3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week

Cointelegraph

Published May 29, 2021 03:19AM ET

Updated May 29, 2021 05:00AM ET

Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap.

There are several big reasons behind the strong uptrend of MATIC, including the growing hype around Polygon, Google (NASDAQ:GOOGL) BigQuery announcement, and Mark Cuban's investment.

MATIC 1-day candle chart (Binance). Source: TradingView.com
Polygon ranks top ten of cryptocurrencies by social volume. Source: Lunar Crush
VORTECS™ Score (green) vs. MATIC price. Source: Cointelegraph Markets Pro

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