Polygon (MATIC) Price Jumps 50% This Week, Are More Gains Due? #Polygon #MATIC #Price #Jumps #Week #Gains #Due Welcome to TmZ Blog, here is the new story we have for you today:
Polygon’s native token, MATIC, continued its bullish rise, with its price rising up by over 50% to reach $0.5987 in the last 7 days. MATIC is also up by 21% in the last 24 hours.
Last night, Coinbase announced the integration of Polygon, which exposes MATIC to a bigger pool of traders.
What Is Causing Polygon’s Upward Trend
Coinbase announced that they would support the buying and selling of ETH, USDC, and MATIC on Polygon. In the announcement, Coinbase’s director of product management, Nemin Dalal, pointed to the skyrocketing gas fees on Ethereum as the main reason for the move.