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Polygon Cryptocurrency Price: Instead, Investors Are Quickly Turning to These Alternatives

Polygon Cryptocurrency Price: Instead, Investors Are Quickly Turning to These Alternatives

Launched in 2017 as a cryptocurrency that will solve Ethereum’s scalability issues and provide a better Tier 2 solution, Polygon (MATIC) quickly gained notoriety and attracted the attention of traders.

With its ability to make transactions much faster, it didn’t take long for Polygon to make it into the top 20 list of cryptocurrencies ranked by market capitalization.

However, after reaching an all-time high of $2.5 in December 2021, Polygon’s business slowly started to deteriorate.

The bear market has not been kind to the project and the currency is constantly trying to hold on to its psychological targets.

In addition, if the Ethereum merger is successful in solving network scalability and transaction speed issues, Polygon will have to find new ways to attract developers to its network.

Written by khirou

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