ETH - Could Polygon Reach $3?
Polygon (CRYPTO: MATIC) hit an all-time high of $2.87 in December 2021 but has since been shredded and sits at just around $0.93 at the time of writing (October 28). Despite this year-long slump, Polygon has arguably achieved more than any other blockchain in 2022, and that could lead to the Ethereum (CRYPTO: ETH) scaling solution surpassing its previous all-time high and hitting $3.
The list of achievements in 2022 varies between new technology and budding partnerships with some of the most well-known companies in the world. Let's start with Polygon's technological accomplishments.
Polygon is best known for making Ethereum transactions faster and cheaper. Referred to as a layer 2 blockchain or sidechain, Polygon offloads transactions from Ethereum's blockchain and adds them at a later date.
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Could Polygon Reach $3?