Crypto Analyst Believes Polygon Will Lead the Next Bull Run

  • Dolce and Gabbana, Disney, and Stripe have all signed partnerships with Polygon.
  • zkEVM mainnet beta will launch on Polygon on March 27, 2023.

The famous crypto YouTuber Ben Armstrong believes Polygon will lead the charge in the next bull run. According to Armstrong, the blockchain’s encroachment into the mainstream is more than any other, earning partnerships with some of the world’s recognizable brands. For this reason, when the market picks up again, Polygon’s ticker, MATIC, will definitely be the one to watch.

Armstrong noted that Polygon made a lot of partnerships and inroads into the mainstream since the beginning of 2022, in spite of the bear market. That has given MATIC significant momentum and wind under its wings ahead of an impending rally.

Some companies that Armstrong listed with which Polygon has signed partnerships include Dolce and Gabbana, Disney, and Stripe, the payment processing merchant. In his opinion, this act by Polygon separates it as the corporate partner of major corporations in crypto. He noted that the appearance of these initial partnerships attracted more corporations to Polygon.

Polygon is a layer 2 blockchain that runs on top of Ethereum. It is designed to scale better and allow for cheaper fees, running transactions at a much higher throughput rate. These qualities of Polygon make Armstrong describe it as the “band aid for Ethereum”.

Armstrong mentioned a significant event for Polygon, which he believes will impact its growth this year. According to him, Polygon announced that the zkEVM (Zero Knowledge Ethereum Virtual Machine) mainnet beta would launch on March 27, 2023.

Although Polygon has not clarified what the launch will entail, the zkEVM is recognized as a ground-breaking technology that will increase the speed of blockchain transactions and reduce cost. The zkEVM is also known to generate cryptographic proofs to process transactions faster before sending them back to layer 1 networks.

Armstrong acknowledged a claim on Polygon’s website, which says the blockchain will form the base for the future of Web3. He cited examples that reflect that this process has begun already, with the likes of Meta’s Instagram, JP Morgan, Nike, and Starbucks already adopting Polygon in various capacities.

According to Armstrong, Polygon has earned a reputation as the default blockchain of champions. He believes that although the layer 2 blockchain cannot exist without Ethereum, Polygon is still much better than the latter.

Related Articles

Back to top button