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Digital currencies are the assets that are generating the most dynamism to the market in 2021.

Beyond the drop in recent weeks, crypto assets such as BTC, ETH, LTC, or Cardano are among the most sought-after in 2021. Both from the point of view of the stock market rises, as well as when falls occur. 

But there is life beyond bitcoin and the best-known altcoins: there are other cryptocurrencies that have captured the interest of investors around the world. A good example is Telcoin, the token that has risen the most so far in 2021 and has turned more than one trader into a millionaire. 

But it is not the only cryptocurrency that has achieved this. 

Another digital currency that hasn’t stopped rising is Polygon, which has a cumulative return of nearly 5600 percent in just one year.

It was founded in 2017, under the name Matic Network and was originally designed as a sidechain ethereum that allowed transactions to be conducted in a faster and cheaper manner.

In February 2021, the name was changed to Polygon, and strategic tweaks were made to support additional solutions to lower costs. And it appears that this was indeed a wise decision.

These changes cleared the way for one of the strongest rallies in the world of virtual currencies to form. This bullish momentum generated Mark Cuban, one of the biggest investors and also the owner of the NBA’s Dallas Mavericks team, to join the project..

“The best we heard was that Mark Cuban himself uses apps at Polygon,” Sandeep Nailwal, co-founder of Polygon, told U.S. media.

He commented this is “a big step forward for the project because it will help attract more U.S. investors.”

Polygon went up in price

After news broke of the Cuban investments materialized in Polygon, the value of the token rose in price. That same day the cryptocurrency rose 35% in less than 30 hours to US$2.24.

Cuban published the investment made on the blog of its website, however, it did not disclose the number of resources invested in the asset. Polygon was added to the holding company owned by the U.S. billionaire.

In addition, in an e-mail sent to the media Coindesk, he argued this operation: “I give more and more use to Polygon”.

The entrepreneur said he has been integrating everything into Lazy, a company in which he is an investor that makes it easier to share images of NFTs on social media.

“The rise in Polygon usage is striking. Part of it is due to speculation, as with any of the digital currencies, but it also increased for other, more structural reasons,” Nailwal previously noted. “The marriage of its app in the ‘real world’ and the addition of more and more followers has generated an incredible effect,” he added.

Between January and May of this year, the number of apps based on Polygon went up 8-fold to more than 500.

About this, Polygon co-founder Nailwal said, “We have been talking to numerous investors, but the arrival of Mark Cuban was really incredible.”

PolygonHow to make money with a cryptocurrency

Would you be a millionaire if you had bet on this cryptocurrency in early 2021? One of the recurring doubts in the markets, precisely, is how much you could have obtained by investing in Polygon since the beginning of this year. The truth is that the amount of money would have been quite significant from January until now.

For example, if you had invested $1,000 at the beginning of this year, you could have approximately $75,000 to your credit today. 

Polygon and its integration with Google Cloud

On the other hand, Polygon recently announced that the data set associated with its blockchain networks will now be incorporated with Google Cloud.

The company made this known in a few posts on its official blog, where it reported that the goal is to give software creators, data researchers, and cryptocurrency fans a better understanding of how Polygon’s network works. 

All of this information set will be available on Google’s BitQuery. This will make all the information on the networks available for those who want to query data as well as for those who want to do a more intense analysis.

About this, the folks at Polygon notified in a statement the following, “The one we will be taking will be a key step towards analyzing and gathering information from the 6 million daily transactions that take place on Polygon, and will go a long way towards growing and shaping the Polygon and Ethereum ecosystems.”

Polygon doesn’t stop its rise and doesn’t stop aggrandizing its presence. The question is when the rally will end.

How to invest in Polygon (MATIC) right now

Would you be a millionaire if you had bet on this cryptocurrency in early 2021? One of the recurring doubts in the markets, precisely, is how much you could have obtained by investing in Polygon since the beginning of this year. The truth is that the amount of money would have been quite significant from January until now.

For example, if you had invested $1,000 at the beginning of this year, you could have approximately $75,000 to your credit today. 

If you want to invest in Polygon (MATIC), the favorite option recommended by Investor Times is the broker eToro.com, an investment platform used by more than 20 million users, based in London and authorized by CySEC and the FCA (the UK regulator).

Legal & risk warning: eToro is a multi-asset platform which offers CFD and non CFD products. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Cryptoassets are highly volatile unregulated investment product. No EU investor protection.

When it comes to buying cryptocurrencies like Polygon, eToro offers us a great advantage: It is one of the few regulated brokers that allows us to invest in real cryptocurrencies and not in derivative products (like CFDs, which have higher risks and commissions). Another important point in favor of eToro is that it allows you to add funds to your account immediately by credit card, Paypal, or bank transfer (among others).

> Go to eToro.com to invest in Polygon (MATIC) <

 

Legal & risk warning: eToro is a multi-asset platform which offers CFD and non CFD products. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Cryptoassets are highly volatile unregulated investment product. No EU investor protection. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Indicative prices for illustration purposes. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. 

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