Polygon (MATIC), which rose after Instagram announced that it would use its infrastructure for the NFT platform, reached its highest level since May.
The rise of the cryptocurrency, which gained value but failed to meet expectations, increased rapidly today after Instagram announced that it would provide an NFT platform using the Polygon infrastructure. MATIC, one of the most valuable cryptocurrencies, 24 hour in the period from 22% gained more value.
Data and analytics platform Santiment embodied this rise. Santiment’s to the data by 100,000 number of transactions over the dollar highest in the last 9 months level up.
Polygon, one of the Ethereum (ETH) scaling platforms that is increasing in popularity, announced in the past months that decentralized applications (dApps) on the platform will be available from the beginning of 2022. increased 4 times had announced.
With its agreements with giant companies such as Starbucks and Meta, Polygon has become the favorite of many companies and investors.
MATIC Technical Analysis
MATIC, which is above both its 50 and 200-day moving averages, is in critical condition. $1.04 level reached its highest level since May.
If MATIC, which is expected to find support from this region in case of a decline, stays above this level $1.35 levels It is being discussed in advance that it will experience such an increase.
- The information contained in the content is definitely not investment advice.
