MATIC Coin Price Prediction – What’s Next After Polygon ? = MATIC Coin Price 2021-Should i Buy MATIC

Ren launches bridge to Polygon for seven top
crypto assets The new bridge will allow Ren’s ERC-20 representations
of BTC, BCH, DOGE, FIL, LUNA, ZEC, and DGB can now be transferred onto the Polygon network. The launch of the new Polygon x RenVM Bridge
was announced to Twitter by Polygon on May 28, who emphasized the bridge will allow Bitcoin
and other assets to be used on the high-speed and low-cost layer-two. Ren and Polygon have teamed up to launch a
bridge allowing BTC and other assets to be transferred between Bitcoin and the Ethereum
scaling solution. Ren’s ERC-20 representations of Bitcoin,
Bitcoin Cash, Dogecoin, Filecoin, Terra, Zcash, and DigiByte can now be used on the Polygon
network.

The assets can already be traded and pooled
on top Polygon-based DEX, QuickSwap, with the team also hinting at future yield opportunities
for the tokens on Polygon deployments of Curve Finance and BadgerDAO. Speaking to Cointelegraph, a Ren representative
indicated the team plans to launch more bridges to high-speed scalable networks in the near
future. Since launching the RenVM one year ago, Ren
has emerged as a leading portal allowing wrapped versions of Bitcoin, Bitcoin Cash, Zcash,
and other layer-one assets to be traded on the Ethereum mainnet. Roughly $246.3 million worth of assets were
bridged using RenVM over the past seven days. According to DeFi Llama, the RenVM is currently
the 30th-largest decentralized finance protocol with a total value locked, or TVL, of $573
million. Polygon has recently emerged as the leading
layer-two scaling solution by TVL and the second-largest DeFi protocol overall with
roughly $10.3 billion worth of assets currently held on the network.

On May 25, it was announced that famed billionaire
investor Mark Cuban had invested in Polygon. However, competition among layer-twos is heating
up, with Arbitrum targeting its mainnet launch for May 28, and Optimism aiming to go live
in July. MATIC Coin: What’s Next After Polygon’s
Meteoric Rise? My previous MATIC coin recommendation was
spot-on, netting my premium subscribers a tidy gain in a single dayLook around you — the
cryptocurrency market is crashing (which was exactly what I said would happen) and newbie
crypto speculators are getting their first abrupt spanking after being spoiled for far
too long with far too little to actually warrant said spoils.

Concept art of crypto mining with little figuring
and a Bitcoin (BTC) token. Bitcoin plummeted 20%-plus in the past month
after Elon Musk took it to task for not being in line with his climate-conscious mission
statement, and after China renewed its commitment to keeping cryptocurrencies under the government’s
thumb. At this moment, the price of BTC is $38,600
— far from its high of $64,000-plus in mid-April, but still too expensive for most people to
afford an entire coin. Two quick (but critical) notes here: The price
of the cryptocurrency is not always indicative of its underlying fundamental value, and just
because the market crashed does not mean there aren’t cryptocurrencies worth buying.

Uncovering the Best Cryptocurrencies to BuyRight
now, at this very moment, there are a number of interesting cryptocurrencies, altcoins,
and tokens trading hands for less than $2. While Bitcoin and Ethereum have dropped significantly,
the lion’s share of compounding share appreciation has already been made by those savvy enough
to get in when both coins were hardly a glimmer in a CNBC news anchor’s eye. If you’re aiming to strike it rich in crypto,
the altcoins with relatively muted valuations and underappreciated fundamentals have the
most upside to give. These are the coins that are going to mint
the next generation of crypto millionaires.

I’ve got a few on my radar while my cryptocurrency
research team and I analyze potential 10X altcoins to buy. But perhaps the best cryptocurrency to buy
today, at this very moment, is one I recently recommended to premium subscribers of my 10x-stock-a-day
service, the aptly titled Daily 10X Stock Report. “DTX” for short. DTX subscribers were the first to get my thoughts
on a little cryptocurrency called Polygon MATIC An altcoin so valuable, that one-time
cryptocurrency skeptic and notoriously critical Shark Tank star Mark Cuban couldn’t resist
scooping it up. According to a disclosure on the Mark Cuban
Companies website, the billionaire investor can now boast MATIC coin in his portfolio. You could, too, had you received a thoroughly
researched, thoughtfully written examination of Polygon and its underlying technology before
its exponential rise this week. Just Tuesday, we wrote such an examination
in the Daily 10X Stock Report. Our recommendation? DTX subscribers should buy MATIC, despite
its then-100% rise in a mere 24 hours. Here’s a teaser from our premium research:“Polygon
is up more than 100% over the past 24 hours.

That’s no misprint. It’s also no fluke. This cryptocurrency is up more than 2X in
less than a day, and this could really be just the start of a much bigger, much longer
uptrend in the crypto. Here’s the story. For the time being, Bitcoin and Ethereum are
the two most popular blockchains. But they are far from perfect. One of their biggest downfalls is that they
are both plagued by high transaction fees due to congestion, as neither was built for
the kind of traffic they’re currently seeing. Polygon was designed to solve this problem
by utilizing what are known as “sidechains. subscribe channel
affiliate cambodia thank you!.

You May Also Like