Solidum Capital CEO: Polygon ($MATIC) ‘Is on Its Way to the Top 10 by Market Cap’

On Friday (April 30), on crypto exchange FTX, the Polygon ($MATIC) price broke $0.9400, hitting a new all-time high of $0.9479 at 00:28 UTC.

Currently (as of 10:00 UTC on April 30), $MATIC is trading around $0.8898, which means that it is up 10.30% in the past 24-hour period.

As for $MATIC’s year-to-date (YTD) performance, MATIC-USD is up an incredible 4955.68%.

Polygon is “a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.”

Here is the current status of the project:

Some of the many crypto projects that are using Polygon’s framework are Polymarket, Decentral Games, EasyFi, and The Graph.

$MATIC had its initial exchange offering (IEO) on Binance Launchpad in April 2019.

Yesterday (April 29), Gregor Zupanc, Co-Founder and CEO at crypto-focused investment firm Solidum Capital, said that thanks to $MATIC’s price action, as of 14:18 UTC, $MATIC had become the largest component of their portfolio:

Solidum Capital’s second-largest holding is Ethereum ($ETH). Zupanc seems highly bullish on Polygon since he believes that $MATIC is “on its way to the top 10 by market cap.”

On Tuesday (April 27), Alex Svanevik, Co-Founder and CEO at blockchain analytics firm Nansen, shared some data that indicates that Polygon’s transaction volume is catching up with Ethereum’s transaction volume:

bitcoin
Bitcoin (BTC) $ 61,184.00 3.16%
ethereum
Ethereum (ETH) $ 4,024.11 3.29%
binance-coin
Binance Coin (BNB) $ 481.89 0.27%
tether
Tether (USDT) $ 0.997378 0.55%
cardano
Cardano (ADA) $ 2.16 1.14%
solana
Solana (SOL) $ 202.97 0.74%
xrp
XRP (XRP) $ 1.09 1.72%
polkadot
Polkadot (DOT) $ 44.41 1.34%
dogecoin
Dogecoin (DOGE) $ 0.245145 0.43%
usd-coin
USD Coin (USDC) $ 0.999644 0.25%
S&P 500  ^GSPC 
$4,544.90  $4.88  (-0.11%)
Dow Jones Industrial Average  ^DJI 
$35,677.02  $73.94  (0.21%)
NASDAQ Composite  ^IXIC 
$15,090.20  $125.50  (-0.82%)
Russell 2000  ^RUT 
$2,291.27  $4.92  (-0.21%)
Crude Oil Dec 21  F*CL.NYM 
$83.98  $1.48  (1.79%)
   
$0.0000  $0.0000  (0.00%)