Last Updated on April 29, 2021 by Jason
Polygon’s token rose in value for a third day in a row, reaching more than 60 cents. This was an increase of 13% on the previous day, and it has increased more than 35 times what it was valued at the same time last year. In just one week alone, it has increased in value by 50%.
This means that Polygon’s token now has a market cap of more than $3 billion. High transaction costs and network overload over on Ethereum are just a couple of reasons why Polygon has been able to swoop in and do so well, as it bolsters cheaper features to attract new traders.
Analysts predict even stronger growth for Polygon over the next few days, which if this occurred would be a continuation on the wider bull run that the market has seen since December.
I think it’s quite clear on what happens next pic.twitter.com/xeReUJny59
— Rager 📈 (@Rager) April 27, 2021