Post
Topic
Board Speculation (Altcoins)
Re: Polygon (MATIC) to $20?
by
Bonenx14
on 19/05/2022, 14:52:38 UTC
So, how could we say that it could reach 20 dollars? Of course, it won't reach that level. We have a about x28 difference between matic's current price and the 20 dollar price point. So, it is clear to me that we won't reach that level, even if bitcoin becomes 200k one day, that would be about x7 difference, in order for bitcoin to reach 28x that would be near 850k level. Sure matic could go up faster, but not that much higher.
Because currently many competitors provide chain networks with low transaction costs, it is difficult to reach a high price of more than $10 for matic, if only matic networks were available other than bscscan maybe the current price of matic is already bullish because they have a large use of transactions in the crypto community.