1. Polygon (MATIC) has experienced a bullish trend as the launch of its zkEVM Network update draws near.
2. Investors have been pouring more funds into the asset, causing the price to spike by 8.6% in the past 24 hours.
3. MATIC’s current price is at $1.09, up from its price tag of $0.75 seen late last year.
The crypto market has been experiencing a rally and Polygon (MATIC) is no exception. Multiple crypto assets have been climbing towards their peak and beyond, and Polygon’s bullish trend could be a result of its upcoming zkEVM Network update. The launch of the update is now confirmed, which has caused the inflow of investors to increase and fuel the asset’s price.
Polygon is a layer-2 scaling solution built on top of the Ethereum blockchain in order to improve the network’s scalability. The developers of the Polygon network have announced plans to enhance the platform, and the zkEVM Network update is just one of them. Sandeep Nailwal, co-founder of Polygon, recently tweeted that the mainnet launch is coming soon and investors are taking notice.
The past 24 hours have seen MATIC spike in price by 8.6%, mirroring the general bullish trend of other altcoins. MATIC’s price is currently at $1.09, quite a jump from the $0.75 it was at late last year. The 1-day chart indicates that the price is still going strong, with plenty of liquidity at the moment.
The rally in the crypto market and Polygon’s bullish trend could open up opportunities for investors to gain more profits. With the zkEVM Network update coming soon, investors should keep a close eye on MATIC and the development of the Polygon network.