What is the crypto currency Polygon (Polygon / MATIC)? Thorough commentary on future prospects, forecasts, and future prospects!

Polygon (MATIC) is Ethereum’s second layer network solution that aims to speed up transactions on the blockchain and reduce costs .

In the near future, the number of opportunities to use it is increasing due to the growing popularity of NFT and DeFi, and the market is paying attention.

In this article, we will explain the features of Polygon (MATIC) and changes in prices.

If you are interested in Polygon (MATIC) or are considering purchasing it, please refer to it.Summary of this article

  • Polygon (MATIC) is a network project that aims to become an Ethereum network and provides fast and low cost transactions.
  • It functions as the second chain of Ethereum and uses PoS.
  • Prices tend to fluctuate under the influence of increased demand for Ethereum due to increased demand for dApps.
  • In the future, prices are expected to rise due to the effects of further increases in demand, corporate alliances and progress in service development.
  • Polygon (MATIC) the time to buy Binance to buy a Crypto currency that has become a traded pair in the global exchanges, such as, recommend that you buy with remittance to overseas exchanges

When purchasing Polygon (MATIC), it is necessary to purchase a Crypto currency that will be a trading pair on a global exchange and then send it to an overseas exchange to purchase the Crypto currency.

When using exchanges, it is recommended to purchase with a Binance .

Binance has a lot of usage instructions and guidance, so even if you purchase Crypto currency for the first time, you will be able to use it smoothly.

\ No.1 in the number of application downloads /
Binance

  1. What is Polygon (MATIC)?
  2. Features of Polygon (MATIC)
    1. Aiming to be an alternative to Ethereum
    2. Providing a second layer network solution
    3. Uses PoS (Proof of Stake)
    4. Polygon’s own token (MATIC) exists
  3. Current price trends of Polygon (MATIC)
  4. Price transition of Polygon (MATIC) so far
    1. Prices are stagnant after listing in April 2019
    2. Soaring around May 2021
    3. Forming a range from around June 2021
  5. Points of price increase of Polygon (MATIC)
    1. Increased demand for Crypto currencies used in NFT and DeFi
    2. Announcement of alliances and joint development with companies
    3. Release of services using Polygon (MATIC)
  6. Upcoming outlook / forecast of Polygon (MATIC)
    1. Prices rise as demand for Ethereum increases
    2. Increased corporate alliances and purchases by companies
    3. Network development progresses and prices rise
  7. How to buy Polygon (MATIC)
    1. 1. Purchase a Crypto currency that is a trading pair of Polygon (MATIC) on a exchange
    2. 2. Send the Crypto currency purchased at the exchange to the exchange
    3. 3. Purchase Polygon (MATIC) at exchanges
  8. Summary of Crypto currency Polygon (MATIC)

What is Polygon (MATIC)?

Cryptocurrency namePolygon (MATIC)
symbolMATIC
price144 yen (as of October 6, 2021)
Market capitalizationApproximately 965,102,168,677 (as of October 6, 2021)
Market capitalization ranking21st place (as of October 6, 2021)
Exchanges that can be soldNot available on global exchanges
Official sitehttps://polygon.technology/

Polygon (MATIC) is a blockchain network project that aims to function as the second layer of Ethereum.

Its fast transaction speed and low cost have attracted the attention of the market.

The name MATIC for the Polygon (MATIC) token comes from the early stages of Polygon development.

After being launched as the Matic Network in October 2017, the developers changed their brand name to Polygon in early 2021.  

To purchase Polygon (MATIC), you need to purchase a Crypto currency that is a trading pair of Polygon (MATIC) at a global exchange, send it to an overseas exchange, and purchase Polygon (MATIC) at an overseas exchange.

Binance is recommended for using exchanges .

Binance provides a trading app that has a good reputation for being easy to use, and you can check the price of Crypto currency and make transactions on the go by using Binance.

\ No.1 in the number of application downloads /
Binance

Features of Polygon (MATIC)

Polygon (MATIC) is a network solution that aims to provide subchains to solve Ethereum problems.

The name MATIC comes from the early stages of Polygon development.

After being launched as the Matic Network in October 2017, the developers changed their brand name to Polygon in early 2021.  

Aiming to be an alternative to Ethereum

Released in 2013, Ethereum is a decentralized platform used in various services such as NFT and DeFi because of its usefulness .

However, Ethereum is so overused that it has problems such as high fees and very long transactions.

Polygon (MATIC) is used to solve these problems.

Polygon leverages the MATIC sidechain to run and integrate a variety of Ethereum-based distributed apps.

As a result, Polygon (MATIC) is much cheaper and faster to execute transactions than Ethereum and other networks.

Binance

Providing a second layer network solution

The second layer (sidechain) of Polygon (MATIC) acts as a fast parallel blockchain running alongside the main Ethereum blockchain.

Polygon (MATIC) creates a fast parallel blockchain and links it to the main Ethereum blockchain. 

By linking (bridge) to Polygon (MATIC), it is possible to use various application services on the Ethereum blockchain. 

Polygon (MATIC) is like an express train on the subway.

The Polygon (MATIC) network travels along the same route as regular trains, but with fewer stops, so it travels much faster (in this analogy, the main Ethereum blockchain is a local train. Become).

Uses PoS (Proof of Stake)

Polygon (MATIC) uses PoS (Proof of Stake) as its own consensus algorithm .

PoS is a consensus algorithm that makes it easier to connect blockchains (increasing the probability of successful mining) as the amount of currency held increases.

Therefore, the larger the amount of Polygon token MATIC held, the easier it is to generate a blockchain.

Polygon’s own token (MATIC) exists

Polygon has its own token called MATIC.

It is used for payment, staking, and governance on the Polygon network, which means that MATIC holders can vote for changes in the direction and specifications of the Polygon project.

There are 10 billion MATIC tokens, and the current market supply is about 5 billion.

Polygon (MATIC) is not available on global exchanges, so you need to purchase a Polygon (MATIC) trading pair on a global exchange and then send it to an overseas exchange to purchase Polygon (MATIC).

Binance is recommended for using global exchanges .

Binance uses a simple site and app design, and has a reputation for being very easy to see.

\ No.1 in the number of application downloads /
Binance

Current price trends of Polygon (MATIC)

What is the current price trend of Polygon (MATIC)?

The price of Polygon (MATIC) has been on a gradual downtrend since the beginning of September, and has been on a gradual uptrend since October .

This price movement is thought to be influenced by the movement of the entire Crypto currency market, led by Bitcoin.

In September, the investment market became a major risk aversion due to global economic instability caused by China’s evergrande default risk.

Therefore, it is considered that the price of the Crypto currency market has also been on a downward trend.

Also, at the beginning of October, Fed Chairman Powell said that he accepted cryptocurrencies, saying that the Fed would not impose restrictions on cryptocurrencies .

The market reacted to Mr. Powell’s remarks, and Crypto currencies were purchased and the market was on an upward trend.

Since Polygon (MATIC) is not handled by global exchanges, it is necessary to purchase a Crypto currency that is a trading pair of Polygon (MATIC) at the global exchange, transfer it to an overseas exchange, and purchase Polygon (MATIC). ..

Binance is recommended for exchanges .

If you do not have an account yet, please take this opportunity to open an account with Binance.

\ No.1 in the number of application downloads /
Binance

Price transition of Polygon (MATIC) so far

Let’s take a look at the price transition of Polygon (MATIC) before September.

The price changes of Polygon (MATIC) so far are as follows.Price transition of Polygon (MATIC) so far

  • Prices are stagnant after listing in April 2019
  • Soaring around April 2021
  • Forming a range from around June 2021

I will explain each price transition in detail.

Prices are stagnant after listing in April 2019

Since its listing in 2019, Polygon (MATIC) has been stagnant for some time .

This stagnation trend will continue until around April 2021, but will rise significantly in 2021.

Soaring around May 2021

After the stagnation after listing, the price of Polygon (MATIC) soared in May 2021.

It has risen by about 600% in about 20 days from the second half of April to the time of the highest price increase in May .

Ethereum is the most used in BFT and DeFi, but due to the problem of Ethereum’s blockchain, soaring fees and slow transactions have led to the trend to use an alternative network to Ethereum. ..

One of the alternative networks is Polygon (MATIC), which is believed to have risen in price due to investor buying in anticipation of increased demand.

Forming a range from around June 2021

Since the soaring price in May, many range markets have been seen as a whole.

The range market is in a situation where the direction of the market is uncertain due to the uncertain future.

The NFT market and DeFi market have also settled down for a while after April, and it is thought that the need for Ethereum alternative networks such as Polygon (MATIC) has subsided a little.

Since Polygon (MATIC) is not handled by global exchanges, purchase Crypto currency that is a trading pair with Polygon (MATIC) at global exchanges, send money to overseas exchanges, and Polygon (MATIC) at overseas exchanges. You need to buy.

Binance is recommended for using exchanges .

Binance provides generous support to users, such as setting up a telephone inquiry window, so you can trade with confidence.

\ No.1 in the number of application downloads /
Binance

Points of price increase of Polygon (MATIC)

The points of price increase of Polygon (MATIC) are as follows.Points of price increase of Polygon (MATIC)

  • Increased demand for Crypto currencies used in NFT and DeFi
  • Partnership with a company
  • Release and demand for services using Polygon (MATIC)

Then, I would like to explain each point.

Increased demand for Crypto currencies used in NFT and DeFi

As seen in the soaring price of May 2021, the price of Polygon (MATIC) is likely to rise if the demand for cryptocurrencies used in NFT and DeFi increases.

Binance

Announcement of alliances and joint development with companies

Prices are also expected to rise if we partner with a company or if it is announced that we will carry out joint development.

Partnering with a company means that the service and technical capabilities of Polygon (MATIC) have been recognized by the company.

Therefore, the creditworthiness of Polygon (MATIC) in the market will increase, and the future is expected and the price will rise.

Release of services using Polygon (MATIC)

The release of services using Polygon (MATIC) and the increase in demand for those services are also considered to have a significant positive impact on the price of Polygon (MATIC).

The use of Polygon (MATIC) for various services simply increases the opportunities and demand for Polygon (MATIC), which increases the chances of purchasing Polygon (MATIC) and increases the price.

In addition, as services that use Polygon (MATIC) become popular and the number of users increases, the demand for Polygon (MATIC) is expected to increase further.

It is conceivable that investors will purchase Polygon (MATIC) in anticipation of such demand and the price will rise.

Since Polygon (MATIC) is not handled by global exchanges, purchase Crypto currency that is a trading pair with Polygon (MATIC) at global exchanges and send it to overseas exchanges, and then Polygon (MATIC) at overseas exchanges. ) Is recommended.

In addition, the use of exchanges, Binance is recommended use of.

Binance has been the victim of a hacking incident, and since we are putting great effort into security maintenance, it is possible to trade safely and securely.

\ No.1 in the number of application downloads /
Binance

Upcoming outlook / forecast of Polygon (MATIC)

The future outlook and forecast of the price of Polygon (MATIC) are as follows.Upcoming outlook / forecast of Polygon (MATIC)

  • Prices rise as demand for Ethereum increases
  • Increased corporate alliances and purchases by companies
  • Network development progresses and prices rise

Now, let’s take a look at each point.

Prices rise as demand for Ethereum increases

As NFT and DeFi become more widespread in the future, it is expected that demand for tokens from networks that provide platforms that can be used for NFT and DeFi, such as Ethereum, will increase.

NFT and DeFi are going to be used for various IT services beyond the Crypto currency industry.

Therefore, it is expected that the opportunities to use Polygon (MATIC) will increase in the future.

Increased corporate alliances and purchases by companies

As mentioned above, business alliances are one of the major factors in price increases.

It is expected that the price will rise as the business alliance of Polygon (MATIC) progresses in the future.

Currently, multiple companies are buying Crypto currencies such as Bitcoin and related ETFs.

Network development progresses and prices rise

Polygon (MATIC) is aiming to end the development in 2022, but it is expected that the development of this network will progress smoothly and the reliability of the technology will be further improved by the completion.

In addition, the fact that the provided network is operated without being damaged by hacking also enhances the reliability of Polygon (MATIC).

Therefore, it is expected that the price will rise if the development progresses and the operation of the Polygon (MATIC) network goes smoothly.

To purchase Polygon (MATIC), you need to purchase a Crypto currency that is a trading pair with Polygon (MATIC) on a global exchange and transfer it to an overseas exchange to purchase it.

Binance is recommended for using exchanges .

Binance is a long-established cryptocurrency exchange that has been operating since 2014, and we are building an exchange that is easy for users to use by making use of our abundant cryptocurrency exchange management know-how.

\ No.1 in the number of application downloads /
Binance

How to buy Polygon (MATIC)

Polygon (MATIC) is not available on global exchanges.

Therefore, it is necessary to purchase the Crypto currency that is a trading pair on the global exchange and purchase it on the overseas exchange.

The procedure for purchasing Polygon (MATIC) is as follows.How to buy Polygon (MATIC)

  1. Buy a cryptocurrency that is a trading pair of Polygon (MATIC) on a global exchange
  2. Send Crypto currency purchased at global exchanges to overseas exchanges
  3. Buy Polygon (MATIC) at an overseas exchange

1. Purchase a Crypto currency that is a trading pair of Polygon (MATIC) on a global exchange

First of all, open an account on a global exchange such as Binance and purchase the Crypto currency of the trading pair of Polygon (MATIC).

Polygon (MATIC) is often paired with Bitcoin, so it is recommended to buy Bitcoin.

2. Send the Crypto currency purchased at the global exchange to the overseas exchange

Next, the bitcoins purchased at global exchanges will be sent to overseas exchanges.

The main overseas exchanges that handle Polygon (MATIC) are as follows.Major overseas exchanges handling Polygon (MATIC)

  • Binance
  • HitBTC
  • OKEx
  • Huobi Global
  • Bitfinex
  • CoinEx
  • Kucoin

The types of Crypto currencies handled, ease of use, and services provided differ depending on the overseas exchange, so be sure to choose an exchange that is convenient for you.

* Please note that overseas exchanges are not approved by the Financial Services Agency of Japan.

3. Purchase Polygon (MATIC) at overseas exchanges

Finally, buy Polygon (MATIC) at an overseas exchange.

This completes the purchase of Polygon (MATIC).

It is recommended to use Binance when purchasing Crypto currency .

Binance handles 17 types of Crypto currencies, which is the largest number in Japan, so you can purchase your favorite altcoins.

If you are hesitant to use overseas exchanges, why not start by purchasing altcoin at Binance.

\ No.1 in the number of application downloads /
Binance

Summary of Crypto currency Polygon (MATIC)

Polygon (MATIC) is a network project that provides a subchain of Ethereum.

Polygon (MATIC) is considered to be a network where demand is increasing as dApps become more and more popular and convenience is improved in the future.

It is expected that the price of MATIC will rise in the future in line with demand.

Keep an eye on the future movement of Polygon (MATIC).Summary of Crypto currency Polygon (MATIC)

  • Polygon (MATIC) is a network developed to function as a subchain that solves Ethereum problems.
  • Realize fast and low cost transactions
  • It is easy to link with the price of Ethereum, and it is soaring in 2021 due to the influence of the increase in demand for dApps.
  • In the future, it is predicted that the price will rise due to the progress of development and alliances with companies.
  • When you buy the  Binance to buy a trading pair of Polygon (MATIC) in the global exchanges, such as, recommended to buy overseas exchanges

Since Polygon (MATIC) can only be purchased at overseas exchanges, purchase a Crypto currency that is a trading pair with Polygon (MATIC) at a global exchange and send it to the overseas exchange to purchase Polygon (MATIC). is needed.

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