MATIC vs BNB compare

MATIC vs BNB Comparison

Looking for cryptocurrency investment opportunities? BNB and MATIC present investors with a rare possibility. This article provides an in-depth MATIC vs BNB comparison. 

MATIC Overview

Formerly known as Matic Network, Polygon was started in 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. This new platform stands out because of its modular framework for creating various applications. It uses the proof-of-stake blockchain, resulting in its ability to achieve over 65,000 transactions per second. That is significantly faster than Ethereum. 

Recent data has shown that crypto whales have been buying hundreds of millions of dollars worth of tokens and altcoins, including MATIC. These investments could result in significant growth for this token. 

BNB Overview

Binance was launched in 2017 by Changpeng Zhao, and since then, it has become one of the largest cryptocurrency exchanges in existence. The goal of this exchange’s founders is to make financial activity involving cryptocurrency mainstream, and one can arguably say its founders achieved that goal. 

Binance’s unique advantage over other platforms is the dedication of its developers to improving the site. For this reason, investment into BNB has caused this token’s name recognition to increase tremendously. 

BNB is very useful as a token for Binance users, as they can stake it on the site and use it to generate passive income. Also, BNB can be used to reduce the cost of fees paid on Binance. 

Binance is constantly under threat from hackers, and they have taken appropriate measures to ensure the site is safe. These measures include adopting two-factor authentication, an improved wallet, and a secure asset fund. 

Polygon vs Binance Coin: Which Is Preferable?

MATIC vs BNB can be compared by the following parameters to see which is a more attractive option:

• Market capitalization: Even though Binance’s market cap is much higher, Polygon’s has been steadily growing, but it still has a long way to go to catch up.
• Transaction speed: Polygon can handle 65,000 transactions per second. Binance is many times faster, processing over one million transactions per second.
• References: Both platforms are reputable, and information about the ownership team is readily available. Investors have no reason to worry about getting ripped off if they invest in these coins. Additionally, Grayscale has expressed an interest in MATIC, which could see it rise to new values. However, Binance has the advantage of name recognition, becoming one of the world’s largest online trading platforms for cryptocurrency. So in the Polygon vs Binance Coin battle, the latter would probably often win.

A Quick Review of MATIC and BNB Live Price

MATIC and BNB are two of the coins that took off in 2021 and have since then retained value. Before 2021 MATIC was never very valuable. But interest in this coin in winter-spring generated a steady rise in prices, with two major peaks: $2.45 in May and $2.92 in December. However, the value has been on a decline since.

BNB went much higher in value than MATIC, jumping to over $200 in a matter of days in February 2021 and then coming down a bit when some investors cashed out. Those investors who exited the market early are likely regretting that decision, as in May it rose to over $690. Then followed a correction in price, but the coin managed to climb to $650 one more time in November. Since then, the price has seen a downtrend.

MATIC vs BNB: In Summary

In terms of getting a return on investment, BNB seems to be winning in this Polygon versus Binance Coin comparison. Its investors would see higher returns on their money. However, MATIC has much potential for growth as it stands to benefit from the expansion of decentralized finance, and major investors have expressed interest in it. Therefore, crypto investors would be well advised to invest in both of these tokens, as they have a lot of potential. 

There are storm clouds on the horizon for both tokens, though. Binance has run into a lot of regulatory trouble lately, with Malta, Japan, and Thailand recently notifying them that they have run afoul of financial regulations. MATIC also is threatened by increasing crypto regulations, as its low price makes it vulnerable to a crack up should regulations get out of hand.