MATIC price eyes 200% gains on Polygon adoption by Instagram, JPMorgan

Cointelegraph

Published Nov 03, 2022 09:18AM ET

Updated Nov 03, 2022 11:00AM ET

Polygon (MATIC) emerged as the best-performing asset among the top-ranking cryptocurrencies on Nov. 3 as the market’s attention turned to the latest Instagram and JPMorgan (NYSE:JPM) announcements.

Notably, Meta, the parent company of Instagram, named Polygon as its initial partner for its upcoming nonfungible token (NFT) tools that allow users to mint, showcase and sell their digital collectibles on and off the social media platform.

MATIC/USD daily price chart. Source: TradingView
MATIC/USD daily price chart featuring cup-and-handle pattern. Source: TradingView
Polygon NFTs had the strongest Q3 performance in 2022. Source: Messari

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