Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.
It aggregates scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem. This is the reason why we have seen an explosion in MATIC price. Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing on security. This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc, but with at least three major upsides:
- Polygon is able to fully benefit from Ethereum’s network effects
- It is inherently more secure
- It is more open and powerful
Below are some of the projects built on Matic
Polymarket
One of the most popular Prediction Markets in the blockchain space, Polymarket has redefined the space with its smooth UX
Aavegotchi
DeFi based crypto collectibles game; players stake NFT’s with interest generating tokens in the Aavegotchi Metaverse
Decentral Games
Casino style games built in the Decentraland metaverse, where you can play your favorite card games with your chosen avatar
SportX
Place your bets on your favorite sporting events with SportX and earn more with weekly contests on this popular sports betting platform
Easyfi
A fork of Compound which brings multiple DeFi products under one roof with lending, borrowing, staking and more available in one Dapp
Neon District
Cyberpunk RPG adventure game that allows players to battle it out in a sci-fi dystopia and win in-game NFT’s
DFYN
Dfyn.network is a community-governed DeFi project that offers a low-fee AMM exchange along with yield farming opportunities. Dfyn will also work on providing a comprehensive platform for social tokens and NFTs.
QuickSwap
Next-gen Layer 2 DEX. Trade at lightning-fast speeds with near-zero gas fees.
mStable
Autonomous and non-custodial infrastructure for pegged-value crypto assets.
Opium Network
Opium is a universal and robust protocol that allows for creating, settling, and trading any decentralised derivative.
Cryption Network
Cryption.network is all set to launch the products with several revolutionary new features on Polygon (Matic) — an absolute boon to the DeFi sector and NFT.
Poolz
Poolz is a swapping protocol that enables startups and project owners to auction their tokens for bootstrapping liquidity.
Atari
Atari was created by Nolan Bushnell and Ted Dabney in 1972 and became a pioneer in arcade games, home video game consoles and home computers. Beloved and world-renowned Atari games including Pong®, Asteroids®, Missile Command® and many others helped define the gaming industry.
Ethermon
Decentralized World of Ether Monsters. Blockchain, Monsters, Ether, Ethereum, Bitcoin, World of Ether Monster, worldofether monster.
There are many other projects developed on Polygon. You can review the whole list here.
Let us review MATIC Price
MATIC Price Prediction (Polygon)
MATIC is currently trading near the support area of $1.31. There is a better support at $1.05 and we can see a drop towards that area. As long as MATIC stays above the support at at $1.05 and then takes back $1.31 area, we can start seeing a move towards $1.62, $1.96, $2.24 and $2.52. If it consolidates near that area, we could start seeing a move towards $2.92, $3.42 and $4.88. Failure to hold $1.05 could lead to a drop towards $0.73.
Join us on Telegram to receive free trading signals.
For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.
Images courtesy of TradingView.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
