Why Polygon Became So Popular And How It Was Affected By Crypto Trading Bots
Polygon (MATIC) up 2,800 percent in 6 months – is Polygon worth buying?
Polygon (MATIC) has broken a record for value growth this year, although it may not be among the most popular altcoins in crypto trading bots – SafeTrading specialist.
Rise of Polygon Token (MATIC)
Six months ago, the Polygon token (MATIC) was worth $ 0.03. It is now priced at around $ 0.93, up 2,800 percent. Let’s calculate how big this growth is. If you bought MATIC for $ 10,000:
- Six months ago when the price was $ 0.03;
- Now it will cost about $ 300,000.
Although Polygon is not very popular, it already has big supporters. Dallas Mavericks owner Mark Cuban is one of those investing supporting this cryptocurrency. Before investing in this cryptocurrency, find out in detail what this coin is in crypto trading bots.
Should you buy Polygon?
Polygon is one of the interesting investments in cryptocurrency. This is a very useful project, primarily solving a number of serious problems with Ethereum. Because of this, activity on the Polygon network has also increased rapidly. By the end of May, it had achieved much more daily transactions than Ethereum. It also outperformed Binance Smart Chain in daily transactions.
Polygon is a cryptocurrency that is in good standing right now. But will it remain so in the future? First, the emergence of ETH 2 and the rise of its competitors could hit the project hard.
Cryptocurrencies are risky investments due to their high volatility. The polygon is no different. MATIC price reached its all-time high (ATH) in May after some growth. However, it has since dropped by 65 percent.
If you are open to high-risk investments and think Polygon has a bright future, then investing in MATIC tokens might be a good idea. Remember, you always run the risk of losing money by investing in cryptocurrencies. Therefore, limit the number of polygons in your portfolio:
- 5 percent;
- 10 percent.
Don’t invest more than you can afford to lose.
Goldman Sachs Survey: The Rich Continue to Invest in Cryptocurrency.
Goldman Sachs, one of the largest surveyors in the world, actually released the survey results, which is not surprising. After interviews and surveys with over 150 families, he stated that 18% of the wealthy prefer cryptocurrency investments and, more importantly, he considers this preference to be reliable.
Realizing that they have the opportunity to strengthen their capital in a short time, families continue to invest in cryptocurrency without slowing down. Of course, this is a risky market, but you know very well that reaching big numbers without risking it will not be easy.
But what makes them so close to cryptocurrencies? Let’s look at the answers to these questions together and introduce you to crypto trading bots.
Safe haven from inflation
This is a so-called independent market, which is not influenced by inflation. Of course, the agenda items also affect this market and the assets in the market, but it is considered much more reliable compared to traditional markets. Here are the facts that emerged after the survey.
Crypto assets that are touted as safe havens have become toys for the rich, and the number of rich people who multiply their wealth with these assets is quite large – SafeTrading specialist.
Sudden rise, easy money
In fact, each investor’s comments and preferences regarding cryptocurrencies are more or less clear. We think this is the only market where you can increase your fortune in a short time and even in a matter of minutes. Unfortunately, it is impossible or even impossible to get to such an event through traditional markets. But if you take a close look at cryptocurrencies, you will see that there are countless assets that have skyrocketed in a matter of minutes.
Of course, sharp falls should not be overlooked. However, as we stated earlier, it’s not easy to make big money if you don’t take risks, and the rich once again claim they know it – SafeTrading specialist.
MoonPay will provide its users with MATIC access with Polygon support.
A global provider of cryptocurrency payment solutions moonpay, MATIC provides the purchase of physical currencies and assets for the Ethereum-compatible blockchain to create a network and protocol for the Polygon connection and framework to announce its support.
An increase in the number of users is expected.
The MoonPay infrastructure provides the highest fiat-to-crypto conversions currently available on the market and will for the first time lead to an increase in the number of users worldwide in the MATIC ecosystem. Users will now be able to activate:
- MATIC ETH;
- MATIC USDC;
- MATIC direct purchases with physical currency.
With MoonPay, users will be given access to NFT marketplaces and decentralized applications known as DApps in the Polygon ecosystem. MoonPay also sends a small amount of MATIC for each Polygon USDC and ETH purchase, allowing customers to quickly complete transactions without purchasing additional MATICs to pay for network fees.
First activated in the USA.
Speaking of Polygon’s support, MoonPay CEO and Co-Founder Ivan Soto-Wright said, “We want to seamlessly buy and sell cryptocurrencies on MoonPay across all ecosystems. Our deal with Polygon opens up new possibilities for accessing MATIC for millions of users, and we are delighted to have this access enabled for the first time in the United States.
MoonPay has expanded beyond the payment provider and we are now attracting new users from all over the world to the Polygon ecosystem. We look forward to seeing old and new cryptocurrency users enjoy the simplicity this creates.
Sandeep Nailwal, Co-Founder of Polygon, said: “Integrating a platform that allows physical currency purchases has been our top priority, and finding the right partner to do this has been critical to our network. MoonPay’s track record of seamlessly integrating physical currencies on the blockchain network has made them a great choice and we are delighted to allow our customers around the world, especially in the US, to switch to Matic.