The cryptocurrencies world will remember 2021 as a great year. The prices of several digital coins and tokens reached unprecedented levels. Some of the major performers of 2021 were Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC), Terra (LUNA), Dogecoin (DOGE), and more.
In particular, Solana had a whopping +16,000% price increase within a year, making it one of the top crypto performers of 2021. It set its current all-time high price on December 27, 2021, trading at $2.92. In January 2021, the MATIC price was around $0.02. As of the second week of April 2022, each MATIC coin sells at approximately $1.38.
The MATIC price dropped by more than 50% in a few months. This steep fall has worried traders and investors; some consider converting their MATIC assets to a more stable cryptocurrency. Experts regard Bitcoin (BTC) and Ethereum (ETH) as the most stable crypto investments. So, is it wise to convert MATIC to BTC? Let us discuss it in detail.
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Polygon (MATIC): Overview and Projections
Polygon was founded in October 2017 as Matic Network. Initially, it ran on the Ethereum platform, where it made significant developments and contributions. In 2019, Polygon moved to its own blockchain. Currently, Polygon functions as a scaling solution for the Ethereum platform. It is often called “Ethereum’s Internet of Blockchains.”
Some cryptocurrencies experts think the MATIC price could soar to $3.4 in 2022, setting a new all-time high. Accordingly, this cryptocurrency will not sell for less than $3.5 in 2023, possibly reaching $3.9. This bullish trend will likely continue in 2024 when MATIC sells at an average price of $4.9. However, it could reach $6 by the end of that year. In 2025, the MATIC price will be $5.7 on average.
Bitcoin (BTC): Overview and Projections
There is little one can write about Bitcoin that has not been written before. Bitcoin was launched in 2009 as the first cryptocurrency. A person (or group of developers) named Satoshi Nakamoto conceived this cryptocurrency as a decentralized network for peer-to-peer (P2P) payments. As of today, it is the most valuable and popular digital coin.
There is a total supply of 21 million BTC coins, of which over 19 million are already in circulation. The all-time high BTC price is $68,789.63, reached on November 10, 2021. As of the second week of April 2022, each BTC coin sells at around $40,050. Experts believe the BTC price could skyrocket in 2022, sending it to $100K by the end of the year. By 2025, this price will likely double, making each BTC coin worth $200K.
Litecoin (LTC): Overview and Projections
What if you hold Litecoin? Should you convert LTC to BTC? A few years ago, Litecoin was one of the most popular cryptocurrencies, together with Bitcoin and Ethereum. It ranks as the #21 most valuable cryptocurrency by market capitalization. It was launched in October 2011 as a network for fast and low-cost payments. Many of its technical features are based on BTC technology.
Litecoin reached its all-time high price on May 10, 2021, trading at $412.96. The current LTC price is approximately $110. This coin depreciated to more or less 25% of the all-time high value in less than a year. However, experts are optimistic about this digital asset. The LTC price will likely fluctuate between $191 and $219 in the second half of 2022. It will fluctuate between $254 and $350 throughout 2023. In 2025, this digital coin will not sell for less than $390, possibly reaching $500.
So, after analyzing these predictions, MATIC is the best investment for 2022, followed by BTC.