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MATIC price movement after Magic Eden integration and zkEVM progress

By: Invezz

One of the leading cross-chain non-fungible token (NFT) marketplaces, known as Magic Eden, is integrating with the Polygon (MATIC/USD) network.

Polygon’s zkEVM has also crossed 14,000 transactions since its launch, indicating high network activity.

Polygon is a purpose-built framework to enable developers to create applications on top of Ethereum (ETH/USD) and is a Layer-2 scaling solution that runs alongside that network.

Magic Eden’s integration and Polygon zkEVM performance as catalysts for growth

In the latest Polygon news, Polygon (MATIC)’s team posted an official publication on their blog on November 22, 2022, indicating that Magic Eden will integrate into the network.

The main goal of this integration will be to accelerate the development surrounding blockchain-based games and global brands entering Web3.

Magic Eden will work closely with strategic intellectual property owners, world-class game developers, and emerging creators.

This collaboration has brought numerous partnerships to Magic Eden, such as game development giants such as BORA by Kakao Games, IntellaX, nay, Boomland, Block Games, Planet Mojo, and Taunt Battleworld.

The Co-Founder of Polygon, Sandeep Nailwal, posted an update on November 21, 2022, surrounding Polygon’s zkEVM, where he announced that it had crossed the 14,000 transaction mark without downtime. 

Should you buy Polygon (MATIC)?

On November 23, 2022, Polygon (MATIC) had a value of $0.8594.

MATIC/USD Chart by Tradingview.

The all-time high that Polygon (MATIC) reached was on December 27, 2021, when it climbed to a value of $2.92. Here we can see that the token was $2.0606 higher in value at its ATH, or 240% higher.

When we go over its 7-day performance, Polygon (MATIC) saw its low point of value at $0.779052, while its high point of value was at $0.925292. Here we can see a value difference of $0.14624 or 18%.

In terms of the 24-hour performance, Polygon (MATIC) saw its low point at $0.794014, while its high point was at $0.871899. The difference here is 10% or by $0.077885.Investors will be interested in buying MATIC as it can climb to $1 by the end of December 2022.

The post MATIC price movement after Magic Eden integration and zkEVM progress appeared first on Invezz.

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