Polygon is a network of secure Layer 2 (L2) solutions and autonomous sidechains. It was made in 2017. and its goal is to increase the scalability of the blockchain $ETH and reduce the cost of transactions. More than 7,000 decentralized applications in the field of DeFi, metaverses, games and NFTs operate on the Polygon blockchain.

As a result, the network has truly become the most popular scaling option for applications.

⭐️ What makes Matic unique?

1) High network throughput and reduced commission.

2) Support for smart contracts, staking and voting for the development of the network among validators.

3) Support for different blockchain networks for transfers between users.

4) The ability to create autonomous blockchain chains in the network with support for the use of the Ethereum infrastructure and a high degree of security.

⭐️Polygon ecosystem

The total supply of the MATIC token within the network is 10 billion. The token is used to pay commissions and settle payments between users. Also, the token is necessary for network validation. Also, the project has its own investment fund created to support new solutions on the network.

🛠️ What about technical analysis?

The coin hit the bottom at $0.5, when the price dropped below this support in July 2022, there was a very quick buyback. There will be confident growth in the coin only after consolidation above the level of $1.5, only in this case can we talk about updating the high. The RSI indicator on the daily time frame is unloaded (48). There is also a neutral zone (49) on the weekly frame - a good time to form an initial investment position. You need to accept the fact that the coin may show a drawdown of up to 40% in the coming months, and if this scenario occurs, you can average the position.

🔎 Ticker: $MATIC

✳️ Entry price: $0.96

🛡 Stop loss: it is better to take a deal without a stop in investment.

💼 Volume per transaction: up to 1-2% of the crypto portfolio.

🎯 Goals: $1.5; $2.6; $4.

📉 Drop potential up to 40%.

📈 Transaction growth potential: up to 170%

The medium-term will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀

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