Quote from: ScamViruS on September 25, 2022, 07:57:43 PM

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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.

Maybe the Matic coin won't hit $20 in a year's time. That's a high price for a coin that has a large supply circulation. But Matic is one of those projects that has had so much adoption for a very short time. I'm sure, in the next two to three years the price of Matic can break through $ 10. However, the developers of Matic or Polygon must take certain steps to increase prices, one of which is reducing supply circulation.

The supply of Matic is very high so there has to be a lot of acceptance to go to this price. The way ETH, BNB have built their position in the market, Matic can only achieve this huge target if Matic can build their position in the market in the same way. It remains to be seen what will happen in the future, because many top coins have seen collapse. After seeing them I am afraid of any ambition.

Matic's total supply is 10 billion and the supply is huge so I doubt its ability to reach $20 or $10 unless they have a burning mechanism in the future to reduce the supply like major coins are doing now, to be able to achieve like ETH or BNB is very difficult.
Investing is always risky, especially with altcoins, so those who are willing to take the risk should invest in altcoins. The collapse of Luna does not mean that other coins will also collapse, although anything is possible. I think those who can take big risks will get big rewards.