MATIC
Highlights: Polygon, formerly known as Matic Network, is the leading Ethereum scaling solution that addresses the network's high transaction fees and congestion. By providing a framework for building and connecting Ethereum-compatible blockchain networks, Polygon has become a critical infrastructure for decentralized finance (DeFi) projects and non-fungible tokens (NFTs). Its previous all-time high of $2.92 highlights its potential for significant price appreciation.
Potential to reach $1: Polygon would need to double its current price to reach $1. The platform's widespread adoption in the DeFi and NFT sectors, coupled with its role in enhancing Ethereum's scalability, makes it a strong contender for price growth. As more dApps and projects migrate to or launch on Polygon, its value proposition is likely to increase, bringing it closer to the $1 mark.
