3 reasons this crypto assets will explode in 2022, says trader Tom Busby

According to Busby, the first price catalyst for Polygon’s massive rally is its involvement with NFT, especially sport NFT.

“Polygon’s platform allows users to trade NFTs without having to pay hefty fees. I’m very bullish because of the sheer number of NFT  and gaming projects built on Polygon,”

Moreover, recently, Polygon also announced its partnership with GameOn Entertainment in order to build new NFT games in Polygon’s scaling platform. As part of the deal, Polygon is investing in GameOn’s product development costs.

“This made Polygon a step ahead of the rest of crypto in gaming. The partnership will allow GameOn to incorporate NFTs into its existing games as well as building new NFT-based games.”

Reason 2: A boost to Ethereum network

As the crypto KOL explains, as a layer-2 network, Polygon is designed to enhance the scalability and transaction speed of the Ethereumnetwork.

“Those using Ethereum know how big a problem Polygon is solving. This layer-2 solution is built on a proof-of-stake mechanism, which is much more energy-efficient than Ethereum’s current proof-of-work mechanism.”

For that reason, Polygon has garnered attention as the layer-2 network of choice among various high-profile projects. Currently, Sushiswap and Aave use Polygon’s network. And recently, it was also announced that Uniswapwould be joining this growing list of networks.

“As far as utility goes, Polygon is making a strong argument as the layer-2 network of choice among large-scale projects. Hence, it is perhaps not surprising to see it outperform its peers today.”

Reason 3: 21Shares annoucement

The last reasons is the new listings for the 21Shares ETP, an issuer of crypto exchange-traded products.

According to the trader, it would list the first product tied to the performance of Polygon on Euronext exchanges in both Paris and Amsterdam. The ETP will track Polygon’s MATIC token.