• Polygon (MATIC) price jumped 13% to $1.45, propelled by major network developments and partnerships.
• The latest surge is part of a bullish run that began two days ago, when MATIC hit lows of $1.14.
• The upcoming launch of Polygon zkEVM on 27 March 2023 could drive the MATIC price even higher.
Polygon (MATIC) Price Rises 13%
The Polygon (MATIC) price has jumped 13%, reaching a high of $1.45 amid a major rally for cryptocurrencies. This surge in value comes from several developments and partnerships within the network.
Bullish Run for MATIC Price
This is not the first time the MATIC price has seen an increase in recent days, as it had already been climbing over the last two days from lows of $1.14 on Tuesday. This momentum has been fueled by positive sentiment across the cryptocurrency market, with Bitcoin’s value moving above $25,000, as well as other significant events in the crypto world such as Square Enix’s Web3 game launch on Polygon and Plague of Frogs coming to the blockchain too.
zkEVM Mainnet Launch Could Propel Price Further
The upcoming launch of Polygon zkEVM on 27 March 2023 has been cited by experts as one possible catalyst that could push the MATIC token’s value even higher due to its ability to revolutionize blockchain transactions with frictionless scaling on Ethereum. Crypto trader and investor Luke Martin believes this may be driving today’s pump in price action.
Recent Developments Behind Surge
Key developments around Square Enix and National Geographic’s adoption of Polygon have also contributed to today’s rally for MATIC tokens, further boosting its value to $1.45 at present levels which was previously trading at just $1.28 before the surge began earlier today..
Can It Go Higher?
It remains unclear if MATIC can maintain these gains or go even higher in coming weeks ahead but it appears likely that support will hold at current levels around $1.40 should prices retreat from hereon out due to ongoing network developments and partnerships contributing towards its success so far this year