Matic price prediction
Barring any sudden changes in economic conditions, MATICβs price is expected to rise throughout 2024, reaching a high of $2.2 in Q2. Further improvements in underlying systems may also push it to rival its all-time high of $2.92 by the end of the year.
025 is when MATIC may encounter some resistance in the market. While economic conditions are expected to be stable, Polygon is built as a scaling solution to Ethereum. By 2025, Ethereum is also expected to upgrade the mainnet to resolve scalability and handle the demand for transactions.
This may cause demand for MATIC to fall and its price to suffer. It may show signs of weakening by Q2, reaching a price of $2.6. But this may be reflected more strongly by the end of the year when MATIC can fall to as low as $2.3.
Polygon is showing strong signs of growth in the short and medium term. Its value will continue to rise as long as it is a compelling alternative to the main Ethereum chain. However, its value in the long term is debatable.