Quote from: JeffBrad12 on November 19, 2021, 11:28:08 PM

Quote from: Abiky on November 19, 2021, 02:14:50 PM

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.

I do think so. When polygon reaches 20 bucks and the valuation will be around 200 billions and that's far above the current valuation of BNB. The fact that if polygon can't still surpass BNB in terms of demand and usability. that price would be making polygon an overvalued coin. i guess $5 is still possible but i doubt about polygon can reach 20 bucks. Polygon has been getting surpassed by solana. That proves that polygon needs to do another development to bring more utility to the its token to be able to compete with other tokens like BSC and Solana. I don't say that would be impossible as ADA was also going up even without developing a product. it's only selling speculation.
Polygon is still undervalued at this moment and im seeing more developers are starting to see polygon as the best blockchain to launch their NFT and gaming platforms.
BSC was good but that already flooded with shit token.

It's true that Polygon (MATIC) has a lot of potential and is gaining traction in the De-Fi space, reaching $20 within a year seems overly optimistic. As you mentioned, Polygon needs more development and utility to compete with other platforms like Binance Chain and Solana. Additionally, the overall market conditions and adoption of blockchain technology will play a significant role in determining the value of MATIC.

However, I do believe that Polygon is undervalued at the moment, and with more developers recognizing its potential for NFT and gaming platforms, it could see significant growth in the future. A more realistic target for MATIC within a year could be around $5, as you mentioned, but it's essential to consider the inherent risks and uncertainties in the cryptocurrency market when making predictions.