Traders expect 200% upside from MATIC, but does Polygon network data support that?
Cointelegraph
Published Nov 04, 2022 03:35PM ET
Updated Nov 04, 2022 05:20PM ET
In the past year, Polygon (MATIC) has focused on growing their list of high-profile partners which includes luminaries like Disney, Starbucks (NASDAQ:SBUX) and Robinhood (NASDAQ:HOOD). The recent announcements of partnerships with both Instagram and JPMorgan (NYSE:JPM) have speculators pushing the token price up nearly 200%.
In addition to partnerships, blockchain adoption through network usage is important to analyze. Blockchain adoption can be analyzed by looking into daily active users of the blockchain, protocols using the technology, number of transactions and total locked value.
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Written By: Cointelegraph
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