What are your expectations from Matic by the end of the cycle?

[Manna]

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.

[sampoerna]

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.

[Crypto Library]

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.

[Stompix]

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.

[legend45]

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.

[Stompix]

~

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.

[doc]

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.

[kulkhan]

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.

[erus]

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.

[Hamza2424]

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.

[enoch_from_off]

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
It sure did some moves on the market, not the good ones.

[Stompix]

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

[doc]

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.

[kai]

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.

[MUGNIA]

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,