Polygon Is Now Part Of Mark Cuban Company Portfolio!

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(Edited)

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Polygon (previously MATIC) is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It aims to tackle the scaling issue of Ethereum by connecting various scaling solutions from side chains to Layer 2 options. Currently, they provide Matic POS and Matic Plasma chain as the two most used scaling solutions. It also provides a framework to let others build their own customizable scaling solutions as per the requirement. Hence, the polygon is now has expanded its scope to become an aggregator of these solutions which would eventually resolve scalability issues of ethereum (High Gas fees & Congestion).

In the past month Polygon(MATIC)'s price has seen a rise from $0.3562 to $1.7174. That's around 5x raise in one single month.

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After the recent market crash, it has surged more than 100 % in 24 hours. I am not sure but many crypto experts are predicting the price to reach $10 by the end of this year. I think it can happen now because they have announced this a few hours ago:

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Mark Cuban is known to be an Ethereum loverboy. It's no surprise that he has added Polygon to his portfolio since it's one of the major projects related to Ethereum which is going to solve a huge problem for the ecosystem. Mark has recently started investing in several crypto & blockchain-related projects. This news will definitely push Polygon's price a little further towards $10.

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Did you buy Polygon during the dip? I got myself a few of them and now thinking to explore the staking opportunities to make more of them. I will keep buying them with every dip since I am very bullish on this coin.

Is it a good choice by Cuban? Do you think this news will have any effect on the rising price?

Comment below!

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Great post! I too had noticed this growth of MATIC. thanks for sharing this post

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Thanks a lot @stefano.massari. I think it is safe to bet on this coin since they are solving a huge problem that ETH is dealing with right now.

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I knew that MATIC had to solve a Sapien Network (Ethereum social network) problem. As for MATIC, I also heard about it 6 months ago. Sapien Network still doesn't work.

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Matic is solving high gas fees and congestion of the Ethereum Network! With polygon, they are going to introduce multiple scalability protocols to ETH.

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(Edited)

This coin is positioned to go up in price and support.

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I am looking at polygon the way
I miss on BNB. I know they have to go
a step further. It could be an eye opener.
Crypto has a habit to start hot and cool off in between.
I did put my hands on quite a few and hope to forget about
it till it reaches the stars.
You mention staking of polygon, that is something you need
to write about.
Be waiting!

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Yeah, it goes up and down in no time. So there will be buying opportunities in the future.

You mention staking of polygon, that is something you need to write about.

There are a few options available in the market where you can get ARR on staking Matic. I will explore them and make a post for sure.

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Did you buy Polygon during the dip?

No I didn't. I was suggested it a few times though.

Is it a good choice by Cuban? Do you think this news will have any effect on the rising price?

I don't know since I haven't researched it enough. As for the news, it will probably add a bunch of new investors but I am not sure if its good or bad for the price. I expect a lot more volatility since these guys are just chasing.

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Yeah, even I expect a few price dips happening in the near future! I want to buy some of them.

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polygon having quite some buzz around here. read about three post on it this morning alone.

Guess this should be a great add to my portfolio for the long-term.

With mark Cuban joining the polygon bandwagon. This is surely going to increase the price

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That's right buddy! It's a great news for the project and might push the price to the next support level.

Fill your bags with Matic in the next dip. 😉

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I have me a few $MATIC. This is a really good project and I have studied on it quite a bit as well.

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That's cool Dan. This coin is on my watchlist and I think I will be buying more. ;)

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