Will Polygon (MATIC) Continue to Outperform Solana (SOL) In 2023?

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• Solana was severely impacted by FTX’s downfall this year.
• While, MATIC has covered a lot of ground through strategic partnerships this year.
• MATIC’s price in comparison to SOL’s suggests that MATIC will outperform SOL in 2023 as well.

Solana (SOL) was severely impacted by the downfall of FTX earlier this year. This, coupled with the sell pressure that the Ethereum-competitor experienced in this bear market has allowed competing altcoins to outperform it. One such altcoin is Polygon (MATIC).

This year has seen MATIC earn a position in the top 10 list of the biggest cryptos by market cap due to its numerous partnership announcements as well as the market’s excitement around Layer-2 solutions.

Meanwhile, this year has been a nightmare for the Solana network as the Solana blockchain experienced multiple outages. To determine if MATIC will continue to outperform SOL in 2023, it’s best to take a look at the medium-term timeframes of their respective trading charts.

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