Momentum for Polygon Network Increases as the MATIC Price Marks Soon 0.90$
The Polygon network is still indicating a rally as the price of MATIC rises by 7% and gets closer to $0.90. On the monthly chart, MATIC has launched a significant macro uptrend after emerging from a bearish trend channel.
MATIC participated in the altcoin market upswing and saw a price gain of more than 26% during last week's robust whale gathering. The altcoin's price has shockingly increased by around 70% in the last month.
An institutional and whale interest in the bitcoin market has significantly increased, according to IntoTheBlock, a chain analytics tool. In the last 30 days, transactions exceeding $100,000 have increased by an astounding 3,800% using Polygon, an Ethereum scaling solution. Furthermore, the Polygon ecosystem has benefited from its collaboration with Ubisoft, a top publisher and developer of video games, via the Web3 gaming platform Immutable. The goal of this collaboration is to develop cutting-edge gaming experiences that fully use Web3.
