HomePolygon is down 5% today: Is it time to buy Polygon now?

Polygon is down 5% today: Is it time to buy Polygon now?

Daniela Kirova

The live Polygon price today is just under $2 with a 24-hour trading volume of $1.37 billion. The coin has lost 4.97% in the last 24 hours. Want to know more about the promising crypto, including where to buy Polygon? Here are the top places to do that.   

Top places to buy Polygon now


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What is Polygon?

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, standalone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness. Polygon seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.

Should I buy Polygon today?

Most analysts are bullish on Polygon. It can be a promising investment.    

Polygon price prediction

Wallet Investor predicts the Polygon price can go up to $3.6 in one year. The long-term earning potential is 85% in one year if this forecast proves correct. In five years, the Polygon price will have topped $10 per 1 MATIC.

Polygon on social media

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