Should You Convert BNB to MATIC in 2023?

How Should You Convert BNB to MATIC in 2023

With the crypto markets taking a significant upturn, there’s a huge opportunity opening for investors. Those that don’t want to miss out on the upcoming altcoin rally are looking closely at some blue chip projects. 

And you shouldn’t look any further than Binance Coin and Polygon. They have been outperforming the rest of the industry during the bear market. Which, in turn, sets them at a nice spot for the bullish cycle. 

In this article, we compare BNB to MATIC fundamentals and try to see which one has more growth opportunities. Moreover, we take a look at some price forecasts for these cryptocurrencies. This should allow you to make an informed decision when investing in them. 

Understanding Binance Coin

Binance Coin, or BNB is the native cryptocurrency of the Binance Ecosystem. Originally, the BNB token served a simple purpose — to provide trading fee rebates to the Binance exchange users. 

Worth noting is that BNB initially was an ERC20 token that ran on Ethereum. However, Binance launched its proprietary chain with the BEP20 protocol. 

Over the years, BNB has gained multiple use cases. With the release of the Binance Smart Chain in 2019, BNB became the gas token of the smart contract platform. 

BNB Privileges

The BNB cryptocurrency is quite useful across the entire Binance ecosystem. Users trading on the Binance exchange receive discounts on their fees by paying with BNB. 

Additionally, BNB is the native token for the Binance Smart Chain, the smart contract platform of the ecosystem. This blockchain has one of the highest usages in the industry, which allows BNB to remain highly liquid. 

Consequently, BNB found usage in liquidity pools, decentralized exchanges, yield farming, and staking. From a simple utility token, BNB has become one of the most commonly used cryptocurrencies across all ecosystems. 

BNB Price Prediction

With that in mind, we should expect some huge upside in the future from this token. For reference, note that BNB is currently trading at $237. provides some interesting predictions. For 2025, they expect BNB to reach at least $677, nearly a 3x growth from the current levels. For 2030, their views remain enthusiastic, with an eye-watering target of $ 4,215 per token. has a higher target in the short term, with $858.50 for 2025. However, their long-term is more conservative, with a forecast of $2,492.25 for 2030. 

What Do We Know About Polygon?

Polygon came out in the markets with the purpose to provide a scaling solution to Ethereum. This proof of stake blockchain allowed users to bridge Ethereum-based assets on a faster, more cost-effective blockchain. 

Additionally, it provides developers with an EVM-compatible network with great code portability and ease of use. The MATIC token is used to stake and secure the chain, in addition to being the gas token of the Polygon blockchain. 

If you compare SHIB vs MATIC, there’s no competition when it comes to utility, as Polygon takes the win by far. 

MATIC Advantages

Polygon has been pushing a wide range of innovations in the blockchain industry. Their recent addition to the ecosystem is the Zk-EVM blockchain, which allows rollups on Ethereum through zero-knowledge proofs. 

If the first Polygon blockchain could be considered as a side-chain to Ethereum, Zk-EVM is a genuine second layer to the #1 smart contract platform. Consequently, MATIC is gaining traction in the industry. 

MATIC Price Forecast

Considering MATIC is currently trading at $0.66, let’s have a look at some predictions from reputable sources. provides a decent upside for MATIC in 2025 with $2.05 per token. For 2030, however, the forecast is much better, with a price of $12 per MATIC. has a similar prediction for 2025, with a price of $2.25 per MATIC. However, in the long term, they are aiming a bit lower than their peers, with a price of $6.96 in 2030. 

Is It the Right Time to Swap BNB to MATIC?

BNB and MATIC are very solid contenders for the top of the crypto industry. Binance has been growing its ecosystem, although some of the regulatory woes could have a negative price impact. 

Polygon, on the other hand, doesn’t seem to be stopping innovation anytime soon. Their upcoming upgrades to the network look even more appealing than the recent Zk-EVM addition, putting MATIC at a top spot for more upside. 

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