MATIC to WAX: When to Swap?

You have some Polygon tokens in the crypto wallet and are wondering whether to convert MATIC to WAX today. Before you get into deep trading analysis and check out technical indicators, read our guide and learn about the basics of these currencies.

What Is MATIC?

Polygon is a blockchain platform that focuses on connecting projects based on Ethereum. It operates alongside the ETH blockchain, and its goal is to improve its scalability, interoperability, and security. Since Polygon operates on Ethereum, MATIC is an ERC-20 token.

PolyBFT consensus mechanism is the one applied throughout this network. It relies on the IBFT (Istanbul Byzantine Fault Tolerance) 2.0 protocol, which maintains network integrity even when malicious nodes are present. The biggest Polygon advantage is that it can process a block in about two seconds. It’s also capable of processing up to 65,000 transactions per second while keeping the transaction fees low.

What Is WAX?

Worldwide Asset eXchange is a protocol token and blockchain designed to simplify and speed up crypto transactions. It primarily caters to gaming, e-commerce, and virtual worlds.

WAX offers companies the infrastructure to use NFTs, and the major brands partnered with it include Atari, Funko, Capcom, and Topps. The platform is famous for its eco-friendly and efficient ecosystem, and it can thank the delegated Proof-of-Stake consensus mechanism for its speed. DPoS is a mechanism where token stakers can vote for delegates in a democratic voting system.

Some popular projects on the network include Alien Worlds, AtomicHub, and NFTHive. The platform offers a set of tools, including ExpressTrade, that makes it easy to switch to P2P trading, NFT creation, and a WAX cloud wallet.

As you can see, knowing more about the tokens you plan to add to the trade is imperative. Whether you compare XRP vs SOL or any other coins, make sure to be informed about the projects and the latest events.

Do These Crypto Have a Future?

The short answer would be yes, but let’s get to know the currencies first.

MATIC is currently worth $0.695 per token, which is enough for a position between tenth and fifteenth place in the crypto rankings. The token has a market cap of over $6.3 billion and about 93% of coins in circulation — 9.31 billion compared to the total supply of ten billion. During the crypto boom in 2021, MATIC also reached its all-time high — it was $2.92. The fact it only lost about 76% of its value until today is actually encouraging, as many coins lost over 90%.

WAX has a value of $0.05 per token, with a market cap of around $170 million. This doesn’t put it in the top 100 in the crypto rankings. If you look at its all-time high in 2021, it was $5.01, so WAX is among the tokens that lost almost 99% of its ATH value.

MATIC Price Prediction

Constant progress is the easiest phrase to describe the expected MATIC price range in the coming years. By the end of 2023, it’s likely to reach $0.84, although some believe it will even cross $1.13. For 2024, put it somewhere between $1.15 and $1.37.

If we look at a long-term forecast, MATIC could exceed $5 in 2028, while it could be worth anywhere from $5 to $11 in 2030.

WAX Future Price

WAX also has positive trends in the coming years, at least according to experts. Before 2023 ends, it could reach $0.11, and some claim it can go up to $0.29. It seems more realistic that it will be anywhere from $0.2 to $0.3 in 2025, but that’s still decent progress.

As for the forecast for 2028, the minimum predicted is $0.65, and the more optimistic prognosis is $0.9. By the end of the decade, WAX could be anywhere from $0.92 to $1.44.

Is It the Right Time to Swap MATIC for WAX?

Polygon kept a reputable place in the crypto rankings for years, and that’s likely to continue. WAX costs less, but that means you could acquire more tokens for a single MATIC. Both currencies are set for impressive success in the coming years, especially in the long run. Although Polygon seems like a more reliable project, trust your gut. If you believe that WAX is the next big hit, don’t hesitate to go through with the trade!


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