Polygon Network as we all know, was founded in India country in 2017. It was created by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, as well as Mihailo Bjelic, who are all experienced Ethereum developers.

The Matic Network, which launched in 2020, has attracted some of the most well-known brands in the field of decentralised finance, or DeFi, such as Decentraland and MakerDAO. In February 2021, the Matic Network changed its name to Polygon. The Polygon team raised $5.6 million in ETH in April 2019 with the sale of 1.9 billion MATIC tokens over a quick 20-day period in its inaugural offering.

---

---

Polygon is a scaling solution that promises to give several techniques to boost the speed of transactions on blockchain networks while lowering the cost and complexity. MATIC is the Polygon network's native cryptocurrency, and it's used to help drive development across the network, as well as for staking and paying transaction fees.

By giving computing assets and services to the Polygon (MATIC) network, customers can earn Polygon ( MATIC) tokens. Validating transactions and executing smart contracts on the network are two ways to accomplish this.

Polygon bills itself as a layer-2 network, which means it is an Ethereum add-on layer that does not intend to alter the original blockchain layer. Polygon, like its geometric namesake, has numerous sides, shapes, and applications, and it provides a more straightforward framework for creating interconnected networks.Polygon wants to see Ethereum (ETH) grow in terms of security, efficiency, scale and utility, as well as boost developers to design more appealing products.

• EXCHANGES

Polygon (MATIC) is traded on several prominent cryptocurrency exchanges, including Binance, FTX, Bithumb, Huobi Global, Bitstamp, FTX US, Kucoin, Gate.io, MEXC, Coinone, OkEX, Wazirx, bybit, bitfinex, Kraken, Gemini, and others. The screenshots of exchanges that list MATIC currency are shown below.

---

• COINMARKETCAP DETAILS

According to the website of Coinmarketcap, Polygon is available for $1.56. It has a 24-hour change of $0.1185 dollors. Its 24h Low / 24h High is $1.41 / $1.59, which is incredible. It has a 24-hour trading volume of $1,525,630,408.36 dollors. It has a 0.65 percent market share. It has a Market Rank of 16th. It has a market capitalization of $11,741,144,469.03 dollars. It has a fully diluted market capitalization of $15,576,249,161.85 dollors. It reached an all-time high of $2.92 two months ago. It reached an all-time low of $0.003012 three years ago. The ROI of a polygon is 34354.02 percent. It has a total supply of 7,537,850,960 MATIC. The entire supply of MATIC is 10,000,000,000, while the maximum supply is 10,000,000,000.

Why are you optimistic on this token today, and how long do you think it can rise?

I have many reasons to be optimistic about this coin. The first reason is that this coin is in the top 20 crypto coins in the world according to the market cap, which is a big deal for it. Another important reason is that this coin is a layer 2 solution of a top cryptocurrency called Ethereum and its transaction fee is very low and it works very fast. Also, its supply is much less than the rest of the coins, which is a good thing for it. Its maximum supply is 10 billion coins, which is very small if we compare it with Cardano and some other coins. Due to its limited supply in the future, we may see a big jump in its price. Their community plays a vital role in the development of any coin, and if we count the number of followers of this coin on Twitter, it is about 1.2 million, which is a lot.

Also, the Matic team is very hardworking and works on it day and night. I am looking forward to its bright future. So, these are some reasons of my optimism on this coin.

How to analyze the token? (using the analysis knowledge learned from professors’ courses) — important part and Your plan to hold it for a long time or when to sell?

To eliminate noise and erroneous signals generated at random, I opted to conduct my technical analysis using the Heikin Ashi chart. I changed my timeframe to one day because I want to hold polygon matic for a long time, and I also used the MA periods of 9 and 21 as well as the RSI indicator to help me understand it better. Because the price is still moving in a bullish trend as shown in the screenshot below, I decided to enter at that point. Because this coin is approaching its strong support, and the 9MA line is also a solid support for it. Then I look at the RSI, which has a value of 43. As a result, I submit my entry.

I was enter at the price of 1.53 dollors, considering it a major support on one-day time frame, with the intention of holding this coin for a long time. My transaction information are listed below.

So you can see the details of my transaction in the images above. My intention is to sell it for 2.50 dollors. And, if we're talking about the polygon (matic) coin's future, it'll be brilliant. And, if we talk about how long it will rise, I believe that it will touch 5 dollors at the end of this year.

Do you recommend everyone to buy? and the reasons for recommending/not recommending.

First and foremost, anytime you want to purchase a cryptocurrency, conduct your own study. Before purchasing this project, look at all of its aspects and use cases. As a result, I did not promote this currency to everyone because no one can forecast the future and not everyone shares my viewpoint on this project. As we all know, the cryptocurrency market is extremely volatile, and no one can afford to lose money. I didn't say polygon (Matic) isn't a decent project; it's a future potential coin because of many reasons like less supply, good rank, huge community and many other things, in my opinion. But everyone has their own point of view about polygon (MATIC). As a result, I did not recommend that everyone buy this coin. Because Polygon is a risky crypto asset that is prone to market fluctuations. So, before investing money in MATIC coin, you should do your own research.

Anything other users want to share about the token/project.

Polygon MATIC was one of the most profitable cryptocurrencies in 2021, with a high of $2.92 and a low of $0.0178. In just a year, that's a 16,000 percent rise!

My final words for this coin is that the Polygon is still in its early stages, it offers a compelling use case that will help it grow in the long run. Despite this, it had already accomplished a great deal prior to its rebranding, hosting over 80 DApps, completing over 5 million transactions, and securing the funds of over 55 million members.

Polygon hopes to integrate the essential features that distinguish blockchain projects like Polkadot and Cosmos into Ethereum. And the fact that Ethereum is the most popular blockchain for smart contracts further adds to Polygon's success.