Skip to content

Bitcoin Trading News

Trading Digital Currency

Primary Menu
  • Home
  • Bitcoin
  • News
  • Apps
  • Mining
  • Exchanges
  • Brokers
  • Sitemap
  • Home
  • Cryptocurrency/Cryptocoin
  • Instagram’s News Of Adopting Polygon To Support MATIC With A 200% Price Surge
  • Blockchain
  • Crypto adoption
  • Crypto News
  • Cryptocurrency/Cryptocoin
  • Price Analysis

Instagram’s News Of Adopting Polygon To Support MATIC With A 200% Price Surge

Jose Stork November 6, 2022 2 min read

On November 3, the trading price of Polygon (MATIC) underwent a significant push. The data suggest that MATIC was among the top performers in the November 3 trading session.

Announcement by Instagram

Many analysts are attributing the strong push in MATIC’s price to the latest announcements made by Instagram and JPMorgan.

In recent months, Polygon has proven to be the center of attention for many institutional firms. It has been forming many significant and high-status partnerships that are growing its reputation.

Just recently, the parent company of Instagram, Meta, made an announcement that was a piece of great news for the entire Polygon community.

Meta announced that it had formed a partnership with Polygon for the creation of non-fungible token (NFT) tools. Instagram’s parent company announced that Polygon would be acting as their initial partner.

With the help of the new NFT tools, both companies would aim to offer users with access to selling, showcasing, and even minting their digital collectibles.

The best thing about their NFT tools would be that the users will not be bound to perform these actions only on the social medial platform. They would be able to perform the same actions on the social media platform.

Announcement by JPMorgan

Meta is not the only major mainstream company that has formed a partnership with Polygon. Even JPMorgan has made a major announcement that is quite favorable for Polygon.

JPMorgan has announced that it has recently carried out its first live trade. The trade was worth around $71k and it was performed using the Polygon blockchain.

This is a major step JPMorgan has taken toward its exploration of the cryptocurrency industry. JPMorgan has shown great interest in the adoption of cryptocurrencies and now, it is fulfilling its ultimate goal.

The financial investment giant has been eager to bring the traditional financial and cryptocurrency frameworks together to form a highly advanced ecosystem.

MATIC’s Price Action

Just as the announcements were made, the trading price of MATIC ended up experiencing a significant push. MATIC is the utility token on the Polygon blockchain ecosystem and it is also used as a staking token.

Following the announcements, the trading price of MATIC experienced a significant push. The trading price of MATIC rose by 13% and following the surge, its value moved up to $0.985.

The trading volume for the native token MATIC has also experienced an uptick and it is also growing with every passing day.

MATIC was not the only asset that recorded a significant push but almost all major assets rebounded. Although the rebound has been in play since mid-June, it has managed to gain momentum in recent days.

Since June, the trading price of MATIC has recorded an almost 200% rebound. The analysts expect that MATIC would eventually rebound by 200% in the upcoming days.

Continue Reading

Previous: Cryptocurrency Exchanges In India To Report Cryptocurrencies Traded On Their Platform To Tax Authority
Next: Dogecoin Suffers A 10% Plunge As Twitter Halts Its Work On Cryptocurrency Wallet

Recent Posts

  • Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?

    Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?

  • Binetrix Review – A Variety of Educational Materials to Help You Trade

    Binetrix Review – A Variety of Educational Materials to Help You Trade

  • Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public

    Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public

  • UniTrust Venture Review – Is This A Versatile Online Trading Brand?

    UniTrust Venture Review – Is This A Versatile Online Trading Brand?

  • Axia review – Is this a legit CFD broker?

    Axia review – Is this a legit CFD broker?

  • TRADE.com Review – What Does This Broker Offer Traders In 2023

    TRADE.com Review – What Does This Broker Offer Traders In 2023

  • TradeSmart Academy Review – 3 Ways It Makes Learning Easy for Traders

    TradeSmart Academy Review – 3 Ways It Makes Learning Easy for Traders

  • Trades Universal Review – A Broker with a Great Vision

    Trades Universal Review – A Broker with a Great Vision

  • Why Choose Copy Trading Over Other Forms of Trading?

    Why Choose Copy Trading Over Other Forms of Trading?

  • Predictions For Big Eyes Coin Are Quite Hopeful

  • A Group Of Influential Us Senators Introduce Legislation Addressing The Crypto Industry

    A Group Of Influential Us Senators Introduce Legislation Addressing The Crypto Industry

  • Bill That Will Strengthen Crypto-money Laundry Regulations

    Bill That Will Strengthen Crypto-money Laundry Regulations

  • BTC Soars To A New Monthly High After The US CPI Report

    BTC Soars To A New Monthly High After The US CPI Report

  • FSB Intends to Establish Cryptocurrency Regulation Rules

    FSB Intends to Establish Cryptocurrency Regulation Rules

  • Ledger Stax With Tony Fadell Joining The Dev Team

    Ledger Stax With Tony Fadell Joining The Dev Team

  • The Crypto Market Is In Bad Shape, But Investors Are Still Bullish

    The Crypto Market Is In Bad Shape, But Investors Are Still Bullish

  • Michael Zetser’s Unique Approach to Fixing the Fintech Industry

    Michael Zetser’s Unique Approach to Fixing the Fintech Industry

  • Mobile Is Still The Biggest Technological Platform For Crypto

    Mobile Is Still The Biggest Technological Platform For Crypto

  • SushiSwap Wants to Restructure to Avoid Insolvency

    SushiSwap Wants to Restructure to Avoid Insolvency

  • Crypto Miners Have To Look For New Havens As Kazakhstan Tightens Regulations

    Crypto Miners Have To Look For New Havens As Kazakhstan Tightens Regulations

  • ‘Programming Languages’ A Key To Improving Security Of DeFi Protocols And Crypto Industry

    ‘Programming Languages’ A Key To Improving Security Of DeFi Protocols And Crypto Industry

  • Market Interest Keeps Growing in Oryen, Early Investors Enjoy 140% Gains Already

    Market Interest Keeps Growing in Oryen, Early Investors Enjoy 140% Gains Already

  • Cardano’s Opportunity to Shine Fades Due to Stablecoin Development Issues

    Cardano’s Opportunity to Shine Fades Due to Stablecoin Development Issues

  • Despite Launch of ApeCoin DAO Marketplace, ApeCoin Prices Have Fallen By 3.42%

    Despite Launch of ApeCoin DAO Marketplace, ApeCoin Prices Have Fallen By 3.42%

  • Huobi Adds An Extra Layer Of Security Around Its HBTC H-Token

    Huobi Adds An Extra Layer Of Security Around Its HBTC H-Token

  • XRP Observes a Strong Rally That Has Pushed It to 3-Week High

    XRP Observes a Strong Rally That Has Pushed It to 3-Week High

  • Cryptocurrencies to Face Tighter Regulations in Africa, Advise by IMF

    Cryptocurrencies to Face Tighter Regulations in Africa, Advise by IMF

  • ETH’s Trading Price Has Recorded A Plunge, Fears A Further Dip Below $1,000

    ETH’s Trading Price Has Recorded A Plunge, Fears A Further Dip Below $1,000

  • Cardano To Hype Its Adoption As It Wants To Launch A New Stablecoin

    Cardano To Hype Its Adoption As It Wants To Launch A New Stablecoin

  • SNM Trading Prices Surge By 4,000%, Users Expect A Pump And Dump Scheme

    SNM Trading Prices Surge By 4,000%, Users Expect A Pump And Dump Scheme

You may have missed

Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?
3 min read
  • Reviews

Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?

March 20, 2023
Binetrix Review – A Variety of Educational Materials to Help You Trade
3 min read
  • Cryptocurrency Brokers

Binetrix Review – A Variety of Educational Materials to Help You Trade

March 19, 2023
Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public
2 min read
  • Bitcoin

Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public

March 15, 2023
UniTrust Venture Review – Is This A Versatile Online Trading Brand?
3 min read
  • Cryptocurrency Brokers
  • Reviews

UniTrust Venture Review – Is This A Versatile Online Trading Brand?

February 7, 2023
Bitcoin Trading News | MoreNews by AF themes.