These past couple months were really bad for crypto, we are still in a bear market and it's likely to last a few more months.
Amid this bear market, some companies have gained interest in Polygon. In this past few months Reddit, CocaCola and Disney has partnered with Polygon. Polygon aims to provide cheaper transaction on Ethereum as it uses layer 2 sidechains.
CocaCola is minting it's NFTs collection of The Pride Series on Polygon network, and reddit also launching its NFTs avatar on its marketplace. And recently Polygon partnered with Disney's accelerator program, for it's new tech development of AR, NFT and AI.
We definitely saw a spike in the price recently in Polygon (21% as Disney's accelerator program news) but is it going to beat the bear market? Well, can't say.
Bitcoin dominates the crypto market, all the coins follow bitcoin, if bitcoin showed some signs of bullishness then we might see a spike in other cryptos including MATIC.
But it doesn't mean that we can't see some price movement in MATIC, there is likely to be a short rally in MATIC, but won't be long.
Definitely good news that such big companies use Polygon to work on their Web3 projects. 👍🏻
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