Polygon network’s adoption of Web3 will likely attract new investors and traders, after a major deal that will improve customer experience. This will support the coin’s price to go up rapidly.
The price of Polygon (MATIC) has been moving up since 17th April. Today, the news that Polygon has launched ‘Supernet’ chains investing $100M and Stripe tapping Polygon to allow customers to make payments in USDC is likely to propel the price of $MATIC even higher.
To help investors and traders who want to invest in Polygon (MATIC), Invezz has created a brief article to identify the best places to buy it.
Best places to buy Polygon token
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What is Polygon (MATIC)?
Polygon (MATIC) is the native token of the Polygon blockchain network.
Polygon blockchain network was formerly known as the Matic network and it is Layer 2 scaling solution backed by Coinbase and Binance. It actively transforms Ethereum into a full-fledged multi-chain system and thus the reason why it is commonly referred to as the internet of blockchains.
Polygon is similar to Avalanche, Cosmos, and Polkadot with the only difference being that Polygon uses Ethereum’s security and has a more vibrant ecosystem. It combines the Plasma framework with a Proof-of-stake consensus mechanism to allow for the execution of scalable and autonomous smart contracts.
The key components of Polygon include the Polygon SDK, a flexible framework that supports the creation of different applications, and a modular.
Should I buy the Polygon token today?
If you want to invest in a cryptocurrency that is coming from a recent price drop, then Polygon (MATIC) coin could be a good choice.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
MATIC price prediction
Analysts believe Stripe’s deal to use Polygon for USDC payments could propel the price of $MATIC to above $2.0 by the end of the month.