With its Layer 2 scaling solution for Ethereum, Polygon has been making significant strides in the crypto world. As of now, MATIC’s price hovers around $0.5037, down 78% from its December 2021 all-time high of $2.92, thriving with a market cap of $4.985 billion and an FDV of $5 billion, according to CoinMarketCap data. Despite the volatile market conditions, with Bitcoin fluctuating between $65,000 and $70,000, MATIC has managed to hold its ground. The recent bounce back in the market, largely due to the attention garnered by its Polygon 2.0 upgrade from MATIC to POL and spot Ethereum ETF’s successful launch and trading, has sparked optimism among HODLers.
Polygon (MATIC) Price Chart and Ecosystem, Source: CMC
Monthly Predictions for July-December 2024
July 2024: According to data from Changelly, the average trading price is expected to be around $0.6615, offering a potential return on investment (ROI) of 23.2%. Imagine you invest $1,000 in MATIC at the minimum price. By July 2024, your investment could grow to approximately $1,232. Investors can anticipate stability during this period.
August 2024: The Polygon price may drop to a minimum of $0.6615. Summer’s end may see MATIC hovering around $0.6615. Investors can expect stability during the late summer months.
September 2024: The MATIC rate maintains the trend with a potential high of $0.6615. It might, however, drop to $0.6610.
October 2024: The Polygon cost will be traded at an average of $0.6615. The MATIC price might fluctuate between $0.6615 and $0.6615. But Autumn keeps MATIC steady at $0.6615.
November 2024: The Polygon value will not exceed $0.6615. The minimum price might be around $0.6615.
December 2024: Finally, the MATIC price is expected to reach a maximum of $0.7212, but it might drop to a minimum of $0.6615.
Overall, throughout the year, MATIC’s price fluctuates within the range of $0.641 to $0.7212, offering a consistent ROI of 23.2%.
Predicting MATIC in 2024 into 2025
According to Coinpedia, the MATIC price trend showcases a bearish trend in motion, crashing under crucial support levels. However, the same source predicts a bullish reversal from the $0.46 mark, with the MATIC price reclaiming the $0.50 psychological mark and gaining momentum to challenge the 50D EMA. If this breakout rally gains momentum, the altcoin may soon test $0.8693.
Source: TradeView
Looking ahead to 2024, the minimum price of Polygon is expected to be $0.6343, with a maximum level that the MATIC price can reach being $0.7212. The average trading price is expected to be around $0.6615. This suggests that the journey to $2 might take longer than anticipated.
CoinDarwin, another reputable source, predicts a more bullish outlook for MATIC. They foresee a potential high of $6.91 by 2024, with an average price of $3.24. Such optimism reflects the growing interest in Polygon.
The prediction for the price of MATIC in 2025 is that it could reach a new record high. This is because many people are expected to start using Polygon 2.0. by then. The price of MATIC could go up to $3.15, keeping its strong upward trend. But, there might be a small drop in price to as low as $1.899. On average, the price could be around $2.5245.
Timely Positioning Might be an Advantage
In recent news, Polygon Labs announced that the MATIC token will officially fork to POL amid a massive technical upgrade in September. This rebranding is part of the transition to Polygon 2.0, which aims to unify liquidity. Furthermore, the anticipation of the upcoming Polygon 2.0 upgrade has led to a 10% surge in the price of MATIC.
Given the potential upside, investors might consider gradually positioning themselves early in MATIC rather than making a large one-time investment. This strategy, known as dollar-cost averaging, can mitigate risks associated with market volatility. Additionally, monitoring market trends and regulatory news can help make informed decisions.
The post Polygon Price Prediction 2024 – 2025: Will MATIC Scale to $2 in 2024? Here’s How to Position Yourself appeared first on Coinfomania.
