Polygon (MATIC)  has gained 75% in the past month and is now trading at $0.9, with investors looking at $2 as the next major price target amid positive developments.
In the first two weeks of November, investors placed over $125 million worth of MATIC futures contracts as investors’ interest in the token surged on the back of positive price movements.
Polygon is one of the most popular Layer 2 (L2) networks in the market, but its token MATIC has been underperforming for some time now. This has changed in the past few weeks as the token’s price surged towards the critical $1 resistance level. but is $2 an achievable target in the short term?
At press time, MATIC trades at $0.91 after a slight 2.8% dip in the past day amid a wider slowdown in gains by most large-cap cryptocurrencies. With a market cap of $8.46 billion, it’s the 11th largest crypto in the market, just ahead of Avalanche.
Despite the slight dip in the past 24 hours, Polygon has been one of the best performers in the

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