Polygon: What Is It and Is It a Good Crypto to Invest In2023?

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 What Is polygon?  that aims to solve the problem of wealth distribution on the polygon blockchain. It has a total supply of 500 million tokens, with 200 million currently in circulation. 

he project began back in 2017 when it was created and launched as the Ethereum blockchain, where it remains today. 

Polygon also has its own blockchain, which will be live in Q1 2019 and will enable faster transaction speeds and lower costs than Ethereum, according to the company’s website.

Polygon: What Is It and Is It a Good Crypto to Invest In?

What is Polygon?

Polygon is an polygon blockchain -based token that looks to improve on various features of cryptocurrencies like Bitcoin. 

The platform seeks to be highly scalable through its use of side chains and sharding, which it calls microchains. 

This means that even though we may be talking about tens of thousands of transactions per second (and millions in future iterations), each transaction is handled independently. 

Additionally, Polygon claims that it will be capable of providing digital identities for users via external third parties. 

As with any investment, you should proceed with caution as there are risks involved in any digital currency or blockchain project. 

This guide explores some important questions you should consider before investing your money into Polygon or any other cryptocurrency projects.

Why Should You Consider Polygon?

Polygon is one of several new cryptocurrencies that’s shaking up the market. Unlike Bitcoin, which has a maximum supply of 21 million coins, or Ethereum with its hard cap of only 99.9 percent, Polygon is infinite. 

That’s right—no matter how many Polygons get mined (thereby increasing in value), there will never be an end to them. Whether you believe in blockchain technology or not, there are several other reasons why Polygon is good for investors. Let’s explore them here…

How To Buy Polygon

Polygon can be purchased on a number of different cryptocurrency exchanges. You can purchase using US dollars, euro or bitcoin. To find out how to buy Polygon, refer to CoinMarketCap for instructions on which exchanges it is listed on and where you need to go in order to buy. 

All major exchanges will have their own instructions when it comes time for you purchase your coins. Check out CoinMarketCap’s how-to-buy guide as well, which may also help with some more details. 

As always when investing, do your research first! The majority of all purchases should be made at Binance, since they have shown great support over time.

Best Way to Store Your Coins Safely

The safest way to store your crypto coins is with an offline hardware wallet like Ledger, Trezor or KeepKey. These wallets store your private keys offline so there’s no risk of having them stolen by hackers.

 Hardware wallets are also very convenient because they don’t require you to enter any kind of personal information or passwords; just plug in, connect to your computer, open up the app and start transacting. 

The best part is that even if you lose your hardware wallet, it can be replaced by following some easy steps via phone. So even if you lose $50k worth of coins it won’t matter! 🙂

Is Polygon coin good investment?

Even as recently as November 2017, Polycoin had reached its all time high of $0.52 per token. Since then, it has steadily dropped over 50%, which is almost unheard of in an industry where even a slight dip in value can be construed as crashing. 

Although Polygon (PLG) is showing some signs of life lately, it hasn’t been enough to keep up with Bitcoin, let alone some of the big hitters like Ethereum or Litecoin. If you are looking for a fairly stable cryptocurrency that may show some upward momentum in 2018, Polygon may be your best bet if you want something outside of Bitcoin or Ethereum.

What is Polygon crypto good for?

Polygon crypto is good for investors looking for profits with little risk. Investors looking for big gains in market cap should probably look elsewhere. 

The coin has risen from $0.2 to over $1.00 within 2 months, but some experts worry that it may have grown too quickly, and could crash like many other cryptocurrencies have in 2018. 

If you are interested in buying Polygon, there are several options out there – Kraken (trade volume $68M), Binance (trade volume $26M), or Coinnest (buy with KRW). Your best option is probably Binance because of its low fees; you can transfer 0.1 ETH on Binance for only $0.01 fee – much lower than on Kraken or Coinnest.

Will Polygon Matic reach $100?

Looking at what we know about Polygon, there’s a lot of reasons for investors to be optimistic. 

From its detailed roadmap, niche market, large supply of tokens and strong community interest, it seems like one of those investments that could see an explosive growth in value. 

And that would certainly make Polygon reach $100 dollars easily—and even beyond! But things aren’t always as easy as they seem. There are many factors at play when it comes to cryptocurrency investing—especially when you’re dealing with a relatively unknown coin. 

No matter how good something looks on paper, we have to remember that investing is all about risk vs. reward.

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