Polygon has seen a price increase of 286% in the last 30 days.
What is Polygon
Polygon, originally known as the Matic Network, launched in 2017 during the last crypto market bull run.
The coin has recently seen a strong price run in the last month, accumulating in an all time high price of $1.86 over the past few days.
With the Ethereum network currently seeing congested traffic and high gas fees, Polygon is seen as a solution by offering a PoS ahead of Etheruem’s proposed future upgrades, leading many users to consider buying due to both its fundamental strengths and recent price rise.
Where to buy Polygon?
Plus500 is one of the UK’s top trading brokers. Offering products on cryptocurrencies, stocks and commodities, the broker offers an easy way to buy, sell and trade cryptocurrencies such as Polygon.
The platform also features plenty of beginner friendly features, such as a learning centre and an intuitive easy-to-use user interface.
To purchase Polygon on Coin Kong, users will need to register for their account verification. Coin Kong connects customers to the most premium brokers available in their countries, and automatically lists those offering the lowest commission deals in the market. Coin Kong offers all the major cryptocurrency coins, from Bitcoin to Ethereum, as well as 100s of altcoins, and those newer ICOs.
It’s the preferred option for traders looking to grow their portfolios with access to the best coins in the market. Please note that this platform is only available to non-US customers.
What is Polygon?
Polygon can be seen as an adage to Ethereum – the second largest cryptocurrency by market cap – as it boosts the scalability and feasibility of using decentralised apps (dApps).
Using what’s known as the Plasma Network, Polygon works by offering lower costs for developers for creating dApps, which can then be pushed onto the Ethereum main in one fell swoop.
Polygon has been making significant price climbs over the past seven days as more traders enter the market to buy the coin.