With more than 22,000 cryptocurrencies to choose from, the choice can be a bit overwhelming for new investors. Even though many gravitate towards Bitcoin and Ethereum, a large number of altcoins provide better profit opportunities. Users have had great results when trading NEAR vs FTM, making quadruple-digit percentage gains.
The choice can be even more challenging when the tokens and network names overlap, in some cases. This is true for POLY and MATIC, which respectively are the native tokens of the Polymath and Polygon. But which one is better and how to choose the one that suits your investment profile? This article will attempt to provide you with the necessary information about these tokens’ fundamentals so that you can make an informed choice.
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What Do We Know About Polymath?
Polymath is an institutional-grade service for digitizing real-world assets. This white-label platform is aimed to fit any business needs and provide tokenization through smart contracts of any given asset.
The underlying blockchain, Polymesh, was specifically built to foster regulated assets. This allows project leaders to raise funds using real-world assets and create yield strategies with them. The platform works closely with regulatory advisors and uses KYC to allow businesses to plug their offers into their business.
Polymath has created a unified standard for security tokens, the ERC-1400, which meets regulatory requirements for businesses.
POLY Price Prediction
The POLY token has seen some ups and downs since its release in the markets in 2018. It quickly reached an all-time high of $1.66 but saw its price crash to $0.01 in 2020.
In the bull market of 2021, it managed to come back en force, reaching $0.87. Currently, the token is trading at around $0.14.
Despite the poor performance in the past months, analysts from priceprediction.net expect it to reach $0.26 in 2023 and as high as $0.57 in 2025.
MATIC Latest Updates
Polygon is one of the best performers in the 2022 bear market. What started as a simple scaling solution for Ethereum has evolved into a full-fledged sidechain with multiple use cases and thousands of running dApps.
The platform has made significant advances in ZK-rollups and provides various scaling solutions for Ethereum. Additionally, through partnerships with renowned brands like Starbucks, Coca-Cola, and Reddit, Polygon is boosting blockchain adoption in the corporate world.
These innovations have pushed MATIC into the top 10 cryptocurrencies by market cap and are ensuring it stays relevant during the market downturn.
MATIC Price Forecast
Since MATIC came out in 2019, the bull market of 2021 was its first occasion to shine. And shine it did, as the token’s price rose from $0.17 in January 2021 to an all-time high of $2.92 in December 2021.
While the bear market hasn’t spared Polygon, the token has performed better than 90% of the market. It’s currently trading at $0.76.
Thanks to its multiple innovations in the layer-2 industry, analysts over the internet provide a very bullish view of the MATIC token. Priceprediction.net expects it to reach $1.36 in 2023 and up to $2.75 in 2025.
Time to Decide What to Invest In
While Polymath and Polygon might be similar in their names, they are very different chains with completely different applications. Polymath focuses on security tokens and regulations, whereas Polygon is the #1 scaling platform for Ethereum.
In this regard, MATIC has much higher potential in the future and has become a blue-chip token of the crypto market. AVAX to LTC might be an interesting trade, but investing in MATIC in 2023 might be the moonshot everyone is looking for.
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