Polygon (Matic) is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.
Ethereum is the blockchain development platform of choice, but it has limitations like Low Throughput, Poor UX (gas, delayed PoW finality) and No sovereignty (shared throughput/clogging risk, tech stack not customizable, governance dependence). Many projects are exploring Ethereum-compatible blockchains as a way to mitigate these limitations while still leveraging Ethereum’s thriving ecosystem. However, there is no specialized framework to build such blockchains nor a protocol to connect them. This introduces significant development challenges and causes ecosystem fragmentation. This is where Polygon comes into picture which will start affecting Polygon (MATIC) price.
Solution to the problem: Polygon
Polygon – a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.
- One-click deployment of preset blockchain networks
- Growing set of modules for developing custom networks
- Interoperability protocol for exchanging arbitrary messages with Ethereum and other blockchain networks
- Modular and optional “security as a service”
- Adaptor modules for enabling interoperability for existing blockchain networks
Projects on Polygon
Let us review Polygon (MATIC) price.
MATIC/USD – Price Prediction
Matic is currently trading close to the resistance zone at $1.38. If Matic can break this zone, we could start seeing a move towards $1.82, $2.52, $3.23 and $3.66. Failure to break the resistance at $1.38 could lead to a drop towards $1.12 and $1.03 which would be a good place to long Matic.
MATIC/BTC – Price Prediction
Matic has broken the resistance of 2475 sats. If it can stay above this resistance zone and flip it to support, we could start seeing a move towards 3221, 4430, 5638 and 6385 sats. Failure to hold the support of 2475 could lead to a drop towards 2216 and 2213 sats.
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