What is Polygon (MATIC)? Coin prediction for 2024, should I invest?

Polygon is ? The coin, formerly known as Matic Network, aims to improve the speed, cost, and complexity of transactions on the Ethereum-centered blockchain network. which is a blockchain-based platform Decentralized application (dApp) or decentralized application It allows all developers to join in developing various applications. There are also many interesting things on the Ethereum blockchain, such as joining the Metaverse world, playing NFT games, buying and selling NFT artwork, and financial services. A variety

These activities slow down the Ethereum blockchain due to the increasing number of users. Polygon MATIC is like a supporting blockchain on the Ethereum side, which we can call a Layer 2 solution for Ethereum, which Polygon will focus on. In the matter of Scaling or expanding the size of safety, efficiency and various usability. It aims to enable developers and users who come to use the blockchain to work quickly and efficiently. Ready to reduce transaction fees even more

MATIC is an ERC-20 token on the Ethereum blockchain and is the neutral currency of the Polygon platform, which helps scale Ethereum's Layer-2 infrastructure to help strengthen Ethereum's capabilities. To support a variety of work functions To reduce fees and speed up network operations, Polygon uses a Proof-of-Stake consensus system that uses MATIC coins to guarantee the accuracy of transaction verification and receive rewards for validating transactions.

Latest Polygon (MATIC) news update

First of all, let's continue updating the news. Recently, news sources revealed that Polygon is ready to spend more than 144 million baht to support Starbucks in starting an NFT project. Starbucks seems to be sincerely interested in Web3's entry. Participate in overseeing the Odssey program or the pilot program in bringing NFTs as the core of the loyalty program. In this 18 month trial period, in addition to Polygon's side that has already submitted this offer to this brand. It has also been offered to brands like Nike. Polygon has advised Starbucks to use Liquid Network, a Bitcoin layer-2 offering that comes with extensive funding. This points collection program can sell for prices as high as 100 dollars per piece. Expect to make over $250K for sure.

Later, with the price of Polygon (MATIC) coins, although during this period the market Cryptocurrency It will look like a red market. But there are still new predictions that The price of the coin will surge further to 45% and this may create a memorable event like ATH as well. Recently there has been news about Decentralized Platform that is still under development But there are plans to release interesting gambling games for crypto fans to watch the process. This is attractive to investors who are looking for opportunities to generate higher returns. In addition, of course, there are many brands that use it. Decentralized We are not specifically pointing out or intending to invite you to invest in any way. If you are interested It is necessary to study and find additional information first.

Polygon (MATIC) coin price analysis

Polygon's real-time price today experiences trading at ฿36.18 per (MATIC / THB) with a current market cap of ฿358.40B THB and a 24-hour trading volume of ฿23.19B THB. MATIC to THB price updates in real time, with Polygon moving +7.45% over the last 24 hours. And it has a circulating supply of 9.91B. We will analyze it daily and weekly. There is slight movement in the uptrend channel. And the current wave of MATIC coin is the 5th wave of a larger 3rd wave. which should not enter the 60 cent range

This is because overlap may occur and the analysis will not be useful, however, over larger timescales. I will present it after the current operation is finished. We will also consider the possibility of a larger supercycle that may also form a flag. Wave 3 completed the area marked by wave 5 structure, but there is now a three-wave correction. This can also be followed by an upward wave that is larger than 5. Moreover, if the wave corrects into the 60 cent range, this situation will be void. And then we have a finished signal three-wave scenario. This wave of movement should at least be able to reach the original ceiling. which can circle up the full distance After that we should see a 2 wave higher cycle correction or super cycle.

from analysis We are now in the microwave of wave 5 of 3, which according to momentum should end above 100% of the Fibo of the previous wave, i.e. in the red box. Then you should wait for wave 4 correction in the first red box. You can wait for a reaction to occur. And if there is a negative reaction You can record temporary profits or track profit limits. After moving above 100% of the previous wave. It should be able to break through this supply area with support at 0.97, so the next target is 1.061 – 1.077 after touching the supply range of 5 of 3 waves, it is finished and after a short correction.

Things to consider before investing in Polygon

Before you invest in Polygon (MATIC) tokens, it is important to understand the information about the token and the platform carefully. Here are 5 topics that you should consider carefully. for stable investment

Choosing a secure payment method

You should pay attention to choosing a secure payment method. For convenience and to prevent unexpected losses. You should study and compare different payment methods. that the platform has to choose from Consider your needs and the amount of money you have. Including additional features such as security level Transaction speed Because transferring money via bank may take a long time. But there are advantages to paying small amounts.

Setting up your own wallet

You should consider what kind of wallet you will need. Using the correct wallet is important to prevent unexpected losses. The platform may already have a crypto wallet that supports storing MATIC tokens, but using Polygon's private wallet is a safer alternative. Because there is a risk of being hacked or shut down by yourself.

cost comparison

You should consider the costs involved, such as fees for moving MATIC tokens between wallets. You yourself will be responsible for such expenses. Transaction fees in the crypto world are lower than fiat currencies, and Polygon is a second layer. This makes usage costs significantly lower compared to Ethereum using Proof of Work (PoW).

Safety and security

How safe and secure is the Polygon token? The security and consensus systems of the network should be surveyed. The token uses Proof of Stake (PoS), which works without any unnecessary power loss, and the Plasma Framework, which makes it more secure. Moreover, trading centers and brokers also have security systems such as: Using passwords and 2FA systems and whitelisting wallet addresses

Understanding and Navigating Platform Interfaces

Take the time to explore and understand the functionality. on the platform you are about to use the service Includes Polygon trading methods and available analysis tools. Understanding these functions will allow you to accurately assess the suitability of the platform for your investment needs and objectives.

All of these considerations will help you make a solid and confident investment decision in Polygon. These five tips will help you to be a well-informed and well-informed investor before you venture into the Polygon token market, and so that you can successfully and efficiently complete your investment. as much as possible Continuously following data and analysis is essential to making informed and solid decisions about your investments over the long term. Wishing you success in your investments!

Summary of the future of investing in Polygon coin (MATIC)

Polygon is an exciting DeFi project with a bright future. It has the scalability and interoperability of blockchain. The team is committed to providing the best service and developing a flexible ecosystem, connected to Ethereum, making the investment community understand the importance and reality of this project.

The combination of these qualities is a recipe for sustainable growth. Featuring an extensive toolkit for developers, advanced mechanics, and comprehensive support for the Ethereum Virtual Machine (EVM), we could soon see more flourishing projects entering the Polygon ecosystem in the future. Traders can transact Matic through the platforms HTX (Huobi), Binance, KuCoin, and Kraken, among others.

Frequently asked questions

Q: What are the differences between Polygon and Ethereum?

A: Polygon coin is a layer 2 solution for Ethereum that increases efficiency and reduces transaction fees with Plasma Framework and Proof of Stake (PoS) for faster and more secure transactions. It is a side-chain that solves the problem of delays and fees. of Ethereum with smooth operation and higher efficiency.

Q:What is MATIC?

A: MATIC is Polygon's ERC-20 token used to lock and support the operations of the Polygon network. Users can use MATIC to log and participate in network events. Paying dues and participating in governance through PIP is essential to the development of DApps on Polygon.

Q:Should I invest in Polygon (MATIC)?

A: When deciding to purchase Polygon, you should consider risk management carefully. This is because the digital market is very volatile and requires consideration of fundamental factors and analytical techniques. It is advisable to invest carefully in all cryptocurrencies.

exchange Cryptocurrency Best in Thailand 2024