Polygon’s native cryptocurrency, MATIC, has seen its price skyrocket over 50% in the past 3 weeks, reaching a 4-month high of $0.84.
This surge comes amid a resurgent cryptocurrency market, driven by growing optimism around Bitcoin. However, MATIC’s price increase goes beyond overall market sentiment – data shows that whale accumulation and major partnerships have catalyzed MATIC’s breakout.
Keypoints
- MATIC price has surged over 50% in the past 3 weeks, reaching a 4-month high of $0.84
- The price increase is driven by whale accumulation, with large holders acquiring over 42 million MATIC tokens
- Polygon partners with NEAR Foundation to develop zkWasm prover to bridge Wasm chains with Ethereum
- Immutable partners with Ubisoft to explore web3 gaming, powered by Polygon
- MATIC’s market cap exceeds $7.6 billion, coming closer to re-entering the top 10 cryptocurrencies
According to analytics platform Santiment,…
