Decentralized exchanges, also referred to as DEXs, are peer-to-peer marketplaces that allow crypto traders to transact with each other without boundaries. Like almost every idea behind the Blockchain, DEXs are decentralized and foster financial transactions that aren’t conducted by banks, intermediaries, or any third-party affiliation. One of the basic differences between Central Exchanges and DEXs is that, while central exchanges allow users to exchange between cryptocurrencies and fiat money, DEXs only allow trade between two cryptocurrency tokens.

Another important difference to note between these two important Blockchain service providers is that, while CEXs transactions records are stored in their internal database, DEXs transaction records are visible and recorded on the Blockchain. Examples of DEXs include Swapzone, PancakeSwap, dYdX, and Raydium, and the Ethereum Blockchain hosts a majority of them. Like central exchanges, the growth of DEXs has been astronomical in the last year, as the Defi tools have continued to prove their importance to the growing Cryptocurrency space.

Without further ado, let's ump int the top 5 DEX that work specifically on the Polygon Network!

Anyswap launched back in July 2020. It is a DEX that allows users to swap tokens from various platforms across different mainnets. It is one of those few DeFi projects that facilitates cross-tokens swap and trade. Many big names already implemented Anyswao in their internal protocols such as XRP, Litecoin, Tether.

The code of the platform is fully open-source, which makes it a truly decentralized platform. The Fusion Network powers Anyswap, and helps in private key sharding to guarantee the safety of the crypto assets on the platform. ANY is the native token of the platform. It is a governance token, which allows holders to determine which tokens to be listed on the Anyswap DEX.

Firebird Finance is a 3-in-1 Defi platform currently thriving on Polygon and offering immense bespoke services to many users. It is a yield aggregator, a vault, and also poses as an exchange. The DeFi platform not only guarantees rewards for its users but also optimizes their experience. Its swap page with yield farming features also ensures that traders and yield farmers earn rewards. The native token of the platform is HOPE, and its holder also receives a reward for staking it. Firebird Finance is also popular for incorporating technology into its protocol, a unique feature of the AMM. At the time of writing, the TVL as multi-chain volume in the DEX is $6.3 Billion.

Polycat is basically a yield farming project, where users can earn more cryptos by simply lending their cryptos. The project is currently known for its easy-to-use platform for token swapping and yield farming protocol. It is a top contender for Dapps using the Polygon network, with a total value locked of USD 12.6 Million to-date.

SushiSwap - a declared fork of Uniswap provides decentralized exchange AMM functionality. It utilizes orderbook-less swaps between different assets, using liquidity pools and having no direct sellers. The users earn liquidity fees by providing assets to pools. It has an automatic price determination mechanism through smart contracts. This eliminates custody/insolvency risk, and is now available on Polygon MATIC, to take advantage of low fees and fast processing.

Uniswap is a decentralized cryptocurrency exchange. Moreover, UNI is the native cryptocurrency of the Uniswap exchange. Decentralized crypto exchange gives users the ability to make trades and transactions without any third-party intermediaries regulating them. 

Decentralized exchanges have the advantage of being entirely transparent and peer-to-peer. This means that the Uniswap exchange is completely collectively managed and community-run. 

Moreover, like other decentralized exchanges, Uniswap is anonymous. You don’t have to provide the site with any kind of personal data to be able to trade. All you have to do is connect your crypto wallet and you’re ready to go. 

Blockchain is good, it is the next future or at the maximum, one of the most pressing sales pitches,  banking the unbanked via decentralization. I would personally say enough of that rhetoric until it matures to the next level, as I recall one of my friends wishing to buy a shoe through a blockchain-powered e-commerce store. However, at the time of check-out, he thought it would be better to buy from Amazon. Obsessions are not always cheap, especially when it is powered by Ethereum for fulfillment. Perplexed, right! Try buying an NFT powered by Ethereum in 2017, you will understand the irony. In this article, we're going to explain why Polygon MATIC is an important project, and a step-by-step guide on how to buy MATIC on Binance.

Polygon acts as a layer 2 scaling solution which has been primarily powering up the Ethereum ecosystem to resolve the scalability issues. As a result, all the applications built on top of the Ethereum blockchain need not have to shift to a different blockchain due to network congestion. On the contrary, they can simply connect to the Polygon chain via an Ethereum-Polygon asset bridge and transact within a gas-efficient, secure, and scalable Polygon ecosystem, meanwhile, enjoying the safety and security of the Ethereum network. 

When others say ETH to the moon, most of the users on the Ethereum blockchain intend to admit gas prices to the moon. Ironically, that’s the story of the Ethereum blockchain when you claim it to be the father of smart-contract blockchain. However, Ethereum’s latest countermeasures by adopting Polygon as a scaling solution should be the point of focus at the moment to mitigate the odds. The upside of Polygon is scalability, security, and decentralization all occurring at once. In case, if you think that it is some utopia, read on to know why it could be the next preferred portfolio to pick during the recent bloodbath in the crypto market. 

Before we jump to Polygon, we have to understand the DeFi and NFT marketplace. These are two of the most important subsets to drive massive crypto and blockchain adoption. Owing to the next level of innovation through staking, yield farming, introducing derivatives and insurance to crypto, establishing ownership and identification in the gaming ecosystem,  they have brought the next revolution. 

With just a niche audience, if $100 billion and $8 billion respectively seem like attainable targets, one cannot stop but think sky being the limit when metaverse and other such upcoming future concepts roll on.  However, one thing plaguing their mighty run is the existence of a non-scalable blockchain ecosystem on which they stand. 

Hence, the need arises where the best of both: security of Ethereum and scalability of side-chains occur in succession. Polygon ends up as an amenable choice for the same since  Ethereum Network currently holds 50% to 60% of all NFT and DeFi activities on their ecosystem. 

On top of this, even institutional drive is providing good momentum to the Polygon network with its social media dominance reaching an unprecedented 636% in the last three months. Thus paving the way for more good days ahead. At the same time, Polygon is also eyeing a lot of collaborations with stalwarts in the IT sector like Infosys and celebrity crypto investors like Mark Cuban. All of these events end up as a perfect secret sauce for Polygon’s success in the near future. 

Before we jump to the conclusion that Matic/Polygon is a good buy, one can simply turn back to the memory lane and validate the same. Recall the ups and downs we saw for Matic/Polygon. At one point, Matic started trading from $0.02 in January 2021 fast forward to April 2021; prices soared to $0.03, and in May 2022, Matic recorded its ATH of $2.68.

A few months later, we did see the same pattern getting imitated backward where Matic fell to $1.7 in September and it was followed by another ATH in less than three months' time to $3.05 in December 2021. During this time, most of the tokens were giving bearish signals like Cardano, a reclaimed scaling layer 1 blockchain. 

Basically, Matic is mimicking an uptrend pattern throughout 2021 where we have so far witnessed higher swing highs and lower swing lows. Such occurrences will more or less replicate moving forward to 2022 because Matic gave 7,248% returns in 2021 with the same trend. In the last three months, Matic’s trading volume is continuously rising with $700 million at the time of writing. 

Most analysts believe that Matic has delivered 52,585.75% ever since its inception in 2017  despite a stretched crypto winter that existed for more than 2 years, if the same trend continues which will be further accentuated by the need for more scaling moving forward in 2022, Matic could be up for the Moonbeam.  Even if we make a return average of  1000%, which is very less, it is still a very good buy zone for Matic which is trading at a price of $1.45 at the time of writing. 

? Buy Matic on Binance ?

If you want to buy the Matic token, Binance is an excellent exchange to pick since it allows buying through bank transfers, credit cards, and even swaps. We will look at buying through credit/debit cards. It will more or less serve all the purposes of the other two options since all of them start through a P2P model only:

Step 1

Login to Binance

Step 2

Click on buy crypto as shown in the top left side of the image. 

Step 3

As you can see on the image above, on the top empty section, there are currency choices. I have picked USD. At the bottom, you can see BTC, you need to change that to Polygon/Matic. 

Step 4

Click on continue and add your card.

Step 5

Fill in all the necessary details and complete the transaction. 

Step 6

Once you complete the details, it will ask you to complete the order. You will be given 60 seconds to validate the transaction.

Step 7

Once you complete the details, it will ask you to complete the order. You have 60 seconds to validate the transaction. Once you do, Polygon will reflect on your wallet. 

And that's it! Buy MATIC in 2022 might be a really profitable investment, especially if the Polygon ecosystem manages to attract new projects. Additionally, it is a good idea to consider using hardware wallets to safeguard your crypto for long-term investment.

Despite the pessimism and fear among the investors of an upcoming bear market causing the crypto charts to bleed in red on all trading exchanges, we have a few strong contenders behaving otherwise with a  bold show of green candles. In case you are still not aware, we are talking about the Polygon Network. It has remained in green with minor fluctuations due to the rollout of new features, cross-chain migration, the introduction of polygon featured exchange-traded products, and last but not least, asset management tools. Let's talk about the best Crypto management tools that run on Polygon.

In the line of new products and features introduced, it is the asset management tools piquing investor attention. In the span of the last 6 months, on the Polygon Network, renowned Asset Under Managers (AUM) funds like Osprey, Bitwise, and SET have been welcomed. These asset funds allow quick exposure to high-income earning opportunities; however, they need a medium that is cost-effective and quick to switch between portfolios for generating better returns. Hence the demand for the best asset management tools is on the rise in the Polygon ecosystem. In this article, we shall look at five of the best asset management tools if you want to enter AUM funds for better returns. 

Asset management tools are decentralized applications facilitating investment in a basket of crypto assets under management. Using the asset management tools, investors can track the asset value and get suggestions to invest in a wide range of asset classes with no intermediary involved. Hence if you are looking for steady profits, asset management tools can help you in your pursuit. 

It is a decentralized protocol facilitating portfolio management built on top of the Ethereum chain with Polygon as the partner network to facilitate low-cost transactions. Using the dHedge dapp, investors or asset managers can trade in synthetic crypto assets, foreign exchanges, commodities, and equities. For investors, it is possible to open long and short positions against a basket of cryptocurrencies and get exposure from the same.

The dHedge ecosystem uses smart-contracts to trade on behalf of the investors. However, if you are thinking that by doing so the investor would lose control of their funds, that would be completely wrong on the dHedge ecosystem. As it works in a non-custodial manner. 

To keep the entire DeFi or decentralized finance ecosystem on the tip of your finger, you need the Instadapp application. With the help of the Instadapp application, investors can aggregate multiple DeFi layers/ecosystems and get a synetic token minted. Whenever the basket of assets deviates or changes its course, it will be replaced by a basket of new assets that can derive better returns.

Using the Instadapp application, investors can even venture out within the realms of crypto flash loans and make quick gains. Not only this, there is a further upside where exposure to a new operability layer is possible, opening gates to access extension of existing products. Hence allowing more ways to improve the ROI and capitalize on gains.

Metamask is the perfect asset management tool to pick since there will be a fixed gas cost levied for doing transactions as per the EIP-1559 event. Using the Metamask wallet, investors can explore blockchain applications in seconds and engage with tokens swaps, NFTs drops, and transfers at marginal gas cost. To bring crypto assets from various ecosystems that adhere to the ERC standards, Metamask is an undisputed choice. 

If you want a perfect tool to interact with the crypto index funds, StakerDAO scores all brownie points. Being a non-custodial wallet, it restores control of the assets in the hands of the investor. On top of this, the DAO dashboard provides all valuable intel like staking strategies, suggestions for top staking protocols, and easy-to-understand guides keeping you always ahead of the learning curve in your investment journey. 

The purpose of Token Pocket is to break barriers between products, companies, and communities that exist in the crypto space. Using the token pocket wallet, you can do more than just send and receive cryptocurrencies. Token Pocket introduces a Dapp store of its own. Using the Dapp store, you can access all Dapps built on top of the token pocket ecosystem. Additionally, you can control them from one common dashboard. 

Along with this, you can also engage in performing a wide range of blockchain activities ranging from voting for your favorite block producer to earn rewards to engaging in cross-chain token swaps using the following tokens: EOS, TRX, ETH, BTT, USDT, HT, DAI, TUSD, and USDC. After the launch of the Token Pocket ecosystem, it has become simpler to swap tokens across various blockchain networks. So, once you secure profits, you can convert your profits to the token of your choice at negligible fees. 

Polygon Price hit recently a price of $ 2.44 and was able to climb even further. However, this has led to a “fake breakout”. The recent crypto and stock market crash took a toll of all asset classes, even for MATIC. Today, the price is again on the trend line and presents a good entry point. But how could things go on with the Polygon price? Will we rise again by around 50%? Let's tackle this in our awesome Polygon Price Prediction 😉

On another note, we at CryptoTicker offer a Premium Discord channel. There you will receive trading ideas and professional trading support. Our Premium Discord is not just about trading. You will also find out the latest crypto trends early enough, from which you can benefit massively or at least exit the market. That’s why most of our traders are successful and managed to minimize their risk exposure during this current crash.

Polygon prices are still in the ascending triangle due to the fake breakout. The price was recently able to find support on the trendline, which is why we assume that the triangle is currently intact. As the trendline is heading towards the +/- $ 2.44 resistance, a breakout could occur soon. We still believe the outbreak will progress. Before the polygon price breaks the resistance of $ 2.44, let's not assume prices higher than $ 2.44.

----> Click here to Buy MATIC <----

The polygon price was able to completely form a trend channel through the fake breakout. Now we have a confirmed upper trend line and a lower one. The price might test the upper trendline next, as we recently hit the lower one. This harmonizes perfectly with the ascending triangle. The ascending triangle should soon burst as well. Should the price hold the lower trend line, we assume that the price could soon be at +/- $ 3.3. The upper trend line of the trend channel is located there. We also have a running ABC sequence that was confirmed by the fake breakout from the triangle. The ABC sequence has the first target at around $ 3.3. Thus, all three chart patterns are currently blending nicely, which gives us confirmation that this is what will happen.

On the other hand, it is always safe to place your stop-loss to limit your...losses! A sensible SL for Matic's case would be just below the lower trendline of the channel, which is around $1.8 - $1.9.

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The cryptocurrency market is officially in a consolidation state. Many crypto enthusiasts don't know which token to buy and await further market movement. Polygon MATIC always received a warm welcome from the crypto sphere, despite its corrections in prices every now and then. Today, on the other hand, technical analysts managed to spot an interesting formation for the Polygon MATIC price. Should you really buy MATIC in anticipation of higher prices?

Polygon is a project that aims to bring Ethereum’s blockchain to the masses. In order to do so, it provides an easy “plug-and-play” solution to crypto projects. This not only increases the demand for Ethereum but also for the entire crypto industry. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other kind of infrastructure required by the developer.

Polygon effectively transforms Ethereum into a full-fledged multi-chain system. That’s why it was given the attribute of the “Internet of Blockchains”. This multi-chain system is related to other projects such as Polkadot, Cosmos, and Avalanche with the advantages of Ethereum’s security, smooth ecosystem, and openness.

–> Buy MATIC Token Here <–

Looking at figure 1, we can clearly notice an ascending triangle. This is considered a continuation pattern of the previous trend. Since the price rose between April 2021 and May 2021, the upward trend could continue. The big explosion in MATIC price could even happen before the end of the year because we have been in the last third of the triangle for a few days now (formations usually erupt in the last third). 

Since we are currently on the lower trend line, MATIC price could soon be heading for the resistance of +/- $ 2.44. Either we break the resistance and break out or we go again towards the trend line.

If we look at the volume, we can see that as the price increases, it has a steadily increasing volume as well. As soon as there is a correction, the volume steadily decreases. This means that we are in an uptrend. Additionally, since the volume is very low at the moment, we might see a pump. This pump could only go as far as the $ 2.44 resistance for now or we might break out right away. This would also make sense when we look at recent highs. These are steadily higher. So we would expect a new higher high, which would also mean an outbreak.

Of course, there are two very important factors that also contribute to MATIC's resistance break, which are the specific fundamentals of the Polygon project and the overall cryptocurrency market's sentiment. If the crypto market recovers and becomes bullish, MATIC's price will definitely increase in tandem. Also, if we hear positive news in the market regarding the Polygon project, MATIC's price would increase.

The cryptocurrency market is officially in a consolidation state. Many crypto enthusiasts don't know which token to buy and await further market movement. Polygon MATIC always received a warm welcome from the crypto sphere, despite its corrections in prices every now and then. Today, on the other hand, technical analysts managed to spot an interesting formation for the Polygon MATIC price. Should you really buy MATIC in anticipation of higher prices?

Polygon is a project that aims to bring Ethereum’s blockchain to the masses. In order to do so, it provides an easy “plug-and-play” solution to crypto projects. This not only increases the demand for Ethereum but also for the entire crypto industry. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other kind of infrastructure required by the developer.

Polygon effectively transforms Ethereum into a full-fledged multi-chain system. That’s why it was given the attribute of the “Internet of Blockchains”. This multi-chain system is related to other projects such as Polkadot, Cosmos, and Avalanche with the advantages of Ethereum’s security, smooth ecosystem, and openness.

–> Buy MATIC Token Here <–

Looking at figure 1, we can clearly notice an ascending triangle. This is considered a continuation pattern of the previous trend. Since the price rose between April 2021 and May 2021, the upward trend could continue. The big explosion in MATIC price could even happen before the end of the year because we have been in the last third of the triangle for a few days now (formations usually erupt in the last third). 

Since we are currently on the lower trend line, MATIC price could soon be heading for the resistance of +/- $ 2.44. Either we break the resistance and break out or we go again towards the trend line.

If we look at the volume, we can see that as the price increases, it has a steadily increasing volume as well. As soon as there is a correction, the volume steadily decreases. This means that we are in an uptrend. Additionally, since the volume is very low at the moment, we might see a pump. This pump could only go as far as the $ 2.44 resistance for now or we might break out right away. This would also make sense when we look at recent highs. These are steadily higher. So we would expect a new higher high, which would also mean an outbreak.

Of course, there are two very important factors that also contribute to MATIC's resistance break, which are the specific fundamentals of the Polygon project and the overall cryptocurrency market's sentiment. If the crypto market recovers and becomes bullish, MATIC's price will definitely increase in tandem. Also, if we hear positive news in the market regarding the Polygon project, MATIC's price would increase.

While the cryptocurrency market is retracing, Polygon MATIC prices gained more than 3% in the past 24 hours. Bitcoin played a major role in the crypto market downfall. Its price adjustment was inevitable after such an extended rise. However, MATIC seems to continue on its path upward, eyeing an important psychological price area. Will MATIC price continue going upwards or will it retrace back like most cryptocurrencies?

If we look at the general trend of Polygon MATIC, we can clearly see an uptrend since the beginning of the month of October 2021. Prices reversed their previous downtrend and had a first target to reach the price area of USD 1.8. The current price of MATIC is above this price, currently around USD 1.83.

Today, while most cryptocurrencies are down, MATIC is showing a strong resistance around the USD 1.8 price area.

The cryptocurrency market is already retracing, so it won't be a huge surprise if MATIC prices also follow soon. If we plot the Fibonacci retracement, we can estimate a retracement towards the USD 1.55 price area. Of course, this all depends on different factors:

• The general crypto sentiment
• Bitcoin's price
• MATIC's fundamentals

Even if all the above are in place, we might still have a retracement towards the 38.2% area. In fact, this is a normal price-action behavior whenever an uptrend is happening.

If you really want to buy MATIC and dip your toes in the Polygon infrastructure, we advise you to open the following trade setup:

• Entry: USD 1.8
• SL: USD 1.7
• TP: USD 2.2

However, we don't recommend opening any position currently, especially while the entire crypto market is down.

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Rudy Fares