Polygon (MATIC) Trading Down 3.1% Over Last Week

Polygon (MATIC) traded up 1.8% against the dollar during the one day period ending at 0:00 AM ET on February 5th. Polygon has a market cap of $7.55 billion and approximately $202.38 million worth of Polygon was traded on exchanges in the last 24 hours. Over the last seven days, Polygon has traded 3.1% lower against the dollar. One Polygon coin can currently be purchased for approximately $0.79 or 0.00001838 BTC on major exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

  • KILT Protocol (KILT) traded down 2.8% against the dollar and now trades at $0.34 or 0.00000788 BTC.
  • Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded down 2.2% 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.
  • Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded down 0% against the dollar and now trades at $0.0122 or 0.00000029 BTC.
  • Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded down 0.7% against the dollar and now trades at $0.0088 or 0.00000021 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Polygon Coin Profile

Polygon was first traded on March 26th, 2018. Polygon’s total supply is 10,000,000,000 coins and its circulating supply is 9,610,751,805 coins. Polygon’s official Twitter account is @0xpolygon and its Facebook page is accessible here. Polygon’s official website is polygon.technology. The Reddit community for Polygon is https://reddit.com/r/0xpolygon and the currency’s Github account can be viewed here. Polygon’s official message board is blog.polygon.technology.

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 U.S. dollars. Investors seeking to acquire Polygon should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Polygon using one of the aforementioned exchanges.

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