Polygon (MATIC) Price Hits $0.85

Polygon (MATIC) traded 0.8% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM ET on November 24th. In the last week, Polygon has traded 1.8% lower against the U.S. dollar. Polygon has a market cap of $7.45 billion and approximately $444.66 million worth of Polygon was traded on exchanges in the last 24 hours. One Polygon coin can currently be purchased for about $0.85 or 0.00005150 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

  • KILT Protocol (KILT) traded 1.1% lower against the dollar and now trades at $0.42 or 0.00002527 BTC.
  • Aidi Finance (BSC) (AIDI) traded down 1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 3.8% higher against the dollar and now trades at $0.0455 or 0.00000275 BTC.
  • CareCoin (CARES) traded 3.8% higher against the dollar and now trades at $0.0564 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 1.9% lower against the dollar and now trades at $0.0011 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 0% lower against the dollar and now trades at $1,417.82 or 0.08566787 BTC.
  • Kitty Inu (KITTY) traded 3.8% higher against the dollar and now trades at $79.95 or 0.00483090 BTC.
  • Lunar (LNR) traded up 18.8% against the dollar and now trades at $0.0601 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded up 23.2% against the dollar and now trades at $0.0004 or 0.00000003 BTC.
  • QANplatform (QANX) traded up 3.8% against the dollar and now trades at $4,905.42 or 0.29639569 BTC.

Polygon Coin Profile

Polygon launched on March 26th, 2018. Polygon’s total supply is 10,000,000,000 coins and its circulating supply is 8,734,317,475 coins. Polygon’s official website is polygon.technology. The Reddit community for Polygon is https://reddit.com/r/0xpolygon and the currency’s Github account can be viewed here. Polygon’s official message board is blog.polygon.technology. Polygon’s official Twitter account is @0xpolygon and its Facebook page is accessible here.

According to CryptoCompare, “The Ethereum blockchain is home to thousands of smart contracts and decentralized applications. The flurry of activity on it has seen transaction fees make using the network economically unviable for some of its users, creating demand for scaling solutions, like Polygon.What is Polygon?Polygon (MATIC) is a Layer-2 scaling solution for Ethereum that provides users with faster transactions and lower costs as a parallel blockchain running alongside the main Ethereum network.To use the Polygon network, users have to “bridge” their tokens from Ethereum to it. There are numerous decentralized applications built on top of Polygon, including several leading Ethereum-based protocols that have made their applications work on both networks.The Polygon network can be used through cryptocurrency wallets compatible with Web3 applications such as MetaMask or the Coinbase Wallet. These are wallets that can interact with smart contracts on the blockchain and can be found built-in to some web browsers such as Opera and Brave.What is the MATIC token?The MATIC token is Polygon’s native currency, used to pay for transaction fees on the network. The cryptocurrency is also Polygon’s governance token, which means MATIC token holders get to vote on change proposals to Polygon.As the network uses a Proof-of-Stake (PoS) consensus algorithm, MATIC can be staked to help secure the network in exchange for rewards in MATIC. The ticker MATIC comes from a previous stage of Polygon’s development, as at launch it was named the MATIC Network.Who Created Polygon?Polygon was first launched back in 2017 as the Matic Network by several Ethereum developers: Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The network went live in 2020 and quickly attracted some of the largest DeFi applications.The network raised the equivalent of $5.6 million in TH with the sale of 1.9 billion MATIC tokens back in April 2019.The Polygon network currency has several blue-chip DeFi applications launched on top of it, including decentralized exchange Uniswap, lending platform Aave, and decentralized lottery platform PoolTogether.Where Can You Buy MATIC?The cryptocurrency is currently being traded on most top cryptocurrency exchanges, including Coinbase, Kraken, KuCoin, Binance, and Gate.io. You can find out where to buy SOL on the cryptocurrency’s markets page on CryptoCompare.”

Buying and Selling Polygon

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

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