Polygon (MATIC) has been one of the most ambitious cryptocurrency projects in recent history. It has a high potential for growth due to the increased demand for Non-fungible Tokens and other Decentralized Finance (DeFi) projects. A project that offers global partnership opportunities has a large community and is highly scalable, with a network speed of 7,200 transactions per second (TPS). This token has tremendous growth potential, so you might want to add it to your portfolio and buy Polygon.
Polygon is one of the most important projects in the crypto industry. It was originally created to make transactions on Ethereum blockchain faster and cheaper than on the mainnet. It aims to address issues within the network. This is why it is so appealing to many investors.
Polygon (MATIC) is a token with the real potential to increase in value. We will be discussing the top 5 reasons why Matic Crypto is worth considering at its current price point.1. High potential for growth due to NFTs demand
The main reason why the MATIC token and the entire Polygon network have the potential to grow is because of the popularity of Non-Fungible Tokens (NFTS). In particular, in 2021, NFTs saw a surge in use cases, such as NFTs within the fashion or gaming industry. This was especially due to the advent of the metaverse.
These NFTs must be created on a blockchain network to become a reality.
However, Polygon is cheaper than Ethereum to mint NFTs, and it has a more cost-efficient blockchain network, so transacting with NFTs can be much less expensive.
The lower fee means that a user is more likely to buy or sell NFTs on Polygon than on the Ethereum network. This will lead to more people creating NFTs on the Polygon network, increasing its popularity and utility. However, it has not yet stopped people from investing in Ethereum. You can find many ways to buy Ethereum in India.2. Many DeFi projects were built on the Polygon Network.
The Polygon network is a decentralized application development platform that offers a fast blockchain platform and allows for cheaper transactions.
This basically means that Polygon already hosts many DeFi projects. This list will only grow as more developers and projects join the Polygon Network.3. Opportunities for Global Partnership
Polygon will continue to be a global partner because of its utility and efficiency. Polygon has a higher degree of flexibility and scalability than Ethereum, which is very likely.
Zipmex is one of the most significant partnerships to mention. This is because Zipmex’s NFT platform will use the Polygon Matic network in Thailand. More partnerships like this will likely be made in the future.4. Large Ecosystem
There are currently more than 700 dApps on the Polygon Networks. These include some of the most popular DeFi Projects with over 470,000 users. There are many projects like Sunflower Farmers and QuickSwap. There have also been many Polygon games adding to the ecosystem.5. Extremely Scalable
Polygon can achieve speeds of 7,200 transactions per second (TPS) at the moment. This makes it a highly scalable network. Compared to Ethereum’s 15 TPS, Polygon has 47,900% more transactions per second, making it more scalable. This will have an impact on coin prices, especially within the Matic Network.
Polygon (MATIC) Price Predictions for 2022 by Experts
Many analysts and traders see MATIC to be a promising project and anticipate that it could soon experience significant price increases. But no one can say the exact way MATIC will perform. Numerous factors can influence the price of a coin.
According to the prediction of the WalletInvestorcrypto analysis source, the worth of Polygon cryptocurrency is likely to break the $3.38 mark by the middle of 2022. It is predicted that by July that it is possible that the Polygon exchange rate will be set at $3.47. At the end of 2022, the lowest value of the coin could be $2.87, and its maximum value could be at the $4.57 mark.
Should One Buy Polygon?
Polygon (MATIC) has yielded significant profits to investors. At present, most crypto experts are predicting steady growth for the MATIC price over the next few years. But, it’s nearly impossible to know for certain about the future of the cryptocurrency market and the Polygon network specifically, as the cryptocurrency market is extremely unpredictable. As with all assets, one should be aware of your Polygon investments. Do your own investigation/research (DYOR), and be sure to invest not more than you could afford to lose.