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Tag: Polygon

  • Polygon (MATIC) coin on the rise – Now being supported by Mark Cuban

    The billionaire investor Mark Cuban has now revealed to officially support Polygon crypto. Mark Cuban Companies website has issued a disclosure which revealed that the billionaire is backing the cryptocurrency. Since being a critic in the bull of 2017, Mark Cuban has come a long way and now is an avid supporter of the cryptocurrency and blockchain sphere. The investor thinks the technology possesses a lot of potentials and says the future of the industry is bright.

    Polygon (MATIC) rose to popularity in the bull run of 2021 as did a lot of otherwise unknown cryptocurrencies. Some of the cryptocurrencies stole the limelight because of their return on investment while others because of their technology and offering. Polygon is the latter of the two. The cryptocurrency quickly rose through the ranks and now stands at the thirteenth in the market in terms of capitalization.

    The project is one of the first ones from India. India had been not as active in the cryptocurrency sphere because of the Reserve Bank of India’s rigid yet confused stance on cryptocurrencies. India is considered one of the most powerful developing economies and its absence from the crypto sphere had been taken note of. A development team from India originated the Polygon network and it did not disappoint.

    Polygon is a layer-1 scaling solution designed to enhance the capabilities and efficiency of the Ethereum network. The multi-chain scaling solution has been tackling the problems that layer-1 and layer-2 solutions had been facing well. The user base of the cryptocurrency had been recorded to grow at an unprecedented pace.

    At the time of writing, MATIC stands at a price level of $2.24. The price of cryptocurrency has climbed up by 30% in the past twenty-four hours. The daily trading volume is also on the rise

  • Polygon (MATIC) the beginning of Indian dominance in crypto sphere?

    Polygon (MATIC) the beginning of Indian dominance in crypto sphere?

    Polygon (MATIC) may have started seeing some positive momentum after a hard crash. The market crash has caused cryptocurrencies to fall as much as 50% from their all-time high. Even established and high-market cap coins have succumbed to the strong bearish sentiment in the market. However, one thing is for sure the bear market cannot last forever and price growth is imminent after bear markets. Polygon (MATIC) may be one of the few cryptocurrencies that are witnessing some possible reversal of the price movements. At the time of writing, Polygon crypto stands at a price level of $1.17. The price had been increasing in the past twenty-four hours while the daily trading volume is also positive.

    India is cited as the country to host the next Silicon Valley. The country has an abundance of programmers and developers; however, Indians were absent from the cryptocurrency sphere. The ban on cryptocurrencies by the Reserve Bank of India may have had a vital role to play in this absence. But as the cryptocurrency adoption and acceptance boomed, first in the 2017 bull run and now in the 2021 bull run, cryptocurrencies reached nearly every corner of the world.

    Indian developers debut into the crypto sphere with Polygon (MATIC). Originally called Matic Network, the cryptocurrency is a layer-1 scaling solution for Ethereum. The network aims to enhance the capabilities of Ethereum and boost the adoption of cryptocurrencies. Polygon is also compatible with Ethereum which makes it an attractive alternative amidst soaring gas fees and scalability issues on Ethereum.

    The cryptocurrency has quickly climbed the market ranks standing at eighteenth in terms of capitalization. The potential of the network has been realized by many. There had been an influx of yield farmers to the Polygon network. It had also surpassed Ethereum in terms of the number of daily transactions.