For now, I think it will be wise for anyone holding to do their own research, but $0.5 is something that matic can outperform anytime, as I have held and sold some in the past for over $1, which I believe it can still get there.
I speculate same, around 50c for $MATIC is bargain, and it should easily cross $1 and beyond.
But one thing is just uncertain to me since the new upgrade is going to introduce the Pol token as the new official native token, which will be used to cover up all polygon transaction fees. I think the demand for matic is absolutely going to decline when that starts. As we all know, matic being the native token for the network is part of the reason why its price is pumping.
I don't think devs will do stupid as to continue both $MATIC and new token $POL, they'll likely allow $MATIC holders to swap to $POL, and eventually one will stay, old one will be made defunct.