Is Polygon crypto a good investment?

One of the differences between Polygon and others is that it can process many more transactions per second than Ethereum, and at a fraction of the cost. It uses an extra layer, which it calls a sidechain, that works in parallel with existing blockchain technology to improve its performance .

Polygon’s price has risen nearly 9730% since the beginning of 2021. According to CoinMarketCap, its market capitalization about $16 billion makes it currently the 11th largest cryptocurrency.

A jump of this magnitude is significant, but it’s also important to assess Polygon’s long-term potential. It is believed that its price could continue to rise, especially as more people realize what the platform is capable of.

However, while many crypto analysts are optimistic about its price: If you are hoping to make a big short-term profit, buying Polygon is probably not the best idea. However, if you can handle that kind of volatility, you might prefer to keep Polygon on your watch list. The development team behind this digital currency has an ambitious vision, and the platform could be a winner in the long run.

It’s also worth considering what will happen to Polygon when Ethereum fully migrates to Eth2, which it so badly needs. Assuming Ethereum can be upgraded without any problems, Polygon’s solutions may not be needed a year from now.

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