Polygon Is Getting Ready To Shock The Market With Its Higher Price

Today’s price is $1.20 with a 24-hour volume of $712,125,699. MATIC has a circulating supply of 6.7 billion. The Polygon token has already breached the resistance that kept it in a downtrend. It will eventually reach the next resistance level of $1.79.

After reaching that level, the MATIC token will continue trading higher. According to CoinGecko, on October 6, the price of Polygon has fallen by 24%. Its cap has also decreased to $8.5 billion.

Polygon is a well-structured, easy-to-use framework for Ethereum development. Its core component is the Polygon SDK, which is a modular, flexible framework that enables developers to create various types of apps. Basically, Polygon is a multi-chain system that completely transforms Ethereum into a full-fledged Internet of Blockchains. It uses the Ethereum blockchain as its central platform. Nothing will change regarding the existing ecosystem. As with all of the existing features of the plasma-POS chain, the core technology will still be used to support the developer community.