Polygon (MATIC) up 6.6%, Here Are 3 Key Trends to Watch

Polygon (MATIC) is looking to pare off its weekly losses with its price currently trading at $1.25, up 6.61% over the past 24 hours. The price action of MATIC is notably influenced by the protocol's current whale action, as pointed out by data analytics platform WhaleStats.

Timeline of Polygon

A trending Ponzi scheme that leverages the hype around Avatar: The Way of Water sci-fi movie has become the fifth largest holder of Polygon (MATIC), a core cryptocurrency of the Polygon network (MATIC) ecosystem.

The Avatar Ponzi scheme-related wallet — 0xc7728354f9fe0e43514b1227162d5b0e40fad410 — has accumulated over 22 million polygon (MATIC) coins. This movement has made the address the fifth-largest MATIC holder.

The Super Bowl Season has always been an exciting event and Polygon rides the wave through the minting of 1 million Super Bowl NFTs. But first, here's a quick glance of Polygon (MATIC) performance in the last few days: MATIC price is down by 1.43% as of press time Polygon NFTs riding the wave of the Super Bowl hype; now 4th largest in terms of NFT volume at $3.37 million MATIC price looks bullish for the long term Polygon knows exactly what to do with the Super Bowl hype and uses that to gather momentum.

Polygon MATIC News: Thanks to its technical prowess and support from the community, Polygon (MATIC) blockchain network is steadying itself in the top 10 cryptocurrencies based on market cap. The network entered into significant partnerships with some of the biggest institutional investors in recent times.

Private market investment company Hamilton Lane has unveiled tokenized investment funds in a deal with digital asset securities firm Securitize and blockchain Polygon. The new tokenized feeder funds would use blockchain technology to give individual investors the same opportunities as their institutional counterparts.

As part of the collaboration, a hybrid metaverse, players can effect change in the real world by removing real trash from the real ocean in any trash NFT they purchase.  According to the announcement, the arctic SaveYour.World is just the beginning of expanding the digital realm to other environments–forests.

In this episode, Polygon Labs President Ryan Wyatt discusses Polygon Labs's approach to business development, how the upcoming release of Polygon's zkEVM will help Ethereum scale, and the future of blockchain gaming.

Polygon price is still moving upward and is comfortably above the $1.20 mark as it continues its ascent toward $2. According to data from CoinMarketCap, the leading Layer-2 blockchain has gained an impressive 67% since the start of the year as the crypto market continues to recover from the extended bearish period of 2022.

Bloomberg senior macro strategist Mike McGlone has shared with the public a fresh outlook on the crypto market and its latest trends. In the report, McGlone argued, on the topic of Layer 2 solutions for Ethereum, that no protocol compares to the kind of network efficiency Polygon (MATIC) has brought to the table.

World-famous food brand Doritos invites everyone to join its pioneering metaverse experience in Decentraland (MANA). Doritos Triangle Studios is ready to explode into the red-hot segment with NFTs on Polygon Network (MATIC).