Polygon (MATIC) to $20?

[Abiky]

I dont think matic can goes to $20 even in the next bullish cycle. There are so many interesting project like polygon. The 10 billion total coin also whats holding it below $10. Maybe 2030 when matic burn a lot because of its gas fees also with the dollar hyperinflation.

There are plans to rewamp the Polygon Network, so it's likely we'll see the cryptocurrency reaching the "double digits" within the not-so-distant future. I've read that the developer team is planning to launch a new coin named POL. MATIC holders will be given an equivalent number of POL coins at a 1:1 ratio. I guess this will boost market prices for a short period of time.

Long-term speaking, MATIC (or POL) will be able to hold on its own if developers keep innovating. I'd be suprised if it goes all the way towards the fourth spot in market cap below ETH and BNB. Big names are already launching NFTs on the Polygon chain, so anything's possible. Who knows what the future holds for the cryptocurrency? Just my opinion

[1714774484]

1714774484

[wheelz1200]

I dont think matic can goes to $20 even in the next bullish cycle. There are so many interesting project like polygon. The 10 billion total coin also whats holding it below $10. Maybe 2030 when matic burn a lot because of its gas fees also with the dollar hyperinflation.

There are plans to rewamp the Polygon Network, so it's likely we'll see the cryptocurrency reaching the "double digits" within the not-so-distant future. I've read that the developer team is planning to launch a new coin named POL. MATIC holders will be given an equivalent number of POL coins at a 1:1 ratio. I guess this will boost market prices for a short period of time.

Long-term speaking, MATIC (or POL) will be able to hold on its own if developers keep innovating. I'd be suprised if it goes all the way towards the fourth spot in market cap below ETH and BNB. Big names are already launching NFTs on the Polygon chain, so anything's possible. Who knows what the future holds for the cryptocurrency? Just my opinion

Agreed it all depends on how and when bitcoin runs.  If bitcoin goes to $500k then Polygon can easily go to $20, it would be an almost equivalent increase in price.  Definitely a bright future ahead for polygon but calculating usd is difficult because a lot of it depends on the bitcoin usd price.

[Kavelj22]

The Polygons have already made a nice pump in 2022, they have created a lot of hype have arrived at 1.60 dollars and collapsed to 0.80 cents, really too manipulated ...... I believe 2023 maybe 1.80 dollars max and 2024-25 max 4-5 dollars and huge dump to 0.50 again. carefull

Polygon (MATIC) last ATH was 2.92$ in 2021, when Bitcoin was hit around 69k$. It’s undoubtedly a potential project in the market in the last a few years but you know right now SEC lawsuit allegation for several project also Binance is one of them. I think now MATIC is the lowest price i have ever seen, because of it’s highly effected fof SEC, i don’t think it will hit 1.80$ in this year 2023.

Almost all opinions agree that Polygon will not reach the price of $20 soon, and there are no indications that this may happen in the medium and long term. Despite this, the network is achieving development and more user demand after many service platforms supported Polygon at the expense of other networks, and this is due to its efficiency and ability to develop in line with the needs of users in a market full of competitors.

As for the price impact of what is happening between the SEC and some platforms, I do not think that this will have an exclusive effect on Polygon Matic, because a state of decline or strengthening of user confidence will include all pairs in the market (except Bitcoin). At the same time, I think that its price will witness a recovery before and shortly after the halving, because the prices of the major currencies are improving compared to the price of Bitcoin in that period of each year in which the halving occurred.

[TheSpiral]

Agreed it all depends on how and when bitcoin runs.  If bitcoin goes to $500k then Polygon can easily go to $20, it would be an almost equivalent increase in price.  Definitely a bright future ahead for polygon but calculating usd is difficult because a lot of it depends on the bitcoin usd price.

Polygon has different natural and many time its price remain stable with the increase of btc price but still i am agree with you. when btc reach 500k that's mean a large money will be entered into crypto market which will also migrate to top 10 coins and matic will be best choice for trader but this will not in short term because there is no sentiment of happening this. despite btc price soars to 30k ,matic is still struggling Below 1$ which show the less interest of buyers.

[Pamadar]

Agreed it all depends on how and when bitcoin runs.  If bitcoin goes to $500k then Polygon can easily go to $20, it would be an almost equivalent increase in price.  Definitely a bright future ahead for polygon but calculating usd is difficult because a lot of it depends on the bitcoin usd price.

Polygon has different natural and many time its price remain stable with the increase of btc price but still i am agree with you. when btc reach 500k that's mean a large money will be entered into crypto market which will also migrate to top 10 coins and matic will be best choice for trader but this will not in short term because there is no sentiment of happening this. despite btc price soars to 30k ,matic is still struggling Below 1$ which show the less interest of buyers.

Still struggling, meaning to say that for those people who are still believing that this coin will still be pumped,
they still have time to buy and hold.

More on how you think the market will support the project and how the developers will continue to provide
good updates that will gain the interest of long-term investors. It's tough to invest if you are unsure, so make
a good habit of researching and reviewing the project first.

[mich]

Well there is some 'bullish' news for investors of this project. Italy's Central Bank called Milano Hub has chose Polygon for help with its normal finance and decentralized finance.
https://sellainsights.it/-/the-bank-of-italy-opens-the-fintech-milano-hub
https://finance.yahoo.com/news/italy-central-bank-taps-polygon-140000944.html

[OgNasty]

Well there is some 'bullish' news for investors of this project. Italy's Central Bank called Milano Hub has chose Polygon for help with its normal finance and decentralized finance.
https://sellainsights.it/-/the-bank-of-italy-opens-the-fintech-milano-hub
https://finance.yahoo.com/news/italy-central-bank-taps-polygon-140000944.html

Polygon never has a shortage of positive announcements or new partners. The problem is that a lot of coins are still in the hands of people sitting on massive gains. They’re also using those coins to gain partners in the space, a bit like Sirius Satellite Radio did with their stock to get Howard Stern. They need to make sure they emerge on the other side with good products and lots of users. Not just partners dumping coins they were given for participating.

[shinratensei_]

Agreed it all depends on how and when bitcoin runs.  If bitcoin goes to $500k then Polygon can easily go to $20, it would be an almost equivalent increase in price.  Definitely a bright future ahead for polygon but calculating usd is difficult because a lot of it depends on the bitcoin usd price.

Polygon has different natural and many time its price remain stable with the increase of btc price but still i am agree with you. when btc reach 500k that's mean a large money will be entered into crypto market which will also migrate to top 10 coins and matic will be best choice for trader but this will not in short term because there is no sentiment of happening this. despite btc price soars to 30k ,matic is still struggling Below 1$ which show the less interest of buyers.

I guess it have something to do with the fact that there has been lately many coins released thats all about smart contract blockchain that I think it gives some negative effect towards the existing coin with smart contract niche.
these will definitely take up some market share of the existing coins like matic, though there's no real proof about the correlation i think it might be the case with matic nowadays.
moreover the fact that matic total supply is simply just too much kinda speaks volume why the coin itself hardly rise, it'd be far better if they could have some kind of event and some programs that could help reducing
their total supply through burning their coins.

[Dessy88]

Why are you driving Polygon investors crazy because it's really impossible because of their high total token amount and attractive marketcap. Moreover, if the bear market starts, will only the Matic coin investors increase? That never happens because then people will just prefer bitcoin and ethereum. It seems that you have bought matic high volume so you are creating such a dream but the crypto market is always moving towards the investors.

[Abiky]

Almost all opinions agree that Polygon will not reach the price of $20 soon, and there are no indications that this may happen in the medium and long term. Despite this, the network is achieving development and more user demand after many service platforms supported Polygon at the expense of other networks, and this is due to its efficiency and ability to develop in line with the needs of users in a market full of competitors.

As for the price impact of what is happening between the SEC and some platforms, I do not think that this will have an exclusive effect on Polygon Matic, because a state of decline or strengthening of user confidence will include all pairs in the market (except Bitcoin). At the same time, I think that its price will witness a recovery before and shortly after the halving, because the prices of the major currencies are improving compared to the price of Bitcoin in that period of each year in which the halving occurred.

$20 is still a possibility. Just wait until BTC goes to $1m, and MATIC will never be cheap again. There are a lot of partnerships, while projects are being built on top of the Polygon chain like there's no tomorrow. These are signs that adoption for the cryptocurrency is high. Demand comes hand-in-hand to that.

If many smart contract platforms reached the "double digits", why can't Polygon (MATIC) do the same? After all, it's based on the same tech as ETH. Only with a few minor tweaks meant to improve scalability. This makes the Polygon chain blazing-fast and dirt-cheap for day-to-day payments. Who knows if buying MATIC at a low price now will leave you with plenty of cash in the future? The sky is the limit to how far the cryptocurrency will go. As long as you don't go crazy putting all of your life savings into it, nothing should stop you from achieving your dream of becoming a wealthy person in the future. Just my thoughts

[Kavelj22]

Almost all opinions agree that Polygon will not reach the price of $20 soon, and there are no indications that this may happen in the medium and long term. Despite this, the network is achieving development and more user demand after many service platforms supported Polygon at the expense of other networks, and this is due to its efficiency and ability to develop in line with the needs of users in a market full of competitors.

As for the price impact of what is happening between the SEC and some platforms, I do not think that this will have an exclusive effect on Polygon Matic, because a state of decline or strengthening of user confidence will include all pairs in the market (except Bitcoin). At the same time, I think that its price will witness a recovery before and shortly after the halving, because the prices of the major currencies are improving compared to the price of Bitcoin in that period of each year in which the halving occurred.

$20 is still a possibility. Just wait until BTC goes to $1m, and MATIC will never be cheap again. There are a lot of partnerships, while projects are being built on top of the Polygon chain like there's no tomorrow. These are signs that adoption for the cryptocurrency is high. Demand comes hand-in-hand to that.

I honestly don't understand if you're joking or if you're serious. When I imagine when Bitcoin will reach $1 million per unit, I can't tell if the Polygon network will even exist until then.
There is virtually nothing to prevent the Matic from reaching record price levels, but this would not be useful if it happened in unreasonable circumstances. I mean, it would be better for the price to maintain the level of 1 stable dollar per unit, rather than reach the level of 20 dollars due to manipulation factors from whales or others.

In everything that is an investment, I do not trust more than Bitcoin and very few other currencies, so I always recommend dealing with caution with all currencies, especially as they may be affected by more downward changes than the factors that are supposed to raise their price to the same degree.