Post
Topic
Board Speculation (Altcoins)
Topic OP
MATIC. What other L2s compete?
by
riskthebiscuit
on 05/12/2021, 16:03:50 UTC
Matic has currently been on a tear as of late and during the Bitcoin dump it improved its BTC ratio. It seems to have broken 6 month accumulation range with massive strength.


News events as of late:

Polygon & Coinbase agreement (rumoured but not confirmed yet). https://tradersofcrypto.com/news/polygon-matic-boosted-by-coinbase-nft-rumors/

Polygon & Draftkings agreement. https://www.draftkings.com/about/news/2021/10/polygon-and-draftkings-enter-into-a-strategic-blockchain-agreement/

Polygon Miden. Ethereum Rollup. https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/

Polygon zk day. https://polygonzk.ethglobal.com/

Only question is will it hodl now, and if so what PA do you expect, and do you expect any other L2s to compete heavily? Ie Optimism, Arbitrum, SyscoinPersonally, I suspect it will hodl the line at 3800 sats region, and will look to make previous resistance support. From there, it is anybodys guess but I would believe $10 is on the table.