MATIC Price Analysis January 2022
MATIC is a token of the Polygon Technology, previously known as Matic Network. Its current price is around $2.35 by writing, with a low of $0.02648 in 2021 and a market cap of 17.1 billion dollars.
What is Polygon?
Polygon is a protocol and a blockchain framework that builds and connects Ethereum compatible networks. Polygon is an open-source project built by contributors from all over the world. Sandeep Nailwal founded it in 2017. Polygon aims to transform Ethereum into a complete, multi-chain system. They also want to build their reputation as an organization that builds secure solutions for complex problems.
Polygon combines the best of Ethereum and sovereign blockchains into an attractive feature set. The Polygon platform is built with the user in mind, making it easy to use and secure. The company provides security by using two-factor authentication and SSL encryption for all transactions, data storage, and connections.
What is MATIC Crypto?
MATIC is the coin of the Polygon platform, which is around $2.35 by the time of writing, with a low of $0.02648 in 2021. Its current ranking is #13 according to CoinMarketCap, with a market cap of 17.1 billion dollars.
It reached a high of $2.92, with a low of $0.02648. MATIC is a public Ethereum side-chain, and it also offers an innovative new consensus algorithm called Proof-of-Stake (POS) built on the Ethereum blockchain.
MATIC Coin Market Analysis
MATIC has a max supply of 10,000,000,000 coins worth around $2.35 with a market volume of 1 billion dollars, whereas the market capitalization is 17.1 billion dollars at writing.
MATIC Price Prediction 2022
On the 1D timeframe, after the pump in the price of MATIC, it has reached an all-time high, and just after its price dived, now it is moving up in an ascending triangle pattern, which is a bullish pattern. The bullish momentum has been strong, confirmed by a successful breakout.
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Here are some of the best exchanges to buy MATIC in 2022.
Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.