Polygon (MATIC), Ethereum's leading layer-2 scalability solution, has underperformed the crypto market in 2023, with a year-to-date gain of just +13.25%. However, an AI price prediction model forecasts a significant surge for MATIC in 2024, following the Bitcoin halving event in April. The model predicts a high of $3.16 by November 2024, a +268% gain from the current price and a new all-time high for MATIC.

Polygon Labs has formed high-profile partnerships with global brands such as Adidas, Stripe, and Adobe, which have launched Web3 products on the Polygon network. Amazon Web Services has also recently launched a Polygon-based solution for developers. Additionally, the migration to Polygon 2.0, a multichain ecosystem with a new native token called POL, could drive bullish sentiment around the project. Polygon 2.0 aims to offer "unlimited scalability and unified liquidity" through its unique virtual machine, zkEVM, and the new POL token.

Despite competition from new scalability solutions like Optimism and Arbitrum, Polygon remains the top layer-2 solution in terms of market cap and user base. High-profile brands building Web3 products on Polygon could drive consistent user growth and brand awareness, potentially contributing to a post-halving bull run. The AI model predicts a MATIC price of $3.16 by November 2024, a +268% gain from the current level.