Altcoins News
By Sydney TheCMO
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Polygon has been around since 2017 as a layer 2 scaling solution for the Ethereum blockchain. However, Ethereum 2.
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Ethereum network’s overreliance on external scaling solutions will come to an end once the Ethereum 2.
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Most of the projects that have been launched on Polygon leverage the speed and scalability advantages that the network delivers while still taking advantage of the security and…
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If that is the case, Polygon might experience diminished demand which will directly affect demand for the MATIC token which has grown rapidly this year especially after its…
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MATIC is currently trading at $1.53 and has risen by 12.69% in the last 7 days but its price slipped by 6.59% in the last 24 hours.
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The MATIC token is currently experiencing substantial trading volume although not as much as in May when it reached its all-time high.
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Although it might be difficult to determine the fate of the MATIC token and Polygon platform right now, the effects of Ethereum 2.0 are predictable to some degree.
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How will Polygon survive the upcoming disruption?
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The impact will likely not be as pronounced because Polygon already has a lot of projects currently running on its network.
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Polygon’s MATIC network could potentially continue to enjoy healthy demand for its services if Ethereum gas fees remain high.
The Currency Analytics
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