Polygon Shows Most Strength In Bear Market. $18 Prediction For Next Bull Market
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Polygon, the rebrand of Matic Network, was a strong performer in the last bull wave.
Moving from the $0.02 mark in later 2020, MATIC went on to top out at $2.90, representing a 145x gain for those invested before 2021. These incredible profits come off the back of adoption, use case, and incredibly low fees for using the network, making it accessible to all. When Ethereum fees were costing hundreds of dollars, Polygon fees were in cents.
After breaking out from the bull flag that has been forming since July, along with a successful retest of the top line, MATIC is looking to make big moves.
It is expected that in the next bull market. MATIC will reach the giddying heights of around $18. This is based on the multiple deals the Polygon team has forged, fractals of previous market action, as well as increasing institutional interest. Accumulating now would likely be beneficial for this Layer 2 network. MATIC is available on most major exchanges, such as Binance, Coinbase, and Kucoin.
DeFi protocols will be set to benefit enormously from this also. Uniglo.io, which is set to launch within weeks, will first be providing liquidity on the Ethereum network.
As with most DeFi protocols, expanding across networks is a core part of protocol development, and moving into Polygon, as a Layer 2 of Ethereum, is the natural progression.
Uniglo.io’s native token is GLO, a deflationary and backed asset. The Glo Vault is the project treasury that backs the token, holding investments in selected cryptocurrencies, gold, watches, real estate, and many others, all in tokenized form. The backing gives value to the GLO token, unlike many assets that have no backing.
In addition to this, the signature Ultra Burn Mechanism will continuously remove GLO from circulation, eventually creating a ‘supply shock’ effect.
The best time to buy Uniglo is now, as their presale is ending soon.
