#POLYGONMATIC ,,🚀🚀🚀

MATIC price recovery stalled at $0.4150 on Monday, November 18 as it continued to underperform its top peers like Cardano and Solana. It has rallied by just 45% from its lowest point this month as some analysts predict a potential Polygon breakout, with one expecting a 3,050% surge to $12.66.

MATIC Price Prediction: Analyst Sees A Big Surge Ahead

MATIC Price Chart

MATIC Price Chart Analyst Forecast by Crypto Town Hall

Polygon, one of the earliest names in the layer 2 industry, has underperformed other top cryptocurrencies and remains substantially lower than its record high of $2.91.

It has also lost market share to other newer and faster-growing layer-2 blockchains like Base, Arbitrum, and Polygon.

Still, Crypto Town Hall, an X post with over 86,000 followers, noted that the MATIC price had room to rise to $12.66 by 2030. Such a move would represent a 3,050% surge from the current level.

These big moves are common in the cryptocurrency industry. For example, Mantra, a popular cryptocurrency in the Real World Asset (RWA) tokenization industry, has jumped by over 20,000% this year.

The main catalyst for the bullish MATIC price prediction is the fact that Polygon still has strong fundamentals as one of the top players in the crypto industry. It will benefit from the recent zkEVM upgrades and partnerships with companies like Magic Labs and Nomura.

Further, Polygon’s adoption is still strong, as evidenced by the success of Polymarket, which predicted the US election results accurately.