Bomb Prediction and Price Target from the Inventor of Polygon! – Cryptokoin.com

The vast majority of altcoin projects have been bullish for the past 24 hours. The native altcoin project of the Polygon ecosystem continues its rise in MATIC. MATIC has increased by 20.45 percent in the last 24 hours. As a result of the activity, the altcoin exceeded 1 dollar.

MATIC price continues to rise

MATIC, the native altcoin of the Polygon ecosystem, continues to trade at $1.13. The altcoin currently has a market cap of $9,852 billion. The last price rally in MATIC was experienced as whale transactions hit an eight-month high. On November 3, it witnessed the largest single-day transaction over $100,000. The data provided by the on-chain data provider Santiment is as follows:

Do you believe in MATIC? Today, the highest whale transaction since February for the 11th-ranked altcoin, whose market cap has increased. More than $100,000. The fact that the $10 million MATIC whale triggered a mid-October spike in Polygon stocks may have foretold this.

The last price increase in MATIC was experienced with the latest developments in the Polygon ecosystem.

Significant developments continue in the Polygon network

On Wednesday, November 2nd, Meta (Facebook) released a new announcement. According to the statement, it will bring the ability to create and sell NFTs for users who will create content on the Instagram platform. Interestingly, Instagram will rely on the Polygon blockchain for its initial NFT market plans. It also means that Instagram will use the Polygon network for its NFT business activities. Additionally, Meta works with other blockchain platforms including Ethereum and Flow. The tech giant also plans to add support for the Solana blockchain and Phantom wallet address in the future.

polygon

As we have reported as Kriptokoin.com; Another catalyst took place after the rally in the MATIC price. America’s largest bank JPMorgan has successfully traded using the Polygon blockchain network. On the Polygon Layer-2 blockchain, JPM has issued 100,000 tokenized Singapore dollars (US$71k) using the Aave decentralized finance protocol.

Founder Sandeep Nailwal shared a price prediction

Sandeep Nailwal, Founder of the Polygon ecosystem, made a new prediction. Nailwal said Polygon will be in the well-deserved ‘Top 3’ along with BTC and ETH. Stating that it is a one-of-a-kind project, Nailwal used the following expressions in his speech:

I won’t rest until Polygon is in the well-deserved top three alongside Bitcoin and Ethereum. No other project comes close to Polygon.

MATIC is currently the 11th cryptocurrency by market cap. However, when we look at the developments, it is definitely one of the rival projects in the first 3 names. Stating that Meta (Facebook) and JPMorgan chose Polygon for their projects in the field of NFT and DeFi after sharing, Nailwal said:

JP Morgan and Instagram chose Polygon. The world’s first zkEVM mainnet is almost here

The Polygon founder also hinted that the zkEVM mainnet will be launched soon.

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