Polygon (MATIC) Price Down 7.4% This Week

Polygon (MATIC) traded up 4.7% against the U.S. dollar during the 24-hour period ending at 20:00 PM ET on November 5th. One Polygon coin can currently be bought for $0.31 or 0.00000433 BTC on major exchanges. Over the last seven days, Polygon has traded down 7.4% against the U.S. dollar. Polygon has a total market cap of $807.24 million and $6.79 million worth of Polygon was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 4.2% against the dollar and now trades at $70,585.08 or 0.99507076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 3.6% against the dollar and now trades at $70,265.04 or 0.99055899 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Polygon Coin Profile

Polygon’s genesis date was March 26th, 2018. Polygon’s total supply is 10,000,000,000 coins and its circulating supply is 2,627,514,244 coins. Polygon’s official message board is blog.polygon.technology. The official website for Polygon 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 Twitter account is @0xpolygon and its Facebook page is accessible here.

According to CryptoCompare, “Polygon (MATIC) is a scaling solution for the Ethereum blockchain that aims to provide faster and cheaper transactions. It is a parallel blockchain that users can “bridge” their tokens to and interact with through compatible wallets such as MetaMask or Coinbase Wallet. The network is secured by a Proof-of-Stake consensus algorithm and its native currency, MATIC, is used to pay for transaction fees and can be staked to earn rewards. Polygon was launched in 2020 by Ethereum developers and has attracted several leading DeFi applications to its network, including Uniswap, Aave, and PoolTogether.”

Buying and Selling Polygon

It is usually not presently possible to purchase alternative cryptocurrencies such as Polygon directly using U.S. dollars. Investors seeking to trade Polygon should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Polygon using one of the exchanges listed above.

MATIC/USD price chart by TradingView