Bloomberg Analyst: “These Altcoin Competitors Avalanche and Phantom! Nothing Can Replace It!”

Bitcoin (BTC) And cryptocurrency notable for its analysis of the market Mike McGlone, senior macro strategist at Bloomberg, popular altcoin Polygon (MATIC) commented on it.

MATIC’s competitor altcoin with projects Avalanche (AVAX) and Phantom (FTM) Mike McGlone, who stated that he made a difference, Ethereum (ETH) For Layer 2 solutions, he argued that no protocol can compare to the network efficiency Polygon provides.

In the famous analyst report aave And Uniswap Ethereum’s largest DeFi Noting that their platform has moved to Polygon, he said:

“Utilizing the latest information technologies, Polygon’s transaction confidentiality and speed has become an example for blockchain developers.

Ethereum’s biggest DeFi platforms like Aave and Uniswap have migrated to Polygon, the rapidly developing protocol.

It also managed to become a kind of brand for Polygon NFT and Web 3. Because corporate giants such as Nike, Coca-Cola, Reddit, Starbucks and Meta joined Web 3 through Polygon last year.

Based on Polygon’s series of brand partnerships in 2022, this could also be the year mainstream NFT is adopted.”

According to a Bloomberg analyst polygon The boom in active users on its network was driven by several blockbuster corporate partnerships with Polygon Technology, the company behind the network.

With an increase of approximately 502% since the beginning of 2023, MATIChas lost 3.63% in the last 24 hours and is trading at $1.20 at the time of writing.

*Not investment advice.

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