While Polygon’s MATIC is down 11% in the past seven days, it is up nearly 3% in 24 hours and is currently trading at $ 2,166.
MATIC price table | Source: Tradingview
Although MATIC is fighting for the week along with most of the top cryptocurrencies, analysts and experts have their own reasons for optimism.
MATIC is on the way
Dealer Lark Davis to explain that MATIC will reach $ 10 no matter what the future holds. Given the “disproportionately cheap” gasoline rates, high speeds, and integrated solutions Polygon has to offer, Davis says he’s optimistic about MATIC.
According to the network’s own annual estimate, Polygon has recorded around a billion transactions and supports 2.5 times more transactions than Ethereum.
“The low-cost ecosystem (polygons an average of USD 0.028 versus Ethereum an average of USD 21 per transaction) opens up a completely different spectrum for user behavior.”
Polygon is growing more and more
According to Dune Analytics, Polygon has seen an increase in the number of unique users since the end of December. In addition, the number of unique users exceeded the 100,000 mark on two consecutive days and reached that level for the last time. That was about 90 days before – before the December 4th crash. In essence, this was a bullish sign for MATIC.
Source: Dune Analytics
On the other hand, the numbers also show that Polygon has increased its average gas tariff. The cause of the increase in early January was attributed to the NFT-based game Sunflower Farm. While Polygon’s gas fees are still much lower than Ethereum’s – and likely to continue to decrease – MATIC’s upward trend will likely depend on the network experience of Polygon users in 2022 as well.
Source: Dune Analytics
Race for second place
Cryptocurrency is certainly a competitive space. Analyst Spencer Noon disagrees with users’ opinion that Solana is the second most widely used smart contract platform and believes that the correct answer should be Polygon.
Polygon co-founder Sandeep Nailwal agrees with Noon’s views. He also pointed to the role of marketing in the United States in building Solana’s image. In addition, Nailwal is to explain that Polygon has overtaken Solana in terms of both daily active users and active development teams.
“I believe Solana will be more appealing to Web 3.0 newbies than Polygon because they are influenced by great organizational marketing in the US. But in reality Solana only has 180,000 DAUs and 200-300 active development teams, while Polygon has 270,000 DAUs and 2,000-3,000 active development teams. “
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How does MATIC come to $ 10 this year?
While Polygon’s MATIC is down 11% in the past seven days, it is up nearly 3% in 24 hours and is currently trading at $ 2,166.
MATIC price table | Source: Tradingview
Although MATIC is fighting for the week along with most of the top cryptocurrencies, analysts and experts have their own reasons for optimism.
MATIC is on the way
Dealer Lark Davis to explain that MATIC will reach $ 10 no matter what the future holds. Given the “disproportionately cheap” gasoline rates, high speeds, and integrated solutions Polygon has to offer, Davis says he’s optimistic about MATIC.
According to the network’s own annual estimate, Polygon has recorded around a billion transactions and supports 2.5 times more transactions than Ethereum.
“The low-cost ecosystem (polygons an average of USD 0.028 versus Ethereum an average of USD 21 per transaction) opens up a completely different spectrum for user behavior.”
Polygon is growing more and more
According to Dune Analytics, Polygon has seen an increase in the number of unique users since the end of December. In addition, the number of unique users exceeded the 100,000 mark on two consecutive days and reached that level for the last time. That was about 90 days before – before the December 4th crash. In essence, this was a bullish sign for MATIC.
Source: Dune Analytics
On the other hand, the numbers also show that Polygon has increased its average gas tariff. The cause of the increase in early January was attributed to the NFT-based game Sunflower Farm. While Polygon’s gas fees are still much lower than Ethereum’s – and likely to continue to decrease – MATIC’s upward trend will likely depend on the network experience of Polygon users in 2022 as well.
Source: Dune Analytics
Race for second place
Cryptocurrency is certainly a competitive space. Analyst Spencer Noon disagrees with users’ opinion that Solana is the second most widely used smart contract platform and believes that the correct answer should be Polygon.
Polygon co-founder Sandeep Nailwal agrees with Noon’s views. He also pointed to the role of marketing in the United States in building Solana’s image. In addition, Nailwal is to explain that Polygon has overtaken Solana in terms of both daily active users and active development teams.
“I believe Solana will be more appealing to Web 3.0 newbies than Polygon because they are influenced by great organizational marketing in the US. But in reality Solana only has 180,000 DAUs and 200-300 active development teams, while Polygon has 270,000 DAUs and 2,000-3,000 active development teams. “
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
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