Camille Lemmens, one of the altcoinbuzz analysts, has selected 4 altcoin projects from the Polygon (MATIC) network, which has made headlines in recent months with its partnerships with well-known brands. Numerous well-known Web2 brands are partnering with these projects, and earnings of up to 50x are predicted in a potential bull market.
4 Polygon-based projects you should follow in 2023
Aavegotchi (GHST)
Aavegotchi and GHST are prominent in Blockchain games and NFTs. You can buy and grow Aavegotchis in these metaverses. Aavegotchis are NFT-based digital creatures. They come with different attributes and rarity. A few of the crypto aspects meet with Aavegotchi. For example:
- DeFi
- Blockchain games
- Staking
- Digital land ownership
Meanwhile, you can earn passive income-interest by staking GHST. Once you stake GHST, you will regularly receive REALM tokens. These are tokens that represent digital land ownership. Also, a DEX is coming to their platform.
Price-wise, GHST is currently trading at $1.08. With the y00ts NFT collection ported from Solana to Polygon, Polygon NFTs can be ready to explode.
Augur (REP)
Augur is all about betting. This means you bet on the sport, the outcome of the elections or the weather. You name it and they deliver it on a global basis. They’ve already been around since 2018, that’s when they hit the market.
By the way, the project has done really well in recent months. On February 10, the entire market wing but AUGUR gained almost 17%. Over the past 30 days, the token has increased by 86%. According to the analyst, this token has the potential to rise 50 times in the next bull run. Just like the next two projects. Market cap of $78.5 million. All 7.8 million are already in circulation.
IDEX (IDEX)
Idex is an AMM with different features. They are an AMM system with an order book. So we can call them hybrid liquidity DEX.
In Polygon, they use Layer 2 Roll Up. This provides faster and cheaper transactions. They are currently about to complete V4. The next generation will include a decentralized, permanent swap exchange. This will have an upgraded UI, trading engine, API and order book service.
UMA (UMA)
Uma is the optimistic oracle. In other words, it brings real-world data to the Blockchain. Optimistic oracle delivers data to smart contracts. These oracles are available worldwide.
The project also resolves any disputes. They use the Data Validation Mechanism (DVM) for this. This is their conflict resolution system. However, as long as no one objects to the information, it is considered correct.
So, instead of being “another solid oracle”, Uma makes sure the information is correct. When there is missing information, people get involved. They are rewarded for verifying the accuracy of the data. This human-made data conflict makes them unique. They have mechanisms to help choose who gets involved in this conflict. This eliminates the possibility of extreme images getting into the mix.
Just like the previous two tokens, Augur and Idex, UMA could do well in the next bull market. The current price is $2.09 and the market cap is $145 million. cryptocoin.com As we reported, recent high-level partnerships of the Polygon network also support the rally of the ecosystem.
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