Can “Polygon Matic” be a good crypto investment option in 2021?

A crypto craze is in the air, and these currencies are appearing as new gold for aspiring traders and investors. With Cryptocurrency trading in India and phenomenal returns generated from each trade and investment, there is no looking back. Polygon Matic is one such crypto that has a high possibility of surpassing the current price of $2.68 by the end of this year. As per market experts, it is estimated that this crypto might even reach $5 and set a benchmark. Now a question might arise, is it really good to invest or trade with such cryptocurrency? Here is the answer.

Polygon Matic – What kind of cryptocurrency is it?

According to companies specializing in Crypto exchange development, say – Polygon is a well-regulated currency based on the scalable Ethereum platform. At the core of it lies the Polygon SDK element which is a modular and flexible framework supporting and building multiple types of applications. Matic is actually the native token of Polygon and is an ERC20 token based on the Ethereum blockchain.

Polygon is basically an Ethereum setup that is created to bring an end to the problems that have been plaguing the Ethereum network for quite a time being. Matic tokens are best utilized for making payments and works as a settlement currency used between the crypto users operating in the Polygon ecosystem. The latest market statistic shows – the Matic token trading at $1.88 with a 24-hour trading volume of $1,283,651,241.

Can Polygon Matic be a good investment?

Polygon was created to solve the cropping issues associated with the Ethereum blockchain, and this cryptocurrency does have the potential to solve some of the major drawbacks of Ethereum like; delayed transactions, lack of community governance, and insufficient rate of buying and selling. With the rise of Cryptocurrency trading in India, a strong solution has to be put into place that could mend all the issues effortlessly.

Polygon Matic can be a good investment with a scalable blockchain and interoperability and there are several features that make it investment friendly, like –

·         In tune with Ethereum Virtual machine (EVM), rendering it useful for developers developing decentralized apps or dApps.

·         There is no additional security required and the Polygon security model is optional.

·         Polygon is flexible for offering different scalability solutions that can be incorporated seamlessly, and it includes Optimistic rollups and ZK-rollups as well. 

In the Polygon ecosystem, Matic tokens are best utilized to serve various purposes, which include paying gas fees and can offer security through staking. These tokens do have the potential to serve as the best investment tool, but it is also important to remember that the crypto market is volatile. The price of Matic tokens changes suddenly, so before investing in Polygon Matic it is important to consider this currency’s fundamentals and technical analysis before going ahead with the investment decision.

According to a Cryptocurrency exchange development service provider, the Polygon Matic can be a cryptocurrency with many potentials and a bright future lies ahead of it this year. With the evolving Matic ecosystem and the developments in the crypto markets, there is a high possibility that this currency will set new records.