Polygon (MATIC) Market Capitalization Achieves $4.21 Billion

Polygon (MATIC) traded down 6.6% against the U.S. dollar during the twenty-four hour period ending at 13:00 PM Eastern on August 4th. One Polygon coin can currently be bought for $0.42 or 0.00000721 BTC on cryptocurrency exchanges. Over the last seven days, Polygon has traded 16.3% lower against the U.S. dollar. Polygon has a total market cap of $4.21 billion and $201.21 million worth of Polygon was traded on exchanges in the last 24 hours.

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

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.9% higher against the dollar and now trades at $0.0124 or 0.00000021 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 9.6% against the dollar and now trades at $0.0743 or 0.00000126 BTC.

Polygon Coin Profile

Polygon’s launch date was March 26th, 2018. Polygon’s total supply is 10,000,000,000 coins and its circulating supply is 9,905,739,881 coins. The official website for Polygon is polygon.technology. Polygon’s official Twitter account is @0xpolygon and its Facebook page is accessible here. The official message board for Polygon is blog.polygon.technology. The Reddit community for Polygon is https://reddit.com/r/0xpolygon and the currency’s Github account can be viewed 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 buy alternative cryptocurrencies such as Polygon directly using U.S. dollars. Investors seeking to trade Polygon should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Polygon using one of the aforementioned exchanges.

MATIC/USD price chart by TradingView