Polygon ($MATIC): Coin Bureau Says Price ‘Could Easily’ Reach $5 by End of 2021

Recently, crypto influencer “Coin Bureau” (“@coinbureau” on Twitter) talked about Polygon ($MATIC), which is one of the few cryptoassets that he regrets “not buying sooner.”

Polygon is “a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.”

In a video (titled “TOP Altcoin Picks 2021 Q3”) released on YouTube channel “Coin Bureau“, the show’s pseudonymous host told the channel’s over 1.2 million subscribers why he is so bullish on $MATIC and gave his year end price target.

He had this to say about $MATIC:

• Polygon is “the preferred layer 2 scaling solution” for Ethereum.
• Some of the very popular decentralized applications (Apps) that have built on Polygon include Ave ($AAVE), Decentraland ($LAND), and SushiSwap ($SUSHI).
• Its 300+ DApps hold over $9 billion in total value locked (TVL).
• Both Coinbase and Binance have recently completed Polygon wallet integration.
• Number of active users (which is growing very rapidly) is more than that for some layer one (L1) blockchains.
• $MATIC not only powers the Polygon blockchain but it is important for Polygon’s expanding set of layer two (L2) blockchains for Ethereum.
• Since the start of 2021, $MATIC has had “a magnificent run.” Although the crypto market crash in the second half of Q2 2021 brought the $MATIC price down from its all-time high (ATH) of $2.44 (reached on May 18), with “mass adoption”, the price of this cryptoasset has a “realistic” chance of hitting $5 by the end of this year.

Yesterday (August 12), next-gen banking platform Cash announced that it is planning to come to Polygon.