Cryptocurrency dealer Lark Davis is anticipating extra large good points from a layer-2 Ethereum (ETH) answer that’s coming off a breakout 12 months.
Davis tells his 479,000 YouTube subscribers that multi-chain scaling answer Polygon (MATIC) has a lot going for it as “the premier side-chain for Ethereum.”
The dealer is particularly impressed with Polygon’s latest development.
“Of the129 million accounts which have used Polygon during the last eight months, solely 15% have addresses on Ethereum.
That means 85% of the brand new Polygon customers are Polygon natives.”
Davis additionally says that Polygon’s low charge construction is taking market share away from Ethereum within the non-fungible token (NFT) enviornment.
“If you’ve ever tried to purchase an NFT on Ethereum it may be a painful course of. If you’ve ever tried to declare an NFT drop on Ethereum it’s a very costly course of.
We’ve seen Polygon actually choosing up within the variety of NFTs offered. We can see from July, after we had 50,000 Polygon-based NFTs offered, to now the place we now have… 1.99 million NFTs offered within the month of December on Polygon on OpenSea.
That’s completely large, large development for the Polygon ecosystem.”
The dealer additionally notes that different blockchain-based initiatives are shifting over to the Polygon community.
“In the final 12 months, we’ve seen: Aave, which is among the greatest DeFi [decentralized finance] protocols, OpeaSea, the largest NFT market, [and] The Sandbox, which is among the greatest metaverses.
All these items coming over to Polygon as a result of it’s a nice consumer expertise.”
The crypto host wraps up his MATIC evaluation with a daring price prediction.
“I imagine that a $10 MATIC is inevitable. I feel it’s going to come. I feel it’s going to occur. It’ll be superb…
Looking on the community statistics, I’m seeing a community that’s taking off in a severe means. Users are piling in. Money’s piling in. Developers are piling in. Tokens are going to be burned.
$10 is coming. MATIC might be a top-10 coin by the top of the 12 months is my prediction.”
The 14th-largest digital asset by market cap went on an epic run in 2021, rising from $0.03 to an all-time excessive of $2.92 on December twenty sixth and ending the 12 months above $2.50.
Polygon is up 1.02% on the day, currently trading for $2.13.
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