Matic Network Price Prediction: Will MATIC Price Crash or Rise?

Posted by Nayana Patil on March 23rd, 2021

What is Matic Coin ?

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 --content--.004. The token steadily started to rise after. With certain variations, the price hit a high of --content--.03 by the end of May and further declined to --content--.01 by early June. Later, the token continued to remain stable at a price of --content--.02 till the end of July. 

Interestingly, the token plunged to --content--.01 by early August and resumed to be in the same price level with minor variations until November. Effectively, Matic spiked to --content--.04 by early December as it gained the attention of the investors. Further, the token declined to --content--.01 by mid-December. At the end of 2019 Matic was trading at --content--.014. 

2020

On a bearish note, the Matic continued to trade at --content--.014 during the dawn of January 2020. Later, the price started to variate and reached --content--.02 by February. Dramatically, the token sank to --content--.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 --content--.025 by the end of May. Later, the token hit --content--.031 by mid-August and plunged to --content--.012 during the start of November. At the end of December 2020, Matic was exchanging at --content--.017.

MATIC Price Prediction 2021

Matic continued to trade at --content--.0018 by early January 2021. Further the price started to rise and hit --content--.043 by the end of January.  MATIC surprisingly listed an all time high of --content--.5089 on 12th March. The token might reach a newer heights if it focuses on attaining more users and investors. 

Certain collaborations may result in the enhancement of its protocol as well as the platform. The Matic might sink to as low as --content--.0002 if it fails to reach the users. At the end of 2021, Matic might be traded at the mark.

MATIC Price Prediction 2022

Matic might resume the trade at .25 during the start of January 2022. The price might reach newer heights if it gains the attention of the investors. The token might decline to --content--.55 if the currency comes across supply pressure. By the end of 2022, the altcoin might be exchanged at .

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. 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 .15. By the end of 5 years, Matic could trade at the mark.