Mark Cuban believes Polygon and Ethereum can outperform Bitcoin

The flow of institutional capital into altcoins continues to increase as interest in cryptocurrencies also gains momentum.

Specialists and large investors have sought, among cryptocurrencies, those that can surprise and present not only an appreciation, but also a proposal for growth and social change.

For crypto billionaire Mark Cuban, Polygon (MATIC) is one of those coins along with Ethereum (ETH). Both, he says, have the potential to outperform Bitcoin.

Cuban said that he prefers Ethereum and its scaling solution to Bitcoin, arguing that BTC is not an ideal store of value.

Regarding MATIC, the businessman pointed out that the cryptocurrency has been registering an increase in the inflow of institutional capital since 2021.

Brett Harrison, president of FTX.US, agrees with Mark Cuban. For him, Proof-of-Stake (PoS)-based ecosystems will dominate the market.

Ethereum Competitors

Harrison believes that altcoin prices could rise as Bitcoin dominance declines. Also, both the FTX president and Cuban highlighted that they are accumulating a lot of MATIC and ETH.

Despite this optimism, it is worth noting that scalability and congestion issues continue to plague the blockchain of the two cryptocurrencies.

Regarding the price of Polygon in particular, which has recently declined in value, analysts are not optimistic in the short term.

The analyst known as AltcoinSherpa, for example, believes that the MATIC price, in the short term, can only reverse its downtrend if it remains above the 200-day simple moving average.

FXStreet analysts believe that the price of MATIC could drop another 15%. This fall, according to them, would be the result of geopolitical problems, which can affect all cryptocurrencies.