Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polygon MATIC Forum => Topic started by: Sophie Robert on March 13, 2023, 08:31:45 AM
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Polygon currently ranking #8 in market cap and Cardano ranking #7. However, Cardano’s market cap is presently higher than Polygon’s, at $10.62 billion compared to $9.25 billion for Polygon crypto.
Factors That Could Lead to Polygon Overtaking Cardano in Market Cap -
- Developer Interest and Innovation
- Partnerships and Integrations of Polygon (MATIC)
- Launch of Polygon (MATIC) zkEVM Mainnet on March 27th
- Market Trends and Sentiment
- Polygon leading DeFi Token COVO Gains 65% in Past Weeks
More detail at Coinpedia.
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Until this moment I replied to your post that the Cardano coin was still above Polygon, the Cardano ranking was still at number 8 and the Polygon Matic coin was at number 15.
In fact, it has drifted away from the Cardano coin, perhaps Polygon is looking for the latest innovations to be able to overtake the Cardano coin, for example in terms of the various features it provides.
I prefer the latest project from the Polygon Matic coin, zkEVM, because it has a system to reduce gas costs from Ethereum L1 and until now there are still many fans of Ethereum L2 (Arbitrum, Optimist, Aptos, zkSync, Starknet).
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In fact, it has drifted away from the Cardano coin, perhaps Polygon is looking for the latest innovations to be able to overtake the Cardano coin, for example in terms of the various features it provides.
Maybe it is also a historical factor that the Cardano coin is still too strong when compared to the Polygon Matic coin.
The Cardano coin was created more importantly than the Polygon Matic coin, in other words, this Cardano coin has a better name and has a large community.
As you said, the Polygon Matic coin must continue to innovate to provide various new technologies in cryptocurrency so that it can approach and overtake the Cardano coin.
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The platform's current marketcap is much higher than many unique platforms.
Polygon market cap:
24 hours (high) Trading Volume: 95.14m
24 hours ( Low) Trading Volume 75.35m
Much larger than the Cardeno platform, the platform also has a much lower trading volume and number of other holders. So I consider the Mathematical platform to be a try in any way
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Polygon currently ranking #8 in market cap and Cardano ranking #7. However, Cardano’s market cap is presently higher than Polygon’s, at $10.62 billion compared to $9.25 billion for Polygon crypto.
Factors That Could Lead to Polygon Overtaking Cardano in Market Cap -
- Developer Interest and Innovation
- Partnerships and Integrations of Polygon (MATIC)
- Launch of Polygon (MATIC) zkEVM Mainnet on March 27th
- Market Trends and Sentiment
- Polygon leading DeFi Token COVO Gains 65% in Past Weeks
More detail at Coinpedia.
So what about now that the Bump of Polygon had ended and yeah now drops badly to rank 15 and sadly the Opposing one that you tried to compared is now stays rank 8 as Cardano maintain its position.
Where does Matic coming now as this thread runs almost 1 year now.
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Until this moment I replied to your post that the Cardano coin was still above Polygon, the Cardano ranking was still at number 8 and the Polygon Matic coin was at number 15.
In fact, it has drifted away from the Cardano coin, perhaps Polygon is looking for the latest innovations to be able to overtake the Cardano coin, for example in terms of the various features it provides.
I prefer the latest project from the Polygon Matic coin, zkEVM, because it has a system to reduce gas costs from Ethereum L1 and until now there are still many fans of Ethereum L2 (Arbitrum, Optimist, Aptos, zkSync, Starknet).
Yeah, both Polygon and Cardano are developed very well, but it seems that Cardano continues its journey to become better Layer-1, while Polygon has many goals: maintain Layer-1, develop Layer-2 solutions for Ethereum to compete with Arbitrum or Optimism. I support both, but I feel Cardano has a clearer goal so it is more supported by the community while Polygon is being left behind in the Layer-2 race and the token has not been able to gain the cash flow favor.
Polygon had a really impressive 2020 cycle, it should bounce back with a clear goal and a more effective marketing campaign for this 2024 cycle.
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Polygon had a really impressive 2020 cycle, it should bounce back with a clear goal and a more effective marketing campaign for this 2024 cycle.
I just looked at Coimarketcap and the value of Cardano's marketcap is very large when compared to Polygon, the difference is probably around 3x if you look at the marketcap.
Supposedly with the development of the Polygon coin which carries Layer2 for Ethereum it should be able to compete with Cardano and this is just waiting for the right time for Polygon Matic to rise.
My optimism with this OP's post is that Polygon Matic has a fairly strong community and is supported by Binance because if I'm not mistaken, Polygon Matic is an IEO coin from Binance Launchpad at 2019. CMIIW :)
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My optimism with this OP's post is that Polygon Matic has a fairly strong community and is supported by Binance because if I'm not mistaken, Polygon Matic is an IEO coin from Binance Launchpad at 2019. CMIIW :)
Yeps, it's true that Polygon Matic is an IEO token on Binance and until now the collaboration between Polygon Matic and Binance is very close.
If Polygon Matic wants to approach the market cap of Cardano, that means it has to be strong with various new and updated developments because Cardano also has very strong finances.
Cardano is supported by IOHK and various Whale class investors all in Hon Kong and we all know that Hong Kong is the center of business from all over the world, just like Singapore and Switzerland country. Cmiiw
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Cardano is supported by IOHK and various Whale class investors all in Hon Kong and we all know that Hong Kong is the center of business from all over the world, just like Singapore and Switzerland country. Cmiiw
It doesn't matter where Cardano coin investors come from, because the proof is that Cardano coin is still ahead of Polygon coin.
But what if all the Whales moved their investments to the Polygon Matic coin? Can things be quickly reversed, so that Polygon coin can be ranked above Cardano coin??
Everything can change at any time because all altcoinstalks members already know that cryptocurrency is full of uncertainty, but I am sure that the price of the Polygon Matic coin when the Bull Run occurs will be able to overtake the price of the Cardano coin.
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Cardano is supported by IOHK and various Whale class investors all in Hon Kong and we all know that Hong Kong is the center of business from all over the world, just like Singapore and Switzerland country. Cmiiw
It doesn't matter where Cardano coin investors come from, because the proof is that Cardano coin is still ahead of Polygon coin.
But what if all the Whales moved their investments to the Polygon Matic coin? Can things be quickly reversed, so that Polygon coin can be ranked above Cardano coin??
It is certain that if Whales moves its investment to the Polygon Matic coin then it will definitely shift the Cardano coin, at least maybe 1 to 5 rankings from before.
But the problem is, what made Whales move their funds to buy Polygon Matic coins?
This kind of behavior must be agreed because it is not as easy to turn your hand if Whales moves its assets to another coin like it did from Cardano coin to Polygon Matic coin.
If that happens, then there will definitely be big news in various online media such as Blmberg, Bitcoin Magazine, Coindesk etc. about Whales moving their assets from Cardano coins to Polygon Matic.
I'm also sure I will be shocked to read this news and I will definitely panic buying Polygon Matic coins to make a profit.
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The gap of the ADA coin is much larger than the MATIC coin almost 2 times and this value is very huge, above they write that if whales will transfer their investments from one coin to another it is unlikely, well at least no one has ever done this and I'm sure that this time no one will do it, so my opinion that the ADA coin will not overtake.
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The gap of the ADA coin is much larger than the MATIC coin almost 2 times and this value is very huge, above they write that if whales will transfer their investments from one coin to another it is unlikely, well at least no one has ever done this and I'm sure that this time no one will do it, so my opinion that the ADA coin will not overtake.
In my opinion, MATIC has the potential in the future to overtake ADA, even though it is still far away. because I think MATIC already has a good community and project