Polygon Profile


USD 0.81  0.01  1.22%   

Market Performance
10 of 100
Odds Of Distress
Less than 38
Polygon is trading at 0.81 as of the 25th of September 2022, a -1.22 percent decrease since the beginning of the trading day. Polygon has about a 38 percent probability of financial distress in the next few years of operation but had a somewhat ok performance during the last 90 days. Cryptocurrency ratings for Polygon are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of August 2022 and ending today, the 25th of September 2022. Click here to learn more.
Polygon is peer-to-peer digital currency powered by the Blockchain technology. More on Polygon

Moving together with Polygon

Polygon is an online market maker for p2p online currency indicated as Cryptocurrency. Polygon has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Polygon are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Polygon are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Polygon Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Polygon's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Polygon or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Polygon is way too risky over 90 days horizon
Polygon has some characteristics of a very speculative cryptocurrency
Polygon appears to be risky and price may revert if volatility continues
Latest headline from Macroaxis: Comprehensive Overview of MATIC
Thematic IdeaUSD Crypto Fund (view all)
Polygon is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 27 exchanges in multiple currencies. The Ethereum blockchain is home to thousands of smart contracts and decentralized applications. The flurry of activity on it has seen transaction fees make using the network economically unviable for some of its users, creating demand for scaling solutions, like Polygon.What is Polygon?Polygon (MATIC) is a Layer-2 scaling solution for Ethereum that provides users with faster transactions and lower costs as a parallel blockchain running alongside the main Ethereum network.To use the Polygon network, users have to “bridge their tokens from Ethereum to it. There are numerous decentralized applications built on top of Polygon, including several leading Ethereum-based protocols that have made their applications work on both networks.The Polygon network can be used through cryptocurrency wallets compatible with Web3 applications such as MetaMask or the Coinbase Wallet. These are wallets that can interact with smart contracts on the blockchain and can be found built-in to some web browsers such as Opera and Brave.What is the MATIC token?The MATIC token is Polygon’s native currency, used to pay for transaction fees on the network. The cryptocurrency is also Polygon’s governance token, which means MATIC token holders get to vote on change proposals to Polygon.As the network uses a Proof-of-Stake (PoS) consensus algorithm, MATIC can be staked to help secure the network in exchange for rewards in MATIC. The ticker MATIC comes from a previous stage of Polygon’s development, as at launch it was named the MATIC Network.Who Created Polygon?Polygon was first launched back in 2017 as the Matic Network by several Ethereum developers: Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The network went live in 2020 and quickly attracted some of the largest DeFi applications.The network raised the equivalent of $5.6 million in TH with the sale of 1.9 billion MATIC tokens back in April 2019.The Polygon network currency has several blue-chip DeFi applications launched on top of it, including decentralized exchange Uniswap, lending platform Aave, and decentralized lottery platform PoolTogether.Where Can You Buy MATIC?The cryptocurrency is currently being traded on most top cryptocurrency exchanges, including Coinbase, Kraken, KuCoin, Binance, and Gate.io. You can find out where to buy SOL on the cryptocurrency’s markets page on CryptoCompare.
Coin TypePolygon
IndustryBlockchain-Specific Application
Collateralized AssetNo
Market Performance RatingC-
White PaperView
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2018-03-26
Full NamePolygon (MATIC)
Asset Website Urlhttps://polygon.technology/
Platform Typeblockchain
Coin NamePolygon
Total Coins Mined10 Billion
Smart Contract AddressView
Polygon (MATIC) is traded on CRYPTO Exchanges. Polygon is peer-to-peer digital currency powered by the Blockchain technology.

Polygon's Exchanges and Markets

CoinJar Bitstamp ZBG itBit Coinbase Kraken Poloniex BitMart Binance Korbit DigiFinex Gemini Bithumb LBank HitBTC Bitfinex Yobit ZB DDEX IDEX Catex Kucoin Coinone P2PB2B Bibox Bitso CoinEx

Polygon Target Price Odds Analysis

What are Polygon's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Polygon jumping above the current price in 90 days from now is about 38.43%. The Polygon probability density function shows the probability of Polygon crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Polygon has a beta of 0.7759. This indicates as returns on the market go up, Polygon average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Polygon will be expected to be much smaller as well. Moreover, the company has an alpha of 1.4082, implying that it can generate a 1.41 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 0.81HorizonTargetOdds Above 0.81
61.48%90 days
Based on a normal probability distribution, the odds of Polygon to move above the current price in 90 days from now is about 38.43 (This Polygon probability density function shows the probability of Polygon Crypto Coin to fall within a particular range of prices over 90 days) .

Comprehensive Overview of MATIC

Known initially as Matic Network, Polygon is a cryptocurrency for a technology platform that connects and scales blockchain networks. It connects Ethereum-based projects using the Ethereum blockchain. By using the Polygon platform, blockchain projects can improve their flexibility, scalability, and sovereignty while reaping the benefits of the Ethereum blockchain's security, interoperability, and structural benefits. MATIC is a cryptocurrency used on the Polygon network to pay fees, for staking, and for governance (stakeholders get to vote on changes to the Polygon network). MATIC can also be bought and sold on Coinbase and other exchanges.  MATIC originated from Polygon's earlier development stage. Upon launch in October 2017, Matic Network quickly rebranded to Polygon in early 2021.

How does it work?

Polygon can be compared to a faster train that still goes the same path as the regular train but bypasses some stations. Ethereum's main blockchain represents the local train in this analogy. Polygon leverages various advanced technologies to make a quick parallel blockchain and links it to the main Ethereum blockchain. One way to earn on MATIC is by staking; Polygon employs a proof-of-stake consensus mechanism to create new MATIC and secures the program.

Why is Polygon suitable for Ethereum?

Rather than competition, Polygon is reliant on Ethereum and vice versa. The purpose of Polygon is to create an infrastructure that can hold up under the increased traffic of Ethereum, given the rapid increase in mass adoption. Polygon relies more on Ethereum than Ethereum relies on Polygon. This is expected since Polygon is built on Ethereum's blockchain. Using Polygon might greatly help with the speed issue but also devalue Ethereum. That would, in turn, make it more difficult for Ethereum to see significant growth and reduce user interaction in certain places. To be more precise. Polygon improves Ethereum, thus increasing the number of users of the Ethereum blockchain. Thus its value will rise despite the potential for total value locked (TVL) to be stolen from Ethereum.

Where can I buy MATIC?

Based on where you live, you can purchase, send, and receive MATIC if you sign up with Coinbase and other major crypto marketplaces. Since MATIC is an ERC-20 token issued on Ethereum, it can also be purchased using a variety of decentralized exchanges such as Uniswap and Sushiswap. You can also exchange assets between Ethereum and Polygon via the official Polygon Bridge.

Polygon's Advantage

Fast transaction processing: Through a consensus mechanism that completes the confirmation process in one block, Polygon maintains fast transaction processing speeds. Processing blocks in Polygon takes an average of 2.1 seconds.

Low transaction fees: With a typical transaction fee of around $0.01, Polygon keeps its fees for using the platform low.

Polygon's Disadvantage

Not an autonomous blockchain: Polygon is a layer two solution for Ethereum. If Ethereum experiences disruptions or ceases to exist, Polygon's value will likely decrease significantly.

Limited Use: MATIC is designed to pay transaction fees and govern and secure the Polygon platform. Since MATIC is not used for everyday purchases, it is not comparable to other digital currencies.

Polygon Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Polygon market risk premium is the additional return an investor will receive from holding Polygon long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Polygon. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Polygon's alpha and beta are two of the key measurements used to evaluate Polygon's performance over the market, the standard measures of volatility play an important role as well.

Polygon Technical Analysis

When it comes to investing in cryptocurrency, such as Polygon, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Polygon, which is currently traded at 0.81, shows everything you need to know about Polygon market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Polygon, to determine its price movements. However, the Polygon's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Polygon's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Polygon's future price trend
The output start index for this execution was zero with a total number of output elements of sixty-one. Polygon Price Ceiling Movement function is a real number to the largest previous price integer.

Polygon Against Markets

Picking the right benchmark for Polygon crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Polygon crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Polygon is critical whether you are bullish or bearish towards Polygon at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Polygon without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Polygon

You need to understand the risk of getting into digital currencies such as MATIC before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Polygon in four ways:

Buy MATIC through an exchange

Get yourself a crypto wallet before embarking on your Polygon journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Polygon. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Polygon through an exchange

You don't have to buy a full token when starting out since MATIC is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Polygon through a broker

If you don't want to store your Polygon Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in MATIC through an exchange-traded fund (ETF)

You can also invest in MATIC through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Polygon in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Additionally, see Correlation Analysis. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Other Tools for Polygon Crypto Coin

When running Polygon price analysis, check to measure Polygon's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Polygon is operating at the current time. Most of Polygon's value examination focuses on studying past and present price actions to predict the probability of Polygon's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Polygon's coin price. Additionally, you may evaluate how adding Polygon to your portfolios can decrease your overall portfolio volatility.
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