Polygon (MATIC) to $20? - page 5. | Bitcointalksearch.org

Pamadar

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Quote from: yohananaomi on March 17, 2023, 02:54:19 PM

Quote from: Mozzart on March 13, 2023, 05:34:50 PM

Quote from: errorcode99 on March 11, 2023, 03:28:07 PM

Polygon is a great side-chain coin that could see the price move upwards provided more utility is used! If polygons start to grow and add more use cases outside of the side chain, the crypto community may price polygons more in value.

I agree with you that more and more projects are starting to work with this particular chain,since the commissions in the network are really very small,which is very attractive for developers to create new projects.

it is not easy to be able to compete even though the fees charged are very attractive and very coveted, because the competition is very tight and you can be sure to give your best, in this very tight competition.
but when it comes to the increase I might agree that one can also get the portion but not as big as expected, the value is too high and it is not easy to achieve it, although no one can be sure and there will always be a possibility.

No one can conclude that I agree. The only thing that you can do is try harder to anticipate the market. We never know when this market will pump Matic or when it will dump it down.

The potential will continue to be positive as we are seeing good bounce from Bitcoin and most of the time,
when the market like this shows good run, the chance of alts is great.

ahoenk

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The transactions fees cheap because the price also cheap, when the price tpuch $20 the fees will also skyrocket just like another coin. I remember bitcoin and ethereum also very cheap for transactions fees years ago.
The causes of transaction fees going expensive are :
1. The transactions are too much in the blockchain
2. The coin price is going higher

yohananaomi

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Quote from: Mozzart on March 13, 2023, 05:34:50 PM

Quote from: errorcode99 on March 11, 2023, 03:28:07 PM

Polygon is a great side-chain coin that could see the price move upwards provided more utility is used! If polygons start to grow and add more use cases outside of the side chain, the crypto community may price polygons more in value.

I agree with you that more and more projects are starting to work with this particular chain,since the commissions in the network are really very small,which is very attractive for developers to create new projects.

it is not easy to be able to compete even though the fees charged are very attractive and very coveted, because the competition is very tight and you can be sure to give your best, in this very tight competition.
but when it comes to the increase I might agree that one can also get the portion but not as big as expected, the value is too high and it is not easy to achieve it, although no one can be sure and there will always be a possibility.

Abiky

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Quote from: jacafbiz on March 15, 2023, 12:45:50 PM

I think the good thing working for Matic now is the ZK and L2 narratives which have greatly helped the price in this bear market because it has performed better than the likes of ADA, Solana, FTM, and other L1. To be I don't really expect much from Matic price the ATH is around $3, which is 3X from the current price level, at most the price would reach $5 which is 5X good return for conservative investors but not good for someone like me. Another thing that was highlighted was the rate at which the team burnt through their Treasury at that rate they won't last another two years without another raise, this is a red flag for me, marketing and branding have helped the project thus far, it is time they deliver truly on its potential

MATIC is not hyped like the others, so there's high potential it could maintain its price for years to come. It will rise at a slow and steady rate, as more companies and businesses join the "Polygon train". $20 is not impossible if the project continues to deliver as promised. It's one of the most active ETH alternatives in terms of development and innovation. If big names like Coca Cola, and Disney joined the Polygon chain, then we should expect the coin to explode in price sometime in the future.

I'm still staking MATIC and won't sell until it goes all the way to the "double digits". Who knows if early adopters of the coin will get lucky someday? Just my opinion

jacafbiz

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I think the good thing working for Matic now is the ZK and L2 narratives which have greatly helped the price in this bear market because it has performed better than the likes of ADA, Solana, FTM, and other L1. To be I don't really expect much from Matic price the ATH is around $3, which is 3X from the current price level, at most the price would reach $5 which is 5X good return for conservative investors but not good for someone like me. Another thing that was highlighted was the rate at which the team burnt through their Treasury at that rate they won't last another two years without another raise, this is a red flag for me, marketing and branding have helped the project thus far, it is time they deliver truly on its potential

Mozzart

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Quote from: errorcode99 on March 11, 2023, 03:28:07 PM

Polygon is a great side-chain coin that could see the price move upwards provided more utility is used! If polygons start to grow and add more use cases outside of the side chain, the crypto community may price polygons more in value.

I agree with you that more and more projects are starting to work with this particular chain,since the commissions in the network are really very small,which is very attractive for developers to create new projects.

errorcode99

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Polygon is a great side-chain coin that could see the price move upwards provided more utility is used! If polygons start to grow and add more use cases outside of the side chain, the crypto community may price polygons more in value.

raidarksword

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Despite the market condition MATIC is still doing good and it's a good sign that it is a very strong project that can withstand the bear market. Of course it is down from its ATH last bull season but still it has more room to grow such as development and partnerships as well. That's why I having a DCA so that I can collect more before the next bull seasons.

Abiky

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Quote from: Almasani on March 07, 2023, 03:49:45 PM

Polygon's price for $20 is probably too high even though it is supported by several important companies. Sometimes when we talk about price, we forget to look at the circulation of the supply of these coins. It is not impossible to reach high prices, but it will take several bullruns in the future.

If we consider the current circulating supply, then yes, it's impossible for MATIC to reach such a high price. But what if developers introduce a "burning mechanism"? Then MATIC would become scarcer, greatly contributing towards higher prices in the future. Even if no changes are made, MATIC could still reach $20 if the crypto market continues on a bullish trend. The sky is the limit to how far MATIC will go in terms of market price.

Ultimately, what matters is usability (not the price). As long as the Polygon chain works as intended, nothing else matters. Who knows what other companies will join the "MATIC train"? Just my opinion

Almasani

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Quote from: WatChe on February 28, 2023, 02:10:42 AM

Quote from: Abiky on February 23, 2023, 07:30:12 AM

There's strong adoption for MATIC, so it should only be a matter of time before market prices skyrocket like crazy. People often overlook Polygon because they're foused on Solana and Ethereum. But they will eventually switch to Polygon, after it continues to be embraced by renowned companies in the mainstream world. $20 per coin is nothing if BTC continues to drive the crypto market all the way to the moon. MATIC is trading below $1, so why not buy more coins to stock them up for the future? Imagine if developers decide to burn MATIC tokens in the long run. It's price will increase to levels beyond compare.

Sounds crazy, but anything's possible in crypto land. If Solana went to $200, then Polygon could easily go to $20. Who knows what the future holds for the cryptocurrency? Just my opinion

There is no doubt about adoption of polygon, "Nike, Disney, Starbucks, Coca-Cola, Meta and Reddit" are among noticeable companies that are moving towards polygon. (Source).
Polygon price at the moment is 1.23$ and 20$ price is still way ahead. There are examples of alts that have climbed to new heights because of there own potential plus bitcoin bull run. So we can't rules out price of polygon reaching 20$ in near future.

Polygon's price for $20 is probably too high even though it is supported by several important companies. Sometimes when we talk about price, we forget to look at the circulation of the supply of these coins. It is not impossible to reach high prices, but it will take several bullruns in the future.

WatChe

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Quote from: Abiky on February 23, 2023, 07:30:12 AM

There's strong adoption for MATIC, so it should only be a matter of time before market prices skyrocket like crazy. People often overlook Polygon because they're foused on Solana and Ethereum. But they will eventually switch to Polygon, after it continues to be embraced by renowned companies in the mainstream world. $20 per coin is nothing if BTC continues to drive the crypto market all the way to the moon. MATIC is trading below $1, so why not buy more coins to stock them up for the future? Imagine if developers decide to burn MATIC tokens in the long run. It's price will increase to levels beyond compare.

Sounds crazy, but anything's possible in crypto land. If Solana went to $200, then Polygon could easily go to $20. Who knows what the future holds for the cryptocurrency? Just my opinion

There is no doubt about adoption of polygon, "Nike, Disney, Starbucks, Coca-Cola, Meta and Reddit" are among noticeable companies that are moving towards polygon. (Source).
Polygon price at the moment is 1.23$ and 20$ price is still way ahead. There are examples of alts that have climbed to new heights because of there own potential plus bitcoin bull run. So we can't rules out price of polygon reaching 20$ in near future.

SirLancelot

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Quote from: Popkon6 on February 23, 2023, 10:45:24 PM

The Polygon (matic) platform is currently gaining popularity. As Bitcoin grows, Polygon Coin keeps pace. And it is a well-known fact that a large investor with backing will certainly have the chance to go the longest. May be more than $20 if the number of investors increases. As was the case with Dougie Coin, the price rose overnight after Elon Musk took over the platform. So if such an investor takes polygon support, it is normal to exceed 20 dollars. Moreover, if the price of Bitcoin increases, the price of Polygon Coin will increase in the market.

Matic is already popular even before. To be precise, it gained popularity by the time ETH fees are rising through the roof. People ran there and use it as an alternative. I think ETH fees have slowly returned to normal and maybe the hype of matic is slightly going down as well.

There are now coins which are better than matic so I don't think matic will ever reach $20. Dogecoin pumped before but it was only an artificial pump. It happened only because some famous personalities are shilling it. Even though matic didn't reach a high price like that, matic was still far better than doge coin. Matic doesn't need a kind of similar support because the coin can stand on its own.

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Polygon zkEVM Mainnet Beta will be launching on March 27th. This will allow for Ethereum to scale without being limited.
Next week there is a audited testnet for Polygon zkEVM. https://polygon.technology/blog/the-audit-upgraded-testnet-for-polygon-zkevm

Popkon6

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The Polygon (matic) platform is currently gaining popularity. As Bitcoin grows, Polygon Coin keeps pace. And it is a well-known fact that a large investor with backing will certainly have the chance to go the longest. May be more than $20 if the number of investors increases. As was the case with Dougie Coin, the price rose overnight after Elon Musk took over the platform. So if such an investor takes polygon support, it is normal to exceed 20 dollars. Moreover, if the price of Bitcoin increases, the price of Polygon Coin will increase in the market.

wheelz1200

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Quote from: Abiky on February 23, 2023, 07:30:12 AM

Quote from: OgNasty on February 17, 2023, 06:32:52 PM

It does seem like MATIC (Polygon Network) has the right partnerships to be a powerhouse in the next bull run. They seem well positioned to be the chain of the metaverse and the affordable option for large companies to use to issue their NFTs. I don't see any reason why MATIC won't continue to rise in value. If BTC sees a x10 from here, I could easily see MATIC hitting $20, or maybe even $50 in the next bull run. I think I would be a bit surprised if it didn't at least test it's previous all time high. The only thing bearish about this coin is that it's already seen an incredible rise in value.

There's strong adoption for MATIC, so it should only be a matter of time before market prices skyrocket like crazy. People often overlook Polygon because they're foused on Solana and Ethereum. But they will eventually switch to Polygon, after it continues to be embraced by renowned companies in the mainstream world. $20 per coin is nothing if BTC continues to drive the crypto market all the way to the moon. MATIC is trading below $1, so why not buy more coins to stock them up for the future? Imagine if developers decide to burn MATIC tokens in the long run. It's price will increase to levels beyond compare.

Sounds crazy, but anything's possible in crypto land. If Solana went to $200, then Polygon could easily go to $20. Who knows what the future holds for the cryptocurrency? Just my opinion

I agree with your stement above but matic is now trading at link $1.40 hasn't been under a buck for awhile. Still a great price to buy in though. We are at or near the bottom amd the future outlook for matic is good. Price will inevitably rise once a new bull market is established. I don't think it's if I just think the wlquestion is when.

Abiky

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Quote from: OgNasty on February 17, 2023, 06:32:52 PM

It does seem like MATIC (Polygon Network) has the right partnerships to be a powerhouse in the next bull run. They seem well positioned to be the chain of the metaverse and the affordable option for large companies to use to issue their NFTs. I don't see any reason why MATIC won't continue to rise in value. If BTC sees a x10 from here, I could easily see MATIC hitting $20, or maybe even $50 in the next bull run. I think I would be a bit surprised if it didn't at least test it's previous all time high. The only thing bearish about this coin is that it's already seen an incredible rise in value.

There's strong adoption for MATIC, so it should only be a matter of time before market prices skyrocket like crazy. People often overlook Polygon because they're foused on Solana and Ethereum. But they will eventually switch to Polygon, after it continues to be embraced by renowned companies in the mainstream world. $20 per coin is nothing if BTC continues to drive the crypto market all the way to the moon. MATIC is trading below $1, so why not buy more coins to stock them up for the future? Imagine if developers decide to burn MATIC tokens in the long run. It's price will increase to levels beyond compare.

Sounds crazy, but anything's possible in crypto land. If Solana went to $200, then Polygon could easily go to $20. Who knows what the future holds for the cryptocurrency? Just my opinion

Charmekkd

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I can't predict because I'm still a beginner in crypto.
but this time the price of Polygon matic has not yet reached 20 dollars, but I think it will take a lot of time to touch 20 dollars.
but we won't know for the next like 3 years.

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Quote from: Abiky on February 09, 2023, 07:30:11 AM

Quote from: samcoin on February 06, 2023, 03:52:41 PM

It's notable that Matic is one of the most pumped coins in every market pump. Alongside with the news, we should consider some facts:
1- Although we are in a bear market, Matic is now the 5th Blockchain protocol in TVL (Total Value Locked).
2- Matic is one of the best assets with regards to development activities in the past two years.

The project development seems to be going on. That proves the team are serious, unlike a lot of projects with high market caps that stopped or slowed down the development of their products.

These metrics tells us there's more to MATIC "than meets the eye". I'm pretty sure this coin will "explode" in price after the next bull market. It might rise all the way to the top 5 ranks in market cap someday. If Solana went to around $200 per coin (even though it's an extremely-centralized and flawed chain), then Polygon (MATIC) could easily hit $20 per coin. Early holders of the coin like myself would become filthy rich if that happens. The cryptocurrency is still trading within the $1 range, so why not take the opportunity to grow your stack of coins for the future?

Depending on how popular MATIC gets, it's possible it could displace Solana as the leading chain for NFTs. Only then, it will compete with BNB as the third-biggest smart contract platform in the world. It won't compete with ETH directly, especially when Polygon relies on the ETH blockchain for security (sort of like a sidechain). With blazing-fast speeds and low gas fees, MATIC has everything it needs to reach mass adoption worldwide. Who knows how far will the cryptocurrency go? Just my thoughts Grin

It does seem like MATIC (Polygon Network) has the right partnerships to be a powerhouse in the next bull run. They seem well positioned to be the chain of the metaverse and the affordable option for large companies to use to issue their NFTs. I don't see any reason why MATIC won't continue to rise in value. If BTC sees a x10 from here, I could easily see MATIC hitting $20, or maybe even $50 in the next bull run. I think I would be a bit surprised if it didn't at least test it's previous all time high. The only thing bearish about this coin is that it's already seen an incredible rise in value.

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Quote from: Abiky on November 19, 2021, 10:14:50 AM

Do you think Polygon (MATIC) will reach $20 within a year from now? If not, why? What are your predictions for this cryptocurrency? Your input will be greatly appreciated. Thank you very much.

not this year, but probably in 2025 it will be $10, because today Matic touched $1.4 and it looks better, I think $10 is the closest price 2 years from now, not sure if $20 because it's too expensive to buy Matic

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Quote from: mdzahed134 on February 07, 2023, 03:30:55 PM

Quote from: rodskee on February 02, 2023, 04:11:57 AM

Quote from: mich on February 02, 2023, 01:53:23 AM

Polygon is up 12% just last 24 hours and up 24% the last week with total marketcap of $10.8 billion. This is the most gains for any coin on the coinmarketcap top 10.
Global investment firm Hamilton Lane and its $823.9 billion of assets could be the reason. https://polygon.technology/blog/hamilton-lanes-2-1-billion-fund-opens-to-individual-investors-on-polygon-via-securitize

Well bitcoin is also in that high for the last couple of weeks and also ethereum has this so it means this is not new to expect because Matic is a good and potential coins that of course I also trust.
so lets see what comes next for this coin as we as Polygon supporters? may not expect that high but at least to see it go above 5$.

BTC and ETH isn’t comparable with Matic because both of these coins position is number 1 & 2 in crypto market. Today Matic hit 1.26$ i think which is a new ATH in the last a few months. Yeah, i don’t expect 20$ but i of course hoping that it can be hit at least $5 in the next bull run.

what? not just because those are in the ranking position meaning it isn't comparable to MATIC lol.

Polygon has its character that is something other users wanted to support and use , so never understimate a currency just because it is in lower rank and valuing small amount because you will never knew what happened in the coming years.

Topic: Polygon (MATIC) to $20? - page 5. (Read 5840 times)