Investment Worthiness of Polygon (MATIC) and Bullish Divergences

• Official blockchain platform of Swiss City Lugano
• MATIC Bullish Divergences
• Investment worthiness of Polygon
• Bitgert competitor to Polygon with gasless feature
• London Hardfork the EIP-1559 and Burning MATIC token
• Polygon (MATIC) taking its cue from Ethereum
• Heimdall and Bor stopped due to outrage and Hotfix was needed

Polygon was recently chosen as the official blockchain platform of Swiss City Lugano. The City is all set to build their blockchain infrastructure and Polygon will be assisting them in the process.

Polygon has an average risk rating as an investment asset.  The price of Polygon was at a recent low of $1. 24; technically it has a double bottom pattern after a long-term descending resistance line; combined with RSI and MACD MATIC generates bullish divergences.

The investment worthiness of Polygon should be judged considering the happenings in the network. Polygon has been trying to address the Ethereum Congestion. Being a Layer 2 blockchain, Polygon helps avoid high gas fees, which is important for Dapp developers. The network fee in Polygon Network is very low and MATIC is used to pay the Polygon Network fee. Further, NFTs on Polygon Chain are also becoming popular.  The numbers of transactions on the network is also increasing, thus indicating adoption.

Bitgert is being talked of as a competitor to Polygon (MATIC) and several other cryptos. The expectation is that the BRC20 blockchain might be a game changer as it seems to be solving several problems that Polygon solves with even better solutions.

The polygon (MATIC) multichain ecosystem has two products to be released in a short while.  The Network have a lot of targets in 2022 and they are positive and hopeful of their incoming developments.  The community expects an exponential growth with the product releases.

As a part of their key targets for early 2022, London Hardfork the EIP-1559 brings in a much-requested upgrade to the network to provide for the introduction of the burning of MATIC tokens and improved fee visibility. Polygon is taking its cue from Ethereum.

Polygon Hermez and Polygon Miden are set to launch their public testnets during the 2^nd and 3^rd quarters of 2022.

In year 2021, Polygon added six new products like SDK, Avail, Hermez, Nightfall, Miden and Zero – they were focusing focus on ZK (Zero-Knowledge) cryptography.

Previously, there was a network outrage in Polygon in early March and this led “Heimdall and Bor” to stop functioning. A hot fix, which was a minor upgrade became necessary.  This led to a need for a hard fork.

Bitgert with the lowest gas fee in the industry, at $0.0000000000001, has 100k TPS, faster than Polygon and Solana.  Bitgert BRC20 blockchain’s gasless feature is making Bitgert chain adoption fast.