**Polygon's Potential Surge: Could It Be the Dark Horse in the Next Bull Market?**
Polygon, the blockchain network, might emerge as a surprise contender in the upcoming bullish market, as revealed by co-founder Sandeep Nailwal. In a social media post, he disclosed that Polygon's Proof-of-Stake (POS) system outpaced Ethereum in trading volume, boasting a lead of around $93,000. Notably, Polygon's (MATIC) current price is $0.82.
In a recent development, Fox Corporation has teamed up with Polygon to authenticate news content through a program called Verify. Publishers can register their content on the Polygon blockchain, named "Verify," to validate its origin and authenticity. This collaboration aims to assist users in distinguishing accurate sources from unreliable ones.
Cryptocurrency influencer Lark Davis highlighted to his 1.1 million followers that Polygon POS has surpassed Solana in daily active addresses, further emphasizing the network's growing prominence.
Despite Polygon's recent bounce in MATIC's price following an upgrade in transaction fee calculations, BeInCrypto reports that MATIC is still ensnared in a bearish pattern, persisting for nearly 60 days. Additionally, MATIC's price descended below a long-term resistance trend line since its all-time high of $2.90 in December 2021, reaching a low of $0.32 in June.
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