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What is Polygon (Matic)

investing08 - 2024-03-14 07:07:06

*Polygon (Matic) is a solution of scalability to fix Ethereum scalability issues.


*Matic is a Polygon native's cryptocurrency, it runs on Ethereum blockchain with ERC-20 token.


*Polygon cryptocurrency known as Matic, which is used to pay fees on Polygon network like for staking and governance.


Founder of Polygon (Matic)


*Polygon (Matic) was launched in 2017 by four Mumbai based software engineer.


*Those four software engineer are Jaynti Kanani, Sandeep Nailwal, Anurag Arjun and Mihailo Bjelic.


Circulation of Polygon (Matic)


*As per now Polygon(Matic) has a total supply of 10,000,000,000 MATIC and now there are 9,899,143,329 MATIC tokens are circulating market.


*Matic is at 15th number of market cap among other cryptocurrencies in market.


Where you can buy Polygon (Matic)


*If anyone wants to invest in Polygon(Matic) they can just invest in many exchanges like- Binance, Bybit, OKx, CoinbaseExchange, HTX, Kucoin and Kraken.


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Technical and Future of Polygon(Matic)


*As I have shown below in my chart Matic has created a liquidity in April 2021 at level of 0.26$.


*Same has happened in June 2022 Matic came down at level of 0.316$
But did not take the previous liquidity level of 0.26$.


*So there are two major liquidity level are not filled yet and it's a high chance that Matic is going to take these liquidity level in next 2-3 months before going up to make new all time high .


*So any one want to invest just wait till that levels to get filled and the best buying opportunity will at level of now 0.25$.
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