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

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.

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.

Recent Posts

Will Cardano Price Be Affected by Elrond Upgrades? ELGD Price Set to Hit $500!

The crypto space is undergoing extreme volatility as the market lost nearly $150 billion. And…

13 mins ago

Will Bitcoin Price rally in Q4? Experts and Analysts Say Yes!

The crypto market underwent a severe fall in September after a good bull run in…

33 mins ago

FortKnoxster(FKX) Blockchain Messenger- The Next Telegram

Why Fortknoxster will be the most successful messaging app based on blockchain technology! FortKnoxster, the…

2 hours ago

Swap, Stake, And Yield Farm With ChilliSwap

Decentralized exchanges act as traditional banks and ATMs for cryptocurrencies with better security, faster transactions,…

3 hours ago

Cardano Price could hit fresh highs! ADA Price to Hit $4 Says deVere Group CEO Nigel Green

The broader cryptocurrency market seems to be clearing out weak hands as the turn down…

3 hours ago

Solana Price To Hit Back Harder Above $150 In The Next 7 Days

Solana price after the mesmerizing rally above $215, shed almost half of its gains within…

4 hours ago