Polygon Reaches Market Capitalization of $441.30 Million (MATIC)

Polygon (MATIC) traded down 3% against the U.S. dollar during the 24-hour period ending at 8:00 AM E.T. on March 10th. One Polygon coin can now be purchased for $0.23 or 0.00000277 BTC on popular cryptocurrency exchanges. Polygon has a market cap of $441.30 million and approximately $5.13 million worth of Polygon was traded on exchanges in the last day. In the last seven days, Polygon has traded down 18.6% against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Taiko (TAIKO) traded down 1.3% against the dollar and now trades at $0.76 or 0.00000918 BTC.
• 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 2.2% lower 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.
• Hokkaidu Inu (HOKK) traded 1.2% higher 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.
• SolvBTC (SOLVBTC) traded down 1.5% against the dollar and now trades at $83,145.20 or 0.99814303 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 3.8% against the dollar and now trades at $81,916.87 or 0.98339715 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Polygon

Polygon was first traded on March 26th, 2018. Polygon’s total supply is 10,000,000,000 coins and its circulating supply is 1,913,783,718 coins. Polygon’s official Twitter account is @0xpolygon and its Facebook page is accessible here. The official website for Polygon is polygon.technology. Polygon’s official message board 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 possible to buy alternative cryptocurrencies such as Polygon directly using US dollars. Investors seeking to acquire Polygon should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Polygon using one of the exchanges listed above.

MATIC/USD price chart by TradingView