Matic Network (MATIC) Price 2020
The current price of Matic fluctuates around $0.016870; the total market capitalization is $43,004,142 or 4,963 BTC, which makes Matic one of the 90 most popular digital currencies as of January 2020. The circulating supply is 2,549,094,192, while the total supply is 10,000,000,000 MATIC. The daily trading volume is around $22,569,065 or 2,604 BTC. Matic is trading on several major markets, yet the most active exchange that trades MATIC is Binance.
The all-time high of Matic, $0.045017, was reached on May 21, 2019 – outside the most famous cryptocurrency bull-run of Winter 2017-2018. On the other hand, the all-time low of MATIC, $0.003012, occurred not long ago on May 09, 2019. Currently, the estimated ROI (return on investment) of Matic is 273.17%, which means that $100 worth of MATIC bought at the time of the Matic launch would yield about $273 of profit today.
The most recent price trend of Matic appears to be slightly positive. While in 24 hours, the price of MATIC rose by 0.32%, the 7-day price dynamics show a 9.73% decrease in the price of MATIC. Luckily for investors, the price predictions for Matic tend to be rather optimistic. According to WalletInvestor, Matic is a good long-term investment. In one year from now, the price of MATIC may be as high as $0.0441.
What is Matic
Matic Network is a Layer-2 scaling solution that uses sidechains for off-chain computation while also ensuring asset security by using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. Currently, Matic Network works on implementing WalletConnect protocol, Plasma MVP (Minimum Viable Plasma), and the Ethereum event notification engine – Dagger. Some of Matic’s main products (Matic wallet, payment APIs and SDKs) serve to enable developers to design, implement, and migrate DApps that were built on platforms like Ethereum. The future plan of Matic is to support other blockchains in order to provide interoperability alongside scalability to existing public blockchains.
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