Polygon A BETTER Crypto Investment Than Ethereum In 2023? ETH Vs MATIC | CoinMarketBag

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0.00263 dollars so 0.263 cents four-year Roi was 376 times but does this bigger Roi number for eth just mean that the token has had its run and based on market cap is it more realistic to expect higher returns from Matic in 2023 versus eth so I’ve compared two of the most important Parameters…

0.00263 dollars so 0.263 cents four-year Roi was 376 times but does this bigger Roi number for eth just mean that the token has had its run and based on market cap is it more realistic to expect higher returns from Matic in 2023 versus eth so I’ve compared two of the most important Parameters for both eth and Matic and I’ve made my determination we have a conclusion as to which one is going to be the better hold for the next crypto Bull Run Foreign Let’s talk a little bit about what’s happening here with ethereum in 2023 in a couple of months in March ethereum has its next big upgrade coming up we’ve talked about this it’s the Shanghai upgrade this is going to enable withdrawal of staked eath to the ethereum ecosystem and at the time of This video is recording over 13.48 of the total eth Supply is staked and from March 2023 a part of it will unlock for withdrawals so this enabling of withdrawals is also likely to have some ramifications on the market demand for eth and that could have an effect of Course on the price of ether therefore I plan to keep a close eye on e-sticking withdrawal schedules to understand their impact on the price of eth I’m going to keep you guys updated as well as far as that goes if you don’t want to miss these timely updates of course then make Sure you’re subscribed to altcoin buzz but here’s something pretty interesting the Shanghai upgrade will also have an effect on polygon AKA Matic how and why is something that I’m going to explain in the next section but make no mistake this will have an impact on polygon in 2010 three but let’s talk a little bit first about polygon in 2023 because it’s clear that polygon again tickermatic they had a terrific 2022 with major mainstream Partnerships really with some of the biggest brands out there Adobe Disney meta the NFL new bank Reddit Robin Hood and Starbucks among others And in 2023 polygon is bound to make it big because of these four factors so first of all projects are migrating to polygon the end of last year December 2022 saw three popular protocols migrate to the polygon Network for instance two major Solana nft platforms D gods and Utes they announced their move to polygon and more projects of course means more users and more token usage another major factor is the MasterCard incubator project on January 7th traditional Finance giant MasterCard they announced an incubator program that’s going to teach emerging artists how to use web 3 and blockchain Tech and The program is being called the artist accelerator program it is being developed in collaboration with polygon third major factor is that nft sale volume continues to spike polygon has effectively defied this crypto winter this crypto bear Market that we’ve been seeing with a major spike in nft sales Volume and finally there’s been a major uptick in users polygon also recorded more nft users than most other networks and this will undoubtedly translate into price action formatic but here’s something that most of us don’t know and what I alluded to earlier Shanghai the ethereum upgrade was originally expected To include additional much anticipated enhancements including photo dank sharding a streamlined data sampling process that would make layer 2 transactions like polygon transactions on ethereum significantly cheaper and faster but both updates were postponed to make sure eth withdrawals could debut by March cheaper and faster transactions on polygon will attract more users to Polygon and translate into price action but of course ethereum developers have not announced any date about this upgrade just yet let’s consider both chains here if we look at the pros of each chain we see an interesting development on one side ethereum of course has the most devs and the highest Tvl of all chains 60 actually of all chains compared to 2.59 percent on polygon so that’s effectively 26.7 billion dollars compared to 1.15 billion dollars big difference but on the other hand we see polygon with fast and cheap transactions the other day I wanted to Buy a 15 nft on openc and the gas fees alone for that were 11 that’s 11 on a 15 purchase so it’s no surprise that for reasons like this polygon tends to have the full support of the ethereum community now ethereum has a lot of institutional Demand which is a great thing in some senses because that’s where a lot of the money is and as a result this has a positive effective course on the price of ether for example ZK Solutions optimism layer 2 and layer 3 Solutions building on ethereum layer two deals With scalability and cheap and fast transactions and then the layer three chains deal with interoperability the IBC on Cosmos or Quant are samples of layer 3 by the way on polygon we’re seeing mostly retail demand however their list of web 2 Partnerships is impressive they partnered recently with Seemingly every big name in the web 2 sector and they all seem to want access into web 3 and they’ve chosen polygon for this we’re talking Disney Starbucks the NFL Adidas stripe meta and others by the way if you want to learn more about polygon and its intricacies in greater Detail we recently did this deep dive video that’s playing now you can check it out there should be a card popping up right about now this is where we talked more about things like zks and Roll-Ups and about their Partnerships let’s talk about the narratives for a second Because we see that ethereum staking is very successful and although you need to invest 32 eth to become a validator many people simply delegate their eth in other words they hand over their eth to a validator yield is around four percent on average soon you will be able to Unlock your staked eth with the Shanghai update again this is happening in March of 2023 currently holders are staking over 16 million eth and the withdrawal option for eth is the main narrative for the Shanghai update ethereum also turned deflationary after the merge because shortly after the merge the circulating Number of eth was declining and this is thanks to a new Burning mechanism with fees polygon on the other hand just completed a hard Fork on the 17th of January and this took care of gas fee spikes it also reduced by the way the time for making a new Block in other Words improving transaction finality furthermore polygon is a prime mover with ZK Solutions this is a technology that improves scalability in essence ethereum has a TPS a transactions per second metric of 11 to 15 whereas ZK Roll-Ups can change that up to 5 000 TPS maybe even more polygon also has the ZK Evm roll-up coming this is the first ZK technology that is completely compatible with ethereum it’s going to reduce transaction costs even more and allow for higher throughput and being a layer 2 it’s built on top of ethereum and so as a result it benefits from ethereum security let’s talk about demand drivers And buy walls so ethereum attracts mostly institutional demand both from web 2 and web 3 whereas on the other hand polygon tends to be more for retailers they attract some web 2 Institution however not as constant Investments we also see a strong ETF demand for eth that’s an exchange traded Fund in other words you can trade in BTC or eth on a traditional exchange so you don’t have to go through a crypto exchange necessarily ethereum also offers a multitude of layer 2 and ZK Solutions companies and firms will also put ethereum in their balance sheets for These reasons just the number of dapps alone in the ethereum ecosystem is astounding they have over 3 700 but that being said polygon hosts no fewer than 53 000 dapps the reality is as long as the eat gas fee remains High people will continue to see polygon as a very Suitable alternative so with all that information laid out probably many would expect that polygon may take this round however I’m going to give you a potentially less popular opinion I think that ethereum will output form polygon and here’s why so first of all the deflationary Dynamics and by walls Ensure eth dominance over polygon by walls are when a large group of Traders sometimes whales but not always when a large group of Traders try to control an asset’s price this will of course suit their best interest we also see Rising competition in the layer 1 space which Is not benefiting polygon in the long run polygon sits at a dollar as I record this video that is down 65 percent from its all-time high but at the same time ethereum as well as Bitcoin are down 65 maybe 70 percent it is a clear sign that Polygon is overvalued at this price for a bear Market entry and so it’s probably best to accumulate polygon in the range of 50 to 70 cents and ether in the range of 900 to 1 000 dollars Polygon is more of an Ethereum savior than killer.It helps Ethereum with scalability issues and offers cheap and fast transactions.But which one of these two MATIC or ETH is the best choice in the crypto long term? 🚀Find the most undervalued gems, up-to-date research, and NFT buys with Altcoin Buzz Access🚀 Join Altcoin Buzz Access Pro FOR FREE➡️ https://t.me/AltcoinBuzzSignals ● Recommendations ● 📖 Read the Article: https://www.altcoinbuzz.io/cryptocurrency-news/product-release/polygon-a-better-crypto-investment-than-ethereum-in-2023/ ⏱️ TIMESTAMPS 0:00 Ethereum and Polygon 0:58 ETH in 2023 1:59 MATIC in 2023 4:07 Pros Ethereum vs Polygon 5:57 Comparing Narratives 7:32 Demand Drivers and Buy Walls 8:33 Our Verdict ● Freebies ● 📖FREE WEEKLY MARKET & NFT UPDATE REPORTS https://drive.google.com/drive/u/1/folders/1XH5BE4xt1JViVFRLKU8rhGsUBT6lqLEN ➡️ FREE CRYPTO PROJECT EVALUATION CHECKLIST Use this checklist to help you with the research and due diligence process for any crypto project.https://bit.ly/altcoinbuzz-checklist ● Affiliate Links ● 💰Binance US Affiliate Sign-Up Links💰 🚩Binance US http://binance.pxf.io/altcoinbuzzyoutube-us 💰MEXC Affiliate Sign-up link💰 https://www.mexc.com/register?inviteCode=mexc-1GTD8 ● Community & Socials ● 💰FREE TRADING SIGNALS https://t.me/AltcoinBuzzSignals 🗣️ALTCOIN BUZZ CHAT https://t.me/AltcoinBuzzChat 🌍TOP CRYPTO NEWS https://www.altcoinbuzz.io 📰FREE NEWSLETTER http://eepurl.com/dnIEz1 🔷TWITTER https://twitter.com/altcoinbuzzio 🔗COINGECKO https://gcko.io/altcoin-buzz ● Disclaimer ● The information discussed by Altcoin Buzz is not financial advice.This is for educational and informational purposes only.Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours.Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.Please do your own due diligence and rating before making any investments and consult your financial advisor.

We believe that the information presented is correct and accurate, however, there is no guarantee or warranty as to the accuracy, timeliness, or completeness.Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence.Copyright Altcoin Buzz Pte Ltd.All rights reserved.Altcoin Buzz may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners.bitcoin ethereum btc eth solana eth price #ethereum #polygon #matic source.

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