Polygon Matic can be seen as an adage to Ethereum – the second-largest cryptocurrency by market cap – as it boosts the scalability and feasibility of using dApps.
Polygon Matic offers lower costs to developers for creating dApps using its own “Plasma Network”, which can then be pushed onto the Ethereum mainnet network easily.
The crypto market is currently in an accumulation stage according to a number of analysts. So this may be a good time to buy up on coins while their prices are relatively low with a few coins to hold them for the long term and see where they end up in a few months/in a year.
Cuban, who recently confirmed an investment into Ethereum Layer 2 scaling solution Polygon Matic, said that aside from Bitcoin BTC and Ethereum, the Polygon Matic network is “destroying everybody else.
Cuban referred to Bitcoin BTC as a store of value and Ethereum as a legacy, saying that these networks are not going away.
Then there’s everybody else,” he said. “Right now, Polygon Matic is destroying those everybody else.
Highlighting the fact that a lot of these other cryptocurrency projects have more than $20 billion in fully diluted market cap, Mark Cuban emphasized that the longer they take to “get out the door and not be vapourware, the greater disadvantage they are going to have.
We always talk about the cryptocurrency winters or these big declines in pricing. We ain’t seen nothing yet,” said Cuban, comparing today’s dynamics to the internet boom between 1995 and 2000.
In every category, there was a ton of competition, but it really was a zero-sum game. Maybe one big winner, and a couple of follow-up number twos, and then the other 90% going out of business.
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