Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polygon MATIC Forum => Topic started by: Hamza2424 on July 26, 2024, 05:10:47 PM
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Hi dear fellows, Hoping you all are doing great these days.
So i've thought let's collect the community thoughts on the Matic as in my view polygon and ARB are the only perfectly developed L2 ecosystems, I'm expecting Matic to set a new ATH but I'm a little confused with my speculation because the L2's are not performing well these days even the ETH itself is under pressure, always to set an optimistic range for new ATH is to have a general comments from the entire community.
If possible give a price range in which you think Matic can stand.
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Hi dear fellows, Hoping you all are doing great these days.
So i've thought let's collect the community thoughts on the Matic as in my view polygon and ARB are the only perfectly developed L2 ecosystems, I'm expecting Matic to set a new ATH but I'm a little confused with my speculation because the L2's are not performing well these days even the ETH itself is under pressure, always to set an optimistic range for new ATH is to have a general comments from the entire community.
If possible give a price range in which you think Matic can stand.
The Layer-2 trend is still very hot and ecosystems such Arbitrum, Optimism, and Base are continuing to grow strongly. Unfortunately, Polygon is no longer as prominent in the Layer-2 trend as it was before. It is now being referred to as a Layer-1 with its own separate ecosystem, no longer dependent on Ethereum. Therefore, the MATIC price has been in an accumulation zone for the past two years instead of seeing an impressive recovery like many other tokens.
Using technical analysis, I expect MATIC to reach $12 in this bullrun. However, this is not investment advice, MATIC holders should monitor market developments, especially signals on BTC price chart, to make the most accurate and timely decisions.
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I am optimistic about the development of Matic, because I myself chose it as the basis of my project. Of course, we want changes in pricing policy, but it depends on many factors and the crypto market as a whole. In my opinion, the price should first of all return to $1 per coin for a further start, and in this I am optimistic about the forecasts.
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I am optimistic about the development of Matic, because I myself chose it as the basis of my project. Of course, we want changes in pricing policy, but it depends on many factors and the crypto market as a whole. In my opinion, the price should first of all return to $1 per coin for a further start, and in this I am optimistic about the forecasts.
I think for the 1$ target there's no need for the optimistic approach, for sure 1$ is not a big deal for the matic, what kind of pricing policies are you talking about let us know, please. TBH Mtic has a lot more potential in it, I'm still expecting a straight 10x from here.
Using technical analysis, I expect MATIC to reach $12 in this bullrun. However, this is not investment advice, MATIC holders should monitor market developments, especially signals on BTC price chart, to make the most accurate and timely decisions.
Haha, yup we know that sir no need to mention, also thanks for your point of view.
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I used to really hope that Polygon (Matic) could really provide a good price increase and significant ecosystem development. But it seems that my expectations were too much. Even then, the price was still at that number. far from the development of its competitors who are currently developing their ecosystems and projects more seriously.
Honestly, for now, I'm quite worried. To reach a price of $ 1, I would definitely be very grateful if that happened because after all, this is already small enough to do it. Because there are already many competitors that make this coin possible so it won't develop much more.
Now the price is at $ 0.4866 and its position in the coin market cap is also getting lower and lower. Isn't this really a setback?
https://coinmarketcap.com/currencies/polygon/
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Now the price is at $ 0.4866 and its position in the coin market cap is also getting lower and lower. Isn't this really a setback?
https://coinmarketcap.com/currencies/polygon/
More than a setback it's a swan song.
Polygon has already crashed 66% since the March bull run and it's down 84% on its ATH.
When you're the 5th worst performer out of the top 50 coins on a YoY period it's clear that plating the same cards won't get you anywhere.
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After Solana's rise and lower gas fees, in addition to the presence of more Layer-2 and Layer-3 alternatives, the market share of MATIC will be much lower than in the past, and even Grayscale has started selling its holdings of that coin, so we may see some rises, but the pump will definitely be much lower than in the past.
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so we may see some rises, but the pump will definitely be much lower than in the past.
many cases in the crypto scene showed that they usually bounce back after a few months of dips for some this can be very demotivating and can make them lose some hope for the coin but with matic despite the low marketcaps it has a lot of active transactions so all hope is not lost yet
reaching $2 would be a huge win and it would be surprising to see it reach $4 which would have been a new ath but seems unlikely to happen
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Now the price is at $ 0.4866 and its position in the coin market cap is also getting lower and lower. Isn't this really a setback?
https://coinmarketcap.com/currencies/polygon/ (https://coinmarketcap.com/currencies/polygon/)
More than a setback it's a swan song.
Polygon has already crashed 66% since the March bull run and it's down 84% on its ATH.
It's unfortunate to see good projects become so undervalued, I was planning to invest in them in the coming months but there are no positive signs that the price will go up.
The market as a whole has moved away from Ethereum.
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Now the price is at $ 0.4866 and its position in the coin market cap is also getting lower and lower. Isn't this really a setback?
https://coinmarketcap.com/currencies/polygon/
More than a setback it's a swan song.
Polygon has already crashed 66% since the March bull run and it's down 84% on its ATH.
When you're the 5th worst performer out of the top 50 coins on a YoY period it's clear that plating the same cards won't get you anywhere.
It's sad to see the current automatic, who knows when it will return to its original price, I'm already pessimistic about the automatic and TRX, who knows what will happen in the future
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so we may see some rises, but the pump will definitely be much lower than in the past.
many cases in the crypto scene showed that they usually bounce back after a few months of dips for some this can be very demotivating and can make them lose some hope for the coin but with matic despite the low marketcaps it has a lot of active transactions so all hope is not lost yet
reaching $2 would be a huge win and it would be surprising to see it reach $4 which would have been a new ath but seems unlikely to happen
Recovery is usually linked to reasons and these reasons are not available in MATIC currently, so recovery will be difficult or linked to the market rise when the price of Bitcoin rises. Then if the price of matic doubles twice and the price of Bitcoin triples, then the growth of the project will be in red despite the rise.
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Now the price is at $ 0.4866 and its position in the coin market cap is also getting lower and lower. Isn't this really a setback?
https://coinmarketcap.com/currencies/polygon/ (https://coinmarketcap.com/currencies/polygon/)
More than a setback it's a swan song.
Polygon has already crashed 66% since the March bull run and it's down 84% on its ATH.
It's unfortunate to see good projects become so undervalued, I was planning to invest in them in the coming months but there are no positive signs that the price will go up.
The market as a whole has moved away from Ethereum.
It seems there is no movement behind it, Eth did also crash and it did way worse than bitcoin, but if you look at Matic and play with all 7/30 days periods things are way worse than the market average, it's even worse if you spread it to a YoY chart.
Although I don't believe in a crash happening I look at it more like a gamble now, it can for sure pay off but it can also earn you nothing.
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Hi dear fellows, Hoping you all are doing great these days.
So i've thought let's collect the community thoughts on the Matic as in my view polygon and ARB are the only perfectly developed L2 ecosystems, I'm expecting Matic to set a new ATH but I'm a little confused with my speculation because the L2's are not performing well these days even the ETH itself is under pressure, always to set an optimistic range for new ATH is to have a general comments from the entire community.
If possible give a price range in which you think Matic can stand.
If you believe in Matic's potential, the current market conditions might be a temporary dip before another climb. With Matic's strong fundamentals and growing ecosystem, there's optimism for a new ATH, but let's not forget the broader market dynamics. Maybe $1.50 - $2.00 as a hopeful range, but this is crypto, so buckle up! 😊
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Although I don't believe in a crash happening I look at it more like a gamble now, it can for sure pay off but it can also earn you nothing.
These are not the only indicators, some investment funds have started to get rid of their Matic holdings, and I thought they would do so if Ethereum fees were low or there was not enough momentum for layer 2 projects, but this has not happened yet.
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If you believe in Matic's potential, the current market conditions might be a temporary dip before another climb. With Matic's strong fundamentals and growing ecosystem, there's optimism for a new ATH, but let's not forget the broader market dynamics. Maybe $1.50 - $2.00 as a hopeful range, but this is crypto, so buckle up! 😊
Well said its crypto and we should acknowledge the potential risk and gains.
Hmm, that's the reason, and after learning maximum patterns of weak hands still, I'm not gonna give as a weak hand on my Matic holding, actually, I'm not worried about the recovery my serious concern is the new ATH, as Initially with the start of the cycle I was super bullish with Matic for a new ATH and after experiencing the pressure seem's like it needs a development boost.
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Hi dear fellows, Hoping you all are doing great these days.
So i've thought let's collect the community thoughts on the Matic as in my view polygon and ARB are the only perfectly developed L2 ecosystems, I'm expecting Matic to set a new ATH but I'm a little confused with my speculation because the L2's are not performing well these days even the ETH itself is under pressure, always to set an optimistic range for new ATH is to have a general comments from the entire community.
If possible give a price range in which you think Matic can stand.
As per your comments, the thoughts you have about the performance of Polygon (MATIC) and other L2 ecosystems are relevant to many. Although L2 solutions and ETH currently face some challenges, Polygon is gaining a strong technical base and community support.
The likelihood of MATIC making a new ATH depends on a few key factors:
1. Market Conditions: Overall crypto market conditions and the performance of ETH can affect the price of MATIC.
2. Technical Development: Polygon's new updates and
Support of projects, especially in NFT and DeFi fields.
3. Loyalty and User Growth: Growing Polygon's community and user base.
It is difficult to specify an exact price range, as it depends on various market conditions. However, some analysts may value Polygon between $1.50-$2.50, if the overall market remains positive and Polygon can successfully continue its technological development and projects.
Based on your thoughts and opinions, always remember that predictions in the crypto market can be very variable and uncertain. It is always better to get an overall picture based on various sources and analysis to determine the right price.
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1. Market Conditions: Overall crypto market conditions and the performance of ETH can affect the price of MATIC.
But so far, the development of Matic's price is very slow. Even when we talk about how the progress of Polygon itself is not fast and does not develop progressively like its competitors. Actually, the Polygon network is one that does have its own uniqueness, but unfortunately, it really seems to be left behind by several types of new networks that do have much faster and more serious progress. Like Solana and TON which are currently quite hype. So, Matic must have more efforts to make investors interested again to enter this coin. Honestly, I still have a lot of Matic that I have saved since several years ago for long-term investment.
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But so far, the development of Matic's price is very slow. Even when we talk about how the progress of Polygon itself is not fast and does not develop progressively like its competitors. Actually, the Polygon network is one that does have its own uniqueness, but unfortunately, it really seems to be left behind by several types of new networks that do have much faster and more serious progress. Like Solana and TON which are currently quite hype. So, Matic must have more efforts to make investors interested again to enter this coin. Honestly, I still have a lot of Matic that I have saved since several years ago for long-term investment.
Even before today I was a little afraid of the polygon matic coin future, you can say me that the I am in FUD.
But god saved me from the loss because of the recent recovery polygon make 16% huge pump in days. I will say it was a quick recovery that the Ethereum I am not comparing with the Ethereum but saying the positive side of it. I felt regret right now why I didn't make the investment when it was under the 40 cents.
Anyway it is recover my trust on it and I think I can hold it more the bull season start.
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Although I don't believe in a crash happening I look at it more like a gamble now, it can for sure pay off but it can also earn you nothing.
These are not the only indicators, some investment funds have started to get rid of their Matic holdings, and I thought they would do so if Ethereum fees were low or there was not enough momentum for layer 2 projects, but this has not happened yet.
Well, quite ironically Matic had one of its best weeks, if you would have played the catch the falling knife game, up almost 40%.
Of course, it matters not on the larger scale where it's actually down on yoy, or down 50% from the last bull run in March, but there are still signs of life, don't know if it's just a pump or something else but still.
Ignoring this, the numbers are really bleak, with estimates of 90% of long-term holders being in red.
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Well, quite ironically Matic had one of its best weeks, if you would have played the catch the falling knife game, up almost 40%.
Of course, it matters not on the larger scale where it's actually down on yoy, or down 50% from the last bull run in March, but there are still signs of life, don't know if it's just a pump or something else but still.
Ignoring this, the numbers are really bleak, with estimates of 90% of long-term holders being in red.
This week I have sold my Matic before bitcoin experienced a decline again, because I have already made a profit from the matic coin. I have prepared USDT waiting for the market to fall again, because the original market estimate experienced a decline again, this is just my prediction because I see the development of the market lately.
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This week I have sold my Matic before bitcoin experienced a decline again, because I have already made a profit from the matic coin. I have prepared USDT waiting for the market to fall again, because the original market estimate experienced a decline again, this is just my prediction because I see the development of the market lately.
Does this mean you're planning to buy in Matic again if it drops further or are you completely out of the game and looking for other coins?
Or you're just waiting for a dump and then buying something else that looks packed with more promise?
Either way I don't see anything significant happening do drown the whole market right now enough to matter.
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If you believe in Matic's potential, the current market conditions might be a temporary dip before another climb. With Matic's strong fundamentals and growing ecosystem, there's optimism for a new ATH, but let's not forget the broader market dynamics. Maybe $1.50 - $2.00 as a hopeful range, but this is crypto, so buckle up! 😊
Well said its crypto and we should acknowledge the potential risk and gains.
Hmm, that's the reason, and after learning maximum patterns of weak hands still, I'm not gonna give as a weak hand on my Matic holding, actually, I'm not worried about the recovery my serious concern is the new ATH, as Initially with the start of the cycle I was super bullish with Matic for a new ATH and after experiencing the pressure seem's like it needs a development boost.
No need to worry about the ATH of your friend's matic, if you still have matic, you should hold it until next year, because currently the price of bitcoin is experiencing a correction and it looks difficult to rise to $65K, so almost all altcoins are also struggling.
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Matic is best coin there has no doubt. Now It's price is very low.I saw now Matic price is near about $0.40. And it’s position 21th on cryptocurrency market. Now i am seeing this price of polygon matic is up and down Between $0.40 to 0.$49. And we know previous bull session its price was $1+.
I think from now it’s price will increase. And we are hopping end of the year matic price will be $1 again. I have some matic i think i will be huge profitable from matic.
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The supply of Polygon coins is very large, around 10,250,455,715 POL and to reach a price of 1 USD alone means needing money in circulation of around 10,250,455,715 USD. But finance in crypto changes very quickly, I also saw Polygon's initial price was around 0.6 USD on Coinmarketcap. Maybe reaching 1 USD is easy if there are many supporting factors for the progress of the Polygon Matic coin.
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Finally, some positive flow is now starting, POL is performing well in the 24 hours and it is expected that we are gonna hit a blasting performance graph if market shows some more positive intent in coming few days. POL was not performing well from quite a long time in the pressure of market correction but now finally some things are moving in the right direction.
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The supply of Polygon coins is very large, around 10,250,455,715 POL and to reach a price of 1 USD alone means needing money in circulation of around 10,250,455,715 USD. But finance in crypto changes very quickly, I also saw Polygon's initial price was around 0.6 USD on Coinmarketcap. Maybe reaching 1 USD is easy if there are many supporting factors for the progress of the Polygon Matic coin.
Interesting to see how things will go after the rebrand to POL ;D
It sure did some moves on the market, not the good ones.
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The supply of Polygon coins is very large, around 10,250,455,715 POL and to reach a price of 1 USD alone means needing money in circulation of around 10,250,455,715 USD.
It'sno that much, matic/pol had an ATH of 2.92 back in the last bull run, so even if it looks much a $1 per coin price means only 33% of the previous, while totally doable it would rather be a disappointment than an achievement if that is all it can grow to!
Matic is best coin there has no doubt. ~And it’s position 21th on cryptocurrency market.
Why? And no it's not #21 it's #71
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The supply of Polygon coins is very large, around 10,250,455,715 POL and to reach a price of 1 USD alone means needing money in circulation of around 10,250,455,715 USD. But finance in crypto changes very quickly, I also saw Polygon's initial price was around 0.6 USD on Coinmarketcap. Maybe reaching 1 USD is easy if there are many supporting factors for the progress of the Polygon Matic coin.
POL price reaching $1 could happen during the bullish season next year, so if we have a target of $1 we should hold it until next year. Currently POL price is $0.4, there is still potential to go up to $1. Polygon is still a potential coin and has a fairly large community.
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The supply of Polygon coins is very large, around 10,250,455,715 POL and to reach a price of 1 USD alone means needing money in circulation of around 10,250,455,715 USD. But finance in crypto changes very quickly, I also saw Polygon's initial price was around 0.6 USD on Coinmarketcap. Maybe reaching 1 USD is easy if there are many supporting factors for the progress of the Polygon Matic coin.
POL price reaching $1 could happen during the bullish season next year, so if we have a target of $1 we should hold it until next year. Currently POL price is $0.4, there is still potential to go up to $1. Polygon is still a potential coin and has a fairly large community.
Before reaching the price of 1 dollar, I noticed this morning that the Polygon coin dropped again to 0.34 dollars and I think this is very gloomy, considering that the price of Polygon is getting lower and harder to control. The calculation if you want to reach 1 dollar from 0.34, I think it's 300% for the increase and this is very difficult in my opinion if Polygon does not provide the latest innovation in coin carrier technology.
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I am optimistic about the development of Matic, because I myself chose it as the basis of my project. Of course, we want changes in pricing policy, but it depends on many factors and the crypto market as a whole. In my opinion, the price should first of all return to $1 per coin for a further start, and in this I am optimistic about the forecasts.
I agree at least go back to 1$ first then go up to 2 and so on for POL, but if the dev doesn't provide development for the community I think POL won't be able to keep up with the bullrun that will come soon,
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Before reaching the price of 1 dollar, I noticed this morning that the Polygon coin dropped again to 0.34 dollars and I think this is very gloomy, considering that the price of Polygon is getting lower and harder to control. The calculation if you want to reach 1 dollar from 0.34, I think it's 300% for the increase and this is very difficult in my opinion if Polygon does not provide the latest innovation in coin carrier technology.
Of the many coins that have started pumping, even coins that were four drops yesterday have been very drastic, only for now, POL is one that is indeed very difficult to rise and move high like other top coins. We compare it with ADA and XRP, it is really different and even the price of POL is still in the range of $0.5, not rising or falling drastically. Is it possible that this coin can really rise to its ATH and exceed the highest price?
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To be honest once upon a time I literally compared the polygon matic coin to the ADA (Cardano) coin but for now I want to say that already we are seeing on the market how was the cardano market cap and how was the polygon market cap there is literally a big difference and about the ranking make their position where polygon was in the 30.
Even then I have to say about something on polygon price then I want to say that the alt season is coming and that's why we are seeing that the altcoins are having increase on their price same goes for the polygon coin but about the highest price of its I am expecting about 1.5 dollar for this time.
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Of the many coins that have started pumping, even coins that were four drops yesterday have been very drastic, only for now, POL is one that is indeed very difficult to rise and move high like other top coins. We compare it with ADA and XRP, it is really different and even the price of POL is still in the range of $0.5, not rising or falling drastically. Is it possible that this coin can really rise to its ATH and exceed the highest price?
When you check coins by YoY performance and you see that on the whole page, there are just a few that are still in the red, with POL being one of them you normally start to lose optimism, while it has some kind of performance for the last 30 days period, it went down so bad before the bull run that it's making things nearly impossible for a comeback that would make the headlines.
Feels like the coin has grown old and lost its shine before making waves1
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Of the many coins that have started pumping, even coins that were four drops yesterday have been very drastic, only for now, POL is one that is indeed very difficult to rise and move high like other top coins. We compare it with ADA and XRP, it is really different and even the price of POL is still in the range of $0.5, not rising or falling drastically. Is it possible that this coin can really rise to its ATH and exceed the highest price?
When you check coins by YoY performance and you see that on the whole page, there are just a few that are still in the red, with POL being one of them you normally start to lose optimism, while it has some kind of performance for the last 30 days period, it went down so bad before the bull run that it's making things nearly impossible for a comeback that would make the headlines.
Feels like the coin has grown old and lost its shine before making waves1
Are you referring to this Waves coin? https://www.coingecko.com/en/coins/waves
I see the Waves coin on Coingecko seems to match your statement. Although I see this Polygon coin is more inclined to continue to rise if you look at the chart since Polygon changed its name, but for the history I don't know because it was previously a Matic coin.
https://www.coingecko.com/en/coins/polygon , all time high of Matic is 2.53 dollars and now price of Polygon is 0.73 dollars , still so far to reach all time high.
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The more I check the price of POL, the more desperate I am. Really. I hope that POL can really reach the $1 mark. But it seems like it will be very difficult, even at this time, the price is only around $0.1. This is a really good project but its progress and development are really non-existent. There are so many obstacles. Even though this coin does not experience bad FUD like XRP, this coin is still really not hopeful. This is even like a dead coin. I really regret why in the past era, I actually included this coin as one of the investment assets that I bought. Experience really tells me many things to be much careful, better and wiser in the future.
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Of the many coins that have started pumping, even coins that were four drops yesterday have been very drastic, only for now, POL is one that is indeed very difficult to rise and move high like other top coins. We compare it with ADA and XRP, it is really different and even the price of POL is still in the range of $0.5, not rising or falling drastically. Is it possible that this coin can really rise to its ATH and exceed the highest price?
When you check coins by YoY performance and you see that on the whole page, there are just a few that are still in the red, with POL being one of them you normally start to lose optimism, while it has some kind of performance for the last 30 days period, it went down so bad before the bull run that it's making things nearly impossible for a comeback that would make the headlines.
Feels like the coin has grown old and lost its shine before making waves1
And even worse, in the last 1 month, the price of POL has dropped further, more than -17.54%. Crazy, I'm getting more frustrated with POL that I bought last year. I thought that POL would be able to rise because it was indeed one of the potential coins at that time, but day by day, the price has plummeted. It's like there is no more hope for POL holders to be able to enjoy the results of investing in this one coin. So, you have to be ready to accept that during the altcoin season later, POL really can't optimally rise significantly.
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Of the many coins that have started pumping, even coins that were four drops yesterday have been very drastic, only for now, POL is one that is indeed very difficult to rise and move high like other top coins. We compare it with ADA and XRP, it is really different and even the price of POL is still in the range of $0.5, not rising or falling drastically. Is it possible that this coin can really rise to its ATH and exceed the highest price?
When you check coins by YoY performance and you see that on the whole page, there are just a few that are still in the red, with POL being one of them you normally start to lose optimism, while it has some kind of performance for the last 30 days period, it went down so bad before the bull run that it's making things nearly impossible for a comeback that would make the headlines.
Feels like the coin has grown old and lost its shine before making waves1
And even worse, in the last 1 month, the price of POL has dropped further, more than -17.54%. Crazy, I'm getting more frustrated with POL that I bought last year. I thought that POL would be able to rise because it was indeed one of the potential coins at that time, but day by day, the price has plummeted. It's like there is no more hope for POL holders to be able to enjoy the results of investing in this one coin. So, you have to be ready to accept that during the altcoin season later, POL really can't optimally rise significantly.
I can't recommend holding POL because I'm also trapped in the price because I bought it at a high price because I hoped this coin would go up, but in fact POL didn't show good progress. which made me switch to other altcoins.
In investing, sometimes our hopes don't match reality, maybe because our analysis is wrong.