Polygon (MATIC) Soars 13% Weekly Amid Bear Market – Here’s Why

Polygon (MATIC) Soars 13% Weekly Amid Bear Market – Here’s Why

Despite the prolonged bear market still punching most of the TOP 100 cryptocurrencies by market cap in the face, Polygon (MATIC) has managed to stay in the green with 13% gains in the last 7 days. Ranked #14, Polygon (MATIC) trades at $0.840088, according to CoinGecko. Thus, Polygon (MATIC) is among the top gainers since last week, trailing only Maker (MKR) and Elrond (EGLD), which recorded 13.5% and 15.8% gains, respectively.

Furthermore, according to statistics provided by LunarCrush, Polygon’s native $MATIC project tops the popular blockchain game Decentraland (MANA) as the most mentioned on Twitter. This proves the flexibility of the company that has been rebranded in 2020.

Polygon’s (MATIC) Long List Of Partners

One reason behind the success of Polygon (MATIC) is the newly-formed partnerships. The blockchain company made headlines earlier this year when Disney’s Accelerator Program included Polygon (MATIC) in the 2022 edition. Besides, Polygon (MATIC) joined forces with Coca-Cola to release a Pride-themed NFT collection.

Most recently, the blockchain firm was hired to develop the Space Odyssey for the coffee giant Starbucks. Also, the retail trading app Robinhood added $MATIC, while OpenSea included Polygon’s blockchain for NFT trades. Moreover, other notable partnerships include Adobe, Mercedes, Reddit, Meta & the NFL.

Polygon (MATIC) At The Forefront of Web3

Polygon (MATIC) has put in serious effort to expand its own ecosystem with Polygon Studios, Supernets, Avail and Polygon ID to stay on top of the crypto game. It is also evident that the crypto company cares about security, as the newest partnership formed with Halborn Security will help conduct a security audit of Polygon Avail. Ultimately, the team “believes that every scaling solution should be easy to implement, decentralized and most importantly, secured.”

On the Flipside

  • Polygon’s native cryptocurrency is still down by 71.1% from its all time high 9 months ago.

Why You Should Care

Forming partnerships with retail brands can significantly boost crypto adoption.

Back to Top
Close Zoom
Don't push your luck