I think hitting $20 is possible in the long term but it won't be easy because its supply in circulation is around 8.7 Billion and maximum supply is 10 Billion which is huge. Matic at $20 means its marketcap 200 Billion dollars which can only happen if total coinmarketcap reaches 10 Trillion or Matic team come up with burning mechanism (to burn small portion of Matic with every transaction) to reduce its supply to push up its price.
If Ethereum became a deflationary cryptocurrency, it's likely Polygon (MATIC) will do the same sometime in the future. Such change would require the approval of the community to go through. As much as I'd want MATIC to go all the way to the moon, it's best for the supply to remain as is to help keep network fees as low as possible. Otherwise, a high-priced MATIC could put some pain on users' wallets when performing a transaction on chain.
The Polygon network is being adopted by major companies in the mainstream world, so it's likely it will stay with us for a pretty long time. Who knows if it lives alongside ETH for generations? Just my thoughts
