What positive things you are seeing on Matic?

[Crypto Library]

I'm sure most of the members here are aware of Matic or Polygon coins. And also know that there are many people who have positive thoughts about Matic coin. I myself have a positive opinion about Matic and I have been curious about it from the beginning.
Today I open this topic to get your opinion on Polygon(matic) do you see any positive side? And If you find positive thing on it then what's are they,  For example: who is behind it, why the price may increase in the future, let's discuss.

[Dr.Bitcoin_Strange]

I already knew about Matic when the price was still $0.005 cents, but I didn't invest in the coin until around 2021, when I took little profit from the price volatility, when it spiked to $2. Back then, I even speculated that the coin might be trading around $5–$10 before this year, but surprisingly, its live price is still at $0.5. From what I understand, most of these coins on their own blockchain usually have a season, and once their season passes, it will take a very long time for the coin to surge again if at all it doesn't die. I usually pick Matic if I am making reference to some good coin, which means I have little hope in the project. Investors might still be profitable in the future. 

[mindrust]

What real world problem did these shitcoins solve exactly? I know that they are binance's creation and I don't want to throw lots of baseless wild accusations but I feel like they are premined, centralized and shit. Either way I wouldn't touch any of these. If I really had to buy a binance related, it would be BNB and nothing else but I don't trust that one too.

They have been around for a considerable long time too and they did exactly nothing. I am not talking about their price actions. I mean I don't see anybody is using these coins for anything. Do they even have a purpose other than pump and dump?

[FinneysTrueVision]

Polygon is working on some interesting scaling technology but from just looking at it you will see that it is not much different from any other EVM chain. It has all the same finance, gaming and NFT dapps but you can use them at a cheaper cost. The Matic token is very far from its all time high price. I would not consider this a worthwhile investment. It you are interested in the technology or any of the available dapps, buy a little for gas only, but I do not recommend holding it because you think it’s going to pump massively.

[o48o]

What real world problem did these shitcoins solve exactly? I know that they are binance's creation and I don't want to throw lots of baseless wild accusations but I feel like they are premined, centralized and shit. Either way I wouldn't touch any of these. If I really had to buy a binance related, it would be BNB and nothing else but I don't trust that one too.

They have been around for a considerable long time too and they did exactly nothing. I am not talking about their price actions. I mean I don't see anybody is using these coins for anything. Do they even have a purpose other than pump and dump?

Yet you do seem to want to throw baseless accusations... I don't even like Polygon that much, but i feel like i need to correct you here:

It launched at binance launchpad, that doesn't mean it's a "Binance creation" in any way. Where you have even heard about something like that? I tried to google at least some rumors but didn't find any.

And i don't have a clue what you mean by premined? Because that hasn't meant anything since the token sales like icos. Of course they are premined, how else they could even sell the tokens? I remember HIDDEN premine being a problem in 2014 with PoW coins when everything was supposed to be fair launch, but it lost all meaning with token sales. So what does that even mean? It's an open source project that can be found from github, and if there would be something shady with the tokenomics, i am sure someone would have found it.

And what do you mean by real world use case? You mean use cases in general? Well all reddit nft avatars are in polygon, and they have brought millions of nfts to new users. I would like to hear how many other sites have bring so many newbies in. And why would you see anyone using them without looking at their chain explorer?

[X-ray]

never really have the highest hope for this coin to score its ATH again not to mention the L2 narrative is a massive lackluster right now mostly just empty shell of a blockchain created for VC to dump their bags, one thing that's good with matic is probably the fact that its market cap still quite high despite other L2 just gaining mid market cap at best, like the recent appearance of Blast L2 and Zksync which I was thinking they supposedly could overshadow polygon as ethereum L2 turns out I was wrong.

Polygon got the advantage of being among the first L2 but the price will probably stagnate around current price which is just $0.5, maybe some occasional pump but never expect this thing to hit ATH again at least thats my opinion.

[makishart]

I'm not sure what would cause polygon's price to climb once more. I meant, if you know of the most recent development on Polygon about implementation ZKevm, and it is not going as planned because it's failed to attract the hype. Polygon worked on this product for months, but it did not spark interest in this blockchain.

And because there are many blockcains that provide lower costs than matic, I have switched to using other blockchains like as Solana. Matic was an L2 ethereum, and there are far too many L2s on the market now, with less development focused on financial products. They keep spamming more and more L2s.

There is nothing particularly engaging about the subject matter of L2s. As more L2s enter the market, the competition among L2s becomes increasingly fierce because of the new L2s are coming with better scalability compared to the old blockchain. Polygon now resembles a typical blockchain.

[mk4]

The only thing about Polygon/Matic that gives them an advantage is that they're an early (future) L2 that gained real activity; and, that's pretty much it. There are just so many L1s and L2s being released that literally any new L1 or L2 can beat the crap out of current L1s and L2s.

[muncuss]

Yet you do seem to want to throw baseless accusations... I don't even like Polygon that much, but i feel like i need to correct you here:
~

i dont think he even read the post.

The only thing about Polygon/Matic that gives them an advantage is that they're an early (future) L2 that gained real activity; and, that's pretty much it. There are just so many L1s and L2s being released that literally any new L1 or L2 can beat the crap out of current L1s and L2s.

it is same like other type of crypto. Earlier coins have better chance at surviving because they are already used in many place or dapp

[mk4]

it is same like other type of crypto. Earlier coins have better chance at surviving because they are already used in many place or dapp

Not necessarily. That argument can mostly only be used for major L1s like Bitcoin and Ethereum (and maybe and arguably BNB/Solana). L2s don't have as much staying power as these L1s as competition is far far tougher for L2s because it's very very easy for liquidity to switch from one L2 to another.

[muncuss]

Not necessarily. That argument can mostly only be used for major L1s like Bitcoin and Ethereum (and maybe and arguably BNB/Solana). L2s don't have as much staying power as these L1s as competition is far far tougher for L2s because it's very very easy for liquidity to switch from one L2 to another.

It still means im right. L2 cant stay long because people already use L1, unless they can bring more people to use their token like what happened with bnb

[Yudhisthir]

I'm not much aware about their development roadmaps but there are news that suggest they are now moving or might have already moved towards their own blockchain effectively becoming a L1 network. On such case with its decent market share, quick transaction and cheaper price, it would be seen as an alternative to Solana. Matic was always seen as a cheaper BNB for most of its times but with these new development I guess they have the potential to rise over BNB and come to the rank of Solana at least being an option.

[Cryptoababe]

For me, the positive aspects I see in Matic are:

1. It's one of the pioneering Layer 2 projects
2. It's supported by Coinbase
3. There have consistently been developments on the network and partnerships with the project

These three factors are significant indicators of a crypto project's potential for future success.
Additionally, the Matic project once faced a challenge and successfully overcame it. This resilience is another positive sign.

[Patrol69]

When it comes to reliability among ALT coins, Matic is definitely one of those reliable coins. There are many reasons why Matic is reliable. Where all other coins depend on other platforms, Matic has its own platform and this platform is a huge support for their coins. If you invest in all other ALT coins in the market, it can be seen that there is excess volatility in the market of those coins and also those coins often disappear from the market but there is no such record in case of Matic. This coin has been in the market for a long time and will remain in the market for a long time so you can definitely trust this coin.

[redsun114]

never really have the highest hope for this coin to score its ATH again not to mention the L2 narrative is a massive lackluster right now mostly just empty shell of a blockchain created for VC to dump their bags, one thing that's good with matic is probably the fact that its market cap still quite high despite other L2 just gaining mid market cap at best, like the recent appearance of Blast L2 and Zksync which I was thinking they supposedly could overshadow polygon as ethereum L2 turns out I was wrong.

Polygon got the advantage of being among the first L2 but the price will probably stagnate around current price which is just $0.5, maybe some occasional pump but never expect this thing to hit ATH again at least thats my opinion.

Matic's ATH is 2.92 dollars according to my researched and according to Coinbase as the source of the info. IMO it's not very far from the current price of the coin but it's just that the speed at which the coin move is kinda bit slow and makes it look like it was kinda hard or impossible to achieve. I won't only agree when you say that L2's are a massive lackluster because there are still plenty of them that are legit and ground breaking despite the fact that L2's are not a new thing anymore.

I wouldn't wonder anymore on why Matic's marketcap is high. That is because it is much older than the other L2's. Being old is also what makes many people trust it over the other recent releases and that makes it stand out or hard to get surpassed by the others.

[Qiubell5]

For me, the positive aspects I see in Matic are:

1. It's one of the pioneering Layer 2 projects
2. It's supported by Coinbase
3. There have consistently been developments on the network and partnerships with the project

These three factors are significant indicators of a crypto project's potential for future success.
Additionally, the Matic project once faced a challenge and successfully overcame it. This resilience is another positive sign.

in the narrative of positioning MATIC as an important player in the ever-evolving crypto landscape, for now to present attractive opportunities for investors thereby increasing the appeal for all as a whole, and matic having its platform by adding interesting elements to the dynamics of the matic market provides a strong reason for its revival and benefits positive trends as a solution to problems.

[yazher]

Yes! I heard about it and am also one of those people who think they will become one of the biggest altcoins in the future but when the time comes when NFT games are not worth playing anymore and fewer people are interested in them, their market becomes small which makes Matic price fall.

Unlike Ethereum who have more liquidity and usability right now, they don't have enough partnerships to expand their platforms and they need those to get more investors who will going to trust their project once again. But compared to their other competitors, they are strongly holding on and who knows maybe in the future, they will come up with another innovative update which lead to an increase in the price of Matic once again.

[bitgolden]

I'm sure most of the members here are aware of Matic or Polygon coins. And also know that there are many people who have positive thoughts about Matic coin. I myself have a positive opinion about Matic and I have been curious about it from the beginning.
Today I open this topic to get your opinion on Polygon(matic) do you see any positive side? And If you find positive thing on it then what's are they,  For example: who is behind it, why the price may increase in the future, let's discuss.

I have been looking at Matic for a long time. I invested in it and profited from it when a project called Metaforce supported Matic. Then the price of Matic increased significantly. Even Matic last went up to $2.92 and after that, Matic could not go up. There was a time when I thought that Matic would go up to about five or ten dollars. Unfortunately, this could not happen and the price of the Matic is currently quite low.

And Matic has been down for a long time, so for one thing, I'm thankful I didn't invest too much in it and sold it back on time, otherwise, I'd be sitting at a loss right now. This is the reason why I have completely lost interest in most of the altcoins because even though they have huge potential, sometimes you can incur expected losses after investing in altcoins.