I dont think matic can goes to $20 even in the next bullish cycle. There are so many interesting project like polygon. The 10 billion total coin also whats holding it below $10. Maybe 2030 when matic burn a lot because of its gas fees also with the dollar hyperinflation.
There are plans to rewamp the Polygon Network, so it's likely we'll see the cryptocurrency reaching the "double digits" within the not-so-distant future. I've read that the developer team is planning to launch a new coin named POL. MATIC holders will be given an equivalent number of POL coins at a 1:1 ratio. I guess this will boost market prices for a short period of time.
Long-term speaking, MATIC (or POL) will be able to hold on its own if developers keep innovating. I'd be suprised if it goes all the way towards the fourth spot in market cap below ETH and BNB. Big names are already launching NFTs on the Polygon chain, so anything's possible. Who knows what the future holds for the cryptocurrency? Just my opinion
Agreed it all depends on how and when bitcoin runs. If bitcoin goes to $500k then Polygon can easily go to $20, it would be an almost equivalent increase in price. Definitely a bright future ahead for polygon but calculating usd is difficult because a lot of it depends on the bitcoin usd price.