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) $ 45,127.00 0.35%
ethereum
Ethereum (ETH) $ 3,407.46 0.55%
binance-coin
Binance Coin (BNB) $ 525.37 2.65%
xrp
XRP (XRP) $ 1.53 9.75%
cardano
Cardano (ADA) $ 2.06 3.98%
dogecoin
Dogecoin (DOGE) $ 0.493840 0.42%
tether
Tether (USDT) $ 0.999700 0.32%
polkadot
Polkadot (DOT) $ 40.59 1.44%
bitcoin-cash
Bitcoin Cash (BCH) $ 1,119.70 1.53%
litecoin
Litecoin (LTC) $ 297.52 4.76%
S&P 500  ^GSPC 
$4,163.29  $10.56  (-0.25%)
Dow Jones Industrial Average  ^DJI 
$34,327.79  $54.34  (-0.16%)
NASDAQ Composite  ^IXIC 
$13,379.05  $50.93  (-0.38%)
Russell 2000  ^RUT 
$2,227.12  $2.49  (0.11%)
Crude Oil Jun 21  F*CL.NYM 
$66.52  $0.2500  (0.38%)
   
$0.0000  $0.0000  (0.00%)