Polygon (MATIC) is the Biggest Gainer among Top Cryptos, Why?
Polygon (MATIC) has come out on top as the biggest gainer among the top-ranked crypto projects. In the last 24 hours, the token has rallied by up to 14%, and by 30% in the last two days. The push is attributed to positive news and sentiment around the Ethereum scaling solution. Source: Coingecko Now, Polygon (MATIC) has been making headway in the web3 space. Since the end of June, the cryptocurrency has gained a total of 270%. But there are a host of reasons for its latest upward rally. What’s pushing Polygon (MATIC)? One of the biggest pieces of news related to MATIC was Meta’s announcement to allow Instagram users to mint and put up for sale, NFTs which will be powered by the MATIC network. The India-based blockchain is the first such partner for the social media giant. Meta stated, “Creators will soon be able to make their own digital collectibles on Instagram and sell them to fans, both on and off Instagram. They’ll have an end-to-end toolkit ...