Bittime - Polygon (MATIC) and Algotech (ALGT) are two crypto assets that are competing fiercely in terms of price performance. After the market volatility that occurred on March 6, especially due to the decline in Bitcoin, Polygon showed significant signs of recovery.
With the launch of Polygon 2.0, this crypto asset managed to break the $1 level (IDR 15,585.00) and is expected to reach $2 (IDR 31,170.00) in 2024. But before that, let's first get to know what Polygon (MATIC) and its competitor Algotech (ALGT) are.
Get to know Polygon (MATIC)
Polygon (MATIC) is a decentralized protocol designed to build and connect Ethereum-compatible blockchain networks. The goal is to address issues like high transaction fees and slow transaction speeds on Ethereum, without sacrificing security. MATIC is an ERC-20 token used to pay transaction fees and serves as a governance token within the Polygon protocol. These tokens can also be used for staking within the Polygon network.
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Get to know Algotech (ALGT)
Algotech (ALGT), on the other hand, is a decentralized algorithmic trading platform that leverages new technologies such as AI, machine learning, and data analytics to improve the trading space. The platform is designed to provide a competitive advantage to traders by providing unique insights through advanced algorithms and blockchain technology.
Polygon (MATIC) Rises from Stagnation
After stagnating, MATIC again showed positive momentum. Despite being affected by Bitcoin's volatility, MATIC managed to recover and is now trading above $1. Analysts debate Polygon's ability to compete with powerful new competitors like Algotech.
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Algotech (ALGT) New Competitor
Algotech, a state-of-the-art DeFi platform, has captured the market's attention with its successful public pre-auction sale, raising over $2 million within 12 days. With its robust infrastructure and outstanding scalability, ALGT is the top choice for traders. Enthusiastic investors joined the pre-auction, buying tokens at a price of $0.06 (IDR 934.10), which is expected to rise to $0.08 (IDR 1,245.47) in the next round.
MATIC Price Today
Technical analysis suggests bullish sentiment towards Polygon, but recent market volatility has raised concerns. Based on data monitoring from Bittime, the price of Polygon MATIC today is trading at the level of Rp19,050 per coin. MATIC price started to rise with an increase of 0.69% in the last 24 hours.
On the other hand, Algotech is ready to catch up to Polygon with its impressive price performance and significant growth potential with the sophistication of its blockchain and AI technology.
Conclusion
With support from major crypto players, Algotech is well positioned to compete with Polygon. These two crypto assets are racing to reach the $2 level, signaling the intensifying competition in the cryptocurrency market.
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How to Buy Polygon (MATIC) on Bittime
You can buy and sell Polygon (MATIC) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Polygon (MATIC) is available on Bittime with the market pair MATIC/IDR. To be able to buy MATIC IDR at Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Polygon (MATIC) on Bittime.
Monitor the price chart movements of Polygon (MATIC), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
MATIC Staking: Definition, Benefits &; Tutorials
MATIC and Polygon: Unique Ecosystems that Appeal to Developers
New Investment Potential: Understanding TAO and Algotech's New Project (ALGT)
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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