This was in part due to the large-scale partnerships the cryptocurrency has announced during spring and summer of 2022 – namely, the ones with Coca-Cola and Disney – as well as further popularization of layer-2 scaling solutions. Instead of continuously decreasing in value, it managed to retain some key support levels and has even started rising again. Polygon has fared a lot better than many other cryptocurrencies during the 2022 bear market. In addition, tokens are used for payment services on Polygon and for settlements between users who work on the Polygon trading platform.Ĭheck out the video below for more information about the Polygon cryptocurrency’s features. MATIC, Polygon’s native token, is an ERC-20 token based on the Ethereum blockchain, meaning it can be stored in any Ethereum wallet, including Eidoo and MetaMask. For comparison, this indicator is equal to about 15 for Ethereum. The Polygon blockchain has the potential to process up to 7,200 transactions per second (TPS). It is an add-on over the second-largest cryptocurrency (in terms of market cap), which allows users to engage with the ETH blockchain without having to deal with high gas fees or low transaction speeds. The Polygon network offered a second-level solution - instead of conducting transactions directly on the Ethereum network, Polygon itself processes them first. The project aims to stimulate cryptocurrencies’ mass adoption by addressing the scalability issues experienced by many blockchains. Polygon intends to solve the problems associated with the Ethereum blockchain, such as high transaction fees and network congestion without sacrificing security.
#MATIC LIVE COIN WATCH SOFTWARE#
MATIC is a cryptocurrency of the Polygon network (formerly known as Matic Network), which was founded in 2017 by three Indian software engineers: Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. The average trading price is expected around $$1.10. The maximum level that the MATIC price can reach is $$1.23. Polygon Prediction Table Polygon Historical Polygon Price Prediction 2023Īccording to the technical analysis of Polygon prices expected in 2023, the minimum cost of Polygon will be $$1.07. What will be the price of Polygon in 2025?.
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