Will MATIC Rally On Portal Launch, FIFA NFT Deal, 2 Major Upcoming Announcements?
Portfolio Pulse from Khyathi Dalal
Polygon's (CRYPTO: MATIC) token price is rising due to its new Portal launch, a FIFA NFT deal, and anticipation of two major announcements related to ZK and RWAs. The Portal replaces the old Wallet Suite, offering a unified UX for bridging, third-party bridges, gas refueling, and developer tools. FIFA's selection of Polygon for digital collectibles and the transfer of NFTs minted on Algorand to Polygon for a World Cup event further bolster its prospects. Additionally, Polygon hosts loyalty programs for Flipkart and Starbucks. MATIC's price has increased by 4.6% in the past 24 hours and over 10% in the past week.
December 12, 2023 | 4:20 pm
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Polygon's MATIC token is experiencing a surge in price following the launch of its new Portal, a FIFA NFT deal, and anticipation of two major announcements. The Portal aims to attract more developers and dApps, potentially increasing demand for MATIC. The FIFA deal and loyalty programs with Flipkart and Starbucks may also contribute to the token's utility and demand.
The positive price action of MATIC is directly tied to the recent developments including the Portal launch and the FIFA NFT deal. The anticipation of upcoming announcements creates a bullish sentiment among investors, likely leading to a short-term increase in price. The Portal's features are designed to improve the ecosystem, which could sustain the demand for MATIC. The FIFA deal adds credibility and visibility to Polygon, potentially attracting more users and developers.
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