Polygon’s integrations with Starbucks and Meta help MATIC price during crypto collapse
Portal de analiză criptografică Messaria reports that the number of Polygon-based NFT sales has increased by 191% since the end of September, the best result of any blockchain. This mark has been achieved by integrating Polygon’s power into the infrastructure of top Web2 companies. In a short period of time, Starbucks, Instagram (Meta), Reddit and many others have used this Layer 2 blockchain’s capabilities.
Cum s-au descurcat NFT-urile în timpul recesiunii?@ 0xPolygon a înregistrat o creștere de 191% a vânzărilor NFT de la sfârșitul lunii septembrie, deoarece companiile Web2 au încercat să integreze complet NFT-urile în platformele lor.@Starbucks, @Reddit, și @Poartă toate s-au integrat cu @ 0xPolygon. pic.twitter.com/pIgXQgdgwt
- Messari (@MessariCrypto) Noiembrie 30, 2022
Poligon is currently fourth among all chains in terms of total NFT sales since the beginning of the year. However, it would be more interesting to see how Polygon’s successes this autumn have affected the price of the fuel powering its network. We’re talking about MATIC, currently ranked tenth among the largest crypto assets by CoinMarketCap.
Polygon (MATIC) price action is win-win
Privind la MATIC chart, you can see that the technique fully correlated with the above-mentioned fundamentals, when the asset was in an accumulation phase since July and, in November, on a 32% momentum, started to increase rapidly in value.
Nevertheless, the famous FTX story happened next, and MATIC gave away all of its gains, collapsing to the support level around $0.805.
In total, looking at the MATIC monthly price chart, it can be said that it is breaking even for the last five months. Another thing is the MATIC chart against Bitcoin (BTC) or Ethereum (ETH), against which Polygon token showed 115% and 53.7%, respectively, during the same period of time.
Source: https://u.today/polygon-nft-sales-up-191-heres-how-matic-price-reacted