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Crypto Analyst Optimistic About Polygon (MATIC)

Analytics

thenewscrypto.com 30 November 2021 14:14, UTC
  
Reading time: ~2 m

  • MATIC price expected to continue rising.
  • A new milestone has been reached in the scaling solution.

It’s been a busy year for MATIC in the NFT world, with new collaborations and new products. MATIC’s stock surged when it was listed on Spain’s major market. Furthermore, it has been reported that MATIC is listed on Bit2Me, the biggest Spanish cryptocurrency exchange.

MATIC is currently available to more than a million cryptocurrency investors on the platform of the exchange. Moreover, increased demand is a result of this listing. Furthermore, by adding more exchanges and collaborations, MATIC price, expected to continue rising.

Inaugural NFT Collection

Following the success of the DeFi environment, Polygon Network is now focusing its efforts on the NFT ecosystem, its co-founder Mihailo Bjelic has said. Furthermore, in honour of Macy’s 95th Thanksgiving parade, Polygon created Macy’s inaugural NFT collection.

Phase 1 of the Uniswap governance process went exceptionally well! 🎉

7.79M UNI (~100%) voted yes, and only 25k was required for the vote to pass! 🤯

Thanks @Uniswap community, we are humbled by this level of support! 🙏

We're moving forward with Phase 2; let's do this! 🔥 https://t.co/16MeXFTGqZ pic.twitter.com/AuWlgeqnOs

— Mihailo Bjelic (@MihailoBjelic) November 26, 2021

A new milestone has been reached in the scaling solution. Phase 1 of the UNI community’s review of the plan was overwhelmingly positive. This brings Uniswap V3 to Polygon closer. Furthermore, the co-founder confirmed the start of phase 2 as only a 25k vote was required for the phase 1 clearance. The arrival of Uniswap V3 on the MATIC network has grown more realistic.

MATIC’s price, expected to rise in the near future. Cryptocurrency experts from the YouTube channel “Invest & Trade with Jaxx” have forecast that MATIC’s price would break a record. Moreover, analysis shows a double top formation, which indicates a MATIC bull run.

MATIC/USDT: Source: TradingView

According to CoinMarketCap, Polygon’s price today is $1.71 USD. Furthermore, it ha a 24-hour trading volume of $1,294,364,129 USD. MATIC has been up 2.67% in the last 24 hours.


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