Polygon (MATIC): Important news not to be missed and MATIC price prediction





Rather than creating its own blockchain, Polygon’s solutions rely on the Ethereum network. Its native cryptocurrency is MATIC.

Polygon (MATIC) price: what is the current price?

Here is the Polygon live course.

Today’s news from Polygon as of 05/10/2022:

Instagram will rely on polygon, along with three other cryptocurrencies to deploy non-fungible tokens (NFTs) on its social media platform. According to information from CoinDesk, only a few users in the United States will have access to it for the pilot phase.

🪙 Mark Zuckerberg announced that NFTs will appear in test mode on Instagram starting this week. Non-fungible token integration will be available for Ethereum, Polygon, Solana and Flow systems. How do you feel about this? https://t.co/vhNRjA3P5Y

We do not yet know if the selected cryptocurrencies will all be integrated at the same time. However, this is already good news for Polygon, which could win new users thanks to the increased visibility offered by this project.

At the latest estimates, the MATIC price is expected to hit $1,944 within a year according to WalletInvestor. This is slightly less than what DigitalCoinPrice predicts for 2023 with $1.66 for the token.

Mid-Term MATIC Price Prediction: Polygon is technically interesting, it is in an uptrend as the markets retrace.

Long Term MATIC Price Prediction: The polygon project is still in its infancy. The $10 price action for MATIC/USD is highly anticipated.

Our overall opinion on the Polygon crypto (MATIC) for 2022

  • Polygon Mirror Mag Global Rating: 7/10

68% of retail investor accounts lose money when trading CFDs with this provider. You have to ask yourself if you can afford to take the high risk of losing your money.

Opinion on the Polygon project

The Polygon project is innovative and is an alternative to Ethereum which allows to reduce transaction fees. On OpenSea, for example, you can create NFTs under Polygon and put them on sale without paying any fees, which is impossible with Ethereum.

Price Volatility Notice

The MATIC is relatively stable, but it is not uncommon to see fluctuations of more than 20% in 24 hours.

Conclusion – should you invest in Polygon crypto? Where and how to buy it?

Conclusion of our Polygon review

Despite competition from the Cosmos cryptocurrency, Polygon remains an interesting blockchain internet project to follow closely. You can still be among the first investors in this project.

Buy Polygon (MATIC) to trade

To trade this cryptocurrency, the eToro broker is the most suitable. In addition to buying the tokens, this platform allows you to trade short-term crypto CFDs without having to hold the tokens.

  • Step 1 : use the search bar of the eToro platform to find the cryptocurrency.
  • 2nd step : then click on “Invest” to give the amount of cryptocurrency to buy and validate the transaction.

Read This article to find out how to buy cryptocurrency on eToro.

68% of retail investor accounts lose money when trading CFDs with this provider. You have to ask yourself if you can afford to take the high risk of losing your money.

Buy the Polygon to invest

To invest in this cryptocurrency by holding them in a wallet, go to the Binance platform.

  • Step 1 : go to the “Buy cryptos” tab then choose the payment method of your choice.
  • 2nd step : select the crypto to buy and proceed to secure payment. Then, the cryptocurrencies will be credited to the dedicated wallet.

Read This article to find out how to buy cryptocurrency on Binance.

Useful resources for investing in the Polygon (MATIC)

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eToro allows you to trade cryptocurrency easily online. Creating an account is free and very simple.

68% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. eToro users in France cannot open positions to buy real crypto assets, all orders are opened as CFDs.

Almmaye
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