Crypto analysts Lark Davis thinks a $10 price for Polygon (MATIC) is inevitable by the end of 2022.
He highlights various developments, partnerships, and milestones the network has achieved as the reason for this.
The wider crypto market has seen even bigger losses in the past week, and Polygon (MATIC), Ethereum’s layer-two solution has been no exception. MATIC has cut 17.3 percent value in a week, to now trade at around $2.11. However, crypto analyst Lark Davis predicts a $10 price for the coin by year’s end. Here’s why:
Last year, Polygon acquired two major zk-rollup scaling solutions, namely: Hermez network in August and Mir blockchain in December. These have increased utility for its cross-chain users, in addition to providing more solutions than those hosted on Ethereum. In total, the network had 6 solutions released over 2021, including Nightfall, which was built in collaboration with global account firm EY.
These technological developments, among others, have brought
