Ethereum’s side-chick, I mean sidechain, has spent most of crypto winter bear-rallying from announced partnerships with the likes of Starbucks, Disney and Meta. And this all coming after MATIC 1000x’d the 2021 bull run.
A first-mover of the L2 explosion and a timely rebrand Polygon network’s MATIC token was the beneficiary of existing ETH users looking for cheaper transactions and a cheap(er) token.
IMO, Polygon’s near term future value is already baked in. In order to keep pace with the shinier, newer L2s, Polygon needs a narrative boost besides big name partnerships and previous bull run success. We’ll see if Polygon’s pivot to the ZK land generates excitement beyond its current stagnant dominance. Show Less
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