February 2023

Stock I'm watching this month:-

MATIC - Polygon/Matic

Sector: Crypto
Market Cap:  12 Bil 
Price/Earnings: N/A
Price/Book: N/A
Return On Equity: N/A
Return On Assets: N/A
Debt/Equity: N/A

Reasons to watch: MATIC is an Ethereum Layer 2 solution. It seeks to scale up the use of Ethereum by moving transactions off the Ethereum main chain onto Polygon/Matic. Polygon boasts of up to 65,000 transactions per second and a respectable confirmation time of less than 2 seconds. The gas fees on Polygon is also very cheap, near zero which makes it very attractive to use. Polygon also boasts a lot of partnerships with big brands launching their products on it. Some of the notable brands using Polygon are Reddit, Draft Kings, Coca-Cola, Starbucks, Walt Disney, META, Adidas, Stripe and Mercedez Benz.


Risk: Crypto is a speculative investment.

Sentiment: Hold
Disclosure: Held
Current Price: $1.38
My Strike Price: N/A   


Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.

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