After the success of Coinbase’s web3 blockchain Base built on Optimism, Kraken is jumping into the pool and calling for help in building its own Layer 2 blockchain. Polygon is one of the contenders being considered. Could this push the Polygon price to new heights in 2024? And what other tokens should we be watching as the year comes to a close?
Polygon’s future looks bright as a potential collaboration with Kraken is considered
Although the news is still unofficial, Polygon, as well as Matter Labs and Nil Foundation, are some of the key partners to be considered for a collaboration to build a Layer 2 solution for Kraken.
Polygon is a solid choice due to its expertise in Ethereum scaling solutions like Polygon PoS and Polygon zkEVM. It also provides developer toolkits to build customized layer-2 blockchains, enabling the construction of a tailored solution with Kraken. Polygon’s proven layer-2 infrastructure and devkits for spin-up make it an ideal partner for this blockchain collaboration.
This could all prove bullish for Polygon’s price, which is already sitting at $0.92 at the time of writing. This is a 37% gain over the last 30 days.
Coincodex is predicting that MATIC will surpass the $1 mark within the next 30 days, to $1.02. Coinpedia is seeing a bullish 2024, predicting a range of prices from a low of $1.62 to a base case of $1.85 and a potential high of $2.08 within 2024.
If we take Coinpedia’s most bullish prediction, that would equate to a 92% increase from here. That’s impressive and makes Polygon a good asset for a diverse portfolio. But to make really big gains, a higher risk/reward part of the portfolio is required. That’s why some experts in the know are looking at a token predicted to rise by 1000% by the end of the year.
What is the potential 1,000% token the analysts are eyeing?
Usually, the only way to get really big gains is to go with a new token and/or a meme token. Meme Moguls comprises the best of both, and a bit more.
Imagine a place where memecoin fans could go and trade together, enjoy connecting, and swap alpha. All whilst playing games, earning tokens and NFTs and making money. That’s the vision that has inspired the Meme Moguls team to create their upcoming platform.
The platform will be powered with the utility token MGLS, which will be used for governance and various other things. Holders will be able to stake and receive passive income, as well as unlock special benefits.
The most important point for the moment though, is that MGLS is in the very first stage of the launch at $0.0019. As each presale stage comes to an end, the devs have said they will do a $10k giveaway. And by the end of the launch, the token is expected to be around $0.19 which is a 1000% gain. Meme coin experts then think the token could do a further 200% gain, blowing Polygon and other coins out of the water.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
