您现在的位置是:Ethereum L2’s to keep an eye on in July >>正文
Ethereum L2’s to keep an eye on in July
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛61278人已围观
简介Polygon and Loopring are gaining upside momentum ahead of the Ethereum merge.Key points:Polygon is t...
Polygon and Loopring are gaining upside momentum ahead of the Ethereum merge.
Key points:
Polygon is trading sideways as the rest of the market drops, indicating buyers are still in the market.
Loopring is making a V-shaped recovery, indicating that bulls are entering the market ahead of the Ethereum merge.
Both Polygon and Loopring have strong odds for growth over and above hype around the Ethereum merge.
Ethereum ETH/USD is in the process of an upgrade to Ethereum 2.0. According to tweets by Ethereum core developers, the move to Ethereum 2.0 is expected to be completed by August 2022. The implications will be positive not just for Ethereum but also for Ethereum layer-2 solutions. Among the cryptocurrencies that are expected to benefit immensely from Ethereum’s shift to a Proof-of-Stake chain are Polygon and Loopring.
Polygon prospects in 2022
After a rally between April 22nd and 24th, Polygon MATIC/USD bulls lost momentum. However, unlike most heavily bearish cryptocurrencies, Polygon is now directionless.
Source: TradingView
This indicates that bulls still have a significant presence in the market, and can be linked to the upcoming Ethereum merge in August. If the merge comes and Ethereum gains upside momentum, Polygon, too, could see an increase in adoption. In such a case, the critical level to watch would be $0.618, a fundamental resistance level in the very short term. If this resistance is broken, and Polygon holds above it until the Ethereum merge, it could easily retest prices above its most recent highs in the short to medium term.
Besides the hype around the merge, there are strong underlying factors that could see Polygon keep gaining in value in the future. The most important one is that Polygon already has a strong ecosystem of Dapps running on top of it. This means that the Ethereum merge will only augment the number of projects running on the Polygon chain. This will add to the intrinsic value of MATIC tokens since MATIC is the native token to the Polygon ecosystem.
The fact that Polygon is a deflationary token further adds to its potential to rally going into the future.
Loopring prospects in 2022
Loopring LRC/USD is another Ethereum layer-2 solution that has the potential to rally once the Ethereum merge happens. Already its price action is showing potential anticipation by investors of a rally.
For instance, after a dip between 25th and 27th, Loopring is making a rebound. When writing this article, Loopring was making a V-shaped recovery, and if the merge happens, Loopring could see a sustained rally that could extend throughout the year.
Source: TradingView
Besides such a potential short-term rally, there is much to look forward to in terms of LoopRing’s long-term price action. For context, Loopring already has a strong and fast-growing ecosystem of Ethereum tokens trading on top of it. Fast execution speeds and low costs make it one of the best in the market.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/89285.html
相关文章
$7.8 billion of the $14 crypto crime in 2021 attributed to scams
Ethereum L2’s to keep an eye on in JulyChainalysis findings show that there is currently more than $10 billion in illicit money (mostly sto...
阅读更多
Metaverse tokens make a comeback, other cryptos stay red
Ethereum L2’s to keep an eye on in JulyThe crypto market was seen lower over the past 24 hours, as the majority of top 10 cryptos were in t...
阅读更多
SEC punts giving verdict on NYDIG’s Bitcoin ETF once again
Ethereum L2’s to keep an eye on in JulyThe commission previously punted two other Bitcoin ETF products for an additional 45 daysThe US Secu...
阅读更多
热门文章
- Scientists create rat
- Popular analyst Rekt Capital says BTC faces stiff barrier around $43k
- MIT scientists craft 3D printed mass spectrometer components
- 10 Best Privacy Coins in 2022
- Airbus first ZEROe engine fuel cell set for hydrogen flight
- LUNA, LINK, UNI and AAVE the best DeFi tokens to buy on January 17, 2022 and this is why!