MATIC coin total circulation and introduction to online exchanges

MATIC coin is the native cryptocurrency of the Polygon network based on Ethereum and has uses such as payment of transaction fees, staking, governance and bridging assets. The popularity of the Polygon network, developer adoption and the general sentiment of the cryptocurrency market influence the value of MATIC Coin.

MATIC Coin: A second-layer scaling solution based on Ethereum

What is MATIC Coin?

MATIC coin is a cryptocurrency based on the Ethereum blockchain and the native token of the Polygon network. Polygon is a second-layer solution designed to extend the Ethereum network through sidechain technology.

Total circulation of MATIC coins

The total circulation of MATIC coins is 10 billion.

Online exchanges

MATIC currency has been listed on the following exchanges:

• Binance
• Coinbase
• Kraken
• Gemini
• Huobi Global

Uses of MATIC Coin

MATIC Coin has in the Polygon network Multiple uses, including:

• Pay transaction fees: Used to pay for executing transactions on the Polygon network.
• Staking: MATIC coins can be pledged to validators to receive network rewards and help protect network security.
• Governance: MATIC coin holders can participate in the governance of the Polygon network and vote on network upgrades and proposals through voting.
• Bridge Token: MATIC coin can be used to bridge assets on Ethereum and other blockchains.

The value of MATIC coin

The value of MATIC coin is affected by many factors, including:

• Ether The load of the Polygon network: The popularity and usage of the Polygon network will affect the demand for MATIC coins.
• Developer Adoption: Polygon network adoption and developer interest will impact the value of MATIC Coin.
• Overall Sentiment of the Cryptocurrency Market: The value of MATIC Coin is correlated with the overall market sentiment of other cryptocurrencies.

Polygon (MATIC) Price and Latest Changes

The current price of Polygon (MATIC) is $0.3786 with a 24-hour trading volume of $35.87M. The price of MATIC increased by 0.20% in the last 24 hours.

Factors leading to price movement

• Improving market sentiment: Broader cryptocurrency market sentiment has improved, boosting The price of MATIC.
• Network Upgrades: Polygon has recently implemented some network upgrades that have enhanced its performance and stability.
• Partnerships: Polygon has formed new partnerships with large companies, such as Amazon Cloud Technologies, which increases its visibility.

Future Price Trend Analysis

Based on current technical indicators and market trends, MATIC may continue to rise. However, it is important to note that the cryptocurrency market is highly volatile and prices can undergo sudden reversals.

Recommendations

• Investors should invest in any cryptocurrency with caution and make investments based on their own risk tolerance.
• Follow market trends, news and technical analysis to make informed investment decisions.
• Incorporate cryptocurrency investments into a diversified portfolio to reduce risk.

Short-Term Trend Forecast

The price of Polygon (MATIC) is expected to continue rising in the short term, but a pullback is also possible.

Indicators

• Price: $0.37860969735149
• 24-hour trading volume: $35878267.59522
• Circulation market capitalization: $1215567012. 0816
• Circulation: 3210607178.2759
• Maximum supply: None
• Total supply: 3210607178.2759

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