what is polygon stock

Is Polygon a good investment?

Is Polygon a Good Long-Term Investment? Polygon is just as volatile as you would expect any other cryptocurrency to be. Its developers might have bigger plans for the future, but there is no way to ensure that other blockchain networks or Ethereum itself would not cause a decline in the coin's popularity and worth.

What is Polygon worth?

Value statisticsPrice to USD$ 0.5036Rank2024h volume$ 892.42 millionMarket cap$ 4.03 billionFully diluted market cap$ 5.04 billion2 more rows

What is Polygon crypto used for?

The Polygon platform, powered by the MATIC token, was launched to connect and grow Ethereum-compatible projects and blockchains. MATIC tokens are used to govern and secure the Polygon network and pay transaction fees.

What are Polygon coins worth?

$0.4918 per MATICThe current price is $0.4918 per MATIC. Polygon is 83.16% below the all time high of $2.92. The current circulating supply is 8,001,489,374.62 MATIC.

Is Polygon a coin?

Polygon has its own cryptocurrency, called MATIC, which is used to pay fees on the Polygon network, for staking, and for governance (which means that MATIC holders get to vote on changes to Polygon). You can also buy and sell MATIC via Coinbase and other exchanges.

Is Polygon a Binance?

You can trade Polygon Matic for 300+ cryptocurrencies on Binance's industry-leading, fast, and secure trading platform. Binance offers many trading pairs for Polygon Matic trading to meet your needs.

Is Polygon better than Ethereum?

Architecture, Consensus, scalability, and transaction speeds are the main criteria based on which the blockchain platforms will be differentiated. While the Ethereum platform is more about the features and security, Solana and Polygon are more about affordable rates, faster speeds, and scalability.

Should I use Polygon or Ethereum?

Polygon is the best blockchain to launch an NFT project with high-frequency and low-value transactions. On the other hand, ETH is the best blockchain NFT project with low frequency and high-value transactions. Hence if you are launching between 7,000 to 10,000 NFT arts, I'll suggest you consider launching on Polygon.

Does Polygon have a future?

Polygon (MATIC) Price Prediction 2024 MATIC's value may continue to grow due to the efforts of the network's developers and community investors. Therefore, for the year 2024, the estimated trend is bullish. MATIC is expected to hit a maximum rate of $9.55 by the end of 2024.

How many Polygon crypto are there?

4,952,830,774 Polygon coinsHow Many Polygon Coins Are There? There are currently 4,952,830,774 Polygon coins circulating out of a max supply of 10,000,000,000.

Is there a cap to Polygon Crypto?

The maximum supply of polygon tokens is 10,000,000,000, and 8 billion, or 80%, are in circulation, according to CoinMarketCap. Polygon has burned, or removed from circulation, 650,000 coins since a January upgrade on its mainnet.

How do I invest in Polygon Crypto?

How to buy PolygonCreate a Coinbase account. Download the Coinbase app and start the sign up process. ... Add a payment method. Tap on the payment method box and connect a payment method. ... Start a trade. Press. ... Select Polygon from the list of assets. ... Enter the amount you want to buy. ... Finalize your purchase.