break through to test its upper ceiling of $0.690 — a thrilling prospect for investors. On the other hand, if the bears take control, the price could slip back down to $0.325, a crucial support level that could make all the difference in the market’s next move.

According to various sources, MATIC’s price is expected to rise significantly in 2024. Coinpedia predicts a swing high of $6.91, with an average price of $3.24. On the other hand, Changelly expects the minimum cost of Polygon to be $0.4901, with the maximum level that the MATIC price can reach being $0.5435. BeInCrypto suggests that MATIC could hit a yearly high of $1.89 in 2024.

MATIC price prediction shows an uptrend in 2025-30

Moving forward to 2025, the price of MATIC is expected to continue its upward trajectory. Coinpedia predicts that MATIC could relax around $10.941, though a bottom to $8.511 may occur. BeInCrypto’s analysis shows that by 2025, the price could be $3.22.

As we go into 2030, the price of MATIC is expected to rise even more. Coinpriceforecast suggests that Polygon will rise to $1 within the year 2027, $1.5 in 2030, $2 in 2032, and $2.5 in 2035. BeInCrypto’s analysis suggests that while MATIC might attempt to hit $10 in 2030, it could end up trading at $6.32.attempt to hit $10 in 2030, it could end up trading at $6.32.