Polygon (POL) Price Prediction $100, $1000?

Polygon (POL) is a layer 2 blockchain solution for Ethereum, addressing scaling, speed, and transaction fee issues. It enhances Ethereum’s performance through its security service, leveraging either Ethereum’s blockchain or its pool of professional validators. Key features include minimal transaction fees and higher speeds. Polygon supports NFT minting and staking via its native token, POL, and enables low-cost NFT trading, with platforms like OpenSea and Aavegotchi utilizing it. It also supports DeFi apps such as Compound and Aave, and digital payment apps like Atomic Swap and Jelly Swap.

The POL token serves two main purposes: it is used to pay gas fees for transactions on the Polygon network and as a reward mechanism for participants in its Proof of Consensus system, where tokens can be staked to earn rewards. In terms of price performance, POL has been a poor quality of investment recently.

Polygon Price Performance So Far

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Last 7 Days	-12.3%
Last 1 Month	-16.3%
Last 12 Months	-65.0%
Quality Of Investment	Poor

Polygon – Buy or Sell? Select One

• Jan 9th: +20%
• Jan 18th: +13%
• June 18th: -27%

Polygon Latest Updates

• June 18th: POL is witnessing a surge in holders. POL now has close to 60,000 holders, which is an increase of around 1500 holders in the last 7 days.
• Jan 18th: Polygon has struggled to capitalize on the bullish market trend, failing to gain enough support to break above $0.50. However, the outlook for Polygon has shown improvement. Institutional signals and social media sentiment are bullish for the asset, while whale activity remains neutral.

POL Price Prediction $100

Yes, Polygon could reach $100 if 75-90% of the Tokens are destroyed.

To reach $100, POL will need to rise 510.20x.
At $100, the target market cap will be approximately $1.05 trillion.
If POL grows at 25% annually, it could take around 28 years to reach $100.

• Ethereum went from $2 to $200 in less than 2 years
• Binance went from $1 to $100 in less than 4 years
• BTC went from $100 to $10000 in less than 4 years

The aggregate Polygon Price Prediction for 2030 is $12.7. This is significantly below the target price of $100. Therefore, there is no chance of Polygon reaching $100.

Can Polygon Reach $1000?

No, Polygon will not be able to reach $1000 even if a significant number of the Tokens were destroyed.

To reach $1000, POL will need to rise 5,102.04x.
At $1000, the target market cap will be approximately $10.49 trillion.
If POL grows at 25% annually, it could take around 39 years to reach $1000.

• Despite being one of the most attractive blockchain networks, some hurdles could derail the journey of POL to reach $1000. Polygon’s biggest competitor is Ethereum, and with the way ETH is marching ahead, there may be a time when most of the cryptos will move to the Ethereum blockchain.
• Despite Polygon positioning itself as a solution for Ethereum’s Scaling, Speed, and Transaction Fee issues, the low adoption of Polygon may become a barrier to its rise.
• It must be noted that Polygon has not been able to build a consumer connection on par with, say, Shiba Inu or Dogecoin, specifically in the United States. While this has improved over the last few months, it hasn’t reached the same levels as Shiba Inu, while just about matching Dogecoin. Given Dogecoin’s use cases, POL is underperforming.

Polygon is one of the most innovative and well-funded projects. Like all, it has some drawbacks, but the advantages of the Polygon blockchain outweigh the drawbacks. Polygon has a bright future, and the rise of Polygon is imminent. However, it needs nearly 20 years to reach $1000, and it has no burn program at the moment to reduce that time. It is almost impossible to forecast 50% growth a year for the next 18 years. At the moment, we predict Polygon can’t reach $1000.

Will Polygon Reach $10000?

To reach $10000, POL will need to rise 51,020.41x.
At $10000, the target market cap will be approximately $104.87 trillion.
If POL grows at 25% annually, it could take around 49 years to reach $10000.

• Quality of Investment– Moderate
• Growth required to reach $10,000– Not Feasible
• Market Cap at $10,000– Not Feasible

Considering the Quality of Investment, the growth required, and the time required, POL has no chance of reaching $10,000.

Compare whether Polygon is a better or worse investment option than other Cryptocurrencies

Note: Please consult a registered investment advisor to guide you on your financial decisions.