Popular altcoin project Polygon (MATIC) is currently up 10337 percent in 2021. 92% of HODLers make a profit. On Tuesday, October 26, the price of MATIC, the management token of Polygon, reached $1.8562, the highest since June 2. TradingView data shows that the price of MATIC on crypto exchange Coinbase has climbed as high as $1.8562, the intraday high. . For details cryptocoin.comKeep following.
Dazzling altcoin performance
At the time of writing, the MATIC is trading around $1.8370, which means there has been a 10.33% increase against the USD in the last 24-hour period. Year-to-date, MATIC’s ROI is incredible: 10337 %. According to data from blockchain analytics firm IntoTheBlock (ITB), about 92% of all addresses currently holding MATIC are in profit:
Polygon Co-Founder Mihailo Bjelic said earlier today that the Polygon Proof-of-Stake (PoS) blockchain has processed more than one billion transactions so far:
Polygon for $5?
In August, crypto phenom “Coin Bureau” (@coinbureau on Twitter) talked about MATIC, one of the few crypto assets he regrets “not buying sooner.” In a video (titled “TOP Altcoin Picks 2021 Q3”) posted on the “Coin Bureau” YouTube channel, the show’s pseudonymous host told the channel’s over 1.2 million subscribers why he was so optimistic about MATIC and gave his year-end price target. The analyst said about MATIC:
Polygon is the “preferred layer 2 scaling solution” for Ethereum. Ave (AAVE), Decentraland (LAND), and SushiSwap (SUSHI) are some of the very popular decentralized applications built on Polygon. It holds over 300 DApps in total locked value (TVL) of over $9 billion. Both Coinbase and Binance have recently completed the Polygon wallet integration. The number of active users (which is growing very fast) is more than some tier one (L1) blockchains. MATIC not only powers the Polygon blockchain, but is important to Polygon’s expanding second-layer (L2) blockchain set for Ethereum. Since the start of 2021, MATIC has had a “fantastic run”. Although the crypto market crash in the second half of 2021 drove the MATIC price down from its all-time high (reached on May 18) with “mass adoption”, the chance for the price of this coin to reach $5 by the end of this year “is a realistic target.
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