The price of Polygon MATIC/USD surged higher Wednesday morning, in part due to the cryptocurrency’s new backer: billionaire tech investor Mark Cuban.
Polygon’s official Twitter account confirmed its inclusion as a Mark Cuban portfolio company although specific financial details were not disclosed. The Shark Tank and Dallas Maverick owner did say he is a Polygon user and he finds himself “using it more and more”.
If you are taking cues from tech-savvy investors like Cuban and looking to buy Polygon now, this guide is meant for you.
Where & how to buy Polygon now: top cryptocurrencies to buy MATIC
The process of buying cryptocurrencies like Polygon quickly and efficiently has improved in recent years. Fintech stockbrokers recognized the surge in demand from retail investors looking to diversify their assets to cryptocurrencies.
As such, buying cryptocurrencies like Polygon now has never been easier. All you need to do is open a cryptocurrency broker and follow the industry-standard application process. Once complete, you will be able to fund an account and make your first cryptocurrency trade today.
In order to buy a cryptocurrency, you need to know its ticker symbol. For example, if you want to buy Polygon now amid expectations for continued upside you simply search in the broker platform for the ticker “MATIC.”
Our team of financial experts spent a lot of time evaluating the many cryptocurrency brokers. We are comfortable in recommending two reputable cryptocurrency brokers where you can buy MATIC now.
Etoro has existed as a stockbroker since its founding in the early 2000s. As its popularity surged due to its ultra-cheap share offerings, the fintech giant was able to duplicate its success and eToro has become one of the most popular cryptocurrency brokers today. Buying MATIC on eToro is a very safe option.
Click on the link below to buy Polygon now:
Plus500’s reputation as a leading Contracts for Difference (CFD) is unmatched in the investing sphere. Plus500 is a public global fintech company whose stock trades on the London Stock Exchange so buying Polygon on Plus500 is also a very safe option.
It should be noted that CFD brokers like Plus500 operate with a slightly different investment model. Instead of owning an asset outright, in this case owning Polygon, you simply own a derivative product whose value changes based on the performance of the underlying asset. CFD brokers have surged in demand in recent years and has become a very popular method for investing in 2021.
Click on the link below to get started with buying MATIC on Plus500:
What is Polygon (MATIC)?
Polygon (MATIC) ranks as one of the 15 largest cryptocurrencies in terms of market cap. As of Wednesday, it was valued just shy of $15 billion.
Polygon, formerly known as the Matic Network, is the first platform for Ethereum scaling and infrastructure development. Polygon’s official website notes it is designed to solve some of the limitations in the Ethereum network, including low throughput, poor UX, and no sovereignty.
Polygon combines the best of the Ethereum network and sovereign blockahins into an attractive feature set.
Can MATIC gain in price?
MATIC is up more than 1,500% since the start of 2021 but the current price of Polygon is still shy of its recent highs of nearly $2.50. The addition of Cuban as a notable backer and supporter of the cryptocurrency can be a catalyst for the price of Polygon to retest its highs.
Polygon’s co-founder Sandeep Nailwal stated that he held discussions with several investors but it was “truly mind-blowing” to meet with Cuban. This has many cryptocurrency investors convinced that the upside potential for MATIC remains large and it isn’t too late to buy Polygon after Wednesday’s jump higher.
Social media reacts
"We have spoken to many investors but the discussion with Mark Cuban was truly mind blowing," Polygon co-founder Sandeep Nailwal told CoinDesk via Telegram.Polygon was listed on Cuban's website Tuesday as one of his holdings: $MATIC @mcuban pic.twitter.com/mwaTUPpokJ
— bulltrade (@bulltraDD) May 26, 2021
— Yoda Investor (@yoda_investor) May 26, 2021
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