Bitcoin
$16,922.20
-202.06
(-1.18%)
Ethereum
$1,274.88
-11.85
(-0.92%)
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$0.39
-0.01
(-3.09%)
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-0
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0
(0%)
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Polygon Crypto Price: Investors Are Rapidly Turning to These Alternatives Instead

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Launched in 2017 as a cryptocurrency that would fix Ethereum’s scalability issues and provide a better Layer 2 solution, Polygon (MATIC) quickly rose to prominence and captured the attention of traders.

With its ability to make transactions much faster, it didn’t take long for Polygon to enter the top 20 list of cryptocurrencies ranked by market cap.

However, after reaching its all-time high of $2.5 in December 2021, things have slowly started going downhill for Polygon.

The bear market hasn’t been kind to the project and the currency is continuously struggling to hold its psychological targets.

Plus, if Ethereum’s Merge proves successful in fixing the network’s scalability problems and transaction speed, Polygon will have to find new ways to attract developers onto its network.



Read More: Polygon Crypto Price: Investors Are Rapidly Turning to These Alternatives Instead

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