Polygon (MATIC) is up 5% today after dropping 12% in 7 days: here’s where to buy it

After week-long price drop, the price of Polygon (MATIC) has today surged by 5.22% in what seem as an end to the recent price drop.

To help investors and traders who want to buy Polygon (MATIC), Invezz has created a brief article to help with identifying the best places to buy it.

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Best places to buy Polygon token

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

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eToro

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Disclaimer

What is Polygon (MATIC)?

Polygon (MATIC) is the native token of the Polygon blockchain network.

Polygon blockchain network was formerly known as Matic network and it is Layer 2 scaling solution backed by Coinbase and Binance. It actively transforms Ethereum into a full-fledged multi-chain system and thus the reason why it is commonly referred to as the internet of blockchains.

Polygon is similar to Avalanche, Cosmos, and Polkadot with the only difference being that Polygon uses Ethereum’s security and has a more vibrant ecosystem. It combines Plasma framework with Proof-of-stake consensus mechanism to allow for the execution of scalable and autonomous smart contracts.

The key components of Polygon include the Polygon SDK, a flexible framework that supports the creation of different applications, and a modular.

Should I buy the Polygon token today?

If you want to invest in a cryptocurrency that is coming from a recent price drop, then Polygon (MATIC) coin could be a good choice.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

MATIC price prediction

Analysts believe the recent $MATIC price drop has come to an end and that the coin will rally in the coming days. Majority believe it could hit at least $2.0 by the end of the month.

$MATIC social media coverage