MATIC Price Predictions Vary Leading Up To Polygon zkEVM Launch

  • Many people in the crypto space are theorizing whether MATIC could reach a new ATH soon.
  • MATIC is currently trading hands at $1.08 after a 2.09% price decrease.

Many crypto projects have been looking at ways to improve their systems to make things quicker and easier for its users, and Polygon is one of these projects. Today, Polygon is taking one step closer to achieving this goal with the launch of the Polygon zkEVM mainnet beta. Polygon zkEVM Beta is the leading ZK scaling solution that is equivalent to Ethereum Virtual Machine.

It is only natural for crypto fans to wonder if this new development could lead to the price of Polygon (MATIC) reaching a new all-time high (ATH). Journalist Pere Hen shared some predictions for MATIC made by the crypto community on March 20 this year. It seems like many people believe that an ATH might not be in store for MATIC.

At one point, CoinCodex had a less than favorable Polygon prediction for 2023. They believe that the MATIC price could drop to just under $1.03 by 25 March, after which the altcoin could face further price declines to about $0.9924 by April 19, despite the zkEVM launch.

In addition to this, Wallet Investor also provided a rather gloomy prediction for the MATIC price, and stated that MATIC could be in for a rough 12 months. The platform predicted that MATIC could fall to $0.44 by late March of 2024.

On the other hand, Digital Coin Price believes that MATIC could possibly be worth about $2.43 in 2023, and $3.91 in 2025. By 2030, the platform is hopeful that MATIC could trade as high as $11.45.

MATIC Network / Tether US 1D
MATIC Network / Tether US 1D (Source: TradingView)

MATIC is currently trading hands at $1.08 after a 2.09% price decrease over the last 24 hours. The altcoin is also still in the red by more than 7% over the last week, according to CoinMarketCap.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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