Polygon has fallen by 5%: should you buy Polygon?

The live Polygon price today is $1.86 with a 24-hour trading volume of $2.5 billion. Polygon has decreased by 5.07% in the last 24 hours. Should you buy Polygon now? Keep reading to find out.

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What is Polygon?

Polygon (formerly Matic Network) is the first well-structured, easy-to-use platform for scaling and infrastructure development of Ethereum. Polygon effectively turns Ethereum into a full-fledged multi-chain system (also known as the Internet of Blockchains). This multi-chain system is similar to other systems such as Polkadot, Cosmos and Avalanche with the advantages of Ethereum’s security, dynamic ecosystem and openness. Polygon is trying to promote the mass adoption of cryptocurrencies by solving the problems of scalability on many blockchains. It combines the Plasma Framework and the proof-of-stake blockchain architecture. The plasma framework used by Polygon, as proposed by Ethereum co-founder Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.

Should I buy Polygon today?

Polygon has recently fallen to below $2 after some spectacular price gains. Before making this decision, conduct a thorough market analysis.

Polygon Price Prediction

Crowd Wisdom recommends selling in the next few hours with two negative and two positive momentum indicators. One indicator is stable. Of course, you can opt for polygon holding. According to Crypto Bulls Club, 1 MATIC is said to have crossed the $100 mark in 2030.

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