MATIC Price Prediction – Will The Coin Hit $5 in 2022?

  • February 1, 2022

The crypto market is sensitive to some internal and external factors. As a result, some cryptocurrencies skyrocket while others decline. 

This situation confuses crypto investors who cannot tell when it’s a good time to acquire or sell crypto. The same scenario applies to the question of whether to conduct a MATIC swap or not. Let’s see what experts have to say about its price change in 2022. 

What Is MATIC?

MATIC is the native token of Matic Network which is currently known as Polygon since the project went through a major rebranding in 2021. Polygon is a framework that allows all Ethereum-based blockchains to connect and create a network. 

MATIC functions as the main transactional currency of this network. Polygon encourages users of the ecosystem to validate transactions and rewards them with MATIC tokens. 

Currently, one MATIC coin trades at $2.10. The token has a market cap of roughly $15 million and a maximum supply of $10 billion. It ranks as the fourteenth biggest cryptocurrency on the market. 

Where To Exchange MATIC?

Currently, over 89 crypto exchanges support MATIC and allow making 172 trading pairs. On these platforms, you can not only exchange MATIC for other cryptos but also trade it with fiat currencies. Here are some of the most trustworthy platforms:

  • Binance is the best choice for trading MATIC for other cryptos and fiat currencies. The platform offers low transaction fees and profitable exchange rates.
  • Kraken is another reliable exchange platform. It is famous for its strict security procedures. If you ever face issues with trading your MATIC coins, you can contact Kraken’s customer support available 24/7/365. 
  • MATIC is one of the 350 cryptocurrencies that LetsExchange supports. The platform will help you compare exchange rates on multiple exchanges and choose the most profitable deal. 

MATIC Price Forecast for 2022

According to the statistics provided by CoinGecko, MATIC currently holds fourteenth place among the largest cryptocurrencies on the market. Though in December 2021, the coin’s price reached its highest point of $2.92, it dropped shortly. As of January 7, 2022, one MATIC coin equals $2.10.

However, this drastic drop in MATIC prices doesn’t discourage crypto investors. According to expert analysis, the coin will restore its previous rates, and its price will continue to increase in 2022. According to these predictions, it’s highly possible that the coin will hit $5 at the end of the year. 

This prediction will come true only if the coin’s price grows dynamically. Meanwhile, it’s worth taking into consideration that expert forecasts aren’t always accurate and cannot be considered financial advice. Though forecasts are based on historical data, experts cannot predict what external factors can affect the coin’s price and how it can change. 

Overall, the expert’s predictions of whether MATIC will hit $5 in 2022 or not are positive. But it’s always a good idea to do your own research and trust your gut before making any investments.