Why should you invest in Polygon (MATIC)?
Polygon is Ethereum’s scaling solution. Users benefit from Ethereum, such as top-tier security, but faster and cheaper. Furthermore, the Polygon ecosystem is working on play-to-earn games and NFTs. The success and development of NFT and gaming firms might cause MATIC’s price to reach new highs in 2022.
What is Polygon (MATIC)?
Polygon (MATIC) is an Ethereum token that fuels the Polygon Network, a platform and framework for creating and linking Ethereum-compatible blockchain networks. Polygon is a Layer-2 solution designed to help the Ethereum network expand and operate more efficiently.
Polygon Network was founded in October 2017 by CEO Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, following a whitepaper on the Plasma framework by Vitalik Buterin and Joseph Poon. The MATIC token pays transaction fees and participates in the proof-of-stake consensus algorithm.
Why Invest in Polygon (MATIC)?
Polygon Network’s active workers have created first-of-their-kind interface libraries. These are tools that aid in the development of programs and the implementation of user interfaces. In the first half of 2019, the network also released a one-of-a-kind MATIC coin to the public.
- MATIC enables decentralised exchanges to provide their users with quick and low-cost trading. Integration with MATIC accelerates these transfers, increasing their reliability and security.
- It strengthens gaming networks, increasing their transaction processing speed. Because all procedures in the game industry take place on the blockchain, they grow more reliant on Polygon Network.
- Personal data protection is another area of responsibility for Polygon Network, a blockchain scalability platform modified from Plasma.
- Users often make and receive payments in their preferred virtual currency using MATIC intelligent contracts, managing conversion via atomic swaps between cross-chain crypto assets.
- MATIC also serves as a platform for lending and credit scoring for retailers. Traders can determine the quality and credibility of their borrowers based on their transaction history, allowing them to lend tokens to people who have a greater probability of prompt payback.
Polygon (MATIC), a layer 2 scaling solution, and Cere Network, a decentralised data cloud platform, or DDC, have announced the launch of their joint venture Web3 media platform, DaVinci. Their stated mission is to secure the storage of non-fungible token (NFT)-backed assets while also ensuring verifiable and truly decentralised data.
“There is so much more that artists and fans are able to accomplish and access through DaVinci that realizes more of the potential of blockchain to the mainstream consumers. Artists and brands get more revenue from their unique content, while fans get better experiences and secure delivery of their assets.”
— Sandeep Nailwal, co-Founder of Polygon
Most crypto experts feel that MATIC will continue to gain traction in the long term since investors will likely pay more attention to it.
The average rate is expected to reach $5.68 in 2023, with a minimum of $5.29. The coin’s maximum trading value is estimated to be about $6.51 after that year.
Best Time to Invest in Polygon (MATIC)
Several analysts and professionals believe Polygon (MATIC) is a good investment based on fundamental and technical research. Investing in Polygon (MATIC) as a high-yielding asset is one of the smartest moves you can make.
Polygon recently closed a $450 million funding round led by Sequoia Capital India to expand its scaling solutions. Polygon was also chosen to launch a Web3 social media protocol developed by Aave, the DeFi lending platform.
Polygon’s value is projected to surge more as lack of supply encourages price increases. Polygon has a tremendous opportunity to soar to new heights in price.
Based on the technical analysis given above, the price of MATIC is expected to rise even further in the following days and weeks.
Its price might rise much more now that the negative trend line has been crossed. According to current indications, if MATIC can break over its present resistance level, it might hit $2.00.
Its value may rise in the following days. If Bitcoin maintains its upward trajectory and MATIC keeps its own steady pace, a new all-time high is possible.
Start Investing in Polygon (MATIC)
To begin trading and investing in MATIC and other cryptocurrencies, you must first open an account with a reputable cryptocurrency exchange. In India, a cryptocurrency exchange is a brokerage where BTC and other coins may be traded.
If you’re new to cryptocurrency trading, BuyUcoin is a reliable place to begin. BuyUcoin is a safe cryptocurrency exchange to buy, sell, and trade more than 150 different cryptocurrencies.
MATIC may also be acquired at BuyUcoin by linking your debit or credit card to your account using the Mobikwik Payment Gateway (we offer VISA, RUPay, and Mastercard).
Should You Invest in Polygon Right Now?
MATIC’s capacity to continually update and develop is a significant jewel in its crown. It has already established a PoS system and expects rapid development in the future years. The Polygon price forecast horizon indicates a promising future for MATIC.
Aside from adapting to the Plasma framework, the MATIC network seeks to provide off/side chain scaling options for blockchains. MATIC Foundation also aims to provide MATIC wallets, payment APIs and SDKs, goods, identity solutions, and other enabling solutions to help developers create, deploy, and migrate dapps based on base platforms like Ethereum.
At the end of 2022, the MATIC price is expected to achieve a high of $2.78.
MATIC Market Sentiment
MATIC might be a beneficial investment choice if you seek virtual currencies with a high return. On 2022–02–15, the price of the Polygon was $1.781. If you purchase Polygon now for $100, you will receive a total of 56.163 MATIC.
According to our projections, long-term growth is projected; the price prediction for 2027–02–13 is 10.166 US Dollars. Revenue is estimated to be about +470.8 per cent after a 5-year investment. In 2027, your present $100 investment might be worth up to $570.8.
According to the Polygon prediction price and technical analysis, the MATIC price is predicted to cross an average price level of $2.32 in 2022. The Polygon minimum price value is expected to be $2.25 by the end of the current year. Furthermore, MATIC has a maximum price level of $2.78.
At the end of 2022, the MATIC price is expected to reach a high of $2.78 and a low of $2.25.
MATIC may reach the $3 level in 2022 before continuing its upward path, according to TradingBeasts’ technical analysis. By the end of the year, MATIC’s average exchange rate might reach $5.
Final Thoughts
DeFi and the cryptocurrency industry as a whole are giving the global financial industry a sort of reboot. However, some bottlenecks are preventing the cryptocurrency industry from reaching its full potential. High gas prices and slow transaction speeds are the main culprits here, as these issues are to blame for a poor user experience. So, why is it so important to find a solution to these issues? If we do not address these issues, there will be no significant increase in the rate of DeFi and crypto adoption. The user experience of both decentralised applications and cryptocurrencies must be improved in order to increase their adoption rates.
Polygon (MATIC) is an excellent investment for any serious investor; the protocol has established itself as a leading Layer 2 scaling solution and is constantly innovating and acquiring new companies.