Consulting Giant: This Altcoin Can Be Teleported! There Are Great Partnerships

Consulting giant Fool has raised the bar on an altcoin project that has completed key global partnerships in recent months.

Fool analysts triple these altcoin targets

Consulting giant Fool has listed the developments that will bring the price of Polygon to $ 3 in a new article. Polygon was famous for making Ethereum transactions faster and more affordable. As a Layer-2 Blockchain, Polygon eases the workload of Ethereum. It completes this by transferring transactions to Ethereum at another date after completing the transactions on its own network. Developers prefer to build their applications on Polygon because of its compatibility with Ethereum.

A revolutionary upgrade

More and more developers are switching to Polygon right now. Known as the zero-knowledge Ethereum Virtual Machine (zkEVM), this new technology will enable developers who write code for applications on Ethereum to now take advantage of Polygon with very little additional work. With the introduction of zkEVMs, developers will now be able to migrate Ethereum smart contracts to Polygon without having to rewrite any code.

Additionally, the rollout of zkEVMs will reduce transaction fees by 90%. It will also increase speeds even more. Scheduled to launch in early 2023, zkEVMs will dramatically change the landscape of Ethereum’s scaling problem. Thus, it will consolidate Polygon’s leadership position in the field of crowded layer 2 solutions.

The growing list of partnerships of the altcoin project

Polygon’s flexibility and innovation are slowly being accepted by developers. But even better, companies are now realizing the potential of Blockchain. Just last year, Polygon formed partnerships with some of the world’s most important companies.

In May, Meta announced that they would be migrating to Polygon NFTs. Users on Facebook and Instagram will be able to link their digital wallets to their accounts and display their NFTs on the platforms. Polygon was one of four Blockchains selected as part of this integration.

Another important partnership that developed in 2022 was with the entertainment giant Disney. Each year, Disney nominates a group of members for Disney’s initiatives, which aim to partner with promising innovators who can benefit their future efforts. Disney’s quest to leverage Web3 and metaverse technologies led the company to include Polygon in the class of 2022. As a member, Polygon will receive time, funding and resources from Disney to further develop its cause. Disney’s ultimate goal is to form a partnership from investment. As Kriptokoin.com, we have discussed the details of the partnership in this article.

MATIC is currently trading just below the psychological threshold of $1. Its price has improved significantly this month as it touched $0.93 on Wednesday. Polygon’s daily DEX volume on October 26 also exceeded the volume of Binance Smart Chain by almost $10 million. Polygon also received support from BitPay during the week.