Crypto Analyst Thinks Polygon Will Lead The Next Bull Run By CoinEdition

• Armstrong believes Polygon has made the most mainstream inroads into the industry.
• Dolce and Gabbana, Disney and Stripe have all signed partnerships with Polygon.
• The zkEVM mainnet beta will launch on Polygon on March 27, 2023.

Famous crypto YouTuber Ben Armstrong believes Polygon will lead the charge in the next bull run. According to Armstrong, blockchain’s foray into the mainstream is more than any other, earning partnerships with some of the world’s most recognizable brands. For this reason, when the market picks up again, Polygon’s ticker, MATIC, will definitely be the one to watch.

Armstrong noted that Polygon has made many partnerships and made inroads into the mainstream since the beginning of 2022, despite the bear market. It has given MATIC considerable speed and wind under its wings ahead of an impending rally.

Some companies that Armstrong listed as Polygon has signed partnerships with include Dolce and Gabbana, Disney and Stripe, the payments retailer. In his opinion, this action by Polygon sets it apart as a corporate partner of major companies in crypto. He noted that the appearance of these initial partnerships attracted more companies to Polygon.

Polygon is a layer 2 blockchain that runs on top of Ethereum. It is designed to scale better and allow cheaper fees, and run transactions at a much higher throughput rate. These characteristics of Polygon lead Armstrong to describe it as “band-aid for Ethereum”.

Armstrong mentioned a significant event to Polygon, which he believes will affect growth this year. According to him, Polygon announced that the zkEVM (Zero Knowledge Ethereum Virtual Machine) mainnet beta would launch on March 27, 2023.

Although Polygon has not clarified what the launch will entail, zkEVM is recognized as a cutting-edge technology that will increase the speed of blockchain transactions and reduce costs. ZkEVM is also known to generate cryptographic proofs to process transactions faster before sending them back to the layer 1 network.

Armstrong acknowledged a claim on Polygon’s website, which says blockchain will form the foundation for the future of Web3. He cited examples that reflect that this process has already begun, with the likes of Meta’s Instagram, JP Morgan, Nike (NYSE:NKE), and Starbucks (NASDAQ:SBUX) are already using Polygon in various capacities.

According to Armstrong, Polygon has built a reputation as the standard blockchain of champions. He believes that although the layer 2 blockchain cannot exist without Ethereum, Polygon is still much better than the latter.

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The post Cryptoanalyst thinks polygon will lead next bull run appeared first on Coin Edition.

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