Ethereum vs Polygon: In Which Cryptocurrency to Invest in 2022?

The modern crypto market includes both well-established currencies like Ethereum and newcomer tokens that take the world by storm. Things in the digital coin universe change at a rapid pace, so acting at the right time is important — whether you’re exchanging BTC to ETH or MCO to NAS.

Polygon (MATIC) is among those promising crypto projects. But is it a better investment than ETH? Here’s a detailed Ethereum VS Polygon comparison with price predictions and other details traders will find valuable.

What Is Ethereum Cryptocurrency?

Ethereum began its journey in 2013, and the ETH token was launched the following year. Ethereum changed the crypto world with its new blockchain ecosystem. The programmable platform that allows dApp development was a revolution in the industry. Ethereum also allows the creation of smart contracts and other tokens on its blockchain.

ETH has a market cap of about $350 billion, and its value is around $3K. It reached an all-time high in 2021 at $4,891. Ethereum is now using the proof-of-work (PoW) consensus mechanism but plans a big upgrade and a transition to proof-of-stake (PoS) in Q3 2022.

Expert Predictions About Ethereum Price in Future

If you compare ETH’s current value of $3K with the $0.311 value it had at launch, the stunning growth becomes obvious. Although its current worth isn’t near the all-time high, it’s still the most valuable altcoin.

Most experts agree to put the ETH price prediction around the current value during 2022. The changes won’t be significant, but 2023 is when to expect a big break. Ethereum could reach $7,000 by the end of 2023 and even go over $8,000 the following year.

What Is Polygon Cryptocurrency?

Some know Polygon as the Matic Network, but this is the same platform. It’s also known as the Internet of Blockchain as it offers a multichain ecosystem. It is a layer 2 solution that focuses on the speed of transactions and scalability. 

The current MATIC price is around $1-1.5. Its all-time high occurred in December 2021, when Polygon was worth $2.92. The coin’s current market cap is about $10 billion.

Expert Predictions About Polygon Price in Future

Polygon cost $0.00263 at the point of launch in 2017. The growth to reach today’s $1.5 value is admirable. However, the crypto market is going through a tricky period, so MATIC probably won’t surpass its $2.92 all-time high during 2022. 

We could expect significant growth in 2023, however. Experts agree it could reach at least $3.5. Bold predictions even say that Polygon could be worth $3.9 by the end of 2023. If the overall crypto growth continues, that value will go to $5 in 2024 and over $6 in 2025.

Ethereum vs Polygon Comparison: Why Investment Potentials Are Different

There’s a connection between ETH and MATIC since Polygon offers a platform for scaling Ethereum. Check out the platform’s differences below:

  • Consensus mechanism. Ethereum uses PoW, which uses a lot of power and makes transactions pricey. The PoW mechanism is planned to change with the new upgrade, but MATIC offers a better choice until then. It uses the PoS method to ensure secure but less demanding transactions.
  • Faster transactions. Ethereum needs that upgrade since its transaction speed can’t compare with many other platforms. Polygon can handle up to 65,000 transactions per second, which makes it an apparent winner in this category.
  • Scalability. Polygon focuses on multichain and plasma-enabled sidechains to improve scalability. ETH puts all its hopes in the new upgrade.

If you want to trade ETH to MATIC, make sure to check the current values and find the best deal for the exchange.

What Crypto Should Be Your Investment Choice?

Despite the similarities, these two cryptos have different potential. In the Ethereum vs Polygon comparison, the former is more attractive for experienced investors and high-rollers. Although ETH is volatile, it’s shown long-term stability over the years. With the next upgrade around the corner, investing in Ethereum could be smart.

Price prediction experts believe Polygon will also have much success in the coming years. Beginner investors could choose MATIC since its value per coin is lower, so it might take a less significant investment. The choice comes down to your budget, investment strategy, and risk tolerance.

 

Hritik Verma: