Polygon MATIC
Polygon Price Change 24H Change 7D Change 1M Change YTD Market Cap Volume 24H Circ. / Max Supply
$0.1885 -1.17% 4.62% -8.27% -59.95% $370.78 M (#122) $6.45 M 1.97 B / 10.00 B 3.3/5 (#451)

Polygon Price Chart

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52-Week Range
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Polygon Performance

1H24H7D1M3M6MYTD1Y3Y5YALL
MATIC/BTC 0.68% -0.63% -1.22% -11.59% -54.53% -59.04% -54.93% -79.75% -93.64% 21.62% -99.99%
MATIC/ETH 0.34% -1.17% -0.15% 8.47% -20.60% -15.91% -14.60% -47.67% -74.90% 62.96% -93.03%
MATIC/USDT 0.76% -1.13% 4.61% -8.14% -62.84% -49.04% -59.94% -71.65% -86.23% 1,329.57% 3,822.40%
MATIC/USD 0.76% -1.17% 4.62% -8.27% -62.86% -49.06% -59.95% -71.68% -86.25% 1,328.74% 3,139.82%

Polygon is underperforming Bitcoin in the last 1 month by -11.59% while the MATIC price in USD dropped by -8.27%.

Algo. Score Rating

Analysis 3.3/5 (#451)
100% Open channels
37% Team Strength
88% Product Strength
40% GitHub Activity
87% Coin strength
30% Business strength

About Polygon

Learn More
Release Date Apr 25, 2019
Platform Polygon, Binance Smart Chain, Ethereum, Moonriver, Moonbeam, Harmony, Energi
Consensus Ethereum consensus (currently proof of work, will be proof of stake later on)
Algorithm -
Smart contract platforms and cryptocurrencies have captured mass attention but still have not been able to achieve mass adoption due to scalability and user experience issues. Even on Ethereum, which is the most widely used smart contracts platform, there have not been many examples of DApps which have seen mass adoption. There have been a few cases where one or the other particular application temporarily succeeded in achieving a significant user base, but it led to crippling of the entire network during the high network load times. Essentially this means that even the most advanced and widely used platforms are not ready for mass adoption yet. On the other hand, there are a few smart contract platforms which boast of higher transaction throughput, but they compromise on decentralization in order to improve transaction speeds. Also, many of the upcoming solutions propose developing their own blockchains, neglecting the billions of dollars of market cap that DApps and other projects have already created on platforms like Ethereum and others. More importantly, they neglect the massive developer community and developer ecosystem that currently exists on platforms like Ethereum. Matic Network strives to solve the scalability and usability issues, while not compromising on decentralization and leveraging the existing developer community and ecosystem. It is an ​off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities. The Matic development team has chosen Ethereum as the first platform to showcase its scalability and already has a working implementation for Ethereum on Kovan Testnet. It is expected to allow near-instant transfers, exchange and conversion of digital assets (e.g. crypto tokens) and cryptocurrencies in the future. The Matic Network is an adapted implementation of the Plasma framework for Ethereum to start with, but the “vision” of the Matic development team is to provide off/side chain scaling solutions for blockchains in general. Matic foundation intends to provide Matic wallet, payment APIs & SDKs, products, identity solutions and other enabling solutions that will allow developers to design, implement and migrate DApps built on base platforms like Ethereum. One of the key pillars that form the basis of Matic Network’s ideology is the improvement of user experience, this area is poorly developed for Blockchain applications as of now. The Matic Development team has already built high quality user experience Mobile/Web browser libraries which will enable businesses to create real world end user applications on a large scale. The development roadmap of the Matic Network also includes supporting cross-chain transfers and third-party Decentralized exchanges, liquidity pools etc.

Polygon Price Performance Statistics

How long has Polygon been trading?

Polygon has been trading for 56 months (5 years) now. According to our records, it started trading on Friday, April 26th 2019, for a first price of $0.0058.

How volatile has Polygon been over the last 30 days?

Polygon's 30 day volatility has been 19.42%.

The higher the volatility, the higher the risk and/or potential gains can be for a certain coin, since the movement is stronger for the time period in question.

How volatile has Polygon been over the past week?

Polygon's 7 day volatility has been 9.38%.

What was the highest Polygon price in USD?

Polygon's all-time high was $2.91. Right now, Polygon is priced at $0.1885, % than its all time high.

What was Polygon's highest price in BTC?

Polygon's all time high in BTC was 0.00006441. Right now, Polygon is priced at 0.00000194, % than its all time high.

What was Polygon's growth rate over the last 3, 6 and 12 months?

Polygon's price ranged between $0.5235 and $0.8917 over the past 3 months, which means it had a compound monthly growth rate of 19.43%, and an extrapolated compound annual growth rate of 7.42%.

Over the last 6 months, the price of Polygon ranged between $0.6221 and $0.8917, rendering a compound monthly growth rate of 6.19% and an extrapolated compound annual growth rate of 1.06%.

Going back further, Polygon was priced at $0.8796 a year ago, rendering a compound monthly growth rate of 0.11% and a compound annual growth rate of 0.01% since then.

CMGR describes Polygon's growth rate over a given time period assuming the growth happens at a constant rate every month during that time period.
The compound annual growth rate (CAGR) is a figure of how much an investment would have grown yearly had it grown at a steady rate. You can see the CAGR rate as a way to analyse investment returns without the fluctuations that regularly occur in cryptocurrency investments. You can use the CAGR rate to compare Polygon to other cryptocurrency investments.
Polygon's growth over time 3 months 6 months 12 months
Compound Monthly Growth Rate 19.43% 6.19% 0.11%
Compound Annual Growth Rate 7.42% 1.06% 0.01%
Price at the beginning of the time range $0.5235 $0.6221 $0.8796

What is Polygon’s cumulative return since the day it first started trading?

Polygon has grown 14,986.70% since it first started trading.

Cumulative return represents your percentage return if you bought a cryptocurrency or token on its first trading day compared to the current price.

How many winning months has Polygon had since its first trading day?

Polygon had about 42.00% winning months of its total trading age of 56 months.

Winning months are an indication of how many months Polygon had a positive trading result.

What was the max drawdown for Polygon in 1 day?

The price of Polygon dropped as much as 16.09% in a single day on Saturday, June 10th 2023.

The max drawdown represents the historical maximum amount of loss Polygon made in 1 day.

What was the max drawdown for Polygon in 1 month?

The price of Polygon dropped as much as 30.13% in a single month, in May 2023.

What was the max growth for Polygon in 1 day?

Polygon grew as much as 17.65% in a single day on Friday, July 14th 2023.

The max growth represents the historical maximum amount of growth Polygon made in 1 day.

What was the max growth for Polygon in 1 month?

Polygon increased as much as 72.22% in a single month, in October 2023.

Polygon historical price returns

Year 202120222023
ROI by year 14,222.12%-70.36%15.17%
Month 202120222023
Jan 112.46%-35.64%46.00%
Feb 459.39%-3.11%1.35%
Mar 48.34%1.58%-9.88%
Apr 128.00%-36.63%-11.38%
May 137.80%-39.04%-6.94%
Jun -36.38%-23.97%-25.46%
Jul -0.26%99.14%2.56%
Aug 25.03%-6.25%-20.17%
Sep -22.33%-12.18%-1.13%
Oct 56.07%17.62%11.27%
Nov -3.67%5.98%14.87%
Dec 29.38%-17.16%9.97%
Week 202120222023
Jan 1st - Jan 7th 94.02%10.60%14.67%
Jan 8th - Jan 14th 1.14%-13.86%2.15%
Jan 15th - Jan 21st -13.55%-6.72%9.30%
Jan 22nd - Jan 28th 26.87%-8.12%4.08%
Jan 29th - Feb 4th 14.99%15.40%-1.39%
Feb 5th - Feb 11th 147.90%-0.41%11.44%
Feb 12th - Feb 18th 0.27%-11.72%-11.68%
Feb 19th - Feb 25th 20.56%2.05%-2.55%
Feb 26th - Mar 4th 8.64%-1.83%-13.70%
Mar 5th - Mar 11th 102.00%3.35%7.57%
Mar 12th - Mar 18th -2.80%8.85%-7.39%
Mar 19th - Mar 25th -24.20%3.46%-0.68%
Mar 26th - Apr 1st 8.84%-11.09%-0.63%
Apr 2nd - Apr 8th -6.35%-5.08%2.23%
Apr 9th - Apr 15th 19.80%-1.20%-10.08%
Apr 16th - Apr 22nd -13.84%-11.57%0.17%
Apr 23rd - Apr 29th 141.47%-8.14%-1.86%
Apr 30th - May 6th -6.45%-43.70%-16.21%
May 7th - May 13th 40.36%-5.84%1.53%
May 14th - May 20th 31.34%-4.63%2.16%
May 21st - May 27th 33.83%6.22%-2.36%
May 28th - Jun 3rd 2.93%6.55%-13.12%
Jun 4th - Jun 10th -15.76%-36.89%-18.90%
Jun 11th - Jun 17th 17.32%39.61%10.97%
Jun 18th - Jun 24th -13.58%-24.90%-7.35%
Jun 25th - Jul 1st 3.15%20.50%1.41%
Jul 2nd - Jul 8th -6.17%13.91%24.88%
Jul 9th - Jul 15th -17.77%24.76%-3.66%
Jul 16th - Jul 22nd 7.39%10.09%-7.08%
Jul 23rd - Jul 29th 10.52%-6.46%-6.09%
Jul 30th - Aug 5th 1.13%-0.33%3.29%
Aug 6th - Aug 12th 18.88%-3.81%-14.59%
Aug 13th - Aug 19th -3.96%4.69%-6.18%
Aug 20th - Aug 26th -7.78%12.31%0.65%
Aug 27th - Sep 2nd -3.23%-3.60%3.08%
Sep 3rd - Sep 9th -4.84%-6.79%-3.17%
Sep 10th - Sep 16th 8.36%-6.72%-1.82%
Sep 17th - Sep 23rd -12.85%-2.75%-0.80%
Sep 24th - Sep 30th -1.58%8.07%4.42%
Oct 1st - Oct 7th 3.31%-6.23%-10.20%
Oct 8th - Oct 14th -7.30%3.37%0.14%
Oct 15th - Oct 21st -2.94%9.20%17.81%
Oct 22nd - Oct 28th 36.60%1.52%8.58%
Oct 29th - Nov 4th -4.17%-5.92%24.60%
Nov 5th - Nov 11th -6.65%-15.35%0.51%
Nov 12th - Nov 18th -13.50%-2.93%-6.98%
Nov 19th - Nov 25th 18.23%8.31%0.29%
Nov 26th - Dec 2nd 28.49%-0.71%5.32%
Dec 3rd - Dec 9th -4.34%-3.65%-3.15%
Dec 10th - Dec 16th -0.29%-1.22%N/A
Dec 17th - Dec 23rd 25.87%-3.06%N/A
Dec 24th - Dec 30th 3.25%N/AN/A

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