Bitcoin and Ethereum are the crypto industry engines, setting trends and driving the industry’s development. Since the emergence of Bitcoin, hundreds of other digital coins have been developed. Many of them aimed to offer solutions that would solve BTC’s limitations, such as scalability.
Ethereum is the network for developers to build and deploy smart contracts, decentralized apps, blockchain games, and other products. Also, Ethereum is the base for many other crypto assets developed on the Ethereum blockchain. One of such assets is MATIC, released by the Polygon project, which is trying to compete with the Ethereum network.
MATIC is quite a widespread asset throughout all large crypto platforms. As of December 12, 2022, the MATIC USDT rate is 0.88, which indicates the current token’s price in dollars.
What is MATIC, and What is the Current Polygon Crypto Price?
The MATIC token runs on the ERC-20 protocol. The token is used for transaction fee payments within the Polygon platform, and it is also used for the platform’s governance.
Polygon creators aimed to create a network with extended interoperability and high safety. The platform allows:
- Other networks to interact with the Ethereum blockchain
- Adoption of networks
- Building customized networks
- Cheap fees
- Speedy transactions
As of December 12, 2022, the Polygon price is $0.88. In November, the price jumped to $1.27 but then dropped to $0.81. Experts believe the coin will reach $3.99 in 2025, $4.87 in 2026, $5.76 in 2027, $6.64 in 2028, $7.53 in 2029, and $8.42 in 2030. So it is worth thinking about investing in this asset.
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