Polygon’s Growth Prospects In 2024
The recent resurgence of the cryptocurrency market has renewed investor confidence and enhanced liquidity. There has been a notable uptick in bullish momentum and the overall positive sentiment in the crypto market. Amid these developments, NFT Finance (NFTFN) has emerged as a promising altcoin, with many comparing its growth potential to that of Polygon (MATIC).
The bullish momentum in the crypto market had a positive impact on the prices of several cryptocurrencies, including Polygon. Despite experiencing a volatile year so far, MATIC has managed to record a 28% growth over the past two months, going from $0.77 to as high as $1.2. At the time of writing, MATIC was trading at $0.99, with a market capitalization of over $9.8 billion.
As a layer 2 (L2) scaling solution, Polygon has tackled several problems that plague the Ethereum network. MATIC’s growth potential is enhanced by Polygon’s thriving ecosystem that fosters decentralized applications, non-fungible tokens (NFT), etc. Crypto analysts speculate a growth of over 100% in MATIC’s price, potentially valuing it at $2 soon.
NFTFN To Grow Faster Than MATIC?
NFTFN, a leader in the web3 fintech space, has caught the attention of crypto enthusiasts with its strong foundation and unique selling propositions. Despite being an early stage token, NFTFN has wowed crypto analysts with its immense growth potential, with some saying that its growth will overtake that of MATIC’s.
NFTFN aims to address the challenges surrounding the NFT market, tackling issues like lack of liquidity, high entry barriers, etc. Leading the charge is SuperNova, NFTFN’s flagship product that offers users exposure to blue chip NFTs without having to own them.
NFTFN is currently in the first stage of its presale, where traders and investors are eagerly lining up to buy it for just $0.025 (supply limited to 1 billion tokens). In a very short span of time, NFTFN has raised more than $110,000 through the presale. Crypto experts speculate that NFTFN’s compelling growth prospects have put it on the path to reach a $2 valuation before MATIC.
NFTFN Backed By Polygon
Interestingly, while some crypto enthusiasts are comparing NFTFN’s growth potential with Polygon’s, others have highlighted that Polygon is one of NFTFN’s backers. Polygon founder Sandeep Nailwal, along with other investors like Dapps and Chingari, have raised over $500k for NFTFN.
NFTFN also boasts strategic partnerships with several industry leaders, including Google Cloud Platform (Cloud Partner), Binance Smart Chain and Polygon (Blockchain Partners), and OpenSea (Pricing Partner).
