![\"Ethereum](\"https:\/\/img.capital.com\/imgs\/articles\/662x308x1\/shutterstock_1933394666_1.jpg\" "\\"MATIC")
As Ethereum (ETH)<\/strong> transitions to Ethereum 2.0<\/a>, crypto enthusiasts are hoping for a price surge.<\/p>\n Ethereum has now completed The Merge<\/a> and shifted the Ethereum blockchain<\/a> from the proof-of-work (PoW<\/a>) consensus mechanism to proof-of-stake (PoS<\/a>), drastically reducing its environmental impact.<\/p>\n The Merge could benefit Polygon (MATIC)<\/strong>, a Layer-2 scaling solution and protocol stack meant to address Ethereum’s scalability problems.<\/p>\n According to CoinMarketCap<\/em>, as of 15 September, ETH was trading at $1,608<\/a>, an increase of 5.68% over the previous week. MATIC was trading at $0.8573<\/a>. ETH’s year-to-date (YTD<\/a>) losses were roughly 56%. MATIC’s YTD losses were approximately 66%.<\/p>\n Here we take a look at the MATIC<\/a> to ETH<\/a> exchange rate, latest news and other factors that are shaping MATIC\/ETH predictions.\u00a0<\/p>\n Ethereum has been hindered by network congestion and transaction costs due to its popularity among developers creating decentralised applications (dApps<\/a>), smart contracts<\/a>, and decentralised finance (DeFi<\/a>) protocols.<\/p>\n Moreover, Ethereum’s transaction throughput is much slower than some of its closest rivals, such as Solano (SOL<\/a>) and Cardano (ADA<\/a>), and its gas prices have surged as interest in DeFi has skyrocketed.<\/p>\n The new Ethereum Merge upgrade is expected to help address these issues, keeping the network ahead of the competition.<\/p>\n Meanwhile, Polygon is a Layer-2 scaling solution for scalability and infrastructure development on Ethereum. The project intends to establish “Ethereum’s internet of blockchains” by resolving the network\u2019s scalability concerns and providing developers with tools for building ultra-scalable and high-performance blockchains<\/a> and dApps.<\/p>\n Similar to other multi-chain systems, such as Polkadot (DOT<\/a>), Cosmos (ATOM<\/a>) and Avalanche (AVAX<\/a>), Polygon offers a multi-chain system.<\/p>\n The benefit of the Polygon multi-chain architecture is that it includes the security, lively ecosystem and accessibility of Ethereum.<\/p>\n Polygon is also the only scaling solution that supports the Ethereum Virtual Machine (EVM<\/a>), which facilitates the flow of value and data across blockchains and removes the technical hurdles between them.<\/p>\n The Merge is anticipated to make Layer-2s more eco-friendly, with Polygon saying it would ultimately reduce their carbon emissions by 60,000 metric tonnes, or 99.91% of their present value.<\/p>\n Vote to see Traders sentiment!<\/span> <\/p>\n<\/p><\/div><\/div>\n You voted bullish.<\/b><\/p>\n You voted bearish.<\/b><\/p>\n Give ETH\/USD a try<\/span><\/p>\n<\/p><\/div><\/div>\n Start trading<\/p>\n or<\/span> <\/p>\n Try demo<\/p>\n<\/p><\/div><\/div><\/div>\n<\/div>\n The Merge will be erasing 60,000 Tonnes of #Polygon<\/a>\u2019s Carbon Footprint. <\/p>\n Ethereum\u2019s transition to the PoS consensus will reverberate throughout the broader ecosystem in many ways, but it will have a singular impact on the carbon emissions profile of Polygon\u2019s network.????<\/p>\n [1\/11] pic.twitter.com\/RNkxvRQ1EL<\/a><\/p>\n \u2014 Polygon – MATIC ???? (@0xPolygon) September 7, 2022<\/a><\/p><\/blockquote><\/div>\n Since their debuts, ETH and MATIC coins have pleased investors with 56,307% and 18,807% gains, respectively.<\/p>\n Between May and December 2019, MATIC enjoyed a positive price trend, surging by 1,241%. ETH price declined by more than 11%, representing a negative correlation<\/a> between MATIC to ETH exchange rate over the period.<\/p>\n The ETH value reached $284.22 on 14 February 2020, before declining to $110.61 on 16 March, amid the Covid-19 induced market fall. Following a similar path, MATIC\u2019s price first reached $0.02683 on 7 March, before dropping to $0.008 on 16 March.<\/p>\n ETH gained strong momentum during the next months, closing the year at $737.8, up 567% from the March low. At the end of 2020, the MATIC value was $0.01763, up 120% from the March low.<\/p>\n In 2021 cryptocurrencies became a global phenomenon, with the market reaching trillions in value. As a result, both MATIC and ETH gained significantly.<\/p>\n The ETH price spiked from $730.37 on 1 January 2021 to the all-time high of $4,891.70 on 16 November 2021, a surge of nearly 570%.<\/p>\n During the same period, MATIC jumped from $0.01781 on 1 January to the record price of $2.92 on 27 December 2021, a phenomenal spike of 16,295%. According to CoinCodex<\/a><\/em>, this was also the highest recorded price of MATIC to ETH, as the MATIC price reached its all-time high of 0.001800 ETH. ETH closed the year at $3,682. MATIC closed at $2.52.<\/p>\n This year has been a difficult year for the cryptocurrency markets as Bitcoin (BTC<\/a>) and several other coins declined to fresh lows amid the crypto market collapse<\/a> in June. As a result, ETH declined to a 52-week low of $896.11, and MATIC reached a yearly trough of $0.3228 on 18 June.<\/p>\n As of 14 September, both ETH and MATIC have recovered slightly. ETH was trading at $1,608, up 80% from the June low. At the same time, MATIC was trading at $0.8573, up 165% from the low.<\/p>\n According to CoinCodex\u2019s<\/em> MATIC to ETH price chart, between January and May 2022, the MATIC to ETH exchange rate considerably decreased, suggesting ETH\u2019s dominance over MATIC in the period.<\/p>\n MATIC, however, regained prominence. As seen on the price chart below, the current exchange rate as of 14 September was 0.000529, up more than 86% from 0.000284 on 13 May.<\/p>\n Past performance is not a reliable indicator of future results<\/strong><\/p>\n In September 2022 Polygon announced<\/a> that it\u2019s partnering up with coffeehouse giant Starbucks (SBUX<\/a>). Polygon will equip Starbucks with the blockchain technology necessary for developing its newly announced Web3<\/a> experience, Starbucks Odyssey.<\/p>\n Starbucks hopes to accelerate “Starbucks Rewards” membership in new ways by giving them access to immersive coffee experiences, such as exclusive merchandise, artist collaborations and event invites.<\/p>\n \u201cBuilding Starbucks Odyssey using technology that aligns with our sustainability aspirations and commitments is a top priority,\u201d said Ryan Butz, vice president of loyalty, strategy and marketing for Starbucks.<\/p>\n \u201cWe took a very thoughtful and thorough approach when evaluating which blockchain to utilise and Polygon\u2019s fast, low-cost, and carbon-neutral network is the perfect foundation for our first digital community.\u201d<\/p>\n Polygon confirmed<\/a> that Ethereum’s switch to PoS will favour the network’s carbon emissions profile.<\/p>\n The yearly carbon emissions for the Polygon network through July 2022 were 60,953.26 tonnes of carbon dioxide equivalent (tCO2e), bringing the chain’s total emissions since its inception to 94,782 tCO2e.<\/p>\n Layer 2 protocols such as Polygon augment the complexity of determining carbon footprint since they must account for emissions from their own network in addition to Layer 1 Ethereum activity.<\/p>\n According to estimations, 99.92% of Polygon’s emissions are related to the chain’s activity on the Ethereum base layer, leaving 50.13 tCO2e attributable to Polygon’s own PoS network.<\/p>\n The Merge is predicted to eliminate 99.91% of Polygon’s network carbon emissions, bringing the yearly total down to 56.22 tCO2e.<\/p>\n \u201cWe believe that operating responsibly is just the starting line,\u201d said Stefan Renton, Polygon\u2019s Sustainability Lead.<\/p>\n \u201cWe see blockchains and distributed ledger technology supporting and scaling lasting positive impact on the world, helping create a healthier, fairer, thriving planet.\u201d<\/p>\n The MATIC to ETH price correlation has been negative and inconsistent, in contrast to the ETH to BTC<\/a> price correlation, which has been largely positive. Even if Polygon is a scaling option for Ethereum, the exchange rates of these two leading coins seldom move in tandem.<\/p>\n Interestingly, a group of cryptocurrency miners initiated<\/a> a campaign to prevent Ethereum\u2019s approaching integration by forking the Ethereum network and establishing ETHPoW, an alternative, still-minable version called ETHPoW (ETHW).<\/p>\n In addition, the team behind ETHW has announced<\/a> the plan to launch the mainnet shortly after the Ethereum\u2019s Merge.<\/p>\n DigitalCoinPrice<\/a><\/em> algorithm-based MATIC to ETH estimate, as of 15 September, had ETH trading at an average price of $2,143.67 in 2022 and $6,567.74 in 2025. Its MATIC projection<\/a> saw the coin average $1.13 in 2022 and $3.55 in 2025.<\/p>\n Price Prediction<\/a> <\/em>expected ether to trade at an average price of $1,952.15 in 2022, $6,421.33 in 2025 and $39,995.93 by 2030. The forecaster\u2019s predictions for MATIC<\/a> saw the coin trading at an average price of $0.87 in 2022, $3.50 in 2025 and $23.36 in 2030.<\/p>\n It should be noted that algorithm-based price predictions can be wrong. Forecasts shouldn\u2019t be used as a substitute for your own research.<\/p>\n Always conduct your own due diligence. Your decision to trade should be based on your risk tolerance, experience in the markets and other factors. Cryptocurrencies<\/a> are high risk and highly volatile<\/a>. Make sure to look at the latest news, commentary, technical<\/a> and fundamental analysis<\/a>. Never trade more money than you can afford to lose.<\/p>\n As the network completes Ethereum 2.0 upgrade<\/a>, the market sentiment for ether is optimistic, which may have resulted in the strong momentum for ether.<\/p>\n<\/div>\n<\/details>\n The best time to trade MATIC to ETH would depend on your personal preferences. Cryptocurrency markets are open 24\/7.<\/p>\n<\/div>\n<\/details>\n No one knows for sure. As of 15 September, market sentiment for MATIC to ETH, based on technical analysis, was bearish, according to CoinCodex<\/a><\/em>, giving the pair a \u201csell\u201d signal in the short run. Note that price predictions can be wrong. Whether the MATIC to ETH is buy, sell or hold, would depend on your risk tolerance, trading goals and other personal factors.<\/p>\n<\/div>\n<\/details>\n<\/div>\nWhat is MATIC\/ETH?<\/h2>\n
What is your sentiment on ETH\/USD?<\/h2>\n
Market sentiment:<\/h2>\n
\n
MATIC\/ETH historical price analysis<\/h2>\n
![\"MATIC](\"https:\/\/img.capital.com\/imgs\/articles\/750xx\/MATIC-ETH-forecast-MCT-6944-EN.png\" "\\"MATIC")
<\/p>\nPolygon\u2019s partnership with Starbucks<\/h2>\n
Polygon to become more environment friendly after The Merge<\/h2>\n
MATIC to ETH forecast: Predictions for 2022 and beyond<\/h2>\n
FAQs<\/strong><\/h2>\n
\n
Why has MATIC to ETH been dropping?<\/h3>\n<\/summary>\n
\n
When is the best time to trade MATIC to ETH?<\/h3>\n<\/summary>\n
\n
Is MATIC to ETH a buy, sell or hold?<\/h3>\n<\/summary>\n
Further reading:<\/h2>\n
![\"The](\"https:\/\/img.capital.com\/imgs\/articles\/126x83x1\/shutterstock_1849845403.jpg\" "\\"Polygon\\"")
<\/a><\/div><\/div>\n![\"Ethereum](\"https:\/\/img.capital.com\/imgs\/articles\/126x83x1\/shutterstock_1958528764.jpg\" "\\"Ethereum\\"")
<\/a><\/div><\/div><\/div><\/div>\n