Can Polygon (MATIC) Reach $10?
The Polygon (CRYPTO: MATIC) crypto token has a total market footprint of $6.4 billion today. That's the 11th largest name on today's crypto market. Still, it's a long way behind the $221 billion market cap of Ethereum (CRYPTO: ETH), the smart contracts platform and fundamental cryptocurrency that Polygon was designed to improve. At $0.68 per token, Polygon's coin price also lags far behind Ethereum's $1,850 price tag.
Nobody expects Polygon to catch up to Ethereum in terms of token prices or market values, but its investors are looking back an an all-time high of $2.92 per token with a collective sigh. Once upon a time, this cryptocurrency seemed like a lock for unit prices of $10 and beyond.
Is that dream still alive in the summer of 2023? Let's have a look.
Source Fool.com
