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Three reasons why MATIC bull market is back on track

  • MATIC listed on Spain’s largest crypto exchange, Bit2Me, introducing the altcoin to over a million unique users on the platform. 
  • Polygon co-founder reveals MATIC network is focused on becoming the number one platform for NFTs.
  • Proposal to deploy Uniswap V3 to Polygon receives high support in phase one of the governance process. 
  • Analysts have a bullish outlook on MATIC, predict the altcoin could hit a new all-time high soon.
Three reasons why MATIC bull market is back on track
Ekta MouryaEkta MouryaFXStreet

MATIC continues making strides in the NFT ecosystem with new partnerships and collections. The altcoin got listed on Spain’s largest exchange, fueling a bullish narrative for MATIC price. 

MATIC price continues to climb with a focus on NFTs

Bit2Me, the largest Spanish cryptocurrency exchange, announced MATIC’s listing on the platform. 

Over a million crypto traders on the exchange's platform now have access to MATIC. This contributes to a rise in the demand for the altcoin. 

With new exchange listings and partnerships, MATIC price is likely to resume its climb. 

Polygon Network’s co-founder Mihailo Bjelic revealed that after climbing to the top of the DeFi ecosystem, the project is now focused on the NFT ecosystem. Polygon powered Macys’ first NFT collection on the 95th anniversary of its Thanksgiving day parade. 

The scaling solution recently hit another milestone. The proposal submitted for bringing Uniswap V3 to Polygon was warmly welcomed by the UNI community in phase 1. 

It has become more likely that Uniswap V3 will arrive on the MATIC network. 

Analysts have a bullish outlook on MATIC price. Cryptocurrency analysts at the YouTube channel “Invest & Trade with Jaxx” have predicted that MATIC price could hit a new all-time high. The analyst sees a double top formation, holding above the EMA is indicative of MATIC bull run. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

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