Polygon is going from strength to strength as it develops and improves its tech, and the price has gone up to reflect this. But can Polygon reach the psychological $1 level? Let’s dive in.
Polygon’s zero-knowledge EVM solution is proving popular
The trading activity of $MATIC recently achieved a significant milestone, reaching a volume of $1 billion. Since last week, MATIC has been up by 30%, and its price has surged by 70% in the last 30 days, while the market capitalization has doubled.
DeFi and NFTs are up on chain, as we can see from the fact that the Total Value Locked (TVL) on Polygon’s zkEVM has also doubled in the same 30-day period.
What are the rumours about POL?
Polygon was formerly called the Matic Network until it officially changed its name to its current and more catchy moniker. In line with this, and to celebrate the launch of Polygon 2.0, MATIC will soon be replaced 1:1 by POL. Holders have a four-year window to exchange their tokens.
Can the price reach $1?
In the last bull run, Polygon’s Matic went up from $0.14 to $1.53. This time around, Polygon is more than just a blockchain, but rather an ecosystem comprising the Layer 2 rollup, a PoS Chain, a Layer 3 architecture and Miden, a ZK-STARK-based Layer 2.
If all that is a bit much to take in, the key point is that Polygon is targeting speed, scalability, and interoperability. With the price currently sitting at $0.90 and the overall market going up, it’s no surprise that experts are predicting it won’t be long until MATIC hits $1.
Which Cryptos Can Beat Polygon’s Rise?
As impressive as this all is, traders are always looking for the next big win. Even if MATIC reaches $2 from here, that’s a 122% rise which is great but for most, not life-changing.
The secret lies in the smaller cap coins that have a lot more room for growth. One such crypto is Meme Moguls. As a coin in the first stage of presale, you can’t get a much smaller market capitalization than that.
The MGLS price is currently $0.0019, and the current market cap is $63,000. According to the team, the price will rise by 1,000% in the presale alone, at which point it will go live on various exchanges, where it could see equally big rises.
What is Meme Moguls?
Meme Moguls ($MGLS) is an upcoming platform for meme lovers, traders, and play to earn gamers.
We all know that when a business magnate like Elon Musk tweets, the memecoins jump. But the premise of Meme Moguls is to become your own wealthy mogul. The team hopes to create 100 millionaires within the first three months of launch to help make that happen.
They are building a place where like-minded people can come together, learn from each other, vie for a top spot on the leaderboard, and find the next big memecoin.
In crypto, information and community are everything, and by crowdsourcing knowledge in a fun way, people can become meme moguls and earn MGLS. And those who get in on the presale can get MGLS at a hugely discounted price, and hopefully get market-beating gains.