Let's always stick to the most possible scenario and $5 for me on MATIC isn't likely a huge feat. Moreover, $20 is not too far-fetched considering the technology of it, the institutional investors behind, there are lot of integration of social medias with the likes of Instagram and a lot more. The anticipated catalyst event for MATIC is their scaling solution ZK rollup and this likely a trend for a year now and likely will make MATIC to break ATHs.
Meta in start of November announced that they will test feature (with limited users in USA) that will allow Instagram users to mint, showcase and sell NFTs on Polygon. The price of Polygon went up after this announcement but never heard that this feature is fully integrated in Instagram or not (correct me if its integrated). Rest Polygon ZK rollup is no doubt innovative and will be the prime reason to take MATIC to 5$ or above.