Is Polygon a good investment? Many crypto traders usually ask this question today. As a result, we’ve written this article to assist you. Polygon, formerly known as the Matic Network, was developed to help Ethereum expand and enhance its infrastructure.
It is an Indian currency that aims to make Ethereum blockchain transactions cheaper and faster. Whether you’re new to the realm of decentralized finance and hence to MATIC and Defi currencies, you may be thinking if Polygon is a solid investment or if MATIC is a better option.
Several analysts and professionals say Polygon (MATIC) is likely an excellent investment based on fundamental and technical research. Investing in Polygon as one of the most acceptable high-yield assets is one of the best options you could offer make.
Since January 1, 2021, MATIC has grown significantly as the new coin that powers Polygon. MATIC achieving an all-time high of $2.68 in the first six months of 2021 is essential to prove that the virtual currency is not slowing down.
This is according to a detailed analysis of its pricing history. This is the primary reason many analysts believe MATIC has a lot of space to expand. It is due to Ethereum’s continuous growth, allowing Polygon, its issuing authority, to remain relevant as a layer-2 scaling option.
What is a Polygon?
Polygon is one of the most prominent scaling solution protocols in the decentralized financial realm. MATIC, the company’s new token, is the 16th most valuable digital asset by market value, behind only Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Cardano (ADA), and Binance Coin (BNB).
The Polygon protocol relies on MATIC to power transactions. Polygon is a well-structured layer-2 scalable technology platform that enhances the running of decentralized financial apps on the Ethereum Network. It got introduced in October 2017.
Besides that, Polygon may also get used to designing infrastructure. Polygon comprises The Polygon Team and MATIC, founded by Sandeep Naiiwal, Anurag Arjun, and Jayanti Kanani.
Vitalik Buterin decided to take cryptocurrencies one step further, following Bitcoin, Litecoin, Dogecoin, Dash, and Ethereum. On his blockchain, he allowed intelligent contracts, allowing for the building of decentralized apps (DAPPS).
Because the DAPPS got built on Ethereum, they were subjected to relatively sluggish processing rates like Ether (ETH). Polygon’s primary goal is to encourage the widespread use of cryptocurrencies by finding a long-term solution to the scalability issues that plague Ethereum and other blockchains.
Most developers have merged their DAPPS with the Polygon Network. This is due to the surge in the number of users on Ethereum. It is one of the key reasons some analysts predict MATIC will soon become the following $100 billion cryptocurrencies.
This is also due to its role in leadership, staking, and transaction payment. Few think MATIC will ever overtake Ether (ETH) as the world’s second-largest digital asset.
Is Polygon a Good Investment?
Yes. Many crypto experts say that Polygon’s MATIC is an excellent investment since MATIC is the 16th most significant digital asset worldwide.
Polygon continues to be a famous scaling solution platform. This is true compared to other popular cryptocurrencies and decentralized finance (Defi) tokens. Despite MATIC’s ups and downs, experts believe that the stock’s price will rise enormously in the long run.
MATIC’s strong year-to-date (YTD) results will be one of the variables that will affect investing in the stock in 2022. You may be astonished to learn that MATIC has recovered 13,300 percent to those who sold the cryptocurrency at the right moment if you’re new to Polygon and its innovative coin.
MATIC started the year at $0.02 on January 1 and traded for a currency for $2.68 by the middle of May. MATIC has lost a significant amount of value due to the gloomy outlook of the cryptocurrency market in June, which rebounded in July.
Polygon is now trading at $1.99, or 25.75 percent of its all-time high. When the market crashes, unsophisticated (novice or inexperienced) investors interpret it as a warning sign and decide to sell their assets.
Some people also overlook the importance of starting an investing journey. This isn’t supposed to be the situation. This is because you’ll need to learn about crypto terminology, one of which is called an UPTREND.
According to Investopedia Cory Mitchell, when the general direction of a financial asset’s price movement is upward, it’s called an uptrend.
Is Polygon a Good Investment: More on an Uptrend?
High swing lows and higher swing highs make up the uptrend. MATIC plummeted to a new high low of $1.08 in June after hitting an all-time high of $2.68 in May.
With a lower price than rival cryptocurrencies and rising investor interest, as seen by daily trading volumes of over $700 million, some experts predict MATIC will rocket past its all-time high price by the end of 2022, bringing greater returns to long-term investors.
According to experts’ projections, the Polygon will reach $5 to $10 by the end of 2022. The Polygon Team’s significant drivers are the continued boom from 2021, the nurturing of collaborations, and the introduction of new products.
Polygon’s MATIC gets expected to attract a trading price of $20 to $50 in the long run (2023-2025). According to expert estimates, investing in Polygon before the end of 2021 might provide returns of at least 740.336 percent in the near run and 4,101.68 percent in the long term.
Since the beginning of Polygon’s trading history, the return on investment (ROI) has been 44,008.48 percent. With such data in hand, the expected projections may get tested.
How to Start Polygon Investing
To begin investing in Polygon, you must first register with an online exchange that allows you to purchase and sell MATIC. An exchange is a platform that enables users to trade cryptocurrencies for other assets such as fiat and digital money.
The Financial Conduct Authority (FCA) declared in the last week of June 2021 that Binance, the world’s biggest cryptocurrency exchange, cannot engage in any regulated activity in the United Kingdom.
The regulatory authority went on to warn doubters about the risks of investing in MATIC and other cryptos based on marketing promising huge returns on crypto assets.
Consequently, millions of individuals have begun to wonder what cryptocurrency platform would allow them to invest in Polygon and other crypto trading assets without running afoul of the law.
We want to propose eToro as an exchange that can efficiently and reliably keep your cash. Founded in 2006, eToro is the premier social trading and investment platform.
The company’s registered offices are in the United Kingdom, the United States, Australia, Israel, and Cyprus. And it continues to deliver essential services. EToro has been operating without problem over the last 15 years.
If you complete the procedures below to the letter, you will purchase your Polygon.
Set up an Etoro account
The first step is to set up an account. You may do so by entering your complete legal name, email, and residence address, as well as a phone number. It’s important to know that eToro will first validate your email address and phone number. As a result, double-check those particulars.
Verify your account
The next step is to double-check your account. As part of legal standards, Etoro will ask you to present a government-issued identity card that verifies the information you provide during the signup process. ID Cards are having your signature imprinted on them typically speeds up the verification procedure.
Deposit into your accounts.
The final step is to use one of eToro’s many payment methods. This includes PayPal, Skrill, Credit/Debit Cards, Neteller, Rapid Transfer, iDEAL, Klarna/Sofort Banking, Bank Transfer, and Online Banking. You may upload fiat cash in the EUR, USD, or GBP format based on the amount of money you’ve put aside to risk.
Go to the MATIC page for Polygon.
You may get many MATIC on this website that fit your budget. Your payment will be processed and credited to your account.
Frequently Asked Questions
Is Polygon a good investment?
Yes. Many crypto experts say that Polygon’s MATIC is an excellent investment since MATIC is the 16th most significant digital asset worldwide. Also, Polygon continues to be one of the most popular scaling solution platforms.
In 2025, how much will a polygon be worth?
Experts estimate that the innovative Polygon token might get traded for a coin at an expected value of $8.628. By the end of 2025, the lowest possible price will be $8.094, and the highest reasonable fee will be $9.149.
Is Polygon a secure platform?
Polygon is secure. According to the company’s official website, modular security is a service. And this is either given by Ethereum or a group of expert validators. It is automatically protected since it gets based on Ethereum.
To obtain control of the network, hackers will need to gain more than 50% of the processing power. This is why projects like Polymarket, Aavegotchi, Decentral Games, SportX, Easy, and Neon District are still running on Polygon. You may rely on its layer 2 solutions to grow your application or blockchain.
Is Polygon’s Matic doomed to fail in 2022?
NO. In 2022, Polygon’s MATIC will not get shut down. Whatever occurs, there will be bullish bursts and bearish seasons, like with other digital assets. Polygon had shown a lot of resilience in the cryptocurrency market since it failed to follow Bitcoin’s price trends when the first significant fall of 2021 happened in May.
In conclusion, Polygon provides an excellent earning potential for many crypto traders. And if you are among those who usually ask is Polygon a good investment, the tips above will be indispensable for you.
I am Lavinia by name and a financial expert with having a degree in finance from the University of Chicago. In my blog, I help people to educate by making wise choices regarding personal investment, basic banking, credit and debit card, business education, real estate, insurance, expenditures, etc.