Polygon is a layer 2 token built on the Ethereum network. It has all the advantages of Ethereum security and reputation while at the same time eliminating the disadvantages such as slow transaction times and expensive transactions. It is true that Ethereum 2 which is being rolled out later this month will be much cheaper and faster, but in spite of that Polygon (MATIC) is likely to be faster and cheaper still. The MATIC blockchain uses Zero Knowledge Rollups that basically compute transactions off chain with the result that transactions do not require more energy as compared to Proof of Work consensus. MATIC is compatible with Ethereum making it easy for Ethereum developers to use Polygon. This means it is interoperable to other Etherium d´Apps at much cheaper fees than Ethereum. Matic already has 19000 dApps running on its network but the rate of return on investment of those Apps is not very high. Aswell as being suitable for smart contracts,and interoperable Dapps Matic is also suitable for NFT´s (non fungible tokens), a massive emerging market.
MATIC has recently been trading around 80 cents which is less than a third of its price in December 2021. Given the growth in Matic´s use which is likely to go on, we feel that this is only a matter of time before it reaches it´s all time highs again. As Ethereum 2 is introduced, it will make Ethereum much more efficient and attractive, and MATIC is well positioned to benefit from this. At a price of $1.70 to $1.8 MATIC would still be a bargain; once the overall cryptocurrency market recovers, we feel MATIC will be quick to recover those levels.