What is in store for MATIC this bull run and how high will it go?
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#matic #polygon #ethereum #crypto #altcoins
Polygon is far from its all-time high But we haven't seen anything from Polygon yet I'm here to tell you the top Three reasons polygon will explode this Bull run it's time to discover Crypto polygon is an ethereum side chain And ZK rollup AKA zero knowledge rollup That aims to solve the two biggest Issues on eth low throughput which means A low amount of transactions being Processed per second and expensive gas Fees if you've ever used used eth you Know sometimes a gas fee can run you a Couple hundred bucks during Peak traffic And I personally feel lucky if I get a Gas fee under $20 polygon aims to solve These issues by working alongside Ethereum and processing bundles of Transactions before sending that info Back to the eth chain this means Ethereum gets the same information Without having to process a ton of data Leading to faster transactions and way Cheaper gas fees usually around 1 or two Cents as polygon grew at lightning speed They developed very impressive Partnerships with companies like Nike Adobe Disney Adidas many more this in Turn brought even more users and Appreciation of polygon's token madic Then polygon acquired multiple companies That specialize in ZK technology and Created their cdk which stands for chain Development kit this helps developers
Create new chains more easily there are Thousands of dabs built on polygon and They benefit from the security of Ethereum with the cheaper fees and Faster transactions of Po polygon so why Do I have such high hopes for polygon Well the first reason is polygon just Released exciting technology to solve The scalability issues of the current L2s on ethereum this Tech is called the A layer not egg layer the a layer shout Out to Texas A&M I'll hit you with the Problem first currently there are tons Of layer twos that settle on E the issue Is they don't connect to each other Creating limited liquidity and Information flow between them you have The ability to bridge your assets Between the l2s but it takes a long time And the gas fees are quite significant Because of the complications of bridging These assets the scalability and num Shoot up potential are pretty much Diminished basically all these chains Are fighting each other for liquidity Versus working together enter polygon's A layer to save the day a layer allows All the layer twos to settle and connect To each other through it the layer 2 Send their proofs to Ager and true to Its name Ager Aggregates that data Finally sending that data to eth in one Go this means that a chain like Immutable can connect to Asar or any
Other layer to that uses a layer sending Assets cross chain becomes way more easy And userfriendly these chains can share Liquidity and create a system of Cross-chain apps and with that increased Liquidity there's potential for even More growth and developers will be able To create even more attractive projects Any chain that joins the polygon AG Layer will have access to all the Established liquidity from day one on Launch think how much easier and less Intimidating it'll be for newer Developers to launch projects and Although other teams are developing Solutions to the same problem polygon Has the benefit of being one of the First to release and they also have a Seasoned team of some of the best ZK Tech people in the industry so I expect Ager to be the default tool for the Smaller projects in fact on March 6th The project I just mentioned Asar left Polka dot and launched a ZK rollup on Ethereum with a connection through Ager Becoming the first project to do so Asar Ecosystem sits around 700 million but With polygon's agay bridge to ethereum Any eth asset can seamlessly transfer to AAR polygon's co-founder sand deep nawal Said this about the integration today is An important first step to welcome Communities to a seamless multi-chain Ecosystem and with Asar and numerous
Other ZK power chains on boarding soon Polygon cdk and Ager are poised to bring Internet scale capabilities to the world Of crypto I don't know about you that Makes me bullish though now agay version One launched in February this year and Version two which will support Cross-chain transactions is expected Later in 2024 and Asar isn't the only Exciting project taking advantage of This ecosystem in November 2023 exchange And web3 ecosystem okx launches zero Knowledge layer 2 built with polygon cdk Called X1 X1 will onboard okx is over 50 Million accounts into the polygon fold Jason Lao okx is Chief Innovation Officer officer said by collaborating With polygon we look to bring more Builders more use cases and ultimately The mass adoption of web 3 and then There's a mutable which has been killing It during the bull run so far they bring So much game development to the polygon Ecosystem and between a mutable and Polygon they control around 70% of web 3 Gaming so you have Asar X1 immutable and Many more projects all mixing together In a swirl of users and liquidity that Will make polygon bigger more secure and Even more powerful second bullish reason Is ethereum's denune upgrade which Occurred on March 12th this upgrade Creates new transaction called blobs That store chunks of data offchain this
Will reduce transaction cost and boost Efficiency and only benefits l2s like Polygon remember all those transaction Bundles polygon is processing offchain Well they can be stored using blobs Which will lead to less congestion on Ethereum as well as lower cost Transactions and the third and final Reason I'm bullish on polygon is the re Brand and swap from madic to pole now Don't forg out you got two years to swap Your madic pole has way more use cases Than madic and also introduces 2% Inflation which will allow users to Stake to receive increase rewards Currently you get around 5% APR for Staken mtic which isn't that exciting in The grand scheme of the cryptoverse but With the added inflation rewards are Said to be much higher and not only that Pole allows users to stti to multiple Chains securing those networks and Receiving Rewards you'll receive more Pull from polygon side chain but you'll Also receive rewards in immutables Native token IMX double the rewards Double the fun right and if that isn't Enough fun for you how about the rumors That pole stakers will be the first on The list for airdrops from new projects In the polygon ecosystem there's a whole Set of investors who specifically hunt Tokens in the hopes of farming air drops If polygon captures some of that market
There will be major price movement to The upside especially since over 90% of The tokens have been released so far now Given the rumors and hype surrounding Poll it's no wonder madic has almost Doubled since their recent low at the End of January and I think this is only The beginning for polygon madic is Insanely undervalued and most people Aren't yet aware of the groundbreaking Work the polygon team is doing but this Is why here at Discover crypto we bring You the alpha so you can make informed Decisions given all these factors I Think polygon can 10x during this cycle Polygon captures just half of ethereum's Market cap at the height of the last Bull Run we'd be looking at a price of Around $28 if crypto grows the way we think It's going to over the next year or two And polygon is able to capture Ethereum's market cap of today we'd be Looking at almost a $60 polygon this Might seem insanely bullish to you but Just think about the moves B&B made last Cycle and salana made this cycle there's Definitely possibility for polygon to do The same well that's all I got for you Today folks leave a comment down below Let us know how you're feeling about Polygon and I'll be checking them later As always I'll see you you at the [Music]
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