About the matic digital currency
MATIC is an ERC-20 token built on the Ethereum blockchain, used to complete payment services on Polygon, and can also be used as a settlement currency between users operating on the Polygon ecosystem.
The digital currency MATIC is a currency belonging to the Polygon network and is the first platform characterized by ease of use and organization, as through it it is possible to create assembly chains, ZK rollup chains, or any other type of infrastructure required by the developer. Polygon is also based on transforming Ethereum into an integrated multi-system. Chains are known as the Internet Blockchain and are similar to multi-chain systems such as Polkadot, Cosmos, and Avalanche, and also have the security benefits of the Ethereum blockchain.
It should be noted that Polygon is backed by the Binance exchange and Coinbase, and its project seeks to stimulate mass adoption of digital currencies, by solving scalability problems in many blockchains.
It must be noted that Polygon combines the Plasma Framework with the Proof of Stake blockchain architecture, which allows the Plasma Framework to easily implement scalable smart contracts and the ability to accommodate an unlimited number of decentralized applications on its infrastructure without experiencing any of the common problems in proof chains. Period.
The matic coin project was launched in 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, who have strong experience in the blockchain space.
matic digital currency project
The primary goal of launching the MATIC digital currency project is to provide innovative solutions to the problems of the Ethereum network, and given that the desire of developers in projects increases in order to benefit from what the Ethereum network offers in terms of security levels, speed of conducting transactions, etc., the Polygon project came in 2017 and is a network. An alternative that provides an effective solution to the Ethereum network's problems related to scalability and execution speed.
As for the digital currency, matic is the settlement currency through which transactions taking place within the Polygon platform are paid, which aims primarily to reduce the fees and costs of conducting transactions on the Ethereum blockchain network, and it also provides widespread support for other crypto projects.
So, the MATIC digital currency project offers a solution to some of the main challenges that the Ethereum network suffers from, such as high fees, slow transaction execution, user experience, and so on.
As for the Polygon platform, it aims to create a blockchain Internet for the Ethereum network by building a multi-chain ecosystem for blocks compatible with Ethereum, in order to provide an easy-to-use framework that allows developers to launch their own blockchain networks compatible with the Ethereum blockchain with the push of a button.
It is worth noting that the MATIC currency project works to facilitate the exchange of value and information freely and easily, and to get rid of the technological and ideological divisions that separate most block chains at the present time.
It must be noted that the project was originally known as the Matic Network, but it was later changed to Polygon as the scope of the project expanded. As for the Matic currency, it represents a simple solution to the second layer scale of Ethereum, and Polygon represents the infrastructure for a network of decentralized block chains with Wide range.
The MATIC digital currency project is unique in the market, as it represents the only scalable solution that supports the Ethereum Virtual Machine (EVM), in addition to that it enables connected chains to maintain their self-sovereignty and ensure interoperability between each other with the blockchain. Ethereum.
About the Polygon platform
It must be noted that the Polygon platform provides a variety of modules, which enable developers to use it to deploy and configure their blockchain networks with ease. It also includes consensus and governance modules, and a variety of execution environments and virtual machine applications.
In addition, the Polygon platform supports two types of chains:
Stand-alone chains are self-sovereign blockchains that are directly compatible with the Ethereum network.
Secure chains are chains that provide security through a network of professional validators.
Founders of the Matic coin project
The Matic cryptocurrency project was founded by a highly experienced developer team, Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.
As for the CEO of Polygon, he is Jaynti Kanani, who has extensive experience in the field of coding and development.
Advantages of trading in matic currency
Trading in the digital currency matic carries many positives for traders. Below we present to you a group of the most prominent of these positives:
Because the Matic currency is independent of the currency patterns that follow Bitcoin, which lost nearly $700 billion in June 2021 after the resounding decline that Bitcoin experienced, this helped it achieve heights at a time when the crypto market was in a resounding decline.
Polygon's platform is relatively faster, especially since it uses Plasma's Proof-of-Stake (POS) framework, which enables Polygon to process up to 65,536 transactions per second.
Since the prices for using the Ethereum blockchain are rather high, many users are turning to the Polygon platform due to its relatively low transaction fees.
Matic currency is an investment product that was added to digital asset funds, which brought it many traders and led to an increase in its value.
Matic coin is backed by prominent investors such as the famous businessman and investor Mark Cuban, which has led to its price rising.
It is considered a cheap digital currency compared to other digital currencies.
Disadvantages of trading in matic currency
Despite the strong advantages and positives that Matic currency offers to its traders, there are several negatives that must be highlighted:
With the advent of Ethereum 2.0, Polygon may lose much of the momentum and popularity it gained.
There are projects similar to the Matic currency, which puts it in a fierce confrontation with projects such as Polkadot and Chainlink.
There are regulatory problems that digital currencies face, such as mining problems.
Trading in Matic currency, like other digital currencies, carries a lot of risks related to its fluctuating price from time to time.
Is MATIC a good investment?
MATIC is a good long-term investment option as the project develops a roadmap for its Polygon 2.0 release. Additionally, Polygon partners with various industries to drive adoption, focusing on NFT Ethereum solutions. Partnerships include Starbucks for its NFT program, and collaborations with Adidas, Prada, and Disney to develop NFT offerings.
Polygon records new ATH at active addresses daily, indicating continued adoption of the network.
What are Layer-2 solutions?
When we talk about blockchain scaling solutions, they are usually divided into two levels: Layer-1 solutions and Layer-2 solutions. Layer-1 refers to scaling functions within the blockchain itself by implementing new consensus algorithms and increasing block limits. While Layer-2 solutions refer to off-chain solutions. It removes computing elements from the main blockchain and then executes them on sidechains. This helps increase throughput on the main chain.
Layer-2 solutions, including Polygon, have gained popularity and are considered key to promoting widespread adoption of cryptocurrencies.
Polygon structure
The Polygon architecture includes four distinct layers, each of which is responsible for a set of functions and services used for several purposes.
Ethereum layer
The Ethereum layer is represented by a set of smart contracts that execute on the Ethereum network. These contracts can handle staking (coin locking), transaction finality, and communication between other Polygon chains and Ethereum.
Security layer
The security layer works alongside the Ethereum layer. They function as validators-as-a-service, giving chains an extra layer of security.
Polygon mesh layer
The networking layer acts as an ecosystem that connects blockchains, and is developed on Polygon. Each network has its own community that produces blocks and authenticates via the consensus protocol.
Implementation layer
The execution layer is represented by Polygon's Ethereum Virtual Machine (EVM) for executing smart contracts.
Polygon chains can communicate with both the Ethereum main chain and with each other thanks to Polygon's Artitrary Message Passing function. This helps open the door to a range of new use cases, including decentralized applications (dApps) that are interoperable and exchange value between different platforms.
What makes Polygon special?
The Polygon project aims to improve blockchain capacity and interoperability. There are several key features that have contributed to the platform's popularity and positive analyst expectations.
Polygon is compatible with the Ethereum Virtual Machine (EVM), making it useful for those who develop applications on Ethereum and program them in Solidity.
Optional Polygon security model – no need to sacrifice flexibility for additional security if it's not needed.
Polygon claims that its flexibility allows it to integrate different scalability solutions beyond just plasma chains, including Optimistic and ZK assemblies.
MATIC tokens are used for various purposes in the Polygon ecosystem, including paying gas fees and contributing to security through storage.
MATIC 2024 price forecast
After Bitcoin's halving in April, analysts are predicting a bull market in 2024, especially as institutions rush to get approvals for Bitcoin ETFs. This prediction suggests that Polygon may hold an upward trend in 2024, although regulatory uncertainty may halt its growth, as seen with XRP's previous surge due to an SEC lawsuit.
However, MATIC, which is an integral part of the Polygon ecosystem, can be considered a currency or commodity and not a security, due to its utility in paying gas fees. Notably, Polygon boasts the highest institutional adoption among Ethereum scaling solutions, with major players like Starbucks, Nike, Reddit, and Facebook building on its network. This suggests that despite regulatory concerns, corporate interest could drive upside momentum for Polygon in the 2024 market.
Based on our comprehensive technical analysis of MATIC's historical price data, we expect Polygon's price in 2024 to range between a minimum of $0.9012 and a maximum of $1.03, with an average trading price of around $0.9298.
Polygon price forecast 2025
During a bull market, Ethereum usage fees increase a lot, making it expensive for regular cryptocurrency users. That's why Polygon became so popular during the recent bull market. But this time, in 2025, Polygon faces tougher competition from Arbitrum, Optimism, and Starknet.
However, Polygon's Proof of Stake (PoS) chain can handle up to 65,000 transactions per second (TPS) and is cheaper to use compared to chains like Arbitrum and Optimism. Therefore, increased adoption may lead to a rise in its price in 2025.
In 2025, Polygon's price is expected to reach a low of $1.34. It is expected to reach a maximum level of $1.57, with an average price of $1.39 throughout the year.
MATIC price forecast for 2026
Polygon has just made PolygonzkEVM available to everyone, making it one of the first ZK Rollups to do so. This is a big step forward for Polygon and gives it an advantage.
With increasing use by companies, innovative technology and past success, Polygon could reach a new all-time high in 2026.
According to forecasts and technical analysis, Polygon's price is expected to reach a minimum of $2.07 in 2026. The maximum price forecast is $2.39, with an average value of $2.12.
Polygon (MATIC) price forecast for 2027
In 2027, the price of one polygon is expected to reach the minimum price level of $3.03. The maximum price of MATIC is $3.60, with an average price of $3.11 for the year.
Polygon price prediction 2028
For 2028, Polygon's price is expected to reach a minimum value of $4.28. The maximum value can rise to $5.36, with an average trading price of $4.43 over the year.
Polygon price forecast 2029
In 2029, Polygon's price is expected to reach lows of $6.08. The maximum price of MATIC could reach $7.41, with an average expected price of $6.26.
Polygon (MATIC) price forecast for 2030
Looking to 2030, Polygon's price is expected to reach a minimum of $8.93. The maximum forecast is $10.51, with an average trading price of $9.18 over the year.