Bloomberg Reveals Crypto Outlook – MATIC Adoption, ETH To Outperform BTC

According to the latest reports, it seems that Bloomberg is revealing the crypto outlook for MATIC, BTC, and ETH adoption. Check out the latest reports below.

It’s been just revealed that Bloomberg Intelligence has released its official crypto outlook for the month of February.

The press organization was citing massive mainstream adoption of Polygon (MATIC) and forecasting the future of Ethereum’s performance relative to Bitcoin.

The new report covers the rise of Polygon, which is a layer-2 network designed to power crypto projects and scale Ethereum transactions.

“Of the entire worldwide blockchain economy, Polygon has the third-largest ecosystem for decentralized apps (dApps). Many of the most popular DeFi dApps on Ethereum, including Aave and Uniswap, have migrated over and are being developed on Polygon. Its 359 dApps is more than three times that of its closest L2 rival and half that of Ethereum. Additionally, the network has more developers than its closest alternative L1 rivals, Avalanche and Fantom.”

It’s also been revealed the fact that the report also highlights Polygon’s growing adoption by mainstream corporate giants, including Nike, Disney, Starbucks, Coca-Cola, Meta, and Reddit.

“Based on Polygon’s string of brand-name partnerships in 2H22, this year could be the year of mainstream NFT adoption. The explosion in active users on the network stemmed from several blockbuster corporate partnerships struck by the company behind the network, Polygon Technology.”

According to the latest reports, it seems that the Ethereum-based project SingularityNET (AGIX) managed to jump from a low of $0.16 to a high of $0.44 in just one week – a 175% increase.

As the inline pubcalition the Daily Hodl notes, SingularityNET is a blockchain-based marketplace for artificial intelligence services ranging from individual AI algorithms to standalone AI applications.

Stay tuned for more news from the crypto space and keep your eyes on the market.