Polygon has been one of the most up-and-coming coin in recent times and its recent 100% gain has proved that it is here to stay. When the market is down it becomes increasingly difficult for investors to pick prospects that will hold their value in difficult times. On top of that, the coin must perform under favourable circumstances too.
On June 18 Polygon was priced at $0.316 and since then the coin is now at $0.70. Some people might think that this is a small jump but it has doubled in value.
Mainstream adoption
The first reason for this is the major announcements that they have made. Polygon has been adopted by many mainstream companies like Coca-Cola and was added to Disney’s accelerator program too. They launched an NFT with Coca-cola for pride month too.
Scaling
It was recently announced that Polygon will be the Go to solution on ETH for scaling. There has been steady integration and migration of many of the projects onto the L2 network. Many NFTs have been using Polygon as their first choice too. It is also a contributing factor to the rise of Polygon.
Experts are hopeful
Traders say that the price might touch $0.75 and people who have invested expect it to go even higher. With a lot of promising catalysts lining up, it could be the start of a bull run too.
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