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) $ 20,056.37 0.11%
ethereum
Ethereum (ETH) $ 1,336.52 1.33%
tether
Tether (USDT) $ 0.996863 0.57%
bnb
BNB (BNB) $ 293.09 0.77%
usd-coin
USD Coin (USDC) $ 0.994290 0.87%
xrp
XRP (XRP) $ 0.490817 2.48%
binance-usd
Binance USD (BUSD) $ 0.998870 0.24%
cardano
Cardano (ADA) $ 0.428371 1.21%
solana
Solana (SOL) $ 33.74 1.51%
dogecoin
Dogecoin (DOGE) $ 0.064563 0.28%
S&P 500  ^GSPC 
$3,784.03  $6.90  (-0.18%)
Dow Jones Industrial Average  ^DJI 
$30,294.72  $21.60  (-0.07%)
NASDAQ Composite  ^IXIC 
$11,124.03  $52.38  (-0.47%)
Russell 2000  ^RUT 
$1,756.92  $18.84  (-1.06%)
Crude Oil Nov 22  F*CL.NYM 
$87.80  $1.28  (1.48%)
   
$0.0000  $0.0000  (0.00%)