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
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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
Bump this thread. quite interesting to start the discussion again right here.
Because now, June 5 2024, it turns out that Polygon, which was expected to become even bigger, cannot achieve or overtake the position of Cardano. In fact, currently, Polygon's position is dropping, yes, Cardano is in 10th position and Polygon is in 18th position.
https://coinmarketcap.com/
Polygon is expected to be an alternative to the Ethereum network that is much faster and smoother. However, it turns out that the progress of this project is not that smooth. Even after the success of Solana, Polygon is now just a shadow and no longer as popular as before. But I really believe in this coin. I don't know, I hope it can still survive and actually rise to an even higher price rate.
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To date, Polygon has yet to overtake Cardano. Although, I think it might do that with time because of the continuous development and big partnerships with the Polygon network. Let's see how the upcoming bull market will turn out.
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To date, Polygon has yet to overtake Cardano. Although, I think it might do that with time because of the continuous development and big partnerships with the Polygon network. Let's see how the upcoming bull market will turn out.
To date, it is the opposite of the evidence you gave at that time, maybe a few months ago Polygon was stronger than Cardano but now it has been proven that Cardano is stronger than Polygon.
1. https://coinmarketcap.com/currencies/cardano/ is ranked 11th.
2. https://coinmarketcap.com/currencies/polygon-ecosystem-token/ is ranked 33rd.
The gap is very far, around 20 ranking numbers and I am not sure in the near future that Polygon will be able to overtake Cardano coins again. Even though Polygon has a lot of features such as zkEVM, Polygon scan, etc., it still can't compete with Cardano coins.
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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
The coin ranking on the coinmarketcap platform is not a stable positions, it certain that some times most project will come out stronger and over take others. Today polygon matic may be on top position, while on another reason, cardano Ada may be on top and other solid projects that are also listed on coinmarketcap can also over take.
In a nutshell, coin ranking has been on a continuous changing arrangement, and apart from Bitcoin, all coin/tokens ranking has remain unstable.
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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
The coin ranking on the coinmarketcap platform is not a stable positions, it certain that some times most project will come out stronger and over take others. Today polygon matic may be on top position, while on another reason, cardano Ada may be on top and other solid projects that are also listed on coinmarketcap can also over take.
In a nutshell, coin ranking has been on a continuous changing arrangement, and apart from Bitcoin, all coin/tokens ranking has remain unstable.
It doesn't seem like it will be that easy, because for now, POL's position is dropping even more, even at rank 33 while Cardano is at rank 9. Not only that, in the last 24 hours, when most of the altcoins increased in price, only POL actually fell more than -4% in the last 24 hours even though yesterday it had risen and I really hoped this would continue to rise, but it didn't work and in the end it dropped so easily in the last 24 hours. this is really sad. although there is indeed a lot of speculation that POL will be able to rise again during the bull era, I am starting to get very worried because there is no development of the project and there is increasingly less positive news from Polygon.
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The coin ranking on the coinmarketcap platform is not a stable positions, it certain that some times most project will come out stronger and over take others. Today polygon matic may be on top position, while on another reason, cardano Ada may be on top and other solid projects that are also listed on coinmarketcap can also over take.
In a nutshell, coin ranking has been on a continuous changing arrangement, and apart from Bitcoin, all coin/tokens ranking has remain unstable.
It doesn't seem like it will be that easy, because for now, POL's position is dropping even more, even at rank 33 while Cardano is at rank 9. Not only that, in the last 24 hours, when most of the altcoins increased in price, only POL actually fell more than -4% in the last 24 hours even though yesterday it had risen and I really hoped this would continue to rise, but it didn't work and in the end it dropped so easily in the last 24 hours. this is really sad. although there is indeed a lot of speculation that POL will be able to rise again during the bull era, I am starting to get very worried because there is no development of the project and there is increasingly less positive news from Polygon.
Indeed, even now we see the market cap is still quite far apart. Maybe that was when Polygon first arrived and it was indeed hyped, and it was expected to be one of the coins that did have high potential. It's just that as time went by, it turned out that they didn't succeed that successfully. and even dropped very drastically. Now, ADA's market cap is around $30,819,350, while POL's is $4,031,301,217, the difference is very far, right? Now POL is even more marginalized.
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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.
When it comes to Coinmarketcap coin/tokens ranking, it is not always a stable position because of many factors like the demand/supply principles, innovations, upgrades, community, hypes etc.
As at today, the gap between Ada and Matic is very wide, but in crypto any thing can happen. Ada is at the number seven positions with marketcap at $36.6b, while Matic is at the number 32 position with marketcap at $4b. Though this a huge gap but matic can bounce back anytime especially if there are new technological upgrades, innovations, demands
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Though this a huge gap but matic can bounce back anytime especially if there are new technological upgrades, innovations, demands
Matic is going the EOS way.
When you have three rebrandings, two changes in what the coin was supposed to do, a full-blown bull run and you're still bleeding money, those are all clear signs nothing is going to save it, coins die every cycle, no matter how much hype is for one and how many bagholders scream and pray of better times , coins still die!
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No, I don't think so. It is undeniable that ADA's movement is quite slow and not as fast as its competitors. However, when compared to Polygon, in my opinion, ADA is still better.
Let's just check on CMC, ADA has managed to rise to rank 9, and its market cap is quite good compared to POL which is currently ranked 41, where it has dropped very drastically. And the price is also more significant for ADA than POL.
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What I have heard about Polygon is that there is the poly market that a lot of people were talking about, and maybe a lot of people got on board with the chain just because of it. I have seen and played around with it, and it’s quite interesting.
For ADA, I haven’t seen many of the projects going around, but I’m not updated with it, so maybe I missed some of it out
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What I have heard about Polygon is that there is the poly market that a lot of people were talking about, and maybe a lot of people got on board with the chain just because of it. I have seen and played around with it, and it’s quite interesting.
https://coinmarketcap.com/currencies/polygon-ecosystem-token/
I saw it even upside down because Polygon seemed less asked for by the community because the ranking and marketcarc continued slowly, this was sad if in my opinion.
Maybe it takes a few more hypes from Bitcoin to be able to raise the entire Altcoins throughout the market including polygon coins.
For ADA, I haven’t seen many of the projects going around, but I’m not updated with it, so maybe I missed some of it out
https://coinmarketcap.com/currencies/cardano/
Precisely Cardano is now very strong and able to survive in the Top 10 Coinmarketcap.
I think Cardano has a very much money backingan when compared to Polygon. Proven and seen about the marketcap ranking there is also a very far gap.
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It doesn't seem like it will be that easy, because for now, POL's position is dropping even more, even at rank 33 while Cardano is at rank 9. Not only that, in the last 24 hours, when most of the altcoins increased in price, only POL actually fell more than -4% in the last 24 hours even though yesterday it had risen and I really hoped this would continue to rise, but it didn't work and in the end it dropped so easily in the last 24 hours. this is really sad. although there is indeed a lot of speculation that POL will be able to rise again during the bull era, I am starting to get very worried because there is no development of the project and there is increasingly less positive news from Polygon.
Indeed, even now we see the market cap is still quite far apart. Maybe that was when Polygon first arrived and it was indeed hyped, and it was expected to be one of the coins that did have high potential. It's just that as time went by, it turned out that they didn't succeed that successfully. and even dropped very drastically. Now, ADA's market cap is around $30,819,350, while POL's is $4,031,301,217, the difference is very far, right? Now POL is even more marginalized.
Yes, there is no hope for Matic to be able to achieve the ability to take over ADA's ranking or take over the market cap. Even now POL is still very down and its price is bad. So the trust of the holders towards POL is getting worse too. The market cap also does not increase drastically, the price, too, being to be worse, It's like it seems to dead.
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The news is past and now Cardano is leading rather than Polygon which is increasingly Dump.
I don't know what the problem is with Polygon because I see that Cardano seems to be too strong for Polygon.
Maybe when Polygon overtook Cardano in the past it was because Polygon had a very interactive period from the various technologies owned by Polygon so that it was able to overtake Cardano but now the strongest evidence is in the community that continues to support Cardano over Polygon.
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It doesn't seem like it will be that easy, because for now, POL's position is dropping even more, even at rank 33 while Cardano is at rank 9. Not only that, in the last 24 hours, when most of the altcoins increased in price, only POL actually fell more than -4% in the last 24 hours even though yesterday it had risen and I really hoped this would continue to rise, but it didn't work and in the end it dropped so easily in the last 24 hours. this is really sad. although there is indeed a lot of speculation that POL will be able to rise again during the bull era, I am starting to get very worried because there is no development of the project and there is increasingly less positive news from Polygon.
Indeed, even now we see the market cap is still quite far apart. Maybe that was when Polygon first arrived and it was indeed hyped, and it was expected to be one of the coins that did have high potential. It's just that as time went by, it turned out that they didn't succeed that successfully. and even dropped very drastically. Now, ADA's market cap is around $30,819,350, while POL's is $4,031,301,217, the difference is very far, right? Now POL is even more marginalized.
Yes, there is no hope for Matic to be able to achieve the ability to take over ADA's ranking or take over the market cap. Even now POL is still very down and its price is bad. So the trust of the holders towards POL is getting worse too. The market cap also does not increase drastically, the price, too, being to be worse, It's like it seems to dead.
Cardqano ADA has shown good movement, so it seems that POL's hope to compete with AD will never happen this year. As you said, POL has experienced a sharp decline and seems to have difficulty rising.
so it's better not to expect too much from POL.
we think more realistically, so as not to be too disappointed.