What is Polygon (MATIC) Indian Cryptocurrency? How to buy?

New Delhi: Polygon used to be known as the MATIC network is an Ethereum token that is used to power the Polygon Network, an Ethereum multichain scaling solution. It rebranded itself as Polygon in February 2021.

It has been one of the most outstanding performers of 2021 by gaining over 1,500%. The coin entered the list of the 15 largest cryptocurrencies by market cap and recovered from the collapse from an all-time high of $2 to $0.87 and touched $2 again.

The Matic coin is unaffected by high transaction fees owing to congestion, unlike Ethereum and Bitcoin. The market capitalization of Polygon made the creators of the coins Billionaire. According to Coinmarketcap.com, it is presently among the top 20 crypto tokens in the world, with a market cap of $13 billion.

Price Predictions

According to digitalcoinprice.com, MATIC might be a rewarding investment in 2021 and beyond. MATIC tokens could reach $3.05 in 2021, $5.5 in 2025, and $9.41 in 2028, according to the company’s pricing predictions.

Right now, Matic has a low market valuation The MATIC-USD token could easily end up moving up 2 to 3 times that level over the next two or three years.

How to Buy Polygon (MATIC) in India?

WazirX

WazirX offers Polygon. Download the WazirX app and sign up for the account. Before you start investing in Dogecoin, you need to do eKYC and enable the 2 Factor authentication. You also need to add your bank details to add and withdraw money.

Once you have added your bank account and perform KYC, you can check the available list of coins for trading. Tap on the Buy button in front of Dogecoin and then enter the amount you want to invest in the Dogecoin. You can make payments directly through bank deposit, credit card, debit Carr or UPI.

Binance and Coinbase have backed Polygon (previously Matic Network), a Layer 2 scaling solution. The project aims to increase cryptocurrency acceptance by addressing scalability issues across several blockchains.