Polygon MATIC News: Thanks to its technical prowess and community support, the Polygon (MATIC) blockchain network stabilizes itself in the top 10 cryptocurrencies by market capitalization. The network has recently formed important partnerships with some of the largest institutional investors. The founding team behind the project has already made their goals clear with their top 3 spot target. To surpass six major cryptocurrencies and stand next to Bitcoin and Ethereum in terms of market size, MATIC still has a long way to go.

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Meanwhile, technical indicators suggest that MATIC is currently well placed for a bullish scenario. CoinGape reported that MATIC could see a price increase if it breaks the $1.30 neckline resistance. On the upside, the top 10 cryptocurrency could see a 50% increase to USD 1.80.

Polygon zkEVM Mainnet

The Polygon MATIC zkEVM Mainnet, which is expected to be live by the end of March 2023, could cause a major surge in the price of the cryptocurrency in the near term. The launch of the mainnet is likely to save transaction costs for the users apart from saving data costs for the network. As a solution, zkEVM works on decentralized Ethereum Layer 2 scalability using cryptographic zero-knowledge proofs to provide validity and fast resolution for off-chain transaction computation.

Also Read: Top Whales Collect These Top Crypto Tokens Before Prices Rise

Anvesh reports major developments around crypto adoption and trading opportunities. He has been associated with the industry since 2016 and is now a strong advocate for decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @BitcoinReddy and contact him at [email protected]

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

This post MATIC zkEVM Mainnet couldn’t come at a better time

was published first on https://coingape.com/polygon-news-matic-new-upgrade-zkevm-mainnet/


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