Polygon MATIC is a Level 2 blockchain that is a solution for Ethereum’s scaling, speed, and transaction fee issues. Polygon’s fix to these issues makes it a viable scaling solution for Ethereum.
It runs on the Proof of
stake mechanism which uses much less energy than the Proof of Work mechanism. Polygon also stated on its website that it is already carbon neutral. Polygon provides Security as a Service through the Ethereum blockchain or through Polygon’s pool of professional validators.
Polygon Price Prediction: How Is Polygon Different from Others?
Polygon MATIC is a Level 2 blockchain that is a solution for Ethereum’s scaling, speed, and transaction fee issues. Polygon’s fundamental thought was not to be an Ethereum killer but to act as a bridge for other Ethereum blockchains to execute a transaction faster. Here are some features that differentiate Polygon Matic from others:
- Polygon has a processing capacity of 7,000 transactions per second, which is giant steps faster than Ethereum’s 15 TPS. In addition, it is believed that despite the ETH 2.0 update, MATIC will remain at the forefront thanks to constant developments and experimentation in the ecosystem.
- stake mechanism which uses much less energy than the Proof of Work mechanism. Polygon also stated on its website that it is already carbon neutral.
- Polygon provides Security as a Service through the Ethereum blockchain or through Polygon’s pool of professional validators.
- The co-founder of ETH says that despite the new ETH2.0, GAS tariffs will not decrease. Here, MATIC takes an advantage, since it placed its transaction fees in the range of $0.0005 to $0.2, which is minuscule compared to ETH’s $12. Polygon has saved more than $140 million in GAS fees so far.
Polygon runs on the Proof of
Matic performance in 2022
- Last 1 month: +10.9%
- Last 3 months: -0.8%
- YTD: -65.7%
Polygon: Recent News
Nike partners with Polygon
From trading below $0.8, 7 days ago, the price of Matic has risen to over $1. The reason for this surge was Polygon’s new partnership. U.S. sporting goods retail giant Nike has partnered with Polygon to launch its own NFT marketplace. launching its own NFT market.’ Swoosh’, NIKE’s next NFT platform will run on Polygon’s infrastructure
After the news, the number of unique addresses on Polygon Network reached an all-time high. On November 14, unique addresses reached 190.95 million.
Can Polygon reach $100?
What are the obstacles for Polygon Matic to reach $100?
- Despite being one of the most attractive Blockchian networks, there are some obstacles that could derail Matic’s journey to reach $1000. Polygon’s biggest competitor is Ethereum and with the way ETH is marching forward, there may be a time when most cryptocurrencies will move to the Ethereum blockchain.
- MATIC positions itself as a solution to Ethereum’s scaling, speed, and transaction fee issues, Polygon’s lower adoption could become a barrier to its rise.
- It should be noted that Polygon was unable to build a consumer connection on par with Shiba Inu or Dogecoin. Particularly in the United States. While this has improved in recent months, it has not reached the same levels as Shiba Inu while it almost matches Dogecoin. Given the use cases of Dogecoin, Matic is clearly underperforming.
While Polygon
Polygon is one of the most innovative and well-funded projects. Like all of them, it has some drawbacks, but the advantages of the Polygon blockchain outsmart the disadvantages. Polygon has a bright future, and the rise of Polygon is eminent. However, it needs almost 20 years to reach $1000 and currently doesn’t have a burning program to shorten that time. It is almost impossible to predict a growth of 50% at ‘year for the next 18 years. At the moment, we expect it to be impossible for Polygon to reach $1000.
However, Polygon is well positioned to reach $100 by 2040.
Can Matic reach $1000 or even $100? Before we get into the detailed analysis, let’s understand Polygon as an investment.
Is Polygon a good investment?
While Polygon has been a more volatile asset, it has substantial momentum behind it.
- Polygon MATIC is a Level 2 blockchain that is a solution for Ethereum’s scaling, speed, and transaction fee issues. Polygon’s fix to these issues makes it a viable scaling solution for Ethereum.
- Polygon’s fundamental thought was not to be an Ethereum killer, but to act as a bridge for Ethereum to execute a transaction faster. Polygon aims to extend the benefits of Ethereum’s security and ecosystem to everyone without depending on the ETH blockchain.
- Faster: Polygon has a processing capacity of 7,000 transactions per second, which is giant steps faster than Ethereum’s 15 TPS. In addition, it is believed that despite the Ethereum Merge update, MATIC will remain at the forefront due to constant developments and experimentation in the ecosystem.
- : Polygon provides Security as a Service through the Ethereum blockchain or through Polygon’s pool of professional validators.
- : The co-founder of ETH says that despite the merger, GAS tariffs will not decrease. Here, MATIC takes an advantage, since it placed its transaction fees in the range of $0.0005 to $0.2, which is minuscule compared to ETH’s $12. Polygon has saved more than $140 million in GAS fees so far.
- Variety of scaling solutions: Polygon has 3 live scaling solutions, 3 in development and 1 in beta testing, which clearly means that Polygon is preparing for ETH 2.0.
Security
GAS tariffs
Can Matic reach $100?
To reach $100, Polygon will need to increase 90 times
- Ethereum went from $2 to $200 in less than 2 years
- Binance went from $1 to $100 in less than 4 years
- BTC went from $100 to $10000 in less than 4 years
At $100, Polygon Matic’s market cap will be $872 billion, not an impossible number in the long run.
If Matic were to increase by 30% per year, it would take 18 years to reach $100. That would be the year 2040. Given the way liquidity patterns change when adoption rates rise, this could be achieved much faster than in 2041.
Can Polygon reach $1000?
How and when will Matic reach $1000?
Given the amount of time it takes to reach $100, it’s inevitable that $1000 will be much harder. At $1000, market capitalization would be a daunting $8.7 trillion.
If Matic were to increase by 20% per year, it would take 31 years to reach $1000. This would be the year 2053. It is almost impossible to provide a long-term forecast accurately.
Polygon Price Prediction 2023
Polygon Price Prediction 2023: The maximum Matic price forecast for 2023 is $1.8. Matic is likely to continue to recover for the rest of the year, given its strong focus on driving usage and business profitability. Strong recommendations from respected people like Shark Tank’s fellow Shark Mark Cuban Shark Tank had invested in Polygon in 2021.
Matic Price Prediction 2025
The Matic maximum price forecast for 2025 is $3.1.
Polygon Matic Prediction: What is the use of Matic Token?
Matic is the
token that powers the Polygon blockchain. It is used to govern and secure the Polygon network and to pay the network’s transaction fees.
Its limited supply makes Matic unique. There are about 10 billion MATIC and the circulating supply is 7.5 billion of those 10 billion. Matic Price tends to move higher or lower depending on demand and usage of the Polygon Blockchain
Polygon Price Prediction: Where to Buy Polygon Matic?
There are multiple crypto exchanges that offer
Polygon MATIC tokens. Here are some of the most well-known exchanges that offer polygonal tokens to trade are Binance, BiONE, UniSwap, WhiteBIT, ZebPay, Coinbase Pro, Huobi Global, Hotbit, etc.