Top Reasons To Buy And Hold Polygon (MATIC), Arbitrum (ARB), and Optimism (OP)
The next few weeks will be crucial for investors and may drive a wedge between those who ace the bull market and those who will drown in losses.
Bitcoin price recovered from a major crash below $50,000 last week as investors welcomed the Fed’s signal for interest rate cuts, and altcoins rebounded with ETH in the lead.
Top Reasons To Buy And Hold Polygon, Arbitrum and Optimism
The next few weeks will be crucial for investors and may drive a wedge between those who ace the bull market and those who will drown in losses. For that reason, investors must be vigilant and cautious with their actions heading into Q4. The last quarter of the year tends to be bullish for crypto prices, giving people a chance to recover from unrealized losses. The rally that took BTC price to all-time highs in March 2024 commenced in Q4 2023 as optimism for spot ETF approvals surged.
This article will explore why investors should buy and hold Polygon, Arbitrum, and Optimism—some of the leading Ethereum layer 2 scaling projects. Polygon is the largest token among the three, boasting $4.76 billion in market cap, followed by Arbitrum with $2 billion and Optimism with $1.8 billion.
Polygon’s Positive Network Growth and Token Rebrand
Polygon is a top layer 2 Ethereum scaling protocol. It is valued at $0.5132 on CoinGecko after growing 22.6% weekly. However, due to profit-taking, MATIC rolled back 4% in the last 24 hours.
Several factors prop MATIC price as an altcoin to buy and hold starting now for commendable gains in Q4. Key among them is the upcoming rebrand of MATIC to POL. The new token will be utilized for gas payment and staking during the initial stages but will play a crucial role in the AggLayer. According to the Polygon official blog, the migration will take place on September 4.
The transition to POL is expected to make the Polygon attractive to investors, making it worth buying and holding. On-chain data from Santiment reveals a gigantic spike in newly created addresses from only 6 on August 17 to 97 on August 7, implying rising demand for the token MATIC.
2. Arbitrum Staking Growth
Arbitrum is a Layer 2 scaling solution for Ethereum, just like Polygon. It’s renowned for its high throughput and low transaction fees.
The protocol boasts a unique design known as Optimistic Rollups, which ensures security and compatibility with the larger Ethereum ecosystem. Arbitrum has, since its inception, become a popular choice for developers and users seeking faster and more affordable transactions.
The native ARB token is valued at $0.5915. Following last week’s rally, ARB price pulled back from $0.6339 but maintained an 11% gain in seven days.
Investors show growing interest in Arbitrum, reflected by the spike in its decentralized finance (DeFi) market’s TVL to $2.83 billion from $2.4 billion in early August, Defi Llama shows. An increase in TVL shrinks the potential selling pressure, allowing the ARB price to rally.
3. Optimism Soaring Profitability
The above is the detailed content of Top Reasons To Buy And Hold Polygon (MATIC), Arbitrum (ARB), and Optimism (OP). For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics











Polygon has recorded a notable increase in on-chain activity despite the bearish flip in crypto that has sent MATIC plummeting.

According to a previous Polygon Labs update, the upcoming upgrade will replace the existing MATIC token with a new POL token on Wednesday

After a year of extensive community discussions, Polygon developers announced that the migration of its MATIC token to POL was live.

The cryptocurrency market is bustling with significant price movements, capturing the attention of traders. AERGO has seen a notable 25% rise following Binance’s introduction of perpetual contracts for the token. Similarly, Arbitrum is enjoying an up

Polygon price continued rising this week, helped by the strong performance of Polymarket and Pokemon Cards. Polygon (POL) rose to a high of $0.4200

Polygon's native token POL (ex-MATIC) nabbed significant investor attention on Friday as crypto exchange behemoth Binance issued a vital announcement.

Have you ever wondered what makes certain cryptocurrencies stand out in the market? Qubetics, a promising new player in the blockchain space, offers

The popular layer-2 scaling solution for Ethereum, Polygon (MATIC), has made headlines with a groundbreaking update: the transition from its long-standing MATIC token to a new digital asset, POL.