Polygon is down 5% today: is the time to buy Polygon?

The live polygon price is just under $ 2 today with a 24-hour trading volume of $ 1.37 billion. The coin has lost 4.97% in the last 24 hours. Want to learn more about the promising future of crypto, including where to buy Polygon? Then this guide is for you.

What is polygon

Polygon (formerly Matic Network) is the first well-structured, easy-to-use platform for scaling and infrastructure development of Ethereum. The core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Polygon can be used to create optimistic rollup chains, ZK rollup chains, standalone chains, or any other type of infrastructure the developer needs. Polygon effectively turns Ethereum into a full-fledged multi-chain system (also known as the Internet of Blockchains). This multi-chain system is similar to others like Polkadot, Cosmos, Avalanche etc. with the advantages of security, dynamic ecosystem and openness of Ethereum. Polygon tries to stimulate the mass adoption of cryptocurrencies,

Should I Buy Polygon Today?

Most analysts are optimistic about Polygon. It can be a promising investment.

Polygon price forecast

Wallet Investor predicts the Polygon price could soar to $ 3.6 in a year. Long-term earnings potential is 85% in a year if this forecast proves correct. In five years, the polygon price is said to have exceeded USD 10 per 1 MATIC.

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