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RISKY BUY

The Polygon Network

Recently, the Ethereum blockchain has experienced many problems, including network saturation due to the growing number of users, as well as disproportionate transaction fees (often over $100). One of the solutions was to develop frameworks called Layer 2.

Polygon was one of the Layer 2 Proof of Stake solutions developed for the Ethereum network. It creates a second framework, in which transactions will be managed independently from the main blockchain (in this case Ethereum). Thus, Polygon can perform transactions much faster (and with much lower fees), without sacrificing the security of the network.

Of course, the Polygon network uses an EVM, so Ethereum developers can transpose their smart contracts from Ethereum to Polygon without any difficulty. Users also benefit from this simplicity and can use metamask to manage their funds and view their ERC20 portfolio.

The main token of the main network is MATIC, and is currently trading at $1.7942. Up 10% since yesterday.

Cryptocurrencies
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Polygon(CRYPTO:MATIC) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Polygon is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Polygon(CRYPTO:MATIC) Frequently Asked Questions

What is Polygon?

Polygon is a Cryptocurrency.

Is Polygon a buy or a sell?

In the last year, 1 stock analyst published opinions about CRYPTO:MATIC. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Polygon.

Is Polygon a good investment or a top pick?

Polygon was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Polygon.

Why is Polygon stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Polygon worth watching?

In the last year, there was no coverage of Polygon published on Stockchase.

What is Polygon stock price?

On 2022-05-16, Polygon (CRYPTO:MATIC) stock closed at a price of $0.6725.