(Best) Pioneering Polygon a crypto investment with massive potential?

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Ethereumblockchain with Ethereum symbol flying around also sun is coming out of the computer

At the moment the last calculated inflation rate in the US is 9,1% in June 2022, the highest since 1981 due to supply shortages and exploding energy prices. Many company’s have difficulties producing their goods since basic components are harder to get.

This leads to firms having higher cost for their own products which have to be compensated by higher prices for the consumer. A lot of uncertainties lead to a declining stock market. One big chance is a crypto investment in Polygon.

Is a crypto investment not too dangerous?

The crypto market is indeed to a certain degree volatile and dangerous so it’s important to always find a utility behind a project that solves a problem. In this matter the investment strategy is similar to the stock market.

What does Polygon do?

Polygon is a decentralized Ethereum scaling platform that empowers developers to create scalable and user-friendly decentralized applications (dApps) while maintaining security and keeping transaction fees low.

How do they help scaling ?

Much lower average transaction fees: $0,000388 to 0.0017 ETH ($2.33) in comparison to other platforms
1496 apps which include blockchains that focus on:
- Nfts
- Games
- Decentralized finance (allows contracts between two party’s without a third party like banks)
- CEX (centralized exchange= order book where to trade cryptos)
- Utility (e.g. payment platforms)
- DAO (token holders decide on company’s decisions)
- dApps (decentralized application, alternative to regular applications)
- B2B (Business to Business transactions)
- social and tools
High security (trusted by Ernst &Young for privacy roll up)

Should I buy the Polygon token MATIC?

– Declining Ethereum gas price

+ Current price is $0.7484 which is relatively low compared to average of about $1,7 between march 2021 to now

Price chart of Polygon from coinmarketcap

+ Solves high Ethereum gas problem and is much faster

+ limited supply just like Bitcoin

+ Number 1 for decentralized games (safe and very low gas fee)

+ high awareness level (>3 M transactions daily, >3,4 B in total)

+ Famous investors and total funding amount (Kevin O´Larry aka Mr Wonderful, Alan Howard, Mark Cuban and Bonnie Rose combined with other investors funded Polygon technologies with 451,5 M $).

+Social prove (over 19000 applications including Aave, Curve, Sushiswap, Pool, Uniswap, OpenSea, metaverse project Decentraland, Ark, Metamask, Sandbox, Instagram, Stripe, Adidas and Prada have deployed on Polygon).

+ Actual market cap (not fully diluted) : $5,979,936,473

Conclusion

All in all I see Polygon as a growing company that could easily 2X or 3X it’s token value in the next time. Even when it comes back to it’s old average price of about $1,7 it would 2X the current value.

It’s also irreplaceable because of its presence in lots of key fields that helps Ether and other company’s in the crypto section grow. In addition having well known company’s and investors trust is clearly a positive sign.

The general gas fee for Ether has rapidly declined but I can´t imagine that Polygon will suffer from the shrinking gas price. The amount of assets that were mentioned clearly helps “Ethers brother” to outweigh doubts. This nickname is used since Polygon safes Ether from bigger problems.

Lastly I see MATIC as an opportunity to make profit as I believe cryptocurrencies are taking over the world and Ether will be used to cover all kinds of transactions for big institutions like banks in the future. Sky is the limit for this firm with lot´s of opportunities thanks to its influence.

How to take a chance

If you want to take a chance on Polygon I recommend to use Kraken since it’s of my experience a safe and easy way to store coins in a wallet and manage them. More importantly because of the high amount of users its possible to buy and sell coins 24/7 with low fees. In the following paragraph I explain step by step how to set up a wallet.

How to create a Kraken wallet

1.Click this link and you will be on the Kraken Hompage

2. Click create account

3. Create username and password

4. Verification via Email address

5. Once this is done login and click on prices to find all tradeable currencies.

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Important

Please note that this is not financial advice in any form and its obligatory to always do your own research before any investments are made. This article only represents my own personal opinion which I gained from my own research and experience. Also note that I invested in Polygon.

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