What is Matic coin (polygon)?

What Is Matic Coin (Polygon)? Matic coin is an Ethereum-based altcoin that empowers the Polygon network (originally called the Matic network). Matic coin addresses the general pain points of various blockchains, offering scaling solutions on issues such as high transaction fees and slow speeds.

What is Matic token (Matic)?

MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.

What is Matic (Matic) coin price?

Alongside the Bitcoin price dip, Matic is priced at $1.62. The increasing price of the Matic coin can be attributed to the rising popularity of the Ethereum network, which has seen a massive increase in price and popularity in 2021.

What is the Matic crypto price?

With the token rallying throughout the year, the MATIC crypto reached its all-time high in December 2021 at just under $3. Let’s go through some of the biggest price milestones that the MATIC price has seen since its launch in 2019. The Polygon market cap reached its peak in December 2021, when the MATIC token had a valuation of almost $20 billion.