Matic Achieves Major Milestone, Polygon Crypto Price Surges 8%

Polygon crypto price is skyrocketing as market conditions become more favorable. $MATIC prices have skyrocketed by 8% in the last 24 hours. It is currently trading at $0.8716. Despite the fact that the entire crypto market saw a relief rally, Polygon is definitely the biggest winner in the market.
Polygon’s strong market rally is a result of a series of partnerships and integrations. Polygon is a scalable platform that allows developers and organizations to launch dApps on Ethereum. It also allows them to optimize their decentralized applications to be scalable and cost-effective. Polygon aims to be the third largest crypto after Bitcoin and Ethereum.
Why Is Polygon Winning The Crypto Market?
Polygon saw a series of integrations and partnerships. As CoinGape reported, leading multi-chain payment solution Utrust announced integration on Polygon. Utrust added support for USDT payments on Polygon which will also achieve cheaper fees and faster transactions.
Similarly, Polygon announced its partnership with SuperLayer, a leading Web3 venture studio.
Polygon also achieved a major adoption milestone. According to Alchemy, over 53,000 decentralized applications have been launched on the Polygon network. According to the company, it adds up to an 8X jump from the start of 2022 and a 60% increase since the month of June. This number includes dApps live on both the mainnet and the testnet.
Monthly active dApps increased by 29% since the end of last quarter.
The UP Police also launched the first complaint portal on Polygon. This complaint portal is managed by the Web3 platform Airchains. Polygon crypto price continues to dominate the market through integrations and partnerships.
How Long Will Polygon Crypto Price Rally
Polygon is the winner of the crypto market today. However, the entire market outlook is dependent upon macroeconomic factors. The Federal Reserve continues to take on a hawkish stance to curb inflation levels in the US. The US dollar continues to rampage the stock market.
However, experts believe that Polygon continues to be crypto with strong fundamentals.
- Cathie Wood’s Ark Invest Eyes Stake in Tether as USDT Issuer Targets $500B Valuation
- Kraken Secures $500M at $15B Valuation, Eyes IPO in 2026
- Bybit Lists Ripple’s RLUSD Following BlackRock and VanEck Integration
- SWIFT Plans Stablecoin and On-Chain Messaging Pilot on Linea, Challenging Ripple
- Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces
- Solana Price Set for Q4 Surge as Canary Capital ETF Filing Meets Wyckoff Accumulation
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%