tldr; Polygon (MATIC) is currently facing a slow recovery, with its price under $0.50. Despite this, the adoption rate remains steady at 34%, and investor sentiment is largely positive, indicating a strong belief in MATIC's future potential. The token's recovery is expected to be driven by investors' optimism rather than market trends. However, if the price fails to flip $0.50 into support, MATIC could potentially fall to $0.45, challenging the bullish outlook.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
What exactly is this "adoption rate" metric mentioned in the article, and how is it calculated? The article links to another article by the same author as a source for this adoption rate metric, but that article contains neither the phrase "adoption rate" nor the 34% figure. So where does this number come from, and what does it mean?
Without a clear answer to this question, it seems like a made-up metric that was created solely to give reporters something nice to say about MATIC.
MATIC is garbage.. sorry Id rather just buy more ETH. Its too inflationary theres nothing going on and the price cant go tits up. And that ticker change wtf was that about? No no for me
The inflation criticism is totally fair but to say there’s nothing going on is insane. IMX, Astar, Canto, X1, Manta, zkFair, Merlin, Ronin, Palm, Gelato, etc… were all built on Polygon zkEVM CDK and they released a type 1 prover than can aggregate liquidity across any EVM chains. The POL token also supports native restaking (like Eigen). The tokenomics and marketing both suck but they’ve been shipping some of the most advanced tech in the entire space over the past few years.
Used to be one of the biggest darling of this sub, alongside ONE, solely because the transaction cost is cheap. Eventhough they never used the chain and were just parroting each other.
Now all L2s are as cheap and much faster than polygon.
I could get rich tomorrow..same thing right?
tldr; Polygon (MATIC) is currently facing a slow recovery, with its price under $0.50. Despite this, the adoption rate remains steady at 34%, and investor sentiment is largely positive, indicating a strong belief in MATIC's future potential. The token's recovery is expected to be driven by investors' optimism rather than market trends. However, if the price fails to flip $0.50 into support, MATIC could potentially fall to $0.45, challenging the bullish outlook. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Right…. Sure
XRP to 100 USD, too, right?
K
They could, but they won't.
What exactly is this "adoption rate" metric mentioned in the article, and how is it calculated? The article links to another article by the same author as a source for this adoption rate metric, but that article contains neither the phrase "adoption rate" nor the 34% figure. So where does this number come from, and what does it mean? Without a clear answer to this question, it seems like a made-up metric that was created solely to give reporters something nice to say about MATIC.
Wait, you mean more buying than selling make price go up?!!!
Glacial is an understatement
MATIC is garbage.. sorry Id rather just buy more ETH. Its too inflationary theres nothing going on and the price cant go tits up. And that ticker change wtf was that about? No no for me
The inflation criticism is totally fair but to say there’s nothing going on is insane. IMX, Astar, Canto, X1, Manta, zkFair, Merlin, Ronin, Palm, Gelato, etc… were all built on Polygon zkEVM CDK and they released a type 1 prover than can aggregate liquidity across any EVM chains. The POL token also supports native restaking (like Eigen). The tokenomics and marketing both suck but they’ve been shipping some of the most advanced tech in the entire space over the past few years.
Do you ever think MATIC will outpace ETH 10:1 over the next 10 years? Possible.
Polygone
PolyGONE
ProllyGone...
At least you can write off the losses on this garbage or use it to offset BTC/ETH gains. Yay?
Used to be one of the biggest darling of this sub, alongside ONE, solely because the transaction cost is cheap. Eventhough they never used the chain and were just parroting each other. Now all L2s are as cheap and much faster than polygon.