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What is Polygon Matic coin?

Polygon Matic coin

What is Polygon Matic coin?

It is nothing more than a cryptocurrency. Of particular note is the polygon matic currency, an Indian cryptocurrency. That is, its creator, that is, its founders are all Indians. To date, it has become a very popular currency. There are many reasons for this, which we will learn later.


According to Coinmarketcap, the polygon matic currency ranks in the top 20. Strictly speaking, it ranks 16th. Its market cap is about $ 9,755,202,980. Market i.e. Crypto Market is currently in 6.4Bn Polygon Matic Coin Circular.



How did Matic Coin get started?

As you know it is an Indian cryptocurrency, it was created in October 2017 by three Indians, Jayanti Kanani, Sandeep Nailwal and Anurag Arjun Matic. All three were blockchain experts as well as good business consultants. Later, in 2019, it was renamed the Polygon Matic Coin.



Why was the polygon matic created?

Hardly anyone knows Ethereum today. After Bitcoin, if any currency dominates the crypto market, it is Etherium. This currency ranks No. 2 in the crypto market. Ethereum is the most popular hub for DeFi progress and activity. 


However, it also has some major flaws. For example, its blockchain is not easily compatible with other blockchains. And the second major drawback is that its transaction fees are much higher. To overcome all these errors, polygon matic coins were created. This maximizes the Ethereum blockchain (increases scalability) and greatly reduces transaction fees.



How Polygon Matic  working?

Polygon is a scalable solution designed to scale Etherium networks. The polygon matic makes Ethereum a multi-chain system like polka dot.


Matic currency:-

According to Coinmarketcap's graph, today, August 17, 2021, the price is approximately 44 1.4418, which is INR 107. However, two weeks later (2 weeks ago) the price was only 80-85 rupees. 


That means in just 15 days its price has gone up by almost 30%. And that's just the beginning of Polygon Matic. You can easily invest Matic Coin in INR from WazirX, the largest exchange in India.



Matic Coin Price Forecast:-

The price of any cryptocurrency depends on many factors. If the project is good, the price may go up. If it is built on a very good blockchain, the value of the currency will rise, even if it has the support of a big rich man (billionaire), the price of the currency can skyrocket.


But are polygon matic currencies one of the factors that can drive Ipay prices to very high levels? You will be happy to be numb that it has all the reasons. Matic coins are not only created on a very good blockchain, but it also helps to scale the Ethereum blockchain.


Matic Coin 2 was created for a very big reason, one of which was to support Ethereum and the other which is very important, namely to make the transaction fee work. That is, the cable is not a Polygon Matic, the cable is built on a good blockchain, but its purpose is much larger, which means the project is very good.


Now let’s see if there is a billionaire’s hand behind the polygon matic coin, like Elon Musk’s Dodge coin. Yes, that's right. Mark Cuban, one of America's biggest entrepreneurs, recently bought a polygon matic coin. He even said that if anyone wants to confirm this, he can go to his company's website and check the company's portfolio.


For your information, we tell you that Mark Cuban has already invested heavily in cryptocurrencies like Bitcoin and Etherium. As soon as this message from Mark Cuban came out, there was an amazing jump in matic coins. This means that if Mark Cuban or anyone else like him invests in Polygon Matic in the future or says something good on Twitter, no one will be able to stop Matic's price from skyrocketing.


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