How far do you see Polygon MATIC reach by end of this year? Good time to buy or I should wait for a retrace

Polygon’s MATIC has been all over the news in the past few days for its crazy eye-popping rise, and I am wondering what is happening and what could be the cause of this astronomic rise. As a matter of fact, this is the kind of rise you experience when a new project is about to get launched on a major exchange or when it has something big about to happen. Guess I missed something in the news about MATIC which is responsible for this spike.

Although I read that that the network has experienced some huge number of projects get on-boarded. Looking at the charts, MATIC was at $0.31 as at June 18 and by July 21, MATIC is touching $0.9 per token. That’s about 200 percent in barely one month. And that’s coming from a coin that has been around for quite some time, and not some recent project like Messenger app token Toklok, Stacks or chronoly.

With this trend, you think MATIC could hit $5 by the end of this year? What do you think about getting some MATIC right now?

submitted by /u/Successful_Fereet
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source https://www.reddit.com/r/btc/comments/w4orgw/how_far_do_you_see_polygon_matic_reach_by_end_of/