Here’s why the prices of Ethereum and Polygon could soar, outpacing top cryptocurrencies in 2024.

The cryptocurrency market has witnessed the emergence of various altcoins, which have established a strong presence in the sector. Recently, we have seen the AI ​​space gain more attention. Therefore, it is believed that some sectors in the cryptocurrency space, including AI, RWA, DeFi, etc., may thrive and dominate the market in the coming years.

At the same time, the Ethereum and Polygon networks are growing stronger regardless of the price fluctuations of their respective native tokens, ETH and MATIC. Interestingly, these networks could become the main foundation for the RWA project, which is considered the future of the cryptocurrency space. According to the report, Ethereum and Polygon host nearly 50% of all RWA or real asset projects across all blockchains.

Ethereum has been home to smart contracts, decentralized finance, NFTs, and more, and numerous projects have grown on the network. Meanwhile, Polygon’s large user base, relevance, and popularity helped the network gain massive adoption, which led to RWA adoption. However, other networks are also working hard to gain the upper hand, and Ethereum & Polygon have built a strong foundation.

How will this affect ETH and MATIC prices?

The growth in value of a native token generally depends on the strength and activity of the chain. As interaction across the network increases, traders become optimistic about the future of the token. This in turn can increase buying pressure, which can have a positive impact on future values. ETH and MATIC prices are expected to rise in the second half of 2024 due to the resurgence of AI and RWA projects.