The live Polygon price today is $1.78 with a 24-hour trading volume of $1.12 billion. Polygon is up 10% in the last 24 hours. If you want to know more about Polygon, whether it’s a valuable investment, and the best places to buy Polygon, you’ve come to the right place.
Top places to buy Polygon now
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What is Polygon?
Polygon (formerly Matic Network) is a Layer 2 scaling solution that seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.
It combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by Vitalik Buterin allows for the easy execution of scalable and autonomous smart contracts.
Polygon is creating new features around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.
It boasts of up to 65,000 transactions per second on a single side chain, along with a block confirmation time of less than two seconds.
The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains.
Should I buy Polygon today?
Polygon could be a viable investment. Still, keep in mind cryptocurrencies are very volatile, even the largest ones by market cap. They are subject to wild, unpredictable price fluctuations in either direction.
Polygon price prediction
Crypto Predictions makes a positive short-term forecast. The price could go up to $1.8 this month; 1 MATIC is currently trading for $1.78.
In March, they expect Polygon’s value to surge. In July, it could go up to $1.9. We might see it climb to $1.94 in September and to $1.96 in October.
Polygon on social media
Interesting to compare the recent mega raises of the SC platforms:
Polygon – $450M
Solana – $314M
Avalanche – $230M
Numbers don't tell the whole story but directionally a good proxy for institutional interest
This makes sense to me, @0xPolygon has the most mainstream awareness
— Spencer Noon 🕛 (@spencernoon) February 7, 2022