Polygon (Matic) has seen enormous growth even in the bear market, why it is rising, and can it make into the list of top 5 crypto assets?
Polygon (MATIC) has seen a massive jump in its price ranging from $0.78 to $1.55 this year. The polygon team has been actively working on its ecosystem development and partnerships is the reason why Matic is smashing the price charts despite a bear market. A few partnerships, the polygon team has made in a few previous months include Instagram, RobinHood, Starbucks, Nothing, Walt Disney, Reddit, Stripe, eBay, NFL, Tether, Adidas, Prada, Adobe, Liverpool FC, Opera, ApeCoin, Uniswap, Sandbox, Decentraland, Bitpay, Mercedes-Benz and a lot more.
Polygon has been all over the headlines recently because it has made a game-changing collaboration to increase the network's capabilities and offerings. The popular blockchain network has partnered with Eclipse to launch a new software-based customized rollup in order to bring Solana's (SOL) Sealevel Virtual Machine to migrate to the Polygon ecosystem or go multichain. This will increase the network's output and will enhance interoperability for crypto-related businesses including Gaming, DeFi, Music and many more.
Polygon's positive developments and bullish sentiment show its price may rise up to $1.75 - $2.0 or more if there will be more positive developments gonna happen in the near future. Else, it could fall to $1.15 - $1.25 depending upon the Fed's next meeting expected to happen on March 22-23. As of now, at the time of writing this article, Matic is trading at $1.28 and ranked #8 on CMC with a market capitalization of $11.23 Billion.
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