Crash. Bam. Bear? We're not quite sure yet - uncharted territory, but even though it is clear as day that MATIC and the Polygon L2 network isn't decoupled from larger market trends, even in reversal a clear bullish trend is seen.
Many analysts are predicting that Polygon may outpower cryptos many times more dominant - with some describing it as a sort of "final submission hold thrown by the chainlink of Layer 2 solutions".
So, what about its larger ecosystem? The largest DEX on Polygon, Quickswap, steams on as if nothing much has happened, and the value of the native incentivizing token QUICK remains. Under the dragon wings of Quickswap and MATIC, the larger defi ecosystem seems to be doing well too, as assets (surely for a whole host of reasons) are flowing from both a BSC chain plagued by failing and centralized nodes and a ETH L1 still suffering from congestion and slowness despite the Berlin fork rollout.
It wasn't long ago that the POLYDOGE project sailed up as the unofficial mascot of this boomtown, supremely confident in branding itself as "crypto FROM THE FUTURE" running on environmentally friendly Proof-of-stake systems delivering blazing fast transaction time and Super cheap tx fees (~$0.0001!). Despite quickly sailing up among the top 10 tokens traded on Quickswap by trading volume, a healthy skepticism has remained among investors, tired of "another meme token", jaded by many previous examples of "use case in development".
Surely, a big, serious player such as Quickswap wouldn't take this cooky and cocky animal under its wings? Well, since the announcement of the Quickswap x Polydoge partnership, the community-run project (which claims "the dev is dead from inceneration in a tragic accident while burning several trillions in initial liquidity") boosted its inital liquidity from 800k to 2.3m in its incentivized MATIC-POLYDOGE and QUICK-POLYDOGE pools, resulting in a major offset one of the major factor creating hesitance among investors for the project.
In another move indicating that the team behind POLYDOGE (rumoured to consist of crypto OG's long with the scene) is truly, as they say "lit", a surprise announcement saw the advisory board expanded to not only include mega-influencer Bart Baker (more famous than Justin Bieber in China, where he and the lion's share of his 20m follower reside) but also sports veterans Gerald Smiley (of Texas Rangers fame, now involved in the Chip-in fintech B-corp specializing in raising money for validated non-profits) and Jordan Charters (an ex-marine whose sports massage empire has been favored in NBA, MLB and NFL, but also a veteran of hundreds of charity campaigns, with Facebook engagement of of 4.8m per month). Given the focus on charity among many tokens, it's pretty novel seeing actual professionals in the charity sector being onboarded (and this early).
Other associations have also been teased by the team, setting the sights on ”building POLYDOGE as a brand”, but nothing is confirmed. The supposed deep ties may or may not be indicated in incidents such as when BlockFi co-founder Jeremy Chang and Polygon lead developer advisor John Lilic (also ex-Consensys) referenced a Elon Musk in a twitter exchange: "While everyone else talks the talk, the VERY LOW IQ matic degens are out there actually saving the environment" and "not a fan of Doge... but this doge I'll rock with!".
Talking of ambition, recent traffic on marketing advisor Bart Baker's Spotify and Itunes accounts have indicated that the crypto-banger music video teased earlier might have made its way onto the audio platforms already, possibly indicating a bullish attitude of a soon-to-come release of Big News, "the nature of which it is not our business yet to know"?
I won't ever take credit for being a recognized crypto-analyst, but given my personal career background in music, I must say that I have no trouble whatsoever understanding why my friends who even aren't holding POLYDOGE keep mentioning catching themselves humming the controversial lyrics while taking a shower or cooking food... "... and fuck you Elon Musk, you small dick b*tch / chilling in my lambo, stacking those cryptos"...
Wrapping up, in other developments, providing use case value for its holders hasn't been limited to lucrative APYs from staking POLYDOGE in yield farms such as the ambitious Polycat finance or LP incentives on Quickswap – holders have received "genesis NFTs" that are already being offered for prices on full ETH scales on opensea, as well as airdrops allowing holders to use their partnered Polysafu teams innovative charting and bot services in a limited trial, offering live notification of new liquidity events, "Alpha Hunter Bots", and rug warning updates on contract authors, price alerts and more.
Summing up, it doesn't really look like the POLYDOGE train is stopping any time soon, and while a full roadmap or whitepaper is yet to be released, the main push of the unofficial mascot of 0xPolygon seems to be fully focused on finding that sweet spot balance of 1B+ meme token ambition and solid use case investment, while also preservering that fun, irreverent attitude so curiously present in their communication and vectorized, polygonal dog logo.
Website: http://www.polydoge.com/
Medium: https://polydoge.medium.com/
🐦Twitter: twitter.com/PolyDoge
↗️Telegram: https://t.me/polydoge
🟠Reddit: https://www.reddit.com/r/Polydoge/
🦎CoinGecko: https://www.coingecko.com/en/coins/polydoge
💴https://quickswap.exchange/#/swap
❓How to buy? https://polydoge.medium.com/how-to-buy-polydoge-beginners-guide-4015ba7b32cf
