it could be $20 because another factor driving the MATIC price is the increase in active digital wallet users. The number of Polygon wallets experienced significant growth throughout 2021.The reason is, Polygon wallet users have increased rapidly to reach 282,760. It seems that the Polygon network can be another alternative form for Ethereum network users. Because every transaction on the Ethereum network is often subject to high gas fees.
No matter how many wallet users, no matter what marketplace adds it, it will not be 20 bucks for the time being. If we end up seeing bitcoin rise to 200k, then why not? But, when the market is like this, there is absolutely no chance that MATIC could ever reach 20 bucks just because of how many people are using it. Imagine for a second where that would put it in the rankings, that is not really a reasonable expectation is it?
This is why I believe that we should not be holding it to such high regard, it is doing fine as it is right now and should be considered a good deal if we could reach even 3 dollars, which is already more than it deserves at the moment.