Polygon Profile


USD 1.03  0.10  10.75%   

Market Performance
9 of 100
Odds Of Distress
Over 83
Polygon is trading at 1.03 as of the 16th of August 2022, a 10.75 percent up since the beginning of the trading day. Polygon has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for Polygon are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of July 2022 and ending today, the 16th of August 2022. Click here to learn more.
Polygon is peer-to-peer digital currency powered by the Blockchain technology. More on 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 expressing a bullish 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 reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Polygon's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Polygon or challenge it. These highlights can help you better understand the 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 www.latimes.com: Hiltzik The victims of the collapse of crypto firm Celsius - Los Angeles Times
Thematic IdeaUSD Crypto Fund (view all)
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 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. Matic provides scalable, secure and instant transactions using sidechains based on an adapted implementation of Plasma framework for asset security and a decentralized network of Proof-of-Stake validators. In short, it allows anyone to create scalable DApps while ensuring a superior user experience in a secure and decentralized manner. It has a working implementation for Ethereum on Ropsten Testnet. Matic intends to support other blockchains in the future which will enable it to provide interoperability features alongside offering scalability to existing public blockchains.Matic Network is expanding tech scope and mission and becomingPolygon Ethereums Internet of Blockchains.Existing Matic solutions remain functional and high priority.All the existing\nMatic solutions and implementations, primarily Matic PoS Chain and Matic Plasma Chains,remain fully functionaland will continue to be developed and grown as very important components of the Polygon ecosystem.These implementations will not be impacted or changed in any way, andno action is requiredfrom developers or end-users. TheMATIC token will continue to exist and will play an increasingly important role,securing the system and enabling governance.See the official announcement.Polygon isa easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting two major types of solutionsSecured chains Scaling solutions that rely on Ethereum for security instead of establishing their own validator pool.Stand-alone chains Sovereign Ethereum sidechains, normally fully in charge of their own security, i.e. with their own validator pool.Telegram KakaoTalk Reddit MediumWhitepaper
Coin TypePolygon
IndustryBlockchain-Specific Application
Collateralized AssetNo
Technology Adoption RatingB+
Market Performance RatingC-
Built OnETH
White PaperView
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2018-03-26
Full NamePolygon (MATIC)
Asset Website Urlhttps://polygon.technology/
Platform Typetoken
Coin NamePolygon
Total Coins Mined10 Billion
Smart Contract AddressView
Polygon (MATIC) is traded on CRYPTO Exchange. Polygon is peer-to-peer digital currency powered by the Blockchain technology.

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 1.71%. 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 the crypto coin has a beta coefficient of 2.06. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Polygon will likely underperform. Additionally, the company has an alpha of 0.8172, implying that it can generate a 0.82 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 1.03HorizonTargetOdds Above 1.03
98.28%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 1.71 (This Polygon probability density function shows the probability of Polygon Crypto Coin to fall within a particular range of prices over 90 days) .
Polygon is peer-to-peer digital currency powered by the Blockchain technology.

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

The output start index for this execution was zero with a total number of output elements of sixty-one. Polygon Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Polygon price patterns.

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 expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. 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 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 Stocks Correlation. Note that the Polygon information on this page should be used as a complementary analysis to other Polygon's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Other Tools for Polygon Crypto Coin

When running Polygon price analysis, check to measure Polygon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital 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 action to predict the probability of Polygon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Polygon's price. Additionally, you may evaluate how the addition of Polygon to your portfolios can decrease your overall portfolio volatility.
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