Polygon Price Prediction 2022

Polygon Price Prediction 2022
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Polygon Price Prediction 2022: The analysts are highly positive regarding Polygon (Matic) price for 2022. The average price prediction for 2022 is $2.53.

Polygon is a blockchain network that aims to increase the scalability of Ethereum by decreasing the transaction cost. It uses the PoS side chains connected to the root chain.

Polygon network formerly known as Matic network went live in the year 2017. It was developed by Jainti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjeli. In April 2019, the company raised $5.6 million and in February 2021, the developers of Matic Network changed the name of the project to Polygon

Polygon Price Prediction 2022: Technical Advantage of Polygon Network

Payment: With the integration of dApps, the Polygon network helps the settlement of payment whenever and wherever. MATIC provides APIs/SDKs for dapps, merchants, and users to instantly accept or pay in crypto assets. 

NFT Market Place: NFT marketplace seeking to reduce transaction costs will be willing to sacrifice security in part. Such a project would choose the Security Layer with its set of sharing validators.

Using Ethereum-based DeFi, NFT, and gaming apps is faster and almost free. Added to it minting NFTs is faster, involves near-zero gas fees, and works within a large Polygon-based NFT ecosystem.

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Polygon Price Prediction 2022: How the Coin Performed in 2021?

Polygon (Matic) coin saw a massive rise in 2021. On January 1st, 2021, Polygon was trading less than 10 cents. Polygon was priced at $0.01 on January 1st, 2021. On February 10th, Polygon coin for the first time hit $0.10 and in just about 2 and half months, Polygon (Matic) price breached $0.50.

Polygon was able to reach $1 on May 12, 2021, and just after 14 days of reaching $1 Polygon hit $2 for the first time. However, Polygon could not hold on to its ATH and started sliding down and in the last week of July 2021, Polygon went below $1 once again.

Polygon’s all-time high was $2.92 on December 27th, 2021 while the all-time was $0.003012 on May 9, 2019. Currently, the market cap of Polygon (Matic) coin is just over $13 B.

Since January 1st, 2021, Polygon (Matic) has risen around 9059% while in the same period BTC has gained 309%.

Polygon Price Prediction 2022

Polygon Price Prediction 2022

Date
Max
Average Polygon Price Prediction 2022
February 8th, 2022
$ 2.53
February 5th, 2022
$ 3.16
February 3rd, 2022
$ 1.98
February 5th 2022
$ 2.45

Track Daily Polygon Matic Price Prediction here

Polygon Price Prediction 2022: Where to Buy Polygon Matic?

There are multiple crypto exchanges offering Polygon MATIC tokens. Here are some of the best-known exchanges offering Polygon token tread:

  • Binance
  • BiONE
  • UniSwap
  • WhiteBIT
  • ZebPay
  • Coinbase Pro
  • Huobi Global
  • Hotbit

Polygon (Matic)’s Uniqueness (Coinmarketcap)

Polygon is self-described as a Layer 2 scaling solution, which means that the project doesn’t seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions.

Polygon uses a customized version of the Plasma framework which is built on proof-of-stake checkpoints that run through the Ethereum main chain. This unique technology allows each sidechain on Polygon to achieve up to 65,536 transactions per block.

Commercially, the sidechains of Polygon are structurally designed to support a variety of decentralized finance (DeFi) protocols available in the Ethereum ecosystem.

While Polygon currently supports only the Ethereum base chain, the network intends to extend support for additional base chains, based on community suggestions and consensus. This would make polygon an interoperable decentralized Layer 2 blockchain platform.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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