MATIC Climbs 6% After Robinhood Support For Polygon POS Chain

MATIC has spiked by as much as 6% today with the crypto landscape having an optimistic vibe the entire week. MATIC looking positive with a surge of 6%  Polygon performance improves following announcement of Robinhood's support for Polygon transactions Around 18 million MATIC transactions made after Robinhood partnership announcement Polygon (MATIC) is dubbed to be the top performer when pitted against the top 20 cryptos in terms of market capitalization as seen in the past three months.

Timeline of Polygon

Being part of a constantly active community in cryptocurrencies is exciting. Something is always fresh to keep you entertained, whether you trade, invest, or build. As everyone is seeking those transformative results, those who enter this sector have great expectations.

James Mullarney, the host of the very popular YouTube channel “InvestAnswers”, says that $MATIC, the native token of Polygon, is one of his top altcoin picks for investors to keep an eye on.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. In the twelve hours of trading that preceded press time, Bitcoin [BTC] saw a bounce from the $19.6k support zone to trade at $20.1k at press time.

Polygon was a notable mover on Friday as the token surged to a two-week high, while volatility in crypto markets eased. Traders have been tense this week ahead of the payrolls report, however following the release of the data, bulls returned to action. Chainlink also rose, hitting a ten-day high in the process.

Polygon is up 10% this week as new brands announced their integration with the MATIC crypto Meta and Robinhood's support for Polygon has helped the crypto to jump 10% in terms of pricing.  Ethereum layer 2 solution Polygon has jumped nearly 10% following its recent integration with leading platforms like Meta and cryptocurrency exchange Robinhood.

Polygon price appears to have received the required push as popular exchange Robinhood adds support to the network. In a recent update, one can easily send & receive MATIC on the Polygon network in addition to the existing Ethereum network.

Be[in]Crypto takes a look at the five cryptocurrencies that increased the most last week, more specifically, from Aug 26 to Sept 2. The post Polygon (MATIC) Breaks out From Six-Month Resistance – Biggest Weekly Gainers appeared first on BeInCrypto.

Retail brokerage Robinhood Markets Inc (NASDAQ: HOOD) has enabled transfers on the Polygon (CRYPTO: MATIC) network. What Happened: Robinhood said on Wednesday that users would be able to send and receive MATIC tokens on Polygon in addition to Ethereum (CRYPTO: ETH).

OpenSea, the NFT marketplace with the highest number of users, has had the Polygon [MATIC] network on its platform for a while. However, the use of the cryptocurrency was extremely limited compared to Ethereum [ETH], which many of its users preferred.

OpenSea's Seaport will now support Polygon  Users will be able to transact and trade NFTs by using MATIC, Polygon's native token OpenSea, one of the leading NFT marketplaces, took to Twitter to announce the integration of layer 2 scaling solution Polygon on Seaport.  Seaport Adds Support For Polygon  OpenSea tweeted that the marketplace is ready to support Polygon via Seaport to “improve the experience for everyone on OpenSea.