The project, which began as the MATIC Network, was later renamed Polygon as its scope widened. Following the bear market, many astute investors began looking for the next great thing. MATIC Price seems to have crossed their mind. Nearly the last year, the coin has increased by over 10,000%.
$3 for Matic Price Soon?
Polygon appears to have survived the crypto meltdown on May 19th. Despite a 75% drop in the beginning. Polygon experienced a 230 percent increase in sales. To return to the $2.48 range, MATIC must close above the $1.74 level. After there, it’ll head to its all-time high price of $2.89. Polygon is now trading at $1.37 at the time of writing.
How and Why is Polygon a Better platform?
Growth has been significant.
After a spectacular surge in recent weeks, Matic is now the 15th largest cryptocurrency. The increase is due to a worldwide boom in Decentralised Finance (DeFi) apps. In the seven days leading up to May 17, the company added 75000 new users. This indicates to investors that Polygon’s solution is gaining traction and will continue to expand in the future. In the last three months, Polygon’s dominance across all social media platforms has increased by 636 percent. This indicates that investors are more interested in the currency than they have ever been.
Ethereums Internet of Blockchains
The exponential expansion of Polygon is due in part to the rise in popularity of the Ethereum network and the adoption of its blockchain. Polygon is gaining traction as a solution to some of the Ethereum blockchain’s problems, including high costs, poor user experience, and few transactions per minute. It is active in the most cutting-edge aspects of cryptocurrency, such as DeFi, DApps, DAOs, and NFTs.
Mark Cuban Backing and other Big collaborations
On May 25, billionaire investor Mark Cuban threw his support behind this Indian Blockchain startup. He announced that he had invested in Polygon, which can be seen on the portfolio section of his company’s website. Polygon has formed a partnership with Infosys Ltd’s consultancy division. M-Setu is the name of this partnership. Another significant Polygon collaboration is the Trace Network.
Polygon is now included in Google Cloud’s BigQuery’s 1TB offering. This means that BigQuery users can utilize Polygon to conduct queries. OKEx, the world’s largest cryptocurrency spot, and derivatives exchange has announced the integration of Polygon, which will enable more Ethereum-compatible apps to be built and connected.