Why I chose Polygon MATIC
Aims to provide solutions - This is one of the main reasons why I chose MATIC. Polygon Matic aims to provide solutions to ethereum and many blockchain projects as well. Polygon was built to provide the much-needed scaling solutions to the ethereum network. Also, it aims to transform Ethereum into a full-fledged multi-chain system. This is one of the things I look out for when choosing any project to invest in. Being able to provide solutions is a great way to stand out and have usecases which is in turn help increases the value of the coin in the long term.
Prices is still below its all-time high - This is another factor that key to making my investment decision. When a solid project like polygon MATIC is still way below its previous all-time-high, it is a great investment opputunity in my opinion because when it reaches its all-time-high in the nearest future, my investment will be in a very good profit.
Solid team - The project team is a very important factor that I look out for before investing in any cryptocurrency. This is important because a project team can make or break a project with great potential. Some projects have great potential but not a great team, which hinders the growth and adoption of the project. Polygon MATIC has an amazing team of highly skilled professionals who are working continuously to provide innovative solutions in the crypto space.
Large community on social media - This is another factor that I consider before making my investment decisions. This is important because a project with a large community on social media would have a lot of attention and exposure that can help increase the value of the project. Polygon has over 535k followers on Twitter which means a lot of eyeballs on the project. They are also active on telegram, discord, youtube, Reddit etc. The more people who know about the project, the more user base, which in turn increases the value of the project and drive the price up.
Quality features - This is super important for me because the features helps to know what makes the project stand out and what they offer. The quality features on polygon was a big factor why I chose to invest in the project. Some of the key features of polygon are;
- ETH Compatibility
- Scalability
- Security
- Sovereignty
- Interoperability
- Modularity
- User Experience
- Developer Experience
Polygon MATIC Market Capitalization
At the moment, Polygon MATIC has a market capitalization of $6,412,435,961 and a fully diluted market capitalization of $7,974,230,659. It has a The currency price is $1.01 with a circulating supply of 6.41 Billion MATIC.
Polygon MATIC rankings
At the moment, Polygon MATIC is ranked 17th on the coinmarketcap and coingecko platforms. With a current marketcap of $6,412,435,961, there is still a lot of room for growth for MATIC. With the potentials and solutions that polygon brings, there is no doubt that polygon MATIC will be much higher up in rankings and has the potential of being a top 10 cryptocurrency in the nearest future.
Project Objective
The main objective of Polygon which is simply a well-structured and easy to use platform is to provide solutions to the ethereum blockchain and for scaling ethereum as well as infrastructure development. Also, Polygon MATIC prides itself as ethereum’s internet of blockchains. Polygon network is a Layer 2 scaling solution with the goal of providing solutions to scalability issues of many blockchains. The polygon platform consists of main components such as Polygon SDK which is basically a modular and flexible framework that provides the ability for different applications development.
Polygon - Team
Polygon is a blockchain and cryptocurrency project that was launched about four years ago, back in 2017. The project was founded by three professionals, it was co-founded by Jaynti Kanani, an experienced blockchain developer, Sandeep Nailwal, also an experienced blockchain developer, and Anurag Arjun, a business consultant. The project team consists of highly-skilled professionals and advisors who share the same goal of the polygon project.
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Project Roadmap
Polygon MATIC project has done well to deliver according to their promises. Polygon MATIC is a fully functional platform that aims to solve ethereum's scalability issues and also provide solutions to other blockchains.
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Purpose of MATIC
MATIC token is a utility token that powers the polygon network. It is an ERC-20 token that serves as the gateway to a Multi-Chain Ethereum. The main purpose of MATIC token is for transaction fees on the network and also staking which a way of securing the polygon network.
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