The last couple of years have seen a surge in the number of new cryptocurrencies making an entry to the crypto space. And one of them is MATIC. It is a completely new blockchain technology designed to create a hassle-free decentralized ecosystem where users can perform easy and instant money transfers at low prices.
If you are a crypto enthusiast or have been in the space long enough to know the market, then you would know that cryptocurrency can be used as a tool for money transfer, across industries and in all areas of life, if implemented in the right way. And MATIC coin can bring in a whole new life to this idea.
This is a two-part article created by the experts at ChangeNOW. The first part takes a deep look at the MATIC price prediction for 2020 beyond by the industry experts, and the second part is all about providing a general review of MATIC coin.
Let’s get started.
What is MATIC?
MATIC is a layer-2 scaling blockchain where users can perform simple, protected, and quick off-chain operations for payment transactions in addition to a comprehensive off-chain contract. The primary goal of MATIC blockchain to develop a plasma-influenced layer two scaling solution to empower throughput capable of achieving the demand for the transaction for mass adoption of decentralized applications (dApps).
It strives to solve the notorious usability and scalability issues of blockchains in general while ensuring that it doesn’t compromise on other essential concepts like decentralization. It is an off/side chain scaling platform for existing solutions to provide superior user experience and scalability to decentralized apps and user functionalities.
It works in a way that:
- You will deposit crypto assets in MATIC contract, which is implemented with Ethereum blockchain
- Once you deposit the assets, the tokens you receive will be confirmed on the mainchain. On the other hand, the corresponding tokens are reflected in the MATIC chain
- After this, you can transfer tokens to different users instantly with a negligible fee attached. One of the great aspects of MATIC chain is that it has faster blocks that make the transfer within a fraction of second
- You can withdraw the remaining tokens through the mainchain. For this, you will have to establish proof of remaining tokens on the Root contract. This is a contract deployed on the Ethereum chain.
MATIC Price Prediction 2020
Currently, MATIC is priced at $0.0132. It was introduced to the market in 2019. At that time, MATIC’s price was $0.003012. Twelve days later, the price of the token reached $0.045017. MATIC will complete a year since its establishment in May 2020, and it is predicted that the price can go anywhere depending on the market scenario. Since its launch, the price of MATIC has fallen drastically. Hence, people aren’t enthusiastic about investing in this crypto space.
Here is what experts and industry players have to say about MATIC price prediction.
As per GovCapital, they are quite optimistic about the cryptocurrency. Considering history, they believe that MATIC will regain its lost value and might reach the value of $0.042 by the end of 2020.
#2 Trading Beasts
Trading Beasts is an industry specialist when it comes to market predictions in the crypto space. Earlier, the website had predicted that MATIC’s price would reach $0.0199250 at the beginning of 2020. According to them, the lower range MATIC could reach by the end of 2020 is $0.0170630, and the maximum it could attain is $0.0250926.
#3 Wallet Investor
Based on Wallet Investor’s prediction, MATIC could prove to be a beneficial long-term investment. In the meantime, they believe that the MATIC price could reach up to $0.0236 by the end of 2020.
MATIC Long Term Price Prediction
While industry specialists are afraid of making any long-term predictions for MATIC, they still believe that the current market scenario is ideal for MATIC to grow as a cryptocurrency. The creators need to promote the project wisely.
Nevertheless, they believe that in the coming five years, MATIC’s price could reach $0.0572 with a long-term earning potential of +51.05%.
Where to buy MATIC?
There are plenty of cryptocurrency exchanges from where you can buy MATIC. Listed below are the most popular ones.
Buying MATIC tokens from a platform like ChangeNOW will allow you to use both fiat and cryptocurrency for making the transaction.
What is the best MATIC wallet?
PlasmaPay is considered the best MATIC wallet in the present scenario. It is a multi-platform solution with messenger bots and mobile apps. The best part is that you can send and receive cryptocurrency to your peers using this wallet. In addition to that, you can exchange crypto-to-crypto by the market price.
It is still quite early to say the roadmap of MATIC since the majority of people aren’t aware of this cryptocurrency. So, it is recommended to keep a close eye on it if you are considering investing.
Disclaimer: This article reflects its author’s opinion only and is not financial advice. We take no responsibility for the results of any trader’s decision or action.