{"id":495701,"date":"2022-07-14T14:14:31","date_gmt":"2022-07-14T14:14:31","guid":{"rendered":"https:\/\/wncen.com\/?p=495701"},"modified":"2022-07-14T14:14:31","modified_gmt":"2022-07-14T14:14:31","slug":"polygon-climbs-20-on-disney-glee","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polygon-climbs-20-on-disney-glee\/","title":{"rendered":"Polygon Climbs 20% On Disney Glee – Can MATIC Sustain Gains This Month?"},"content":{"rendered":"

MATIC, the native token of Polygon, is the highest performing cryptocurrency in CoinMarketCap’s top 50 list by market capitalization over the past 24 hours, with gains of about 20%.<\/p>\n

MATIC reached its highest level since early June, in the mid-$6.0 range, a day after Polygon was selected for Walt Disney’s benchmark business growth program.<\/p>\n

According to a Disney release, Polygon is one of the six organizations that will participate in the company’s 2022 Accelerator Program, a business and development initiative created to promote the expansion of creative businesses globally.<\/p>\n

Suggested Reading | CEL Token Price Plummets 50% As Celsius Goes Bankrupt<\/a><\/em><\/strong><\/p>\n

Polygon (MATIC) Rises 20% In Last 7 Days<\/h2>\n

As of this writing, MATIC is trading at $0.656, up 20.3% in the last seven days, data by Coingecko show, Thursday, its highest level in a month. In doing so, the token also surpassed its 50-day exponential moving average (EMA), the sloping red resistance mark that had constrained MATIC’s gains since January of this year.<\/p>\n

This week marks the launch of the Disney Accelerator program, which aims to explore new technologies inside augmented reality (AR), non-fungible tokens, and artificial intelligence (AI).<\/p>\n

\"Polygon\"<\/p>\n

Image: The Daily Hodl<\/pre>\n
The recent rebound in MATIC is also significant from a technical perspective and may portend a near-term turnaround in the cryptocurrency’s fate. According to pundits, the new surge in the token’s price paves the way for additional gains towards $7.50.<\/p>\n
MATIC Faring Better Than BTC & ETH<\/h2>\n
Polygon was once known as Matic Network. MATIC is an Ethereum token that enables the Polygon Network, an Ethereum scaling solution. Using Layer 2 sidechains, which are blockchains that operate parallel to the Ethereum main chain, Polygon intends to make Ethereum transactions faster and more affordable.<\/p>\n
MATIC’s upward movement was synchronized with intraday recovery moves observed elsewhere in the cryptocurrency market. Polygon performed better than the majority of its heavyweight competitors, including Bitcoin (BTC) and Ether (ETH). Walt Disney may be the driving force behind MATIC’s improved performance.<\/p>\n
<\/p>\n
MATIC total market cap at $5 billion on the daily chart | Source: TradingView.com<\/a><\/pre>\n
Suggested Reading |\u00a0Loopring Wobbles In Last 2 Months \u2013 Can LRC Stay In The Loop?<\/a><\/em><\/strong><\/p>\n
A snapshot of the cryptocurrency market reveals that the two largest cryptocurrencies by market capitalization, BTC and ETH, have both witnessed price declines during the past 24 hours. The price of Bitcoin was down\u00a0by 3.71 percent, while the price of Ethereum fell by more than 6 percent, data by CoinMarketCap show.<\/p>\n
Meanwhile, Wednesday saw 9,845 mentions of Polygon out of 1,792,394 social media posts on Twitter and Reddit. Approximately 8,675 distinct persons are discussing Polygon, and it is ranked #30 in terms of the number of mentions and activity within collected posts.<\/p>\n
Featured image from Crypto Economy, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
MATIC, the native token of Polygon, is the highest performing cryptocurrency in CoinMarketCap’s top 50 list by market capitalization over the past 24 hours, with gains of about 20%. MATIC reached its highest level since early June, in the mid-$6.0 range, a day after Polygon was selected for Walt Disney’s benchmark business growth program. According to a Disney release, Polygon is one of the six organizations that will participate in the company’s 2022 Accelerator Program, a business and development initiative created to promote the expansion of creative businesses globally. Suggested Reading | CEL Token Price Plummets 50% As Celsius Goes Bankrupt Polygon (MATIC) Rises 20% In Last 7 Days As of this writing, MATIC is trading at $0.656, up 20.3% in the last seven days, data by Coingecko show, Thursday, its highest level in a month. In doing so, the token also surpassed its 50-day exponential moving average (EMA), the sloping red resistance mark that had constrained MATIC’s gains since January of this year. This week marks the launch of the Disney Accelerator program, which aims to explore new technologies inside augmented reality (AR), non-fungible tokens, and artificial intelligence (AI). Image: The Daily Hodl The recent rebound in MATIC is also significant from a technical perspective and may portend a near-term turnaround in the cryptocurrency’s fate. According to pundits, the new surge in the token’s price paves the way for additional gains towards $7.50. MATIC Faring Better Than BTC & ETH Polygon was once known as Matic Network. MATIC is an Ethereum token that enables the Polygon Network, an Ethereum scaling solution. Using Layer 2 sidechains, which are blockchains that operate parallel to the Ethereum main chain, Polygon intends to make Ethereum transactions faster and more affordable. MATIC’s upward movement was synchronized with intraday recovery moves observed elsewhere in the cryptocurrency market. Polygon performed better than the majority of its heavyweight competitors, including Bitcoin (BTC) and Ether (ETH). Walt Disney may be the driving force behind MATIC’s improved performance. MATIC total market cap at $5 billion on the daily chart | Source: TradingView.com Suggested Reading |\u00a0Loopring Wobbles In Last 2 Months \u2013 Can LRC Stay In The Loop? A snapshot of the cryptocurrency market reveals that the two largest cryptocurrencies by market capitalization, BTC and ETH, have both witnessed price declines during the past 24 hours. The price of Bitcoin was down\u00a0by 3.71 percent, while the price of Ethereum fell by more than 6 percent, data by CoinMarketCap show. Meanwhile, Wednesday saw 9,845 mentions of Polygon out of 1,792,394 social media posts on Twitter and Reddit. Approximately 8,675 distinct persons are discussing Polygon, and it is ranked #30 in terms of the number of mentions and activity within collected posts. Featured image from Crypto Economy, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":495703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6664,1946,40670,83584],"class_list":["post-495701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-ethereum","tag-matic","tag-polygon"],"acf":[],"yoast_head":"\nPolygon Climbs 20% On Disney Glee - Can MATIC Sustain Gains This Month?<\/title>\n<meta name=\"description\" content=\"MATIC, the native token of Polygon, is the highest performing cryptocurrency in CoinMarketCap's top 50 list by market capitalization over the past 24\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/polygon-climbs-20-on-disney-glee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polygon Climbs 20% On Disney Glee - 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Polygon Climbs 20% On Disney Glee – Can MATIC Sustain Gains This Month?","url":"http:\/\/wncen.com\/news\/polygon-climbs-20-on-disney-glee\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/polygon-climbs-20-on-disney-glee\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Polygon-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Polygon-1.png?fit=766%2C429"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","crypto","ethereum","matic","polygon"],"dateCreated":"2022-07-14T14:14:31Z","datePublished":"2022-07-14T14:14:31Z","dateModified":"2022-07-14T14:14:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polygon Climbs 20% On Disney Glee – Can MATIC Sustain Gains This Month?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/polygon-climbs-20-on-disney-glee\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/polygon-climbs-20-on-disney-glee\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Polygon-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Polygon-1.png?fit=766%2C429\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"crypto\",\"ethereum\",\"matic\",\"polygon\"],\"dateCreated\":\"2022-07-14T14:14:31Z\",\"datePublished\":\"2022-07-14T14:14:31Z\",\"dateModified\":\"2022-07-14T14:14:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Polygon-1.png?fit=766%2C429","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/495701"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=495701"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/495701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/495703"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=495701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=495701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=495701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}