Polygon is a famous cryptocurrency that has evolved to solve our existing blockchain technology limitations like Ethereum. Ethereum is one of the popular blockchain development platforms, but it has limitations. One of the significant limitations of the Ethereum blockchain is that it lacks portability.
Moreover, Ethereum can only process 30 transactions per second, and besides this, it is very much expensive while do transactions.
At the same time, Polygon can process more than 60 thousand transactions each second. Currently, Polygon hosts around 3000 decentralized applications on its platform.
Considering these facts, we could expect that Polygon has solid fundamentals and has strong potential to give a high return on investment. Currently, the price of Ethereum is around $2.09, and it is expected to increase rapidly in the coming years.
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What is the Polygon (MATIC) current price?
The current price of Polygon is lying at $2.09. Unlike other cryptos, the cost of Polygon is very much stable, so most people consider it is the must-have crypto on the portfolio. Since its lunch, it has given 36420.86 percent return to their investor. It has an all-time high of just $2.62; there is not much difference between the all-time high and the current price of the Polygon.
What is the projected inflation rate?
Inflation is another thing that everyone should consider while investing in crypto. Inflation is something that will decrease the value of your crypto or any other asset over a year. Inflation is the broad term to measure the increasing cost of the country.
If you buy a hundred Polygon today, it is not necessary that the value of Polygon will be the same after ten years. So, it is necessary to purchase assets with a good return on investment. The average inflation is somewhere around 5% percent, so make sure to consider the inflation rate and adjust with the return on investment before investing.
Polygon Current market cap
The current market capitalization of Polygon is $14,389,682,509. Similarly, there is 6.8 billion Polygon in circulation, making it the 35th largest cryptocurrency on the market.
Moreover, the average 24-hour trading volume of Polygon is $500 million, and this makes it one of the highly traded cryptos on the market.
Polygon coin price prediction 2023
Polygon is non-mineable crypto meaning it cannot be mined like Bitcoin or any other similar crypto as a crypto polygon has massive demand in the market.
It ranks among the 36 largest cryptos with a market cap of $14 billion. In 2020 the price of Polygon was hiked by 165%, reaching an all-time high of $2.68.
In the coming years, we can quickly expect the price around $5, and it has excellent potential to be $5 in the coming year. Thanks to the investor that have been holding their investment on the platform.
Polygon price prediction 2024
If the crypto product receives the same adoption as they are now, Polygon would be one of the best coins to buy. As we have already talked about, some limitations of the current blockchain and Polygon play a vital role in the new decentralized application to overcome these limitations.
The average return of 25% per year Polygon will surely touch an all-time high of $8 by 2025. If it receives the same number of investors on its platform, there is a high chance to break its all-time high of $2.62. It is expected to reach $5 by 2023, and it will surely hit $8 by 2025.
Polygon price prediction 2030
When it comes to long-term price prediction, it is necessary to look at the fundamental of the company rather than the technical. Fundamental analysis will help us analyze the company from the inside, and it will also allow us to predict prices very precisely. Here are some basic things to know about Polygon.
Polygon (MATIC) Network team
A group of three software developers developed Polygon in 2017 in India. Earlier, Polygon was named Matic, but later the trio changed the name to Polygon. It was developed by three software developers Jayanti Kanani, Sandeep railway, and Anurag Arjun. Besides this, there are many big-name including coinbase founder and Ethereum co-founder, etc.
Investors
Polygon is backed by some big investors like Sequoia capital India steady view capital and many smaller investors. This is why the Polygon is considered safe when investing in crypto. There is a meager chance of default from investors creating a secure investment place for the retail investor.
Technology used
Polygon was developed to overcome the existing limitation of the Ethereum-based blockchain. As mentioned earlier, Polygon can process up to 65000 transactions each second and provides portability to connect with Ethereum-based applications. These are some of the significant features of Polygon.
Conclusion
Polygon (MATIC) is one of the famous names on the crypto market with appealing features and technology. There’s no doubt polygon is one of the best cryptos to invest in. Thanks to the technology behind the Polygon and stability even during the dip.
We predicted 2023, 2025, and 200. It is tough to predict the price, especially crypto. Crypto is very much volatile compared to the stock market or other assets. So, investing in it without knowledge could have a loss. So, it is necessary to do proper research and finding before investing in any crypto.
