MATIC

sgtslaughterTV

This is the best way. And please do not make any offensive remarks to the scammers. Do not try to "bait" them by saying "Yo I just sent 50 bucks of ETH / MATIC / TRX" because this could make crypto newbies think "Oh I should try this some time."

c05d

agree. And I put it in btc. MATIC made me a maxi

zehmalehma

MATIC been performing so weak

Every_Hunt_160

The r/cc most favourite altcoins are having a really rough time this year MATIC at sub 50 cents ATOM dropping out of top 50 And of course the all-time favourite Algo, still 97-98% down from ATHs I have all of these in my bag thanks to you guys. A pleasure losing money together!

nichijouuuu

Is Coinbase just braindead, or is it me? The intraday Hourly and 1D tracker never makes any fucking sense. It’s constantly saying my MATIC, Ethereum, Solana, etc. are up or down 5%. I can never seem to track if it’s rising or falling effectively because of the inaccuracies it seems to have in the reporting “since last 24 hours”.

UrNs0

What network is your USDT on? If it's on ETH you need a small amount of ETH to send it. What ever network it's on you need some of the token in order to send. Same if it was polygon you would need MATIC or Solana if it's on SOL network.

jwz9904

add LRC, MATIC?

vinsanity_07

I sold off my MATIC, DOT and others , put it into bonk and turbo and no fucking complaints at alllllll

coinfeeds-bot

tldr; Polygon has experienced a significant increase in Real World Asset (RWA) interest, making it second only to Ethereum in this domain. The network's native token, MATIC, has also seen an uptrend in value. Polygon's Founder, Sandeep Nailwal, highlighted the multiple RWA launches on the platform and its recent collaboration with top Italian banks for a digital bond issuance. Despite a recent dip, MATIC's price surged, reflecting the growing interest and development in Polygon's RWA ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

GreedVault

MATIC isn't moving much.

alesia123456

So many “safe bet Alts” like ADA,DOT,MATIC,XRP,AVAX and others creating new lows vs BTC

Every_Hunt_160

That's when inverse r/cc takes effect and you start to cash out. I remember the precise days of the ATHs of alts like Cardano, Shib and MATIC for that exact reason. In those cases mentions of those coins were overwhelming and also at an ATH on the daily, and you see people getting insane hopium. Many people were saying Cardano and Matic were going to $10 and Shib was going to kill another zero - I doubt many took any profits that day.

Every_Hunt_160

93% MATIC holders were in losses recently That number about to go to 99% real quick..

Every_Hunt_160

Maybe that's why MATIC price went to shit recently?

ccModBot

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Inkamt

I remember shorting MATIC back in mid 2022, since it was the few going up when everything else was crashing. COMP and AAVE also in the same category, but SOL is a better bet at the moment.

0x456

How does one invest in Polymarket itself? I mean, look at their TVL. They don't have neither stocks nor tokens of their own. Maybe invest in related tech such as Polygon MATIC (POL)? Any other ideas?

biba8163

most people would be better just not investing in crypto > I've been sitting -80% literally. But this next bull run will be different https://np.reddit.com/r/CryptoCurrency/comments/16h7jog/daily_crypto_discussion_september_13_2023_gmt0/k0ffolq/ > MATIC please hit $10 this bull run you have the highest potential ! https://np.reddit.com/r/CryptoCurrency/comments/12lc6jb/daily_general_discussion_april_14_2023_gmt0/jg7smbm/?context=3

DrinkMoreCodeMore

I mean it makes no sense for Polygon to have MATIC as a ticker instead of POL imo Polygon was originally named MATIC then they rebranded to Polygon which makes POL more fitting. So i think this is just the 2nd rebranding?

CointestMod

#Polygon Con-Arguments Below is a Polygon con-argument written by Chysce. > \>> **Polygon is not at all decentralized** > > Polygon currently has [fewer than 100 validators](https://crosstower.com/resources/education/nakamoto-coefficient/) which results in a Nakamoto Coefficient [Nakamoto Coefficient](https://nakaflow.io/) of just 4. This means that just four validators have enough control to shut down the blockchain or produce false blocks. > > In addition to that whales currently hold \~86% of the entire [supply](https://app.intotheblock.com/coin/MATIC). For comparison ETH whales control 40% of the [supply](https://app.intotheblock.com/coin/ETH) > > \>> **Rising competition** > > Polygon's main competitors are Arbitrum and Optimism, both of which have recently launched their tokens and are keen to establish themselves in the market. Despite being in their early stages of development, both Arbitrum and Optimism have already caught up with Polygon. > > In terms of Total Value Locked: > > * [Arbitrum 2130m](https://defillama.com/chain/Arbitrum) > * [Polygon 1040m](https://defillama.com/chain/Polygon) > * [Optimism 939m](https://defillama.com/chain/Optimism) > > Its main competitor, Arbitrum is both faster and cheaper than Polygon. Detailed comparison of Polygon Arbitrum and Optimism can be found [here](https://pixelplex.io/blog/polygon-vs-arbitrum-vs-optimism-comparison/). > > Additionally since Polygon is **heavily relying on ETH**, if ETH ever accomplishes scaling it will render any L2, including MATIC, obsolete. > > \>> **Eccentric founder** > > Polygon's founder Sandeep is known for his eccentric views on Twitter oftentimes childishly belittling competitors instead of spreading positivity. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

CointestMod

#Polygon Pro-Arguments Below is a Polygon pro-argument written by a deleted user. > ####**High Efficiency** > > **Very Fast network** > > The main benefit of using the Polygon PoS network is that it's an Ethereum scaling solution that provides much faster and cheaper transactions. > > * **High Throughput**: Current throughput is 350 TPS for 21k gas transfers and ~150 for ERC-20 tokens. It can go faster as a [7200 TPS test with 122 validators has shown](https://cryptoslate.com/matic-testnet-just-powered-ethereum-eth-to-7200-tps-dapps-next/), but Polygon decided to keep the limit at 30M gas per block to combat spam and storage bloat. > * **Fast Block Times**: It has very-fast [2-second average block times](https://polygonscan.com/chart/blocktime). Though due to its finality being probabilistic and high chance of reorgs, you would want to wait ~32 blocks or 1 minute before assuming finality. > > **Lower Fees than L2** > > * Fees are extremely cheap, so much that [validators have been colluding to set the priority fee at 30 Gwei](https://cryptoslate.com/polygon-matic-to-raise-gas-fee-to-30-gwei-to-prevent-spam-transactions/) to combat spam ever since [Polygon co-founder Sandeep's recommendation for it in Oct 2021](https://forum.polygon.technology/t/recommended-min-gas-price-setting/7604). > * Even with the artificially-inflated fees, Polygon transfer fees still only cost $0.001 while competing L2 rollup transfer fees are usually 10x to 100x more expensive in the [$0.02 to $0.20 range](https://l2fees.info/). > * A lot of games like Decentraland and The Sandbox moved to Polygon because they are able to airdrop NFTs to thousands of players at negligible costs. > > ####**Benefits from a synergistic relationship with Ethereum** > > There is a lot of overlap between the Ethereum and Polygon communities, and they both benefit from it. > > While Polygon is technically a sidechain, it helps offload a lot of traffic off Ethereum L1 and thus helps scale it. Thus, it's filling in the same role as an L2. > > * Polygon copies a lot of Ethereum's code and updates. For example, Polygon's London update for EIP-1559 is copied from Ethereum's London update. > * Nearly any wallet that works for Ethereum also works for Polygon. > * Polygon and Ethereum both use EVM for smart contracts, so it's easy for Ethereum's large number of devs to work on Polygon. Their blockchain explorers are also almost identical, so it's easy to audit transactions between them. > * Polygon's Bor block producer layer runs a version of Geth (the Go implementation of Ethereum), so they share similar consensus clients. > * Polygon generates hundreds of thousands of dollars of transactions fees for Ethereum through [MATIC Token transfers](https://etherscan.io/token/0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0), [PoS Bridge transfers](https://etherscan.io/address/0xa0c68c638235ee32657e8f720a23cec1bfc77c77), and their [Root Chain Proxy](https://etherscan.io/address/0x86e4dc95c7fbdbf52e33d563bbdb00823894c287) checkpoints every 30-45 minutes. > * Ethereum provides security for Polygon PoS through [their checkpoints](https://wiki.polygon.technology/docs/pos/heimdall/checkpoint/), which are necessary as Polygon bridge proofs. MATIC tokens are also [staked on the Ethereum network](https://wiki.polygon.technology/docs/faq/staking-faq/). > > ####**High TVL and app support** > > * **Top 10**: Polygon's TVL has declined greatly in the bear market [to $1.2B](https://defillama.com/chains), but it's still enough to hang onto its Top 10 spot. Its market cap is also still in the [top 10 at $10B](https://www.coingecko.com/en/coins/polygon). > * **Many dApps** like OpenSea, AAVE, Curve, and Uniswap support Polygon. **Reddit's Collectible Avatars** launched on Polygon PoS, which gave it a lot of social media publicity. > * **CEX support**: Most of the largest CEXs like Binance, Coinbase, and Kraken now support the Polygon network for withdrawals. > * **Metaverse**: The 2 largest metaverse games, Decentraland and The Sandbox uses Polygon for their player item NFTs. > > ####**Upcoming Polygon zkEVM** > > The whole Ethereum community is very excited for zkEVMs. > > Polygon was the first to launch a [public zkEVM testnet](https://polygon.technology/blog/polygon-zkevm-public-testnet-the-next-chapter-for-ethereum) in Oct 2022. They already have a [mainnet launch date of March 27, 2023](https://polygon.technology/blog/to-ethereum-with-love-announcing-polygon-zkevm-mainnet-beta-on-march-27th), and everyone is looking forward to it. > > #####**Nakamoto Coefficient is increasing** > > Polygon has a [limit of 100 validators](https://wiki.polygon.technology/docs/maintain/validate/validator-responsibilities/). While this is still quite low, it actually has a bigger Nakamoto Coefficient than both Bitcoin and Ethereum. The more important thing is that it's increasing. Only several months ago, it only took 5 validators to reach 50% stake of the network. Now it has increased to [7 staking validators](https://polygonscan.com/stat/miner?range=14&blocktype=blocks) of MATIC. You can track the identities of the validators, and they all seem to be distinct organizations. > > This is partially thanks to how its [staking website](https://staking.polygon.technology/validators) encourages delegates to stake with smaller validators. Validators with large stakes are hidden on the website while only the smaller ones are shown. There is also a message at the top saying: "To distribute power on the network, please delegate to other top performing validators." > > ####**Great user experience** > > I personally complain a lot about Polygon's centralization and lack of transparency. But I still use Polygon PoS more than any other network. > > Ultimately what matters to me is that it is fast, cheap, has a huge amount of dApps, has good CEX adoption, and has a great blockchain explorer. And those combined lead to a great user experience. > > For new users who don't have MATIC gas tokens, there is a [Polygon Wallet Suite](https://wallet.polygon.technology/polygon/gas-swap) where you can use meta transactions to convert bridged ETH to MATIC without first needing MATIC. > > ####**Long-term Economic Sustainability** > > - The MATIC token is used for staking, and those rewards come from both a token pool and from transaction fee. The [1.2B token pool allocated to Validator Rewards is expected to run out in 2023](https://docs.polygon.technology/docs/maintain/validator/rewards/), after which there will be no more supply inflation. Fifth year validator rewards from the 12% pre-allocated supply will total $150M. After the 5th year, validators are meant to survive on transaction fees alone. > - Currently, [transaction Fees generate $70M annually, with $40M of it burned](https://tokenterminal.com/terminal/projects/polygon). This equates to $300K per validator annually. That's more than enough to run a validator annually. So besides Ethereum, this is one of the few networks with an economically-sustainable security model without inflation. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

Regular-grunt-03

MATIC trades are fun and easy. Great coin to print some USDT. I wouldnt HODL MATIC though.

InclineDumbbellPress

You dont have to do anything for now I think. Im pretty sure its automated and if not I guess you will be able to migrate from MATIC to POL. There are currently no deadlines for MATIC holders on Ethereum and Polygon zkEVM to upgrade to POL but their community will setup a deadline soon

Odd-Radio-8500

I hope this will be a blessing in disguise for MATIC. It needs a magical recovery in price.

DoingItForEli

Kraken has me feeling uneasy about the FET transition, but hopefully this MATIC to POL transition will be handled without me having to do anything with it.

coinfeeds-bot

tldr; Polygon is set to upgrade its native MATIC token to POL on September 4. This upgrade will see POL replacing MATIC as the native gas and staking token on the Polygon proof-of-stake chain. MATIC holders on the Polygon PoS chain and in staking contracts on Ethereum will have their tokens automatically converted to POL. Detailed steps for conversion are provided for MATIC holders on Polygon’s zkEVM rollup, centralized exchanges, or the Ethereum blockchain. The POL token aims to enhance security and unify liquidity across the Polygon network, with future roles in block generation, zero-knowledge proof generation, and participation in Data Availability Committees. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

DBRiMatt

I stake my Ether in multiple locations, across multiple wallets, to mitigate any risk. I also do not stake ALL of my ETH either. I have a portion on Coinbase, Etherfi, Everstake and Blast Network. I stake MATIC via my Exodus Wallet I stake CELR via their native protocol

DBRiMatt

Ah yes, MATIC. The one alt I didn't rebalance. Still staking mine away - waiting for the day it returns above $1 8)

Gzdu

Hopefully I’ll get rid of my MATIC bag this bull run

snek_oil_

MATIC is the gift that keeps on giving me a headache.

CointestMod

#Polygon Con-Arguments Below is a Polygon con-argument written by excalilbug. > Polygon is a side chain of Ethereum, a layer 2 solution. Solution to a high fees problem. But does it really solve it and is it really needed? > > ​ > > * **Congestion and vulnerabilities** > > When Polygon started to grow rapidly in 2021, it [experienced a network congestion](https://crystlfinance.medium.com/polygon-network-congestion-causes-and-solutions-71117b7711cc). Transaction fees skyrocketed and became very slow (they took several hours or even days to complete) > > But high demand isn't the only reason why Polygon might get congested. To achieve low transaction fees something has to be sacrificed. And this something is security. E.g. DDoS attacks are much more effective against Polygon than against ETH. Even unintentional DDoS attacks like was in the case of a game called Sunflwoer Farmers. Since the game used blockchain transactions for in-game actions, it completely congested the network > > But DDoS attacks and congestion problems are Mickey-Mouse-stuff compared to hacker attacks. Polygon was victim to probably the most famous attack in crupto. In August 2021 a hacker stole over 600 million worth of assets due to a [vulnerability between contract calls](https://twitter.com/PolyNetwork2/status/1425130017546149891) > > ​ > > * **It is not independent and it's centralized** > > As a layer 2 solution Polygon depends on Ethereum. So if ETH does something bad, Polygon will be hurt, too. But even if ETH does something good, polygon might suffer. How is it possible you ask? Well, one of the next steps on Ethereum's roadmaps is working on scalability and lowering gas fees. If one day ETH manages to lower fees while maintaining its security, polygon won't be needed anymore > > Polygon is also in competition with other layer 2 solutions. And it's probably losing it. While Optimism's and Arbitrum's total value locked keeps going up, Polygon's TVL went down > > The fact that concentration of large holders of the coin is [85%](https://app.intotheblock.com/coin/MATIC) also doesn't help (for comparison, it's 11% for [bitcoin](https://app.intotheblock.com/coin/BTC) and 39% for [ethereum](https://app.intotheblock.com/coin/ETH)) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

ParagonSaint

Didn’t they inflate the token by 20% or substantially change the tokenomics when they did the rebrand from MATIC to Polygon?

InclineDumbbellPress

MATIC is a stablecoin at this point

coinfeeds-bot

tldr; The future of MATIC, a cryptocurrency tied to the Polygon blockchain, is closely linked to Polygon's market value and network growth. Recent data shows significant milestones for Polygon, including a surge in daily active addresses to 500,000, marking a substantial increase in user engagement. MATIC has outperformed competitors like Bitcoin in terms of new user addresses, with a 50% increase over Bitcoin's user acquisition last year. Despite a bearish performance in previous months, MATIC has seen a bullish trend this week, with a 0.46% increase and over 5% weekly gains. The positive market fundamentals and increased user base highlight a growing demand for MATIC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Distinct-Thanks-6477

Honestly, I’ve come to understand that the memecoin strategy works for some folks but not for many of us. I prefer the traditional way: investing in quality, well-researched projects. I have a bunch of them that have seen gains over the years. I bought MATIC and CHZ very early in the previous bull run. I’m looking forward to seeing SightAI repeat the trick for me this bull run. It's a very nice AI + FHE package.

noviwu97

If they're heavy in alts like MATIC, they will get more in USD refund because most alts are currently even lower than during FTX crash

LinsaFTW

Hey guys! I do not have enough score to make a post. I wanted to ask about decentralized investments. I am currently looking at pools in pancakeswap and uniswap, renting energy on tron, DOT staking, and staking with services like Lista Staked BNB and Lido Staked MATIC alongside WBETH. What do you guys think are the best methods to invest in a decentralized way?

thapussypatrol

Safe/pay-off very predictable: BTC, ETH, SOL Riskier/might will take longer to reach potential: MATIC, ICP

TradingLeagueshq

I agree, Polygon (MATIC) seems promising

Every_Hunt_160

Add another one to the list Algo, MATIC has been recent favourites that have been dumped to the ground

biba8163

> "Bitcoin, it just seems like a scam," Mr Trump said. "I don't like it because it's another currency competing against the dollar." - June 2021 For every credibility gap, there is a gullibility gap > 75% VET 25% MATIC. 2024 MILLIONAIRE !!! https://np.reddit.com/r/Vechain/comments/18qi8mn/vechain_daily_discussion_december_25_2023/kewwt3e/

Twibble

Please, is it very difficult to trace things forward and to find the ultimate destination wallet of my stolen BTC, ETH and MATIC? Thanks.

CointestMod

#Polygon Con-Arguments Below is a Polygon con-argument written by excalilbug. > Polygon is a side chain of Ethereum, a layer 2 solution. Solution to a high fees problem. But does it really solve it and is it really needed? > > ​ > > * **Congestion and vulnerabilities** > > When Polygon started to grow rapidly in 2021, it [experienced a network congestion](https://crystlfinance.medium.com/polygon-network-congestion-causes-and-solutions-71117b7711cc). Transaction fees skyrocketed and became very slow (they took several hours or even days to complete) > > But high demand isn't the only reason why Polygon might get congested. To achieve low transaction fees something has to be sacrificed. And this something is security. E.g. DDoS attacks are much more effective against Polygon than against ETH. Even unintentional DDoS attacks like was in the case of a game called Sunflwoer Farmers. Since the game used blockchain transactions for in-game actions, it completely congested the network > > But DDoS attacks and congestion problems are Mickey-Mouse-stuff compared to hacker attacks. Polygon was victim to probably the most famous attack in crupto. In August 2021 a hacker stole over 600 million worth of assets due to a [vulnerability between contract calls](https://twitter.com/PolyNetwork2/status/1425130017546149891) > > ​ > > * **It is not independent and it's centralized** > > As a layer 2 solution Polygon depends on Ethereum. So if ETH does something bad, Polygon will be hurt, too. But even if ETH does something good, polygon might suffer. How is it possible you ask? Well, one of the next steps on Ethereum's roadmaps is working on scalability and lowering gas fees. If one day ETH manages to lower fees while maintaining its security, polygon won't be needed anymore > > Polygon is also in competition with other layer 2 solutions. And it's probably losing it. While Optimism's and Arbitrum's total value locked keeps going up, Polygon's TVL went down > > The fact that concentration of large holders of the coin is [85%](https://app.intotheblock.com/coin/MATIC) also doesn't help (for comparison, it's 11% for [bitcoin](https://app.intotheblock.com/coin/BTC) and 39% for [ethereum](https://app.intotheblock.com/coin/ETH)) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

CointestMod

#Polygon Pro-Arguments Below is a Polygon pro-argument written by Shippior. > [Polygon](https://polygon.technology/)(Ticker: [MATIC](https://www.coingecko.com/en/coins/polygon)) is an Ethereum Virtual Machine ([EVM](https://ethereum.org/en/developers/docs/evm/)). It is a sidechain from Ethereum for the solving the scaling problem that Ethereum has by offering faster and more cheap transactions by offering transaction to settle on the Polygon chain and to be later settled on the Ethereum chain. It was created in 2017 by an Indian based team as the Matic network and was later rebranded to Polygon. > > Polygon has a maximum supply of 10 billion tokens. The [total breakdown](https://www.coinbase.com/institutional/research-insights/research/tokenomics-review/polygon-matic-scaling-solutions#:~:text=Polygon's%20token%20MATIC%20is%20primarily,validator%20nodes%20to%20earn%20rewards.) of this supply is 19% Initial exchange offering, 16% to the team, 4% to advisors, 12% to staking rewards, 21.86% to the foundation and 23.33% for future investments in the ecosystem. This shows that there is a lot of funds available for development of the blockchain. This is also seen in the number of developers that chose to work on Polygon. The number of developers working on Polygon has grown to over 1100, which is 16x more than in [2018](https://twitter.com/theweb3sharma/status/1615592481047080961). > > Contrary to other blockchains, polygon is not just one blockchain but a number of blockchains under one hood, each of them focused on a different application. This allows Polygon to compete on several (almost all markets at the same time). It has prominent applications for DeFi, NFTs and [web3 gaming](https://techcrunch.com/2023/03/20/polygon-and-immutable-partner-to-help-onboard-more-gamers-and-developers-into-web3/). For instance it is at the moment a [very populair chain for NFTs] > (https://ambcrypto.com/polygons-nft-space-is-booming-as-trade-count-surges-thanks-to/) and many projects from other chains want to migrate to Polygon. At the moment it has roughly the same volume as [Solana, but both are still dwarfed by the NFT volume of ETH.]( > https://dune.com/rchen8/opensea) > > The most well-known DEXs on the Polygon chain are [Uniswap](https://app.uniswap.org/#/swap), [Quickswap](https://quickswap.exchange/#/) and [1Inch](https://app.1inch.io/#/137/simple/swap/MATIC/DAI). These are all very high profile DEXs. Because Polygon is based on Solidity, just like Ethereum, it is easy to implement it on a DEX that was originally built for Ethereum. This also helps the Polygon chain in general as contract or updates that are developped for Ethereum can be implemented with very little effort. Even if that was a problem, Polygon has currently the fastest growing [number of developers](https://dailyhodl.com/2023/01/19/polygon-cosmos-and-two-ethereum-rivals-have-surged-over-400-in-one-metric-says-crypto-firm/#:~:text=According%20to%20the%20report%2C%20Polygon,2%2C000%20and%20Solana%20about%202%2C250.). > > > Polygon has impressed several multinationals to host their web3 introductions. Starbucks has hosted their rewards program called [Starbucks Odyssey program](https://odyssey.starbucks.com/) on the chain. Reddit has chosen Polygon chain to host their [Avatar NFTs](https://decrypt.co/112783/reddit-nfts-surge-as-polygon-based-avatars-reach-millions-of-new-users) which has seen a large influx of new wallets for MATIC. > > Due to all the hype for MATIC it continues to grow. More than [11 million active wallets](https://polygon.technology/blog/polygon-insights-for-2022) were present in Q4 2022, an increase of 115% compared to Q4 2021. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

vinsanity_07

QNT MATIC, FTM, BTC, Turbo, Maneki,CRO

C01n_sh1LL

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.

Abject-Government-13

Do you ever think MATIC will outpace ETH 10:1 over the next 10 years? Possible.

InclineDumbbellPress

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

coinfeeds-bot

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.

TabletopThirteen

So your big use case for bitcoin over alts is that is has a pegged price (it doesn't. It's very volatile). And that it's the best for P2P transactions. Which again it's not. Almost every other crypto is cheaper.and faster and better for P2P transactions. Solana, MATIC, BASE, Algo, Stellar, and Hedera are just a few examples Actually the funny thing is that the biggest chain that probably has the least volatile price with fast transactions is Tron Every response I get is just more proof alt coins are needed hahaha

kirtash93

ARB, MATIC, LINK and OP looks really promising for me.

seb7mad

MATIC higher than SHIB/PEPE is insane. They should be at least in the same tier

Django_McFly

I just bought something with crypto and like always... it doesn't make any sense to me that people take crypto as payment but don't take stablecoins. I paid in MATIC, because it was the cheapest network they supported, and sent it to https://polygonscan.com/address/0x4f17b41b8461d52230fec0b91553a05594f34cc2 They have ~$6.5k of MATIC in that wallet. The oldest transaction is 72 days old. There are no outbound transfers. MATIC is down 35% in the last 30 days. Like I get supporting crypto payments and crypto in general and I think there are positives... but this is not the way. Sell $10k of product, get $6.5k of revenue (35% drop). Risk your revenue on the whims of market traders as opposed to just $10k sales = $10k sales. Seems crazy to me. I feel like even a purist would have to concede that stablecoins makes sense for this. Only way volatile crypto makes sense as payment imo is if you actually want to "DCA" crypto onto your balance sheet and you know crypto sales will be a nice small % of sales so you figure *why not*.

rsicher1

My god MATIC

throwaway92715

MATIC really seems dead to me but maybe it'll turn around lol

empswartz

BTC, DOGE, DOT, MATIC 

InclineDumbbellPress

Look at MATIC and ARB..... Its awful

BoAndJack

Didn't MATIC mint a massive amount of tokens out of the blue? That fucks price action pretty quickly for the holders

DBRiMatt

My small consolation prize is staking MATIC for a couple of years - earning about 1.5 a day... hopefully it does return to atleast $1.00 by the end of the year!

Curious_racoon101

Ugh don’t even remind me of MATIC, got rid of that earlier this year.

bizaroo933

I just moved every money I’ve had left into BONK, WIF and PEPE. Smart move I am sure of it. These memes are 100x better then stupid coins like ADA and MATIC.

kirtash93

DCA into BTC, ETH, ^(ada), MATIC, DOT, ARB, ATM and OP.

nichijouuuu

Loaded massive bags of Polygon MATIC. Thank you 💵💵💵

IAmSomewhatDamaged

BTC, ETH, MATIC, ADA, SOL, LINK, ATOM (big fan of staking it), and JASMY on this dip so far. Holding on to more cash and waiting to see if we drop anymore. JASMY is one of the few newer Altcoins I’m gambling on this cycle a bit.

jasper-zanjani

you put ADA and MATIC above SOL? that's a violation

SenseiRaheem

Alta: MATIC and BitCone for me

SgtSilock

Not with many coins. ICP, SOL, SNX, MATIC. All and many more doomed. Stick to BTC and ETH. (But mainly BTC)

olduvai_man

It's why so many here still shill coins from the last cycle. ADA/ALGO/MATIC/etc are never going to touch their previous highs and they will stay bagholders until they finally capitulate. It makes way more sense to start clean each bear market, accumulate new cycle coins with good tokenomics, and then sell it all at some point in the bull market.

IAmSomewhatDamaged

I should’ve sold off several of my Alts when BTC was above $70k… that’s my only regret. I was well into the green with stuff like MATIC, LINK, ADA, etc at that point in time. Should’ve just taken all of those profits and then waited until a time like now to start pumping said profits into more BTC. The altcoin market is what worries me the most. Thankfully, I have a GREAT position (like $22k average) with Bitcoin… and Bitcoin is the most important to me.

MinimumFinancial6143

The solid top caps projects that are currently on discount now are the good ones to invest in. The likes of ATOM, SOL, NEAR, ETH and MATIC. There is also a top gem in the making with an ASI token, which is a combination of FET, OCEAN and AGIX. The first phase is already live this week and the next phase is scheduled for July 15. A good one to buy in my book.

ExplanationSweet6907

Try Cryptopolium Game. For now you can earm MATIC by testing the beta version.

apstl88

If Solana and Cardano are "newer" coins how do you call projects like AIOZ, MATIC, RNDR? Not to mention some projects that are yet to launch like Rivalz Network or Sight AI. Those are all good investment opportunities, imo. AI narrative is huge and hot, DePIN as well. There are many things to look at right now.

emailemile

If you only count the 3 character ones (such as BTC, ETH, XMR, XRP and so on) and only use the characters in the English alphabet that's 26^3, or 17, 576 combinations. I don't think that's going to be exhausted very soonest, especially since we also have tickers with 4+ characters (such as SHIB, MATIC, AVAX and so on)

justjoner

well- if we assume crypto symbols are 3-4 characters long for simplicity and using only the english alphabet: For 3-character symbols: 26^3 = 17,576 For 4-character symbols: 26^4 = 456,976 Total combinations: 17,576 + 456,976 = 474,552 474,552 possible combinations is quite alot and thats not even including digits or 5-character symbols like MATIC lol

Maxx3141

If you mean tickers, there is no standard that forces a ticker to be 3 or 4 characters. Just think of MATIC. And there is also no nothing preventing two currencies from using the same ticker.

InflationMadeMeDoIt

i dont belive you, the moment you will be able to make some money you will have both. Besides depending on the chain gas fees can cost literally cents in fiat. Something like MATIC

DrinkMoreCodeMore

Because it was named Matic Network before it was named Polygon. No need for it to have the ticker MATIC still. POL is better for Polygon.

Lillica_Golden_SHIB

MATIC and all tokens deployed on it in mine

partymsl

MATIC must be one of the most hyped Cryptos and sadly not quite the performance since years.

TomentoShow

MATIC? you mean poor man's solana?

kirtash93

The only thing I know is that my MATIC bag is going to enjoy the ride

CointestMod

#Polygon Con-Arguments Below is a Polygon con-argument written by Chysce. > \>> **Polygon is not at all decentralized** > > Polygon currently has [fewer than 100 validators](https://crosstower.com/resources/education/nakamoto-coefficient/) which results in a Nakamoto Coefficient [Nakamoto Coefficient](https://nakaflow.io/) of just 4. This means that just four validators have enough control to shut down the blockchain or produce false blocks. > > In addition to that whales currently hold \~86% of the entire [supply](https://app.intotheblock.com/coin/MATIC). For comparison ETH whales control 40% of the [supply](https://app.intotheblock.com/coin/ETH) > > \>> **Rising competition** > > Polygon's main competitors are Arbitrum and Optimism, both of which have recently launched their tokens and are keen to establish themselves in the market. Despite being in their early stages of development, both Arbitrum and Optimism have already caught up with Polygon. > > In terms of Total Value Locked: > > * [Arbitrum 2130m](https://defillama.com/chain/Arbitrum) > * [Polygon 1040m](https://defillama.com/chain/Polygon) > * [Optimism 939m](https://defillama.com/chain/Optimism) > > Its main competitor, Arbitrum is both faster and cheaper than Polygon. Detailed comparison of Polygon Arbitrum and Optimism can be found [here](https://pixelplex.io/blog/polygon-vs-arbitrum-vs-optimism-comparison/). > > Additionally since Polygon is **heavily relying on ETH**, if ETH ever accomplishes scaling it will render any L2, including MATIC, obsolete. > > \>> **Eccentric founder** > > Polygon's founder Sandeep is known for his eccentric views on Twitter oftentimes childishly belittling competitors instead of spreading positivity. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

InclineDumbbellPress

I never understood the move behind changing MATIC to POL

noviwu97

MATIC was $0.8 after the massive dump caused by FTX bankruptcy. Now at $0.56, down more than 30%. If you held MATIC in FTX, you got refunded in the dollar amount at the time of bankruptcy. Which means getting rugged in FTX is more profitable than blind holding 😂

noviwu97

MATIC was $0.8 after the massive dump caused by FTX bankruptcy. Now at $0.56, down more than 30%. If you held MATIC in FTX, you got refunded in the dollar amount at the time of bankruptcy. This is the same for lots of alts. Getting rugged by FTX is actually more profitable than holding.

coinfeeds-bot

tldr; Ethereum and Polygon have become dominant in attracting institutional investments in the crypto space, with a significant portion of institutional funds and treasury products being deployed on these networks. This trend is seen as bullish for the ecosystems, potentially increasing demand and utility for ETH and MATIC tokens. Despite a recent drop in their prices, the ongoing development and launch of new crypto-related products, such as the Spot Ethereum ETF and Polygon's AggLayer, continue to highlight their relevance and appeal to institutional investors. Additionally, the launch of a $50 million web3-focused fund by MATIC's co-founder further underscores the growing institutional interest in these platforms. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Gzdu

Split Portfolio: 40% SOL, 40% VET, 20% MATIC and pray

TexasBoyz-713

Old alts from last cycle, I have the same problem with MATIC

coinfeeds-bot

tldr; The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Ethereum software provider ConsenSys, alleging that its MetaMask service acted as an unregistered broker by offering and selling securities through its wallet tool and staking service. The SEC claims MetaMask facilitated over 36 million crypto transactions, with at least 5 million involving 'crypto asset securities' such as Polygon (MATIC) and Luna (LUNA), among others. The lawsuit also accuses ConsenSys of collecting over $250 million in fees from these activities. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Smiling_Jack_

Since there seems to be universal resentment towards it atm, and it's nearing the lows it made in October, I pulled the trigger and grabbed some MATIC. remindme! 6 months how dumb this was.

keishinichiro

ETH is inflating at 21% APR if calculating from past 30 days (or if you look from post latest update) May 26 2024 - 120,134,874 ETH \* June 23 2024 - 122,275,958 ETH \* 4 week increase: 1.78% APR= 1.78\*12 = 21% if you are looking at ETH inflation rate past 360 days then you are absolutely correct, but ETH from 1 year ago is not the same ETH from today. ETH foundation is constantly pushing updates and changing. Previously we were told ETH will burn more with more on chain activity (deflationary), now with the bull market, there are even MORE activity than ever, but we are seeing inflationary. see the problem? it is the same as MATIC. the leaders keep moving the goal post

piggleii

Because ADA, DOT and MATIC didn't pump.

piggleii

Are some people saying they're "waiting for the ***real*** bull run" just because coins like ADA, DOT and MATIC haven't pumped? Because if that's the case, I mean ........

jwz9904

ADA/DOT/MATIC the stablecoins

kirtash93

I would say it is at a great price. MATIC for example, a total bargain.

Somebody__Online

For me I stick to the L2 chains I’m already familiar with and have liquidity on. Optimisim, Arbitrum, Base, and MATIC have me covered with defi projects that have long established track records and hundreds of millions in liquidity. The APR opportunities I have seen on Blast are not lucrative enough to get me to move my assets to less well established defi projects for maybe slightly higher yields but payed in less desirable tokens.

crypto_dood

AVAX at 2,80 yesterday actually. Today i just swiped to my account overview and saw I made 10% in 8 hours. Same with my FTM from yesterday. But also my FET, AGIX, OCEAN are doing well. Bit said about the ALGO, ADA, MATIC i have. They are coming late I guess .

jwz9904

are you holding ADA/DOT/MATIC?

kirtash93

Same in my case but MATIC and ARB are in a really tasty price.

fatlever2

Since BTC broke $62K in March 1 to BTC break below $62K today, a lot of coins have almost halved their value. And there was a stream of good news articles being posted about various projects when BTC was going up. Now, nothing. - ADA $0.71 - MATIC $1.02 - AVAX $42 - LINK $20 - ATOM $12 - HBAR $0.12 - VET $0.05 - CRO $0.12 - ALGO $0.22 https://coinmarketcap.com/historical/20240301/