POLYGON Token is another fast rising coin in the cryptocurrency market today. Polygon token has seen a surge in the past week which have had an effect on the popularity of the token in the crypto community. Many investors have decided to carry out some research on the token and evaluate the legitimacy of the project.
On this article, we are going to review POLYGON.
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What is the Polygon Network?
Polygon, formerly known and referred to as Matic Network, is a smart blockchain scalability platform and framework for connecting and building blockchain networks that are compatible with Ethereum.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
What is Polygon Matic Coin?
Polygon (MATIC) is an Ethereum token that powers the Polygon Network. It is a scaling solution for Ethereum. Polygon looks at providing faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain.
There are 6.33B MATIC in supply.
Pros and Cons of Polygon
Pros of POLYGON
- A lot of investors are ‘flocking’ to invest
- It is now listed on Coinbase
- They are fully decentralized
Cons of POLYGON
- The coin is still under development
- Multiple issues with its synchronizations between ledgers
Is POLYGON Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear and most have also given up.
According to research, POLYGON is not a scam coin. It has been listed on top cryptocurrency wallets like Blockchain, Binance and lots more.
Is Polygon better than Ethereum?
There are advantages of using Polygon/Matic sidechains, whether you’re a developer or the user. Developers that builds Ethereum decentralized apps and blockchains enjoys a far cheaper charge on Polygon/Matic. Also, using Ethereum-based DeFi, NFT, and gaming apps is faster and almost free.
Are polygons safe?
Some people might consider polygon to be a safe investment while others do not. Another obvious but positive point about Polygon is that over 350 apps are running on its network. As the network continues to run many decentralized apps, it will remain relevant for a very long time.
Does Polygon have gas fees?
Despite the conspicuous increase in Ethereum fees, polygon gas fees remain available to users.
Is Matic a good investment 2022?
MATIC is currently in the top 20 most popular cryptocurrencies by market capitalization value, with over $15 billion market cap. It is currently trading around $2 per token, and it has outperformed the general market in recent months. In January 2021, MATIC was trading for less than $0.02 per token. There have been a surge in the market value lately and the future looks promising for the token.
Will MATIC reach$ 100?
So far, the coin is performing well. There has been a tremendous increase of 30% in the price of the coin in the last couple of months. If the coin continues performing like this, by the end of 2022, the price of Polygon (MATIC) coin can get up to $2. And by the end of 2025, the coin price can reach or exceed $100.
Can you buy polygon on Coinbase?
Yes you can buy Polygon with the Coinbase app anywhere Coinbase is available as it has been listed and accepted by coinbase. The buying process is quick, easy, and secure.
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