Matic Network is the emerging cryptocurrency working on a scalability blockchain platform. It processes secured, expandable and instant transactions powered by Proof of Stake side chains. It provides free Ethereum based cryptographic token transfers and payments.
This article is meant to provide you the in-depth information on Matic Price Prediction for 2021 and beyond. All your thoughts will be cleared and you will have a clear outlook about the performance of the token at the end.
Now, let us try to have some basic knowledge on the Matic network.
Overview
| Cryptocurrency | Matic Network |
| Token | MATIC |
| Market Capitalization | $58,25,34,095 |
| Circulating Supply | 4952830774 MATIC |
| All Time High | $0.1220 ( February 10, 2021) |
| All Time Low | $0.003012 ( May 09, 2019) |
What is Matic Network ( MATIC) ?
Matic Network is a layer-2 scaling platform that facilitates fast and secure off chain transactions for payments and generalized off chain smart contracts. It is a scaling solution for the Ethereum network.
It allows Ethereum based transactions to be processed quickly using innovative protocols.The Matic token is specifically used for staking. Matic employs the plasma to develop decentralized applications.
Plasma is a specific framework for easily creating decentralized applications that can interact seamlessly with each other.
Matic Network was found by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.
MATIC Technical Analysis
2019
Matic network-initiated its journey on the crypto sphere on 29 April 2019 with a price of $0.004. The token steadily started to rise after. With certain variations, the price hit a high of $0.03 by the end of May and further declined to $0.01 by early June. Later, the token continued to remain stable at a price of $0.02 till the end of July.
Interestingly, the token plunged to $0.01 by early August and resumed to be in the same price level with minor variations until November. Effectively, Matic spiked to $0.04 by early December as it gained the attention of the investors. Further, the token declined to $0.01 by mid-December. At the end of 2019 Matic was trading at $0.014.
2020
On a bearish note, the Matic continued to trade at $0.014 during the dawn of January 2020. Later, the price started to variate and reached $0.02 by February. Dramatically, the token sank to $0.006 by mid March as the crypto market crashed due to Covid-19 outbreak.
Further, the price started to recover and reclaimed its resistance level at $0.025 by the end of May. Later, the token hit $0.031 by mid-August and plunged to $0.012 during the start of November. At the end of December 2020, Matic was exchanging at $0.017.
MATIC Price Prediction 2021
Matic continued to trade at $0.0018 by early January 2021. Further the price started to rise and hit $0.043 by the end of January. The token might reach a newer heights if it focuses on attaining more users and investors. Certain collaborations may result in enhancement of its protocol as well as the platform. The Matic might sink to as low as $0.0002 if it fails to reach the users. At the end of 2021, Matic might be traded at the $1.3 mark.
MATIC Price Prediction 2022
Matic might resume the trade at $1.75 during the start of January 2022. The price might reach a newer heights if it gains the attention of the investors. The token might decline to $0.55 if the currency comes across supply pressure. By the end of 2022, the altcoin might be exchanged at $2.85.
MATIC 5 Years Price Prediction
In 5 years, Matic could hit a new high by breaking its previous price records and it is anticipated to be in the top 50 cryptocurrencies list. Additionally, Several inbound developments and partnerships might lead to its growth.
The token might crash if bears go on pulling the prices down. The price might fall to $3.15. By the end of 5 years, Matic could trade at the $10 mark.
MATIC Market Prediction
- Gov.capital
According to Gov.capital, Matic would trade around $0.087975 by the end of 2021 and $0.483 at the end of 2025.
- WalletInvestor
According to WalletInvestor, Matic could exchange at $0.0777 at the end of 2021,and would be trading at $0.1036 by the end of 2025.
- DigitalCoinPrice
According to DigitalCoinPrice, Matic is anticipated to trade at an average of $0.1880 by the end of 2021 and could exchange at $0.3650 at the end of 2025.
Our MATIC Price Prediction
With a price of $0.0018, Matic initiated the year 2021. Further the price started to rise. The community might collaborate with certain projects and startups for the betterment of the protocol.
As Matic comprises unique features such as scalability, security it may enhance its user base and it might hit a new all-time high.
At the end of 2021, the altcoin might be traded at $1.65 and anticipated to trade around the $15 mark in the future.
FAQ
Matic is a unique cryptocurrency as it has the features like security, scalability, asset interoperability.
The transaction can be processed in 1 second or less in the Matic network.
Matic network uses the Proof of Stake consensus algorithm and Plasma framework.
Matic network is rebranding to Polygon.
The post appeared first on Coinpedia
