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 is a worthwhile investment and where is the best place to buy Polygon, you've come to the right place.
What is polygon?
Polygon (formerly Matic Network) is a Layer 2 scaling solution aimed at spurring mass adoption of cryptocurrencies by solving the scalability issues on many blockchains.
It combines the Plasma Framework and Proof-of-Stake blockchain architecture. The Plasma framework used by Polygon, proposed by Vitalik Buterin, allows for easy execution of scalable and autonomous smart contracts.
Polygon builds new capabilities around existing proven technology to expand the ability to meet the diverse needs of the developer ecosystem. Polygon will continue to develop the core technology so that it can be scaled to a larger ecosystem.
It boasts up to 65,000 transactions per second on a single sidechain, along with a block confirmation time of less than two seconds.
The Plasma framework gives Polygon the potential to house an unlimited number of decentralized applications on its infrastructure without experiencing the normal downsides common to proof-of-work blockchains.
Should I buy Polygon today?
Polygon could be a profitable investment. However, remember that cryptocurrencies are highly volatile, even the largest by market cap. They are subject to wild, unpredictable price swings in both directions.
Polygon price prediction
Crypto Predictions gives a positive short-term forecast. The price could rise to $1.8 this month; 1 MATIC is currently trading at $1.78.
Analysts expect Polygon's value to rise in March. It could rise to $1.9 in July. We could see it climbing to $1.94 in September and $1.96 in October.
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