Polygon [MATIC] has been riding high in the crypto market recently. The meteoric and yet shocking rise of MATIC’s price has been well-documented in the news. Most recently, Polygon announced the release of zkEVM, its first EVM-compatible layer 2 scaling solution. This development is expected to be a big hit as it will enable cheaper […]
. Most recently, Polygon announced the release of zkEVM, its first EVM-compatible layer 2 scaling solution. This development is expected to be a big hit as it will enable cheaper gas fees on Polygon. Despite the Fed’s rate hike, MATIC is seeing another price upturn recently as it chases the $1 resistance.on Our Network, we can see the developments on the Polygon network during Q2 of 2022. Despite the bearish influences, Polygon had many positive takeaways during the period in review.
The total contact creators are expected to pass the 200k mark soon as developers seek to reach 800k contracts as well.NFT activity has also dramatically increased on Polygon during the period in review. It is expected to see 500k active wallets this month itself. Some collections are faring better than others in DraftKings Reignmaker, PlanetIX, TheOne.art, and EDNS. Over 11 collections have shown monthly volumes crossing $1 million.
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Should you consider buying MATIC? The technical indicators point to thisDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polygon [MATIC] found renewed buying pressure over the last month as the buyers continue to inflict a streak of green candles on the daily chart. This trend-altering comeback aided the bulls in propelling the […]
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