Matic Network Price Prediction: Will the Coin Surprise Us in 2019 & 2020?

Matic Network Price Prediction: Will the Coin Surprise Us in 2019 & 2020?

MATIC token belongs to IEOs conducted in 2019. However, unlike other post IEO coins, this one wasn’t very successful (at least at the beginning of its journey in the Binance trading list). What is the essence of this project and what are its prospects?

What is Matic Network?

This is a multifunctional blockchain platform that aims to simplify a decentralized ecosystem and provide cheap and fast transactions. The idea of its developers is to maximize the use of the blockchain in all spheres of life.

Directions for using the new platform:

  • Payments. Can be held in seconds. Users can instantly be calculated in cryptocurrencies (ERC20, ETH, etc.).
  • Decentralized currency exchange. Developers report that decentralized exchanges can reap many benefits from using Matic, in fact, “being on steroids” due to integration.
  • Game networks. Traditionally, game developers centrally controlled in-game currency and other gamers’ assets. Users actually did not have full “physical” control over money (say, gold, in World of Warcraft), armory, and other in-game items. The platform is designed to solve this problem, speed up the trade processes between players and ensure their decentralization.
  • Creating applications of diverse functionality and complementing the possibilities of existing apps. In particular, the platform offers solutions for secure signing of transactions, lending in cryptocurrency and ensuring the safety of personal data.

Matic Network Peculiarities

According to the official website, the network has the following features:

  • Scalability. This task is achieved due to using Plasma operator mechanism. The platform has a sidechain tree architecture which allows up to 65k TPS.
  • User-friendliness. It has native mobile applications and software development kit which support WalletConnect.
  • They have their own version of PoS algorithm.
  • Mobility of assets. In the near future, virtual tokens may be exchanged between different blockchain platforms.
  • DeFi (Decentralized Finance). DeFi apps may be hosted on the network’s sidechains.

MATIC Token

Initial exchange offering (MATIC tokensale) was performed on April 1, 2019. Starting price was $0.0035 or near 0.00000055 BTC.

Directly after listing (2019-04-26), this altcoin was traded at about 0.000001 BTC mark, that is, its value doubled. However, in two next weeks its price fell twice. After strong bullish movements, it returned to about 0.000001-0.00000066 BTC (at the moment of writing).

Matic News and Announcements

By the middle of the summer of 2019, the project announced a lot of important updates. In our opinion, the most fundamental on them include:

  • launch of Mainnet (alpha version);
  • support of deposits and withdrawals of Ethereum-based assets;
  • support of ERC721-ERC20, ERC20-ERC20, ERC721-ERC721 transactions;
  • adaptation of Proof-of-Stake validators.

Matic Network Price Prediction – Our Viewpoint

We fully agree with GoodTime Nation, who claim that Matic is entering a highly competitive space – offchain scaling. A multiplicity of blockchain platforms are also focused on high-throughput using off-chain mechanism. In particular, these include Celer Network and Raiden (RDN). In May 2019, the coin was well pumped on Binance, attracting decent volumes. Some bloggers predicted parabolic growth of Matic, given that this is the brainchild of Binance and Coinbase. After all, Coinbase Ventures was one of the investors in this project, it’s natural that the company wants to get good “dividends”. In addition, the compatibility between the Coinbase Wallet and the wallet of the platform was proclaimed. Therefore, the scenario of listing on Coinbase with another forceful price surge is quite possible.

matic network scam or not
Matic Network Telegram channel

Project support from leading cryptocurrency exchanges has a very powerful influence on the psychology of users. This is a very important pricing factor in any market, and the cryptocurrency market is doubly sensitive to crowd sentiment. Here is a prime example of the “power of the name.”

For users, the fact that Binance and Coinbase are behind the project is enough to be sure of the integrity of its team and the great prospects for the cryptocurrency. This gives reason to think that the project has great credibility, which is beneficial to those who managed to buy a new token at an affordable price. We can not judge whether such a blind faith in the authority of the flagships of the market is justified. We trust only the facts. The facts say that even in the case of insufficiently effective development of the project, the inertia, which was given by the trust of users, will keep interest to the Matic Network and its token for a long time.

In spite of bull Bitcoin market which started in spring 2019, the token may bring some profit for investors and traders.

The good & promising news is also that Binance makes a bet on Matic Wallet while building its decentralized empire. At the end of April 2019, the exchange offered $60,000 in crypto for its testing.

Matic Cryptocurrency Price in 2019 and 2020

The value of this token would be highly dependent on the market situation. It seems Matic will grow together with BTC and other altcoins.

Will it be able to show parabolic growth? Here it is necessary to approach with a fresh head and understand that the so-called IEO-tokens are characterized by hype at the initial stage of development followed by virtually unpreventable decline in interest. For example, attention-attracting events (IEO, listings on top exchanges) will no longer exist or they will be less significant. Let’s remember Selfkey (Key). This altcoin grew very well after Binance’s listing in the summer of 2018. But this situation did not last long (about a month), then the expected decline began. Now few people remember about the coin. Its trading volumes, to put it mildly, are rather weak. In the project’s defense, we can say that it seems to have better trustworthiness (as explained above).

After such a decline, the uniqueness of a project and its current technological solutions come to the fore. We rate these Matic Network indicators as satisfactory ones. However, they are far from ideal.

We believe that the peak of growth in medium-term perspective is expected in 2019. But 2020 will be more difficult for the project, which, however, does not exclude the token’s rising in price.

Disclaimer. Please don’t treat this info as investment advice. It can be used in conjunction with your own analysis of the situation on the cryptocurrency market.

Matic Network Price Prediction: Will the Coin Surprise Us in 2019 & 2020?
4.7 (93.53%) 34 vote[s]