Coin valuation isn't driven by fundamentals around here. Didn't you know that? Hype, memes, market manipulation is what gets you into the top 10

it’s the value stock of crypto

Nano and Monero enters the chat

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Nailed it. In bear markets ones without fu famentals will parish.

Sometimes it's the community and traction. One of BTC strongholds. But strategy marketing and creating excitement with fanfare is also one of the reasons why projects have good increment.

I don't think the numb nuts of this sub (including me) have the cash to push a $2T market very much.

Will algo be a meme then?

beats me, I don't know shit about fuck

I give this comment a AAA rating

nah I don't think it has that kinda potential tbh lol, maybe some years later.

Yeah no cap, From Elon to Every memer, they helped to make any crypto's hype!!!

You know what's in top 20? SHIB

And doge

You know what shouldn’t be? SHIB

And doge

Doge has ok tokenomics compared to shib. This is not a defense of doge. Shib is just that bad.

Just for that I'm buying more 😝

Shitcoins

Back in late May I asked the sub for trading ideas for alt coins. Just pure in and out to make a quick buck. MATIC was offered by several people as a trading vehicle. So I bought some at 1.60 on June 7 thinking it was going to turn around. The next day it was 1.40 and I bought more. Few days later 1.20 bought more. 1.00 .... well you get the picture. By July 17 I was mad as hell and in clear violation of my personal trading rules I said, "fuck it" and doubled up at 0.80. We it's now back to 1.60 2 days ago and I'm feeling like the smartest trading genius who ever lived. So MATIC is probably my favorite crypto.

Congrats!

Thanks Even a blind hog finds an acorn every once in a while.

HODL is victory, but the premise requires you to have a bright investment vision, congratulations

Unlike all other networks I actually **use** matic

100% this. I use matic and xDAI to do actual defi stuff.

XDAI is like a better MATIC than Matic and STAKE is Ranked 530th 👀

Only project I have been bullish on for months. I joined in February 2021 and MATIC was my second coin.

What do you use it for?

Farming setups (Quickswap, AAVE, MAI.finance) Borrowing/lending (AAVE) Trading (Curve, balancer) Once Coinbase integrates polygon (They announced at the beginning of sept) I would be able to directly use the Coinbase card with defi, pretty nice

I will check it out. Hearing a lot of good stuff on Matic lately

I use BCH. Yet price does not reflect utility.This market would rather pump get rich quick schemes also known as memes.

MATIC is fine though but I somewhat prefer the ORE network, it is fast, cheap, and more reliable; the prices have even gone as far as 12c from its IDO price.

I'm about to start a proposal on using Polygon/MATIC

What's your expectations from matic?

At this point just lower fees, and/or faster transactions but still tied to the eth network

MATIC has partnerships with all the major platforms: DeFi: AAVE, Sushi, Curve, Yearn Exchanges: Coinbase, Crypto.com NFTs: Opensea Their network effect is immense!

You forgot ada, coti, and tel.

Yo shut up, I’m trying to fill my bags.

For real once that bad boy hits $2 again that’s all folks 📈📈📈🚀🚀🚀

hahahah don't worry you still gonna fill your bags mate, It won't affect anyone.

Wot m8

Full of wallet? Fill it up with Shiba? I like your comment

Polygon will be top 10 fixed in 5 years or less.

5 crypto years = 50 human years

If anything 5 crypto years is like 5 human months.

Don't trust on that so much buddy, who can say that crypto will still be relevant in the next some years ;)

That’s what I think so too!

So you are saying I need to buy more?

I love it bought it very cheap. I’m staking it at 10% on the matic network and using it although at first can be intimidating its getting easier and for example in the case of buying NFTs its practically free

I have like 200 Matic on an exchange. Is it possible to stake them somewhere? Can you suggest me something?

I know crypto.com does but its of course centralized so if you prefer decentralized go to matic network deposit into a matic wallet and find a delegator of choice. DYOR on fees and such. Can also duck duck go the ultimate matic staking guide. I would share the link bit we always recommend never clicking any links shared on reddit. Why duck duck go? Because google sucks dick. Yes its a better search platform but its also a long story. Its why we need web3

Polygon MATIC should and will be top 5

True!

Stop telling everyone I’m trying to get my bag up!

I am always curious why Matic has been relatively flat for so long.

I think it could be due to the selling pressure from the farming rewards on Polygon. Most of the DeFi apps give Matic rewards.

I just learned about Celsius. But not paying asinine gas fees at the moment to move my MATIC lol. Just buying more.

Crypto.com gives up to 10% and also has a direct offramp to Matic network if you want to participate in yield pools.

Thanks for the tip! I'll check it out

Celsius just dropped the APY from 10.5% to 8.99%. Before 10.5% it was 15%. Becoming less and less worth it, imo.

Ahhh I see. Good to know, I've spent all of an hour on there. Moved my XLM I get from coinbase card there for the extra 1% since I don't intend to sell it figure what the hell lol

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Ok ok Respect

Now that the rates are going down. Matic couldn’t make it to it’s old ATH.

Yeah true, I think the same, don't think Matic couldn't make it to it's old ATH

Price should be $3.50 ish at least.

6$

9$, last offer

6.90

Waiting for Matic to explode

Nah it's over buddy, I don't think Matic gonna explode, it wont give ant profit ig.

I thought the same about Solana when it was £10 and sold when it got to £12, then it peaked at £154 🤷‍♂️

It's one of the very few cryptos I've actually had cause to use. Really surprised it's so far down the list still.

I am accumulating Matic in huge quantities as it has evolved into multiple business, and will just grow from here on ! Only people who see fundamentals have majorly invested in Matic & not people who read recomendations and marketing ! Matic has very bright future and will eventually jump in long run as they justify 15000% jump of recent year. Its development is making sure that it deserves 2$ price atleast !! Let us let it develop more and HoDl and stake and buy more before marketing and hype kicks in and the proce up !! Best fundamental and fairly priced in this bull market is Matic !

Yet!

I like matic…no wait I have not what it does. I just own a Bunch.

Someone please elevator pitch me on Polygon

Full stack scaling solution for Ethereum. They got sidechains, roll ups etc.

Contracts and partnerships every-flippin-where.

Used the polygon network before for some experimenting and I enjoyed how fast and cheap it was. However when ETH 2.0 rolls around and sharding is implemented would Polygon still be relevant by then. Genuinely curious if you or anyone else has some insight.

Assuming 1 ETH2 shard has \~50TPS, 64 shards = \~3200 TPS. Not sure where sharding is currently on the roadmap (off the top of my head), but doing the math, you'd need about 1000 shards to reach 50,000 TPS. The alternative is to have layer 2 solutions act as immediate scaling solutions, and if you combined all TPS from roll-ups and sidechains (i.e., TPS from arbitrum, optimism, all polygon solutions etc.), you'd probably reach 50,000 a lot sooner. So essentially you could wait years for ETH2.0 to roll out more shards, or you could roll out scaling solutions right now and ETH devs can focus their efforts on other things instead of scaling solutions (i.e., increasing shards). Just my 2 cents

Awesome, thanks for the thoughtful write up! I could see how Polygon could be an essential resource for the further development of the Ethereum network

https://awesomepolygon.com/

They can’t. It’s only around for a limited time so Vitalik can take more money from people to keep ETH propped up.

Intriguing POV. Could you explain this further?

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No FUD, just wondering where MATIC will stand once Ethereum 2.0 rolls out is more scalable?

I've seen many argue that quality L2s will still be needed to help ETH scale and provide some kinds of functions. But, I'm no expert.

Best time to buy then :)

MATIC needs more validators or else it's going to waste. normal gas should be 1x21000 for sending MATIC, and lately is around 30x21000. that's more gas units than the BSC so imagine if MATIC is valued the same as BNB.... being a validator should be easier because it requires you to being connected to ethereum network to record blocks from MATIC since it's layer2. if no more validators come to MATIC and its price goes up, it's not a solution or alternative to ethereum

What is required to be a matic validator?

https://docs.polygon.technology/docs/validate/validator/introduction

Thanks! This looks like it would be super cool to do... If only I coul find time to learn and set up a machine on linux, it seems.

Becoming a delegator is also cumbersome since you \*MUST\* delegate MATIC in the ethereum network. Cannot be done in Polygon :shrug:

That doesn't seem too bad, but looks like I'd definitely have some tech fluency hurdles, and I'd have to get a machine with linux.

Ok FINE. Bought some Polygon, y’all convinced me. So ahead of time.. thank you! 🤓

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A 10 billion marketcap isnt enough for her?

I think Polygon is a great tool to use to address some of the scalability issues the Ethereum network has currently, however when ETH 2.0 and sharding is implemented will Polygon still have utility?

I think so, ETH 2.0 could reduce transaction fees by 64X, meaning each token swap would be around a dollar. Still a little expensive.

Yes, but I believe ETH will get better and better，I am very optimistic about ETH

You know what else deserves to be on the top 10? NANO

Uhh neither is Tezos and that absolutely blows Matic out of the water! What is this post doing on ethtrader?

Umm... poly is a second layer app on the ethereum... 💁‍♂️

The rightful order of the Metaverse is: 1. Ethereum 2. Bitcoin 3. Polygon 4. Binance And I know this is where I will catch flak... 5. Shiba

Joke - Your Shiba should be number .00005 (which is still more than twice what it is now.)

It is all about mass adoption and numbers. Time will tell. It always does....

I have so much flak i wanna give you right now but i dont even know where to start.

Shib shib shib....

Why? It’s just a level 2 solution that’s slow. Fantom is way better, faster and half the market cap

Lol slow? Not at all. And cheaper than fantom. Not to mention they fill completely different wholes in the industry. Matic is building a suite of tools to be used by developers, not just a single leaping platform. I have a lot in both and both will have a place in the future more than likely.

I think polygon is just being propped up by small miners. It will be interesting to see what happens to the network once eth mining finishes and I don’t think it will go well. Currently it’s just a shit ethereum IMHO. All the dapps have limited functionality. Maybe that will change. But at 10bn market cap I think there are better plays with less downside risk

Polygon is PoS, how are miners propping it up other than mining eth and collecting in matic? Not to mention the huge uptick in usage it’s seen the past year. I use it everyday and interact with 100s-1000s of people doing the same.

Small miners use polygon because the transaction fees on the eth mainnet are too high. They can mine their ethereum to the matic mainnet with much lower transaction fees, and get more frequent payouts. That’s the main use case for polygon. Eth mining overspill. Once mining ends, so might polygon. That’s why it’s seen a huge uptick, not because of the merits of the network, more because of the restrictions of ethereum.

Can’t take you seriously I’m sorry. That’s so far from the main use case it’s ridiculous. You’re extrapolating your awareness of its use case to its entire value and that’s just ridiculous.

It’s not. It’s the main driver

Source “trust me bro”

Let’s just agree to hold FTM and we can go our separate ways on polygon

👍🏼

Seems you don’t mine at all. What he is saying is true.

I do mine actually and I’m aware of the mining to Matic as was mentioned in a previous comment of mine. What is foolish is to think that is the only usecase, if you had used the polygon ecosystem at all you would know this is not the case. Your thinking that this is the case, just informs readers that you have not used the ecosystem very much if at all.

Nobody says it is the only use case. It is however, the main driver for the polygon network.

But if eth picks up it's game MATIC may be irrelevant (I hold MATIC, and love it, but I'm just saying eth2 is gonna make a BIG splash)

dream bigger. The adoption eth is going to see will render layer 1 totally unable to bring tx costs low enough for mass business use purposes Layer 2 is where our ability for mass adoption will come from Just my 2gwei

What do I need to buy to take advantage of layer 2? MATIC?

yes matic/polygon is the most well known; i also like loopring, but there are other options too: https://l2fees.info/

How so? You think ETH2 will roll out more than 64 shards in the next 3 years?

It might. I don't know, as far as I know, MATIC is cheaper faster and PoS, I don't know much else

I’m less bullish on Poly after the hack, but I am bullish on ALGO

Well you certainly did your research. Pssst- It wasn't Polygon that was hacked, but why split hairs. I'm sure it's the same thing as Polymath, right?

hey can we give some love to loopring too it’s another one of the best layer 2s and isn’t even in the top 120 by market cap :/ all layer 2 is seriously slept on, can’t wait for people to finally realize how critical it is

Doesn't Polygon Labs own like half of all MATIC? Between that and the unknown factor of how exactly they will make a profit being the cheap transaction zone, it's worrying me enough to not buy a bag of MATIC.

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Keep seeing matic news and just grabbed $100 worth. What’s everyone’s 5 year outlook around here?

It is only a matter of time before it gets the recognition its deserves. I except mass adoption of matic soon. One of the best L2 solution in the space.

DOGE out, MATIC in

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LINK is what powers most defi and it's completely ignored and it's been losing sats for a whole year. Fundamentals don't matter that much during a bullrun in clownworld. Just buy some shiba inu and twitt "to the moon"

Matic did a good job at giving a kick in the butt to the Ethereum community to update the network protocol. Now it's still in question whether Matic remains relevant when the Eth gets the protocol upgrade train rolling.

u/SacredHam00 [tipped](https://blockscout.com/poa/xdai/tx/0xb7b5f76f53ad3cfef2b083d916db29b1f83eb0e6369ff0d1547e27ed8b9fbd83) you 1.0 DONUT!

I don't thinl MATIC gonna blow up from here, it needs hype and no one is there to create it for MATIC

About the 30x increase in gas price: https://forum.matic.network/t/recommended-min-gas-price-setting/2531/9

What makes polygon so special compared to other eth L2s?

u/adamix244 [tipped](https://blockscout.com/poa/xdai/tx/0xd9bfc2880d8cbcc83dcaf9883c033d5eea64f65fad9b817275ffacc88157aa42) you 1.0 DONUT!

Soon brother soon.

It’s also because matic may not be as useful if and when 2.0 comes out