There’s no Long run for Solana, Aptos, and Avalanche – Polygon Founder

Something that Solana, Aptos, and Avalanche have in not unusual is their declare that they’re the “Ethereum Killers”. The marketplace believed the ones claims right through the preliminary days of crypto. However the macro endure marketplace of 2022 has got rid of any weight from the ones claims. Solana, Aptos, and Avalanche – all 3 cryptos have long past via huge correction. And whilst Ethereum itself isn’t at an excellent position trades, it nonetheless is a ways greater in comparison to those 3 tokens.

Such statements had been echoed via Sandeep Nailwal, CEO of Polygon, who mentioned in his interview with Crypto Banter {that a} “layer-2 atmosphere” is not anything greater than a pipedream. He believes that there’ll handiest be a layer-1 – Ethereum on best of which layer-2 traits will happen.

When Crypto Banter requested if that suggests cryptos like Solana, Aptos, and Avalanche will lose their relevance over the years, Sandeep spoke back,

“Yeah, Yeah. When you see even now, everyone’s [been] there for the ultimate two years, and I don’t see any vital traction on any of those chains.”

Sandeep is terribly bullish on Ethereum as he added that there’s no cryptocurrency that has a possibility to compete with the OG Ethereum, a crypto that made application conceivable for cryptocurrencies.

Social Media Responses to Polygon Founder’s Phrases Aren’t Sort

Naturally, the social media reaction to Sandeep’s feedback has been lower than type. His bullish stance towards Solana particularly brought about many woes to social media customers who jokingly mentioned that “Pepsi’s Founder says Coca Cola has no long run.”

Many claimed that Sandeep’s feedback had been sour and biased and had been executed as a way to go away different tasks and sign up for Polygon. And because maximum Reddit feedback are hardly ever civil, there have been those that weren’t afraid to mention that Sandeep’s phrases reeked of lack of confidence.

Then again, there have been those that agreed with Sandeep’s observation and mentioned that he has a sensible overview of what’s recently happening out there.

That mentioned, this observation comes after the new layoffs right through which Polygon has got rid of 20% of its workers.

Those Forms of Statements Aren’t Just right for MATIC – Neighborhood Says

The group has no love misplaced for the MATIC mission, which has been at the leading edge of more than one decentralized programs and plenty of utilities within the cryptocurrency area. However that group isn’t unaware of the observation that Sandeep has just lately made.

One Reddit person that is going via Mr. OrdinaryBoy commented –

I’m now not keen on this. When your product supplies worth that different tasks dont, then you definitely dont want to communicate shit about different tasks.

This sort of speech could also be now not just right for MATIC, because it draws undesirable und needless attentions, esp from ppl with unhealthy intentions. Now we have noticed how LUNA was once beaten after Do Kwon talked shit always about different tasks in interviews.

Polygon has handiest 100 validators on the time of writing, which many says provides to the “centralized” side of this blockchain. The group’s response to the CEO’s phrases displays that the group desires the cryptocurrency area to paintings in combination by which there will have to now not be a query about “either-or”.

All tasks should paintings in combination. And making an allowance for the making an attempt situation Polygon is in at the moment, it’s not smart for its founder to talk in poor health about different cryptocurrency tasks.

Layoffs Because of Unhealthy Macroeconomic Prerequisites Can Harm Polygon within the Lengthy Run

Whilst the marketplace has proven some indicators of restoration this 12 months, the full sentiment is a ways from being bullish. Doubts towards the cryptocurrency marketplace are nonetheless prevalent – and Bitcoin’s contemporary failure to move the $25k mark hasn’t helped the marketplace both.

Seeing those bearish macroeconomic prerequisites, Polygon has determined to put off 20% of its personnel. The founder says that this is a determination he has focused on a heavy center, and it was once a vital transfer. He additional added that they’re operating to crystallize the methods to extend the blockchain adoption charge within the close to long run.

The Polygon value chart, on the other hand, tells a unique tale. The token has pulled again via 20% since ultimate week – which is most likely because of the new feedback and the lay-offs.

This value chart is obviously a testomony to the truth that one should watch their tone when commenting about different cryptocurrency tasks.

Polygon Possible choices

The new downturn is not anything new for Polygon. There are traits within the background that can push the MATIC value up. Then again, presale cryptos be offering a significantly better funding possibility for everybody concerned.

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