• Emre Ata

Matic Network Offers Massive Scaling Offers (Matic Analysis) How to buy Polygon?

Matic Network Offers Massive Scaling Offers (Matic Analysis) How to buy Polygon?


Formerly known as the Matic Network, Polygon is a Layer 2 platform. The network aims to solve the scalability issues of Ethereum and improve the interoperability between its networks. Retaining the MATIC token, Polygon - which is an easy-to-use platform for Ethereum's scaling and infrastructure development. Polygon created Layer 2 for the development of Ethereum compatible and interoperable blockchain. Its framework enables developers to create sovereign blockchains with customizable functions. The network offers scalable consensus innovations. This means that Polygon is able to create enterprise-grade blockchain and enable cost-effective and near-instant transactions. Polygon chains can communicate with the main chain of Ethereum as well as with each other, as Polygon enables any message. It helps spur a range of new use cases, including dApps and exchanging values ​​between different networks. Matic Network Offers Massive Scaling Offers (Matic Analysis) How to buy Polygon?


Matic Network Offers Massive Scaling Offers (Matic Analysis) How to buy Polygon?
Matic Network Offers Massive Scaling Offers (Matic Analysis) How to buy Polygon?

What Makes Polygon So Special?


Polygon is one of the most innovative plans aimed at improving the scaling and interoperability of the blockchain. There are several key features that have contributed to the trend of the network and the great outlook for the analysts.


Will The Rate Reach $ 10?


MATIC tokens are used for a variety of purposes in the system, including paying gas fees and contributing to safety through staking. MATIC turned out to be one of the topmost liquid and largest cryptocurrencies by capitalization. When speculating about the future of the MATIC coin, it should be mentioned that the race for the first and most important interoperability is still ongoing. Polygon's competitors like Polkadot are also working diligently to bring their solutions to market.


The Polygon Shows Great Potential


Although the target price of $ 10 will not be reached overnight, the cryptocurrency is gradually trending upwards and gaining more attention from day traders and long-term investors.


MATIC is one of the potential cryptocurrencies this year. Since the beginning of 2021, the price of MATIC has seen many movements that are higher than the previous one. In addition, fluctuations follow immediately. In addition, some crypto analysts predict that 2022 will be altcoins season.


MATIC has a bright future ahead of it. Given the ongoing developments in MATIC as well as the overall crypto exchange, we may find that MATIC is reaching new heights. Additionally, the MATIC price prediction for 2021 is $ 1.70. As mentioned above, there could even be a new ATH if investors decide that MATIC is a good investment in 2021, along with trend cryptocurrencies like Ethereum. In addition, it has a chance to hit $ 3 for the latter part of this year as well.


Polygon's rebranding and new roadmap come at a time of increased strain on the main network, which has suffered from historic fee rates. For example, the average transaction fee broke over $ 20 per transfer last week. Many DApps are tempted to find Layer 2 solutions and have often turned to different forms of rollups.


At the moment, Polygon is looking for new talent so that the company can develop into a leading blockchain. It will be primarily focused on delivering decentralized apps with utility.


What Are The Advantages Of Polygon?


  • Thanks to the framework, Polygon can accommodate an unlimited number of decentralized apps - without the usual disadvantages of proof-of-work blockchains. In this way, Polygon significantly reduces gas charges and increases transaction speed at the same time. For comparison: Ethereum manages around 900 transactions per 60 seconds. With the Polygon, on the other hand, there are 7,000 transactions in the same period.

  • The big advantage here is that apps can easily switch to Polygon - without having to leave the Ethereum network. This is ensured by 100% compatibility with the Ethereum runtime environment. The success of Polygon since the beginning of the year shows how great the need for appropriate scaling issues is. MATIC was worth $ 0.020 on December 31 of last year - it's currently $ 2.30.


However, there are also risks associated with investing in Polygon. Because the competition around Polkadot is catching up more and more. At the same time, Polygon is only compatible with Ethereum today. Constant further development is urgently needed so that MATIC will perform in the future.


Every crypto investor has to decide for himself whether the opportunities outweigh the risks when investing in MATIC. In any case, the weighting should remain manageable. However, the current correction could be suitable for entry with a first tranche. Scaling Ethereum is urgently needed to truly become the smart platform of the future. ETH 2.0 could be a big step towards remaining competitive with the proof-of-stake. Since Polygon is only compatible with Ethereum, the level of development of the ETH must always be taken into account.


Matic believes that the answer to enabling broad adoption of blockchain lies in second-tier solutions that are geared towards scalability. For this purpose, the Matic offers massive scaling offers and at the same time uses the security and decentralization of the main chain.


MATIC Token Has Recently Enjoyed Great Popularity


At this point, you may be wondering why and how Polygon suddenly appreciated in value during a difficult time for the broader cryptocurrency world.


The Matic was renamed Polygon in February 2021 and became an interoperable blockchain platform. It processes secure and instant transactions powered by proof of stake side chains. It is one of the greatest solutions when it comes to making transactions on the network faster and cheaper. But the MATIC token has only recently enjoyed great trend and success, as Polygon has only recently become widespread.


If you are looking to buy MATIC make sure you understand the background of the platform and what you are actually getting yourself into. Polygon uses a variety of innovations to achieve this expanded vision, including;


  • POS Chain: Polygon's main chain is a sidechain known as the POS Chain, which adds a proof-of-stake layer of security to the blockchains.

  • Plasma Chains: Polygon uses a scaling innovation known as plasma to move assets between the main chain and child chains bridges.

  • ZK Rollups: A variant scaling used to bundle a large number of off-chain transfers into a transaction, using zero-knowledge proofs for the last record on the backbone.

  • Optimistic Rollups: A solution that runs on the network to enable near-instant transactions through the use of fraud proofs.


Polygon's shared security is completely optional; sovereign networks do not have to sacrifice independence or flexibility in favor of additional security when it is not needed. It also claims to be flexible enough to integrate any scalability - beyond the current plasma chains that are planned.


Should you buy MATIC now? Keep an eye on the $ 1 token


Given that MATIC's value has just dropped from $ 1 to $ 2.50 and back to around $ 1, then stagnated at around $ 1.30-1.50, we honestly recommend short-term traders said not to bet on a continuation of the momentum. However, this is still a huge difference in value when compared to last month's value when it was $ 0.35. So we see that it has actually grown and has the potential to do so again in the future.


Experienced investors with a long-term time period should access a price around the $ 1 mark. At this price point, buying MATIC is a wise investment given its long-term potential. However, investors should keep a tight risk and place a stop loss at around $ 0.90 and then consider another entry once the volatility subsides and the price stabilizes.


Conclusion


Despite all of this, Polygon has become one of the top cryptocurrencies in the world thanks to the downtrend in markets. As platforms recently added support for Polygon, only time will tell how much it can actually go in terms of value. Polygon was formerly known as the Matic and has risen in value, in part due to the adoption of its blockchain in non-fungible tokens and distributed finance. Despite the current high volatility that MATIC is facing, its future looks bright and only time will tell how far polygon innovation will develop our current cryptocurrency network.


How to buy Matic Polygon?



Author: Emre Ata Author LinkedIn


#Matic #Polygon #Cryptocurrency

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