Polygon’s blockchain token grew by almost 30% per day

The value of the Polygon blockchain network token (MATIC) has increased by almost 30% per day and almost 70% over the past 7 days.

According to CoinMarketCap, yesterday MATIC was trading at $ 0.97, but now the token price has dropped to $ 0.93. MATIC’s price rose due to the announcement by Polygon blockchain of cooperation with Disney (the startup became the only participant in the Disney acceleration program among all blockchain projects) and an «intriguing» tweet by MATIC developer Michael Brzelik.

«When we launched @0xPolygon, the Ethereum community embraced us. It gave us the opportunity to integrate 30 thousand applications and attract 150 million users, becoming a giant among alternative L1s. We made a promise to stay committed to Ethereum. In3 days, we will prove it,» wrote Michael Brzelik.

When we started @0xPolygon, the Ethereum community embraced us. That empowered us to onboard 30k apps and 150M users and become a giant among scaling efforts and alt L1s.

We made a promise to stay committed and give back to Ethereum.

In 3 days, we are delivering on that. 🦄💫 pic.twitter.com/hRBN8DOVF7

— Mihailo Bjelic (@MihailoBjelic) July 17, 2022

At the time of writing, MATIC ranks 12th in the ranking of the largest cryptocurrencies with a market capitalization of $ 7.4 billion. MATIC was also ranked second in the top 100 most profitable altcoins in the market by total capitalization.