facebookEnjin Coin or Polygon (Matic) for long-term holding? - Seedly

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Anonymous

16 May 2021

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Cryptocurrency

Enjin Coin or Polygon (Matic) for long-term holding?

Enjin Coin or Polygon (Matic)

Discussion (1)

What are your thoughts?

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Hi Anon,

I would go for Polygon over Enjin. To me Enjin is a coin that only boomed because of the NFT hype, and I personally feel that this is not sustainable. On the other hand, Polygon is a pure scaling solution to make the Ethereum platform more scalable, efficient and eco-friendly. This is highly pertinent given the congestion of Ethereum's network and rising gas fees. Eventually when the NFT hype goes down, there will still be activity on Ethereum's network, which will give Polygon the chance to grow more, while Enjin may struggle instead. Just a disclaimer that I'm currently invested in MATIC, and this does not constitute any financial advice. Remember to DYODD!

Cheers!

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