MATIC. What other L2s compete?

[riskthebiscuit]

Matic has currently been on a tear as of late and during the Bitcoin dump it improved its BTC ratio. It seems to have broken 6 month accumulation range with massive strength.


News events as of late:

Polygon & Coinbase agreement (rumoured but not confirmed yet). https://tradersofcrypto.com/news/polygon-matic-boosted-by-coinbase-nft-rumors/

Polygon & Draftkings agreement. https://www.draftkings.com/about/news/2021/10/polygon-and-draftkings-enter-into-a-strategic-blockchain-agreement/

Polygon Miden. Ethereum Rollup. https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/

Polygon zk day. https://polygonzk.ethglobal.com/

Only question is will it hodl now, and if so what PA do you expect, and do you expect any other L2s to compete heavily? Ie Optimism, Arbitrum, SyscoinPersonally, I suspect it will hodl the line at 3800 sats region, and will look to make previous resistance support. From there, it is anybodys guess but I would believe $10 is on the table.

[SlimShadyMmp]

Yeah I think Once polygon catch up to the L2 zkRollups then probably something around 7-8usd is on the table I wont count on 10 since basically 90% of the holders are targeting there but probably the use case might just over power the sell-offs As for L2 I think KAI will be a good option to look at also RONIN is on the way I think q1 to q2 will be exciting times

[sana54210]

Only question is will it hodl now, and if so what PA do you expect, and do you expect any other L2s to compete heavily? Ie Optimism, Arbitrum, SyscoinPersonally, I suspect it will hodl the line at 3800 sats region, and will look to make previous resistance support. From there, it is anybodys guess but I would believe $10 is on the table.

Loopring and OMG are the two very known versions, but obviously there are none that is as close as Matic. I get that Matic is known for being one of the best ever at the L2 solutions and that is why they are hoping that it would gain some value and it would be high priced.

So far it has worked, Matic has 14+ billion dollars marketcap, there is no doubt that as a top 15 coin, it is not going to be getting too much of a competition from anything else. What is the real problem that I can guess is that there are other solutions to this ETH problem right now and that means that maybe L2 solutions would not be liked all that much? I mean sure it is not guaranteed thing but I think that could be a bit of a problem.