Why 2021 is the Best Time to Invest in Matic Polygon? by Devendra Singh Khati BuyUcoin Talks

The project offers solutions to problems that Ethereum users have been complaining about for years. On Polygon, a developer can choose between zk-rollups or optimistic rollups. They may opt to use Polygon Avail instead, an extremely secure data availability blockchain for standalone chains, sidechains and off-chain scaling solutions.

These include popular decentralized finance projects like Aave and SushiSwap. According to WalletInvestor’s Polygon price prediction, the value of MATIC may go down to as low as $0.6 by this time next year. Their forecast is incredibly bearish, and they rate this cryptocurrency as a bad long-term investment. MATIC, Polygon’s native token, is an ERC-20 token based on the Ethereum blockchain, meaning it can be stored in any Ethereum wallet, including Eidoo and MetaMask. In addition, tokens are used for payment services on Polygon and for settlements between users who work on the Polygon trading platform. Polygon is using this venture capital support to further develop its layer-2 infrastructure.

Polygon aims to be the premier blockchain for Etheruem-based enterprise applications. Whether you are trading or holding, you might be able to enjoy some gains if you diligently do your research and know the right time to invest. Polygon also partnered with The Trace Network, where the company will use the crypto for NFT and decentralized finance services. This collaboration will help retailers to easily introduce their NFTs to the public.

How High Will Polygon Go?

Whatever happens, like all digital assets, there would be bullish engulfing and bearish seasons. Polygon (MATIC) has shown a great deal of resistance in the cryptocurrency market as it failed to follow the price patterns of Bitcoin in the latest crash. One of the factors that will influence investing in MATIC in 2022 is its impressive yearly returns. As a newcomer to Polygon and its novel token, you would be surprised to know that MATIC has returned 7,248.69% for holders who sold the cryptocurrency at the right time.

  • Moreover, with layer-2 solutions like Polygon, protocols that are already running on top of Ethereum can become even faster and cheaper.
  • As a result, there is increasing adoption of Polygon, which also means growing investor interest.
  • Its minimum and maximum prices can be expected at $$0.8052 and at $$0.9059, respectively.
  • Most experts believe that in the next 5 to 10 years, Polygon could reach the $5 level.
  • Mark Cuban is one of the most recognizable faces in digital investments after making Dogecoin (DOGE) the official cryptocurrency of the Dallas Mavericks in 2021.

While they agree with the Coin Price Forecast of an exponential curve, they believe that the curve will start to bend and go more parabolic in a couple of years. In 2023, they expect Polygon to be worth about $1.75, gaining strength in 2024 to reach $2.50. Ten years from now, we could expect the price of Polygon to trade between $10 and $15 per MATIC token, if it continues the trajectory we have outlined in our 2023 to 2030 Polygon price prediction forecast. Aside from holding Polygon and profiting from any price increase, investors can also passively earn more tokens by staking their MATIC which helps secure the Polygon network.

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It is evident that Polygon is an impressive platform with significant potential. It is expected to have a multitude of uses in the future, which is a compelling reason to mention it among the next crypto to explode and yield maximum profit for investors. The continued growth of the network and the provision of new dApps and services will result in improved utilization of the Polygon token. This, in turn, will positively impact Polygon’s long-term price outlook. Another important point to keep in mind is that MATIC has not stayed in the market for a long time. Although the crypto was launched in 2019 and has been trading in the top crypto exchanges since then, it cannot be on the same level as pioneer cryptos like Bitcoin and Litecoin.

Based on our discussions so far, it is evident that Polygon possesses the necessary qualities to make transactions easier and faster while maintaining the strong security of the Ethereum network. This one crucial quality ensures a positive and definite outlook for MATIC long-term https://broker-review.org/ price prospects. The increase in the price of Polygon we’ve seen in recent times can be attributed to the fact that more users and investors understand better what the project can offer. Of course, some may be buying the token because of FOMO (Fear Of Missing Out).

It’s aiming to provide a framework for blockchain networks

Currently, more than 1600 DAPPS were using Polygon’s infrastructure. These include DAPPS in decentralized finance, non-fungible tokens & gaming, decentralized autonomous organizations (DAO), wallets, oracles, and business-to-business technologies. There are others offering interconnected blockchains, such as Polkadot and Avalanche. Projects like these may end up coexisting, or one could create a better solution and leave the rest behind.

Is MATIC (Polygon) a good investment?

These advancements are likely to have a favourable influence on Polygon’s long-term price outlook too. We know that numerous decentralized applications are at various stages of development, completion, and deployment within the Polygon ecosystem. These dApps offer beneficial services, and payment for these services are made using the MATIC token.

Polygon has also scored several high-end collaborations, adding plenty of credibility and value to its name. For instance, the network recently announced that it had partnered with Infosys Limited, an Indian-based IT company that mostly provides business consulting. The collaboration dubbed M-Setu will enable https://forex-reviews.org/ Infosys to provide revolutionary services to its clients using Polygon’s technology. However, the fact that the price might rise does not make MATIC a good investment per se. The Polygon network is doing a lot on its part to ensure that the asset not only remains afloat but also shines its way to the top.

MATIC has become an integral part of the Ethereum network, and it will offer scaling solutions for many years to come. Several news sources including Forbes have stated that leaders around the world have been discussing the regulation of cryptocurrencies. This is a necessary evil, and is expected to have a considerable impact on the valuation of digital assets.

A portion of the tokens are burned every time a transaction is processed on the network. Although it is primarily used for transacting on the Polygon network, its value and utility are constantly increasing as more developers build applications on top of the polygon layer 1. The MATIC token has seen significant growth over the past two years and is now one of the most popular cryptocurrencies on the market. And if you are interested in what other coins might be bullish in the near future, check out our list of the cryptocurrencies that might explode in 2023. The Polygon blockchain has the potential to process up to 7,200 transactions per second (TPS).

Another good option is Gemini, which allows you to earn interest on your cryptocurrency holdings. Polygon is a layer-2 protocol, meaning it allows transactions on Ethereum to be conducted off of the main network to reduce transaction fees to end users. Polygon mainly seeks to add interoperability https://forexbroker-listing.com/ and scalability to the Ethereum network. That said, even if other programmable blockchains take more market share, it’s unlikely that Ethereum will disappear completely. And Polygon’s founders argue its technology will still be relevant even after the upgrade to Eth2.

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