Polygon (MATIC) to $20?

[WatChe]

There's strong adoption for MATIC, so it should only be a matter of time before market prices skyrocket like crazy. People often overlook Polygon because they're foused on Solana and Ethereum. But they will eventually switch to Polygon, after it continues to be embraced by renowned companies in the mainstream world. $20 per coin is nothing if BTC continues to drive the crypto market all the way to the moon. MATIC is trading below $1, so why not buy more coins to stock them up for the future? Imagine if developers decide to burn MATIC tokens in the long run. It's price will increase to levels beyond compare.

Sounds crazy, but anything's possible in crypto land. If Solana went to $200, then Polygon could easily go to $20. Who knows what the future holds for the cryptocurrency? Just my opinion

There is no doubt about adoption of polygon, "Nike, Disney, Starbucks, Coca-Cola, Meta and Reddit" are among noticeable companies that are moving towards polygon. (Source).
Polygon price at the moment is 1.23$ and 20$ price is still way ahead. There are examples of alts that have climbed to new heights because of there own potential plus bitcoin bull run. So we can't rules out price of polygon reaching 20$ in near future.

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[Almasani]

There's strong adoption for MATIC, so it should only be a matter of time before market prices skyrocket like crazy. People often overlook Polygon because they're foused on Solana and Ethereum. But they will eventually switch to Polygon, after it continues to be embraced by renowned companies in the mainstream world. $20 per coin is nothing if BTC continues to drive the crypto market all the way to the moon. MATIC is trading below $1, so why not buy more coins to stock them up for the future? Imagine if developers decide to burn MATIC tokens in the long run. It's price will increase to levels beyond compare.

Sounds crazy, but anything's possible in crypto land. If Solana went to $200, then Polygon could easily go to $20. Who knows what the future holds for the cryptocurrency? Just my opinion

There is no doubt about adoption of polygon, "Nike, Disney, Starbucks, Coca-Cola, Meta and Reddit" are among noticeable companies that are moving towards polygon. (Source).
Polygon price at the moment is 1.23$ and 20$ price is still way ahead. There are examples of alts that have climbed to new heights because of there own potential plus bitcoin bull run. So we can't rules out price of polygon reaching 20$ in near future.

Polygon's price for $20 is probably too high even though it is supported by several important companies. Sometimes when we talk about price, we forget to look at the circulation of the supply of these coins. It is not impossible to reach high prices, but it will take several bullruns in the future.

[Abiky]

Polygon's price for $20 is probably too high even though it is supported by several important companies. Sometimes when we talk about price, we forget to look at the circulation of the supply of these coins. It is not impossible to reach high prices, but it will take several bullruns in the future.

If we consider the current circulating supply, then yes, it's impossible for MATIC to reach such a high price. But what if developers introduce a "burning mechanism"? Then MATIC would become scarcer, greatly contributing towards higher prices in the future. Even if no changes are made, MATIC could still reach $20 if the crypto market continues on a bullish trend. The sky is the limit to how far MATIC will go in terms of market price.

Ultimately, what matters is usability (not the price). As long as the Polygon chain works as intended, nothing else matters. Who knows what other companies will join the "MATIC train"? Just my opinion

[raidarksword]

Despite the market condition MATIC is still doing good and it's a good sign that it is a very strong project that can withstand the bear market. Of course it is down from its ATH last bull season but still it has more room to grow such as development and partnerships as well. That's why I having a DCA so that I can collect more before the next bull seasons.

[errorcode99]

Polygon is a great side-chain coin that could see the price move upwards provided more utility is used! If polygons start to grow and add more use cases outside of the side chain, the crypto community may price polygons more in value.

[Mozzart]

Polygon is a great side-chain coin that could see the price move upwards provided more utility is used! If polygons start to grow and add more use cases outside of the side chain, the crypto community may price polygons more in value.

I agree with you that more and more projects are starting to work with this particular chain,since the commissions in the network are really very small,which is very attractive for developers to create new projects.

[jacafbiz]

I think the good thing working for Matic now is the ZK and L2 narratives which have greatly helped the price in this bear market because it has performed better than the likes of ADA, Solana, FTM, and other L1. To be I don't really expect much from Matic price the ATH is around $3, which is 3X from the current price level, at most the price would reach $5 which is 5X good return for conservative investors but not good for someone like me. Another thing that was highlighted was the rate at which the team burnt through their Treasury at that rate they won't last another two years without another raise, this is a red flag for me, marketing and branding have helped the project thus far, it is time they deliver truly on its potential

[Abiky]

I think the good thing working for Matic now is the ZK and L2 narratives which have greatly helped the price in this bear market because it has performed better than the likes of ADA, Solana, FTM, and other L1. To be I don't really expect much from Matic price the ATH is around $3, which is 3X from the current price level, at most the price would reach $5 which is 5X good return for conservative investors but not good for someone like me. Another thing that was highlighted was the rate at which the team burnt through their Treasury at that rate they won't last another two years without another raise, this is a red flag for me, marketing and branding have helped the project thus far, it is time they deliver truly on its potential

MATIC is not hyped like the others, so there's high potential it could maintain its price for years to come. It will rise at a slow and steady rate, as more companies and businesses join the "Polygon train". $20 is not impossible if the project continues to deliver as promised. It's one of the most active ETH alternatives in terms of development and innovation. If big names like Coca Cola, and Disney joined the Polygon chain, then we should expect the coin to explode in price sometime in the future.

I'm still staking MATIC and won't sell until it goes all the way to the "double digits". Who knows if early adopters of the coin will get lucky someday? Just my opinion

[yohananaomi]

Polygon is a great side-chain coin that could see the price move upwards provided more utility is used! If polygons start to grow and add more use cases outside of the side chain, the crypto community may price polygons more in value.

I agree with you that more and more projects are starting to work with this particular chain,since the commissions in the network are really very small,which is very attractive for developers to create new projects.

it is not easy to be able to compete even though the fees charged are very attractive and very coveted, because the competition is very tight and you can be sure to give your best, in this very tight competition.
but when it comes to the increase I might agree that one can also get the portion but not as big as expected, the value is too high and it is not easy to achieve it, although no one can be sure and there will always be a possibility.

[ahoenk]

The transactions fees cheap because the price also cheap, when the price tpuch $20 the fees will also skyrocket just like another coin. I remember bitcoin and ethereum also very cheap for transactions fees years ago.
The causes of transaction fees going expensive are :
1. The transactions are too much in the blockchain
2. The coin price is going higher

[Pamadar]

Polygon is a great side-chain coin that could see the price move upwards provided more utility is used! If polygons start to grow and add more use cases outside of the side chain, the crypto community may price polygons more in value.

I agree with you that more and more projects are starting to work with this particular chain,since the commissions in the network are really very small,which is very attractive for developers to create new projects.

it is not easy to be able to compete even though the fees charged are very attractive and very coveted, because the competition is very tight and you can be sure to give your best, in this very tight competition.
but when it comes to the increase I might agree that one can also get the portion but not as big as expected, the value is too high and it is not easy to achieve it, although no one can be sure and there will always be a possibility.

No one can conclude that I agree. The only thing that you can do is try harder to anticipate the market. We never know when this market will pump Matic or when it will dump it down.

The potential will continue to be positive as we are seeing good bounce from Bitcoin and most of the time,
when the market like this shows good run, the chance of alts is great.

[yohananaomi]

Polygon is a great side-chain coin that could see the price move upwards provided more utility is used! If polygons start to grow and add more use cases outside of the side chain, the crypto community may price polygons more in value.

I agree with you that more and more projects are starting to work with this particular chain,since the commissions in the network are really very small,which is very attractive for developers to create new projects.

it is not easy to be able to compete even though the fees charged are very attractive and very coveted, because the competition is very tight and you can be sure to give your best, in this very tight competition.
but when it comes to the increase I might agree that one can also get the portion but not as big as expected, the value is too high and it is not easy to achieve it, although no one can be sure and there will always be a possibility.

No one can conclude that I agree. The only thing that you can do is try harder to anticipate the market. We never know when this market will pump Matic or when it will dump it down.

The potential will continue to be positive as we are seeing good bounce from Bitcoin and most of the time,
when the market like this shows good run, the chance of alts is great.

That's right, mate, it's really hard to tell when the market will start pumping, maybe even the opposite. but sometimes repetition cycles often occur and from experiences like that we are able to estimate and but the exact time cannot be ascertained with certainty.
indeed at this time bitcoin seems to be heading for improvement, although it is still very doubtful whether this will indeed continue to improve or is it just a temporary surprise. but it's true that if bitcoin improves, it's certain that Alt will be affected by this and will improve too.

[eaLiTy]

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If we consider the current circulating supply, then yes, it's impossible for MATIC to reach such a high price. But what if developers introduce a "burning mechanism"? Then MATIC would become scarcer, greatly contributing towards higher prices in the future. Even if no changes are made, MATIC could still reach $20 if the crypto market continues on a bullish trend. The sky is the limit to how far MATIC will go in terms of market price.

The total supply is 10 billion and it is an impossible target even if the market is rallying for a while but like you mentioned if the developers plan to burn the coins then it will reach those expected valuations, if not it is really an impossible target to reach unless you have some promoters like Elon who rallied the Dogecoin market but highly unlikely in this financial situation on a global scale.

[DOH!]

I think matic will be hard to reach 20$, matic will have the next strong opponent to overcome that is arbitrum.  A real boom for class 2 - it is creating a huge catalyst in the airdrop, very high volume and frequency as well as the efficiency of the referee.  I think arbitrum is a strong candidate for layer 2 spaces and will most likely overtake matic and OP in the future.  users will have a trusted place to allocate assets there, so matic will have a hard time keeping the position and price increases to 20$ will be impossible and i strongly doubt it.

[Abiky]

The total supply is 10 billion and it is an impossible target even if the market is rallying for a while but like you mentioned if the developers plan to burn the coins then it will reach those expected valuations, if not it is really an impossible target to reach unless you have some promoters like Elon who rallied the Dogecoin market but highly unlikely in this financial situation on a global scale.

MATIC went well above $1, but it's still struggling to reach the "double digits". The on-going bear market and the coin's circulating supply is what's limiting its ability to go all the way to the moon. Unless developers start burning tokens, don't expect MATIC to go anywhere soon. Maybe MATIC holders will take matters into their own hands by doing the "burning process" themselves?

No matter what happens in the long run, Polygon (MATIC) will survive as long as it remains decentralized and censorship-resistant. It's actually much faster and cheaper to use than ETH, so demand will likely remain high for quite some time. Who knows if it lasts for generations? Just my thoughts

[topman21]

Do you think Polygon (MATIC) will reach $20 within a year from now? If not, why? What are your predictions for this cryptocurrency? Your input will be greatly appreciated. Thank you very much.

Polygon is undoubtedly a very good coin. It has huge popularity. However, this Polygon platform is growing in popularity. This polygon will move into a good position if the Bitcoin market continues to grow significantly. Because currently all the coins rise and fall is based on the Bitcoin market. If the team can generate good news then surely Polygon can stay at $20.

[barhavsky]

I'm a fan of Matic and I don't think we should hope for $20, but we better hope for Matic to reach $15 first, because I think $15 is a realistic price (5x from ATH price), so I think it's more likely to happen if the next bull run comes, although I also hope that the price of Matic can increase at least $20.

[libert19]

$20 o_O, I think couple bull markets more.

[rodskee]

$20 o_O, I think couple bull markets more.

guess so, not even this coming Bull will help Matic become 20 dollars as it is far high to expect for its potential , I believe that Matic is a good project that exist but the thing here is less support coming for the Polygon  project.

I'm a fan of Matic and I don't think we should hope for $20, but we better hope for Matic to reach $15 first, because I think $15 is a realistic price (5x from ATH price), so I think it's more likely to happen if the next bull run comes, although I also hope that the price of Matic can increase at least $20.

seriously? 15$ first? lol of course it will cross 15 before hitting 20 , nice spam here.

https://coinmarketcap.com/currencies/polygon/

look at the price now and maybe you can see how long it will take before crossing even 15.

[newdevices]

there is still a long way to go to reach $ 20 for matic, because the New Year's price in 2021 is at $ 2.8,
I am more realistic if Matic reaches $ 10 in the next bullish, because $ 20 for matic for me is something that will be difficult to achieve,
especially now that matic is in the top 10 coinmarketcap.