Polygon Price Reaches $1.42 (MATIC)

Polygon (MATIC) traded 6.7% higher against the U.S. dollar during the twenty-four hour period ending at 8:00 AM ET on April 19th. Polygon has a market capitalization of $11.09 billion and approximately $749.36 million worth of Polygon was traded on exchanges in the last day. One Polygon coin can now be bought for about $1.42 or 0.00003466 BTC on major cryptocurrency exchanges. Over the last week, Polygon has traded 0.4% higher against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

  • Binance USD (BUSD) traded down 0.1% against the dollar and now trades at $1.00 or 0.00002441 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00002438 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Chainlink (LINK) traded 5.2% higher against the dollar and now trades at $14.13 or 0.00034470 BTC.
  • FTX Token (FTT) traded 3.8% higher against the dollar and now trades at $43.36 or 0.00105782 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • Decentraland (MANA) traded 7% higher against the dollar and now trades at $2.17 or 0.00005283 BTC.

Polygon Profile

MATIC is a coin. Its launch date was March 26th, 2018. Polygon’s total supply is 10,000,000,000 coins and its circulating supply is 7,808,492,081 coins. Polygon’s official website is polygon.technology. The Reddit community for Polygon is https://reddit.com/r/maticnetwork and the currency’s Github account can be viewed here. Polygon’s official Twitter account is @maticnetwork. The official message board for Polygon is medium.com/matic-network.

According to CryptoCompare, “Matic provides scalable, secure and instant transactions using sidechains based on an adapted implementation of Plasma framework for asset security and a decentralized network of Proof-of-Stake (PoS) validators. In short, it allows anyone to create scalable DApps while ensuring a superior user experience in a secure and decentralized manner. It has a working implementation for Ethereum on Ropsten Testnet. Matic intends to support other blockchains in the future which will enable it to provide interoperability features alongside offering scalability to existing public blockchains. Matic Network is expanding tech scope and mission and becoming Polygon — Ethereum’s Internet of Blockchains. Existing Matic solutions remain functional and high priority. All the existing Matic solutions and implementations, primarily Matic PoS Chain and Matic Plasma Chains, remain fully functional and will continue to be developed and grown as very important components of the Polygon ecosystem. These implementations will not be impacted or changed in any way, and no action is required from developers or end-users. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.  See the official announcement. Polygon is a easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting two major types of solutions:Secured chains (aka Layer 2 chains): Scaling solutions that rely on Ethereum for security instead of establishing their own validator pool. Stand-alone chains (aka Sidechains): Sovereign Ethereum sidechains, normally fully in charge of their own security, i.e. with their own validator pool.”

Buying and Selling Polygon

It is usually not presently possible to purchase alternative cryptocurrencies such as Polygon directly using US dollars. Investors seeking to trade Polygon should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Polygon using one of the aforementioned exchanges.

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