Polygon Price Tops $1.28 (MATIC)

Polygon (CURRENCY:MATIC) traded 6.4% higher against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on October 14th. During the last seven days, Polygon has traded 1.1% lower against the dollar. Polygon has a market cap of $8.60 billion and approximately $619.64 million worth of Polygon was traded on exchanges in the last day. One Polygon coin can now be purchased for $1.28 or 0.00002222 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last day:

  • Starname (IOV) traded 3.9% lower against the dollar and now trades at $4,099.30 or 0.08159023 BTC.
  • Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00001737 BTC.
  • Chainlink (LINK) traded 12% higher against the dollar and now trades at $27.41 or 0.00047601 BTC.
  • Axie Infinity (AXS) traded 13.5% higher against the dollar and now trades at $134.73 or 0.00233959 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • FTX Token (FTT) traded 6.5% higher against the dollar and now trades at $55.76 or 0.00096834 BTC.
  • Dai (DAI) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001738 BTC.
  • THETA (THETA) traded up 8.6% against the dollar and now trades at $6.22 or 0.00010800 BTC.
  • Fantom (FTM) traded up 7.7% against the dollar and now trades at $2.14 or 0.00003718 BTC.

Polygon Profile

Polygon is a coin. It launched on March 26th, 2018. Polygon’s total supply is 10,000,000,000 coins and its circulating supply is 6,720,693,343 coins. 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 website for Polygon is matic.network. 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. “

Polygon Coin Trading

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

Receive News & Updates for Polygon Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Polygon and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.