polygon MATIC is up around 10% in the last 24 hours. According to CoinMarketCap, MATIC is currently trading at $0.55, an increase of about 5.60% from the previous day and 20.40% over the past week.
in a single day @0xPolygon,
, @RobinhoodAppPolygon integration goes live
, @ reddit Announced an NFT Marketplace on PolygonAnd many other things are in the pipeline..
We’re focused on shipping Bleeding Edge Tech and getting it to the masses.
Ahead of.
— Mihailo Bjelic (@MihailoBjelic) 7 July 2022
The cryptocurrency market got a much-needed respite as recent economic data eased investor concerns to some extent. In addition to macroeconomic considerations, here are three factors that have contributed to the recent growth.
collection of whales
$MATICTop Reddit’s Avatar Bazaar Price Is Up 10% Since Launch #polygon Network
Whales holding between 10 and 100 million MATIC are accumulating taking advantage of the low prices https://t.co/lBiRmXaGgj pic.twitter.com/t4FyAdqTu8
— IntoTheBlock (@intotheblock) 7 July 2022
The latest price increase for MATIC comes on the back of several weeks of whale accumulation. According to the on-chain analytics firm in the block, Whales worth between 10 and 100 million MATIC are piling up taking advantage of the low prices.
Reddit Partners With Polygon to Mint NFT Avatar
Reddit partners with Layer 2 scaling platform polygon To mint NFT avatars. In a statement accompanying the news, the founders Ryan Watts Said, “The hits don’t stop! Another big announcement for MATIC. I’m happy to report that Polygon has partnered with Reddit to power the platform on-chain. We are the biggest Web 2 companies are continuing to work with gaming, sports, and fashion brands.”
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Hits don’t stop!
Another big announcement for $MATIC,
I’m excited to share @0xPolygon has partnered with @ reddit To power the platform on the chain.
We continue to work with the biggest web2 companies, gaming, sports and fashion brands. https://t.co/NnDyIMpDWT pic.twitter.com/fIbjpshMqB
— Ryan Wyatt (@Fwiz) 7 July 2022
As part of the Web3 expansion, Taiwanese HTC recently launched a “Metaverse Phone” that comes with a digital asset wallet and a virtual reality (VR) headset pairing feature. With the Vives app and Vive Wallet built into the phone, users can create virtual avatars and manage crypto assets, including non-fungible tokens (NFTs) and cryptocurrencies on Ethereum and Polygon.
Robinhood expands support
diplomat ERC-20 deposit and withdrawal assistance is now available on the stock brokerage app Robinhood. Users are able to send and receive any cryptocurrency currently available on the app.
