What determines the price movement of Polygon (MATIC)?

There are two schools of thought when it comes to determining the price of a cryptocurrency like Polygon. By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Polygon, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Polygon. By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Polygon on the basis that history tends to repeat itself. Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Polygon. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Polygon and the broader cryptocurrency market.

What is the highest price of Polygon price in history?

Polygon achieved the all-time high of 2.92 in 2021-12-27, and is currently trading at 0.17717.

What is the lowest price of Polygon price in history?

Polygon reached its all-time low of 0.00314376 on 2019-05-10.

What is the current market cap of Polygon?

The current market cap of Polygon is 336584156.89485997, as 1899780758 MATIC is trading at the price of 0.17717.

How many Polygon are there in the market?

There are currently 1899780758 MATIC circulating in the market. These Polygon can be actively traded or used in the open market.

What is the maximum supply of Polygon?

The maximum supply of MATIC is 10000000000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

What is the fully diluted market cap (or FDV) of Polygon?

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Polygon is 1771700000.000000. The FDV is calculated taking the assumption that all supply of Polygon is circulation, multiplied by its current price of 0.17717.

What is the price prediction of Polygon ?

Using an algorithm to automatically identify historical data trends, this Polygon price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Is Polygon a good investment?

Polygon offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Polygon and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Polygon.

You can buy Polygon via Gate by following the steps on how to buy MATIC once you have funded your account.

Polygon Price

MATIC

This cryptocurrency is not listed for trading or services on Gate.

Polygon (MATIC) Price Live Chart

Polygon (MATIC) Price Today

Polygon (MATIC) price today is $0.1771, with a 24-hour trading volume of $0 and as such Polygon (MATIC) has a market cap of $336.58M, giving it a market dominance of 0.045%. The Polygon (MATIC) price moved +0.00% in the last 24 hours.