The MATIC token has acquired 147,457 holders (Market cap: $6.7 billion USD) (08/2021). Top 500 holding addresses keep 97.50% of the current circulation supply.
In fact over 70% of token distribution are locked in Polygon contracts, with a fraction of MATIC burnt gradually through time.
🔥 Will it reach $50 billion USD in Market Cap by the end of 2022?
I can't say what the bottom would be or what the price will be in the short term, however I can say that the long term looks like a 6x at the very best case, that would put it somewhere along the XRP levels and by looking at how it is already a very known and liked coin I wouldn't be shocked of it being top 5-6 coin in the future.
Of course this means that if we end up with a big increase in the price of everything else then we would also end up with polygon increasing as well, it is around 60-70 billion dollars market cap to be in top 5-6 and if there is a bull run and they become 100 billion? Then it means polygon could go 10x and reach to 90-100 billion level as well, if there is a fall and top 5-6 becomes 40-50 billion, then polygon could go there at most. So basically it is a top 5-6 coin and the price should be whatever that means.