I think the peak for MATIC would likely be around $5. That would be a market cap the size of BNB currently. At $20 it would be as large as Ethereum. I don't think that's a realistic expectation, but I guess it's possible the entire crypto market could boom again. Still, I think with a market cap of $100 billion, it would be hard to say that MATIC is still a good value, but you never know. When it comes to partnerships and the most activity, MATIC seems to be winning and doing all the right things. It is certainly one of my favorites, but if it goes above $5 I will probably start lightening my bag a little bit.
Couldn't agree more with you, mate. $20 sounds unrealistic right now, especially when MATIC has a large supply of coins in circulation. At first, I've thought MATIC would reach $20, as the "De-Fi" and NFT hype would make it go all the way to the moon. But now that the hype is somewhat over, we're beginning to see a realistic market valuation based on utility. The only way MATIC would ever get to $20 is if BTC continues to soar like crazy. Other than that, it will have a hard time getting past $2 anytime soon.
Don't get me wrong, MATIC is still a good cryptocurrency with blazing-fast transaction speeds and dirt-cheap gas fees. I think this is the reason why major companies like Disney and Coca-Cola decided to join the Polygon blockchain. Compared to other competing chains, Polygon is secured by the ETH blockchain. That means it's as strong and resilient as ETH. I'd say prices are pretty cheap these days, so it wouldn't hurt to buy some more just in case it "explodes" in price. Just my opinion
Indeed Matic is worth investing for long term investors because of its strong use case due to its minimal transaction fee which is the major reason of its rapid growth and made it very popular chain. It has shown good price recovery after the news of its partnership with Instagram. I always accumulate when its price is below 1$ and continue accumulating it by using Dollar cost average strategy which i beleive is the best way to make huge profit in the long term.