Wednesday, December 6, 2023

Three explanations for Polygon’s (MATIC) +100% gain in a bad market.

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.


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.

Buy crypto during the dip and reap the benefits later on when your portfolio takes off. With

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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