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Polygon Launches NFT game studio! MATIC Price is Nearing the $1 Mark

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The extended Bullish price actions following Elon Musk, Jack Dorsey, and Cathie Wood’s ‘The B-Word’ event allowed BTC to hold over $32,000. In the crypto market, the tide appears to have changed, and there is currently a strong positive attitude. Polygon Matic is the talk of the week, with a price increase of 16.33% in the last week and excellent progress towards the $1 threshold.

In the last hour, the price of MATIC has changed by 0.22 percent, 0.51 percent in the last 24 hours, and 16.33 percent in the last week. On May 19, 2021, Polygon hit an all-time high of $2.63. It’s currently down -64 percent from its all-time high. The current cycle’s high and low points are $0.95 and $0.62, respectively. 

Matic is now fighting resistance at $0.92. If the bulls break through the aforementioned level, the first resistance level is $1.00. Following that are $1.15, $1.22, and $1.42. The initial support, on the other hand, is at $0.8. Following that are $0.726, $0.67, and $0.6.

$100 Million Projects for MATIC!

Polygon already has over 500 decentralized apps, including the well-known NFT marketplace OpenSea. Polygon Studios, a $100 million fund for NFT and game ideas, was recently announced by Polygon. which will become the premier venue for leading developers looking to advance their blockchain games.

For its more than 100,000 gamers, the company is aiming to become the premier platform for Web 3 games by bridging the gap between Web 2 and 3. Polygon was chosen over the Ethereum mainnet and other blockchains by Avegoc, ZED RUN, and SkyWeaver to launch their game solutions.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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