Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Matic being one of the biggest bounces yesterday will be a canary on this rally. Is this a bear market bounce? Or is this a reversal back into the bull market? MATIC breaking back above $2 will be one of the signs traders look for.
I think MATIC is going through a correction now and have a gut feeling that it may go back to 90 cents << which is definitely a good buy. But this goes to show that meme coins are short term pump and projects that have real use cases such as MATIC and ETH can go a long way. This is also why public companies are starting to look at crypto and adding them into their company balance sheets. Example is TSLA with billions in BTC, $BTCS gaining over 14.1m in their digital assets (majority is with running ETH validator nodes)
On this next leg up in Crypto, I think we start seeing the actual use case start making big ground on BTC which has nothing except store of value going for it. ETH and related cryptos will take a bigger chunk of the market going forward.
