Polygon Price - Live MATIC Value Chart & Market Cap [2023] (2023)

Polygon Price Overview

The current Polygon price is Polygon Price - Live MATIC Value Chart & Market Cap [2023] (1) EUR. The price has changed by EUR in the past 24 hours on trading volume of Polygon Price - Live MATIC Value Chart & Market Cap [2023] (2) EUR. The market rank of Polygon is based on a market capitalization of Polygon Price - Live MATIC Value Chart & Market Cap [2023] (3) EUR. Polygon has a circulating supply of Polygon Price - Live MATIC Value Chart & Market Cap [2023] (4). The highest recorded Polygon price is Polygon Price - Live MATIC Value Chart & Market Cap [2023] (5) EUR. And the lowest recorded MATIC price is Polygon Price - Live MATIC Value Chart & Market Cap [2023] (6) EUR.

How do Polygon price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.

Originally known as Matic Network, Polygon is an Ethereum scaling solution that improves the speed and efficiency of the Ethereum network through the use of Layer 2 sidechains. A single Polygon sidechain can handle up to 65,000 transactions per second with a block confirmation time of under two seconds. By combining a proof-of-stake consensus mechanism with the Plasma Framework, Polygon supports the execution of scalable smart contracts, and so far more than 50 decentralized applications (dApps) have been built on it.

Polygon’s native cryptocurrency, MATIC, is an ERC-20 token that is used to pay transaction fees and secure the network. Since first hitting the market in 2019, the price of MATIC has been through some significant changes, and if you want to know why then you’re in the right place. We’ve compiled everything you need to know about MATIC price – as well as the factors which influence it.

Polygon Price History

Following a $5.6 million ICO, Polygon (MATIC) entered the crypto market at the end of April 2019 trading at around $0.0025. In its first month, it shot up by 1,800% to peak at $0.047 in May. It quickly crashed back down to $0.023 over the next two weeks and had fallen to below $0.01 by October. There was another spurt of growth at the end of November which took MATIC’s price up to $0.044 by December 9th. This was followed by an even more sudden crash that saw MATIC drop by 50% in a single day, and by the end of the year it was valued at $0.014 – more than five times its starting value, but a 70% decrease from its peak.

2020 failed to provide any lasting price changes. MATIC climbed for the first couple of months to regain $0.03 in March. However, it quickly fell to $0.007 a week later after a single-day crash of over 50%. There was renewed bullish momentum for the next few months which took prices as high as $0.034 in August. This was followed by another dip at the start of September and MATIC declined for the next two months before ending the year at a value of $0.017 – only slightly higher than the year’s opening price.

The most exciting year so far for Polygon was 2021. The price of MATIC more than doubled in January as it broke $0.04. Then in February, the growth became exponential as MATIC increased by over 500% to reach $0.23 at the end of the month. March brought even more gains when a surge of more than 40% in a single day took MATIC to its all-time high of $0.54 on March 11th. Polygon’s market cap exceeded $2 billion at this point. A 46% pullback briefly took prices below $0.30 before the end of March, but the bearish trend ended there and by mid-April, MATIC had climbed back up to $0.40. This represented year-to-date gains of 2,160%.

Analyzing Polygon Price History

MATIC’s price history can be analyzed with many of the same techniques as stock market analysis. Technical analysis (TA) involves looking at the charts to make sense of previous price movements. With MATIC, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell their coins on exchanges.

Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Polygon is backed by Binance and Coinbase, and the Plasma Framework it uses was proposed by Ethereum co-founder Vitalik Buterin. There are also a range of different projects using Polygon architecture including Aavegotchi and Decentral games. These facts would appear to be a positive sign for Polygon’s fundamentals.

Broader market trends have also played a role in MATIC’s price history. MATIC’s huge single-day drop in March came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.

The surge MATIC experienced at the start of 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run at this point, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.

The overall price trend of MATIC tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.

Factors Influencing The Price of Polygon (MATIC)

A variety of different things can affect the price of MATIC, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider cryptocurrency and global economies.

Polygon has a capped max supply of 10 billion MATIC tokens which will be reached by December 2022. After this point no new MATIC will ever be created, making it a scarce asset that isn’t subject to inflationary effects. As the supply is fixed, any change in demand will likely impact MATIC’s price.

MATIC is required to pay transaction fees on Polygon, so if the adoption of the network increases and more dApps are built on it, there will be upward pressure on the price of MATIC. Polygon has previously partnered with MakerDAO and Circle to bring DAI and USDC, respectively, to the network. US banks have been given the green light to use stablecoins in their operations, and if they choose Polygon for stablecoin settlements there will be greater demand for MATIC.

Another reason for MATIC demand is the staking rewards it offers. MATIC holders can become validators by staking their tokens to help secure the network. In return, they earn staking rewards which can range from 6.5% to 650% annually depending on the proportion of MATIC tokens being staked. Those who don’t want to set up a validator node can still earn staking rewards by delegating their coins to a validator. These rewards could encourage more people to buy MATIC for staking, thereby pushing up its price.

Live Polygon Value and Market Cap

The live price of MATIC varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux.

Given MATIC’s volatility, its live price can change by a large amount in a very short space of time. The market cap of Polygon is equal to the price of MATIC multiplied by the number of MATIC in circulation.

Polygon Price FAQ

What Is the Highest Price of Polygon in EUR?

Polygon price history shows that MATIC has recorded a peak value of Polygon Price - Live MATIC Value Chart & Market Cap [2023] (7) EUR.

What Is the Lowest Price of Polygon in EUR?

Kriptomat data confirms that Polygon Price - Live MATIC Value Chart & Market Cap [2023] (8) EUR is the lowest recorded Polygon value.

How Can I Buy Polygon?

There’s no need to consult an expert to tell you how to buy Polygon. It’s fast and easy to buy MATIC at Kriptomat. Polygon is available for immediate purchase at the current MATIC price quote of Polygon Price - Live MATIC Value Chart & Market Cap [2023] (9) EUR. Current prices are always displayed in the MATIC chart.

What Is the Current Price of Polygon in EUR?

Polygon is available for immediate purchase at Kriptomat. The current price is Polygon Price - Live MATIC Value Chart & Market Cap [2023] (10) EUR.

How is the price of MATIC calculated?

MATIC’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying MATIC than selling it, the price goes up, and when more are selling than buying, the price goes down.

Why is the price of MATIC different on different cryptocurrency exchanges?

MATIC’s price is based purely on trading as there is no standard global MATIC price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affects the price.

What will MATIC be worth in the future?

It’s impossible to make price predictions with any kind of certainty as a whole host of different factors could impact MATIC’s future value. However, if more dApps are built on Polygon and adoption of the network increases, this would likely drive up MATIC’s price.


The price of MATIC has been through some major changes – from being worth a quarter of a cent when it launched in 2019 to reach an all-time high above $0.50 in 2021. The journey wasn’t a smooth one, however, as MATIC’s volatility led to many surges and crashes along the way providing opportunities for active traders to take advantage of.

A variety of different factors have played a role in determining the price of MATIC, including the staking rewards it offers, dApps being built on Polygon, and trends in the rest of the crypto market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Polygon and cryptocurrencies!

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