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) $ 37,791.00 1.85%
ethereum
Ethereum (ETH) $ 2,256.29 3.74%
tether
Tether (USDT) $ 1.01 1.01%
binance-coin
Binance Coin (BNB) $ 310.57 2.68%
cardano
Cardano (ADA) $ 1.28 4.98%
xrp
XRP (XRP) $ 0.638840 3.20%
usd-coin
USD Coin (USDC) $ 1.01 0.64%
dogecoin
Dogecoin (DOGE) $ 0.203007 9.85%
polkadot
Polkadot (DOT) $ 14.00 5.09%
binance-usd
Binance USD (BUSD) $ 1.01 0.75%
S&P 500  ^GSPC 
$4,422.30  $10.51  (0.24%)
Dow Jones Industrial Average  ^DJI 
$35,144.31  $82.76  (0.24%)
NASDAQ Composite  ^IXIC 
$14,840.71  $3.72  (0.03%)
Russell 2000  ^RUT 
$2,216.92  $7.27  (0.33%)
Crude Oil Sep 21  F*CL.NYM 
$71.90  $0.0100  (-0.01%)
   
$0.0000  $0.0000  (0.00%)