Polygon (MATIC): find out how much the cryptocurrency yielded in the last 5 years

With an eye on the best financial return, it is normal for investors to pay attention to products that may have good profitability in the coming months. So much so that recently Financial Intelligence produced a report with cryptocurrencies that are expected to perform well in 2024. And among them is polygon (MATIC).

How does polygon (MATIC) work?

Since its launch, the platform has evolved into a diversified blockchain tool, allowing transactions to be carried out through smart contracts. Without forgetting the development of applications and games, the creation of NFTs and their use for decentralized financial services, known as DeFi (decentralized finance).

“The polygon cryptocurrency (MATIC) has a limited supply of 10 billion units and more than 96% of its total has already been issued. Therefore, this can help the asset to appreciate in the long term, as supply remains stable and demand, depending on the development of the project, tends to grow”, says the research leader.

Good performance in 2024

Some experts point to polygon (MATIC) as one of the cryptos that should have good returns this year. And Demaman agrees. According to the expert, the trend of falling interest rates around the world is once again attracting investors to higher risk assets, such as cryptocurrencies.

“Furthermore, the bitcoin halving, an event algorithmically programmed into its blockchain that reduces the amount of bitcoin issued by half every 4 years, has a positive impact on all currencies,” he says.

Not forgetting that significant project updates are planned for the Polygon network starting this year. With promises to improve its performance and usefulness in several aspects.

“This factor is quite interesting, as it is an evolution of the project. So much so that the MATIC token will be exchanged for POL. Precisely to give this idea of ​​change”, comments Rony Szuster, analyst at Mercado Bitcoin