Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: notfairchild on August 04, 2021, 08:01:19 AM
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Will eth price have effect on Matic?
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Will eth price have effect on Matic?
Yes
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If, after the London hard fork, the price of ethereum rises, and there is no doubt about it, it will be a catalyst for the growth of all potential altcoins. This should especially apply to the erc-20 tokens and others that were issued on the platform of this coin. Of course, this will also depend on a number of additional factors, including general market trends, the positive results of the hard fork, and even news information during that period.
Anyway, we will see it soon. In the meantime, the price of ethereum has already risen to $ 2,717, although yesterday it was below $ 2,500.
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If the event really gives a positive impact on EThereum, the biggest influence will be for the.
However, we don't know whether it will give a positive impact or not.
At least we can see that some ERC20 tokens may also be increasing following the mother coin
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An important part of this update is layer-2, so MATIC will gain a huge user base from the Ethereum community. We can expect a rally in MATIC's price to 1.50 USD and possibly higher.
Before ETH2.0, Polygon still is the best layer-2 solution for community.