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Polygon – MATIC POLYGON:// MATIC / £0.52 / +18,321.64% / POPULARITY #9 / THT 94 / MARKET CAP £4.9 B / Foreign We talk about polygon polygon Matic is an ethereum token that powers the polygon Network a scaling solution for ethereum polygon aims to provide faster and cheaper transactions on ethereum using a layer 2 side chains which are blockchains that run alongside the ethereum main chain users can deposit ethereum tokens to a polygon smart Contract interact with them within polygon and then later with withdraw them back to ethereum’s main chain the Matic token is used to pay transaction fees and participate in proof of State consensus now the overview for my very gorgeous polygon is 0.70 Pence today and an all-time plus of 25 1399.21 now those big numbers really do scare the life out of me there but I mean we’re looking at an overall plus and that is a really really good sign the market cap is 6.5 billion the 24 hour volume on that is 152.2 million which is a minus 18.77 There the circulating Supply is 9.3 billion and that is a 93 of typical whole typical Supply but the typical hold time over here is 115.115 days that is really really nice to see and that is one of the reasons I really really do enjoy polygon is Because the typical hold time is nice and its overall growth rate um is suggesting really really incredible things for the future also popularity at a seven one of my favorite numbers is seven so I mean we’re going to take the this the superstitiousness aside for a minute but we’re gonna say You’re sitting on really good numbers polygon and I like what I see okay not only that we do have some stuff going on the Press with polygon at this time I did do a little one-two background and the main thing that was kind of coming Out at this time was the um recent hard Fork right the Apollo got the polygon Network recently underwent a keyhod fork an upgrade that its company had been anticipating the hard Fork addressed the spikes in the Network’s gas fees and disruptive chain reorganizations so this appeared to be a really really Compulsory move for polygon sometimes you can’t avoid the um the hard Fork it becomes really really necessary when you understand the layering of the situation you’re like yeah we’re gonna have to do something about this we’re gonna have to hard Fork now guys and I think that’s What it kind of came to be for polygon Matic um and but as a result either way since then supposedly we’ve seen a six percent um loss over the last seven days because of this but matic’s popularity has been driven by its by its use case as a layer 2 scaling solution for ethereum you know we all it’s seven in popularity I mean majority of you guys you would know about the goodness that is polygon right and um at the end of the day it is really useful for the dapps which often struggle with high transaction fees and slow Um transaction speeds on ethereum so additionally Matic has a strong community and a developer base because of its layer 2 scaling solutions for ethereum there’s so much benefit to its use and that’s why we all run over there screaming polygon a little bit of Matic right so Um data cap from um coin market cap shows that Matic is currently trading at um you know what we’re going to forget about um coin market cap and any of that stuff because that’s why we have her Tech so um that was just me catching up And let’s go to her portfolio shall we let’s dig into the real stats and not talk about our competitors um let’s dive in polymatic since the start of time they showed up in May 2019 with a 0.0 Pence right and the market cap for that was 6.6 billion when I last looked at This earlier in the month the uh 24-hour volume on that was 373.1 in relation to me checking that later in the month now it’s very interesting because that 24-hour volume has a really nearly crumbled to less than half in a 24-hour volume yeah so that loss has really really come In during that period of hard forking but either way we are still looking at a very decent um 92 93 total Supply so okay that’s fair enough I mean shift Ebbs and flows we’ve got to take that into consideration also the current value when I logged this three Weeks ago was 0.71 Pence I mean it’s not too bad considering we’re now at 70 Pence okay A little ratio here and there is is a positive we’re looking at the whole scope of this coin and we’re going yeah okay we can play around here because the move left and right isn’t Too drastic popularity hasn’t changed a damn bit I mean when I looked at um another previous coin I mean the popularity was repeatedly going down with the Oasis Network every other day every other week it was dropping down the wrong that’s not what you want to see right so Significant months I’ve got logged here is May this is a significant window for polygon especially after their hard fork and the little loss that they’ve taken which is minor in comparison to many of the other coins especially the stuff that Cosmos has been through since the start time over there so actually it’s Looking really really good right December rise looked certified as what hermitology has logged here the hertek um branch of things we’re saying you know what we’re looking at a real rise in December and actually I mean um we’ve also got the September window as a key period of Time to start assessing those dips and um you know we all want to think like you don’t always want to buy the dip because the dip follows a dip and then that dip follows a dip and then the bear Market eats that dip and then you Dip in after that so you’ve all got to be smart on wise about when you do hop in so I would start really keeping your eye on the activities from September up until December and we should start seeing some really nice activity if you haven’t checked out other content on the Channel as well you may want to run over and check out the ethereum and BTC um her crypto predictions because I do speak about the fact that ethereum is set to overtake Bitcoin and that ethereum is set to reach 23k whereas Bitcoin is set to be at 18K and That seemed wild and Incredibly drastic and um there’s many different ways that that can come forward prophetically and and actually take um tangible shape within the ecosystem so we’re going to keep our eyes on that and keep sharing the updates but there is going to be some significant changes across the the Ecosystems within crypto sub currency as a whole because of this right but um what I want to leave you all with more than anything else is um when I’ve logged everything in regards to total value locked and um I like to say since the start of time when We look at the the polygons story since the start of time we’re looking at May 2021 two pound December 2021 218 and and the only low that we’ve really had is the 0.26 Pence that was back in June 2018.yeah and since then anything else has been pretty pretty um I I would never want to throw around the word reliable in this kind of Arena but I mean it’s it it’s pretty crypto can we can we try and be cool with the kids and say yeah that’s all pretty crypto if you ask me you know nothing too Razzmatazz Nothing too alarming or scary it is it is how the market takes shapes and it is what it is and I I wouldn’t be alarmed or overwhelmed with any of it is polygon something that you want to invest in yes is it one of the necessary ones to Invest in in the now moment Maybe not maybe not maybe I would hold off a little bit maybe I would wait until October maybe I would monitor in it monitor it in September hop in on up in October and then ride the wave all the way up until December Till we come out the other end because it does look set to be juicy in the future so that’s the main things I want to touch on with polygon I don’t think there’s any other breaking news that I’ve seen that makes me want to scream about it from the rooftops to be totally Honest with you but it is getting a decent amount of media attention it has gone through a hard Fork yeah there is a little something going on here in relation to the last three weeks that does speak about um Templeton launches a new fund on polygon um and um investment Titan Franklin Templeton says that blockchain run mutual fund is Now supported on the inferium layer 2 scaling solution as well polygons so there are there are things happening here that are all having an impact there and there but I don’t want to just talk about people throwing money into the arena thinking it’s going to Stay afloat because money is great and all good and well but if we look at the variables of the situation from an algorithmic standpoint then we’re going to get more of an accurate um um understanding of um future events because holding tightly onto the investors although they may think that They Dominate and own the arena I’m telling you the machine is the winner here the machine is the winner so unless you are the evm or the blockchain protocol itself or the hard Fork the sharding the nodes the soft fork and a range of other protocols that are dominating these shifts and Changes then I wouldn’t really worry too much so play around with your coin do whatever you wish to do check out the other breakdowns on the channel to see where your you should be throwing your money to now and then hold off until September rolls around and start riding The wave that is polygon right and um or should I say start riding the upward Trend that that is polygon from October to December shall we say right and then we’ll be back to kind of really see if our prediction really stuck and hit matter or if we get a an Egg in the face and then a try all over again so see you then friends I’ll be back soon with more hit like And subscribe why don’t you https://hermitology.me/technology.