A famous crypto analyst sets 2022 price targets for the altcoin, a layer 2 scalability solution that has already experienced a year of release. Financial education YouTube channel InvestAnswers tells its 377,000 subscribers that it is considering where Polygon (MATIC) will go after the project has made several major acquisitions. Detail cryptocoin.com‘in.
Altcoin that can topple giants
Here is what InvestAnswers explains:
New Ethereum [ETH] I took some of my price prediction models into account. I took into account the new EIP-1559 burning. New ZK that can help [sıfır bilgi çerçevesi] I took into account its features and achievements. Based on this, my new price predictions for 2022: lowest [3,90 dolar] From my bear state, which is the current one, to my expected high of $6.31 next year, which is $4.61. These will be critical to determining our exit plan.
The strategist also cites notable key developments on MATIC, which explains why it is in a long-term uptrend. “Polygon MATIC is becoming multi-chain. Uniswap is another one to move to Polygon because Uniswap is suffering due to gas fees and they voted overwhelmingly to move to Polygon,” he says. He says Polygon has also made great strides in expanding its repertoire of scaling technologies in the form of ZK aggregates. According to the analyst, ZK hashes are very important because they aggregate hundreds of off-chain transactions that are instantly verified on the main chain, resulting in faster results. Analyst says:
Two of their acquisitions: the first is Hermez [250 milyon dolara açık kaynaklı ZK toplaması] and then recently for $400 million to expand Ethereum capacities [ZK korumalı başlangıç] They bought the Mir Protocol. All of 2022 will be about ZK summaries. Polygon is a beast. Currently ranked 14th. Bigger than Algorand and Chainlink…This could very easily be one of the top 10 cryptos.
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