Polkadot (DOT) Or Polygon (MATIC) ? Which Altcoin Traders are HODLing This Bear Season!

The post Polkadot (DOT) Or Polygon (MATIC) ? Which Altcoin Traders are HODLing This Bear Season! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Prior to investing in altcoins, one needs to study more on the project’s whitepaper, supply and demand analytics, team, and stakeholders of the project. Currently, Polkadot and Polygon are known to have considerably higher development activity in comparison to other altcoins. Veterans across the crypto-verse have been referring to the above protocols as the best HODL opportunity for the long term.  

Spotlight On Polygon! 

Polygon’s MATIC has been one of the most explored tokens by traders in recent times. Although the project experienced a pullback of 35% since 2022, it is still up by 3,597.5% year-to-date. The project has managed to sustain its value well above $1.5 despite the market crash. 

The growth cycle of 2021 hints at its future potential and it is taking enough initiatives to achieve new milestones. Recently, YouTube’s head Ryan Wattz has taken over the CEO position at Polygon Studios. Followed by the news, MATIC’s price response was great, where it has enjoyed a breakout at $1.34 chugging up to $1.764 in just 24 hours. 

Ryan Wattz was YouTube’s head of gaming for over seven years. Hence there are expectations of huge growth in Polygon’s gaming sector. Successively, as per the reports, the platform has plans to invest more than $100 million in projects to boost decentralized gaming.

The platform is planning to drive more traffic to its NFT protocols and to build a Polygon network as a qualified blockchain for Web 3 transactions. Hence, this is one of the best options for HODL for the long term. 

Polkadot Is Not So Distant From The Limelight! 

Polkadot’s DOT price has seen terrific growth in 2021. Despite the heavy market crash, the project is still in profits of 3.1% year-to-date.  The sharded protocol is making groundwork that facilitates blockchain platforms to work together. The open-source protocol serves three specific objectives, Governance over the network, staking, and interoperability. 

Interestingly, Polkadot is currently the second biggest chain in terms of development activity after the Ethereum ecosystem. The first winner of the Polkadot’s parachain auctions Moonbeam has accomplished its second phase of the launch. As other winners are in line to complete their launch on the DOT ecosystem, the platform is optimistic about drawing more human capital. Hence, this is one of the promising assets to invest. 

Collectively, Polkadot and Polygon appear to be the best coins to purchase this bearish season. Two of these projects possess glorious features and work closely to develop more onto futuristic aspects such as gaming and interoperability.