Polygon (MATIC) Keeps Shining With Over 12% Gain In Value

MAtPolygon (MATIC), the Ethereum layer-2 protocol, is swimming in gains throughout October. The last seven days alone have seen the coin increase by over 12% and currently sits at a value of $0.941.

Timeline of Polygon

During recent weeks, when the prices of Bitcoin, Ethereum, and other altcoins have struggled to hold their key Support levels, the price of Polygon (MATIC) has been one of the standout performers. The price of Polygon showed strength by holding above the region of $0.77 and is currently inching closer to $1.

MATIC has been bullish over the past two weeks, and saw a bullish market structure break on the 12-hour timeframe. The sweep of the range lows provided a positive reaction, and the next target was the $1.05 region.

Polygon MATIC price has maintained a relatively stable uptrend despite the larger crypto market's uncertainty.   The post Why Polygon MATIC Price Could Experience Another Bullish Breakout appeared first on BeInCrypto.

Polygon has seen its price increase by 23% in the past 30 days, with MATIC spending the entire month of October in the green. The post MATIC up 23% over past month as addresses spike, coins leave exchanges en masse appeared first on CryptoSlate.

MATIC's price shows strength as it bounces from a downtrend range price rallied to a high of $0.95 with eyes set on $1.  MATIC faces a major issue break and holds above 61.8% Fibonacci value and trends higher to a region of $1.

Polygon's MATIC is now ranked 11th in terms of market cap, with the altcoin having garnered a lot of interest due to its increasing number of collaborations. Despite its growing number of partnerships, however, interest in Polygon's dApps has remained flat.

After an extended period of weak momentum, Bitcoin has begun its upward movement. Following in its step, altcoins like Ethereum, Cardano, Solana, XRP, and BNB, among others, surged as well. However, not all assets are experiencing such positive price increases; a few are yet to claim their bull run.

BitPay has announced that its platform now supports the Polygon network and MATIC token, making it possible for users to buy, store, swap, and spend MATIC straight from the BitPay app.

The crypto payments processing company BitPay now supports the Polygon protocol. Polygon (MATIC/USD) is one of the largest Proof-of-Stake (PoS) based, Layer-2 Ethereum (ETH/USD) scaling solutions out there that was originally launched in October of 2017.

Today, crypto compostable social graph Lens suspended its transactional services as a result of high Polygon gas limits and a third-party relay that contributed to a problem in mining transactions.