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Polygon (MATIC) Hits $0.90, Time To Buy Before Bullish Rally? – Crypto News

Published

1 year ago

December 26, 2023

Dripp

Polygon, a proof-of-stake (PoS) blockchain network is considered a safe and reliable alternative for Ethereum (ETH) trading.

Polygon (MATIC) is not your daily cryptocurrency, but offers transactional purposes and DeFi coins which power issuing blockchains and decentralized applications. The token was designed to battle the high Ethereum transaction fees, which reached an all-time high in 2021.

However, the existence of MATIC tokens and plans for investing in them is a question many still wonder. In this article, we’ll discuss the benefits of Polygon MATIC, and how this will affect the overall trading of any investor.

Is Polygon (MATIC) Investment Worth?

Unlike many other cryptocurrencies, Polygon MATIC comes with a diversification, which allows investors to enjoy a long-term store value, with limited supply. With Polygon, investors can enjoy low transaction fees compared to Ethereum and hence a much more favorable decentralized application.

Meanwhile, several analysts anticipate that the MATIC coin might witness substantial demands over the next couple of years as more Web3 applications appear. In addition, in recent cryptocurrency trading, Polygon MATIC is going to be very much in demand, at the forefront, giving diversification and strengthening your cryptocurrency portfolio.

Polygon, unlike Bitcoin, Litecoin, Dogecoin, Bitcoin Cash, and Dash, relies on its blockchains to process transactions without the need for intermediaries. Polygon is intended to streamline the relatively faster processing speed of decentralized applications on the Ethereum network.

Moreover, investing in Polygon is a good option, as it has several independent and active users, who continue to patronize the network which keeps the altcoin bullish, even if other cryptocurrencies witness a downfall trend.

The crypto could be beneficial as it has several partnerships, making the altcoin in demand. Standing by the name MATIC altcoin was designed as an alternative to Ethereum (ETH) cryptocurrency, but it turned out independently strong and gained independent credibility for investors.

Furthermore, the constant upgrades and efforts of Polygon to showcase best-in-class technology allow it to stand on its own merits, making it more convincing for investors to invest in the Polygon MATIC.

The best way to think about Polygon as an investment choice is to consider the fact that it makes everything on Ethereum run better, cheaper, or faster. It is one of the major reasons that many people like to describe Polygon as a “scalability solution” for Ethereum and plan their investments.

The crypto is riding a wave of excitement, bouncing back and giving its market cap a hefty boost. The reason for this constant boost is their recently announced partnerships and a new token, POL, under the ambitious Polygon 2.0 umbrella.

MATIC’s One-Week Market Stats

Highlighting the recent market position of MATIC price reported a positive comeback in the past few weeks. In the past few weeks, MATIC reached $0.80 and now strides to $0.90.

Notably, one of the reasons for the constant boost of Polygon in the crypto world is said to be the recent whale activities, making the crypto hit $0.90 for the first time since January.

Sentiment also observed that Polygon’s large wallets holding between 100,000 and 10 million MATIC have been accumulating over the past two weeks, further propping up the recent rally, in the coming weeks.