Polygon ($MATIC): Price ‘Could Easily' Reach $5 by End of 2021, According to Coin Bureau

Polygon ($MATIC) is one of the few cryptoassets that crypto influencer “Coin Bureau” (“@coinbureau” on Twitter) laments “not buying sooner,” according to him.

“A protocol and a framework for developing and linking Ethereum-compatible blockchain networks,” according to Polygon.

The show's pseudonymous presenter informed the channel's over 1.2 million subscribers why he is so positive on $MATIC and revealed his year end price target in a video titled "TOP Altcoin Picks 2021 Q3" on YouTube channel "Coin Bureau."

He said the following about $MATIC:

  • Polygon is Ethereum's "recommended layer 2 scaling solution."
  • Ave ($AAVE), Decentraland ($LAND), and SushiSwap ($SUSHI) are among of the most prominent decentralized applications (Apps) developed on Polygon.
  • Its 300+ DApps have a total worth of almost $9 billion (TVL).
  • Polygon wallet integration has recently been finalized on both Coinbase and Binance.
  • The number of active users (which is rapidly increasing) exceeds that of certain layer one (L1) blockchains.
  • $MATIC is vital for Polygon's growing set of layer two (L2) Ethereum blockchains, as well as the Polygon blockchain itself.
  • $MATIC has had a "magnificent run" since the beginning of 2021. Although the $MATIC price fell from its all-time high (ATH) of $2.44 (made on May 18) due to the crypto market crisis in the second half of Q2 2021, with “mass adoption,” the price of this cryptoasset has a “realistic” probability of reaching $5 before the end of the year.


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