{"id":518715,"date":"2023-02-05T16:06:24","date_gmt":"2023-02-05T16:06:24","guid":{"rendered":"https:\/\/wncen.com\/?p=518715"},"modified":"2023-02-05T16:06:24","modified_gmt":"2023-02-05T16:06:24","slug":"polygon-price-may-surpass-1-50-in-february-heres-why","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/matic\/polygon-price-may-surpass-1-50-in-february-heres-why\/","title":{"rendered":"Polygon Price May Surpass $1.50 In February – Here’s Why"},"content":{"rendered":"
Polygon price is still moving upward and is comfortably above the $1.20 mark as it continues its ascent toward $2. According to <\/span>data from CoinMarketCap<\/span><\/a>, the leading Layer-2 blockchain has gained an impressive 67% since the start of the year as the crypto market continues to recover from the extended bearish period of 2022.\u00a0 <\/span><\/p>\n Polygon’s growth has been attributed to solid fundamentals, and its native token, MATIC, could surpass $1.50 in February due to a few factors.\u00a0<\/span><\/p>\n Polygon has performed well in the DeFi sector in the past with its unique infrastructure and low transaction fees attracting new and established platforms to its ecosystem. The latest platform to join this trend is Dopex finance. Polygon announced on February 4 that the decentralized options protocol had launched on its blockchain.\u00a0<\/span><\/p>\n It further stated that this was a step forward for Dopex as it would reach a wider user base and provide opportunities for traders to take advantage of its novel features. Following the announcement, MATIC’s price responded positively, and its daily and weekly charts are in the green zone.\u00a0<\/span><\/p>\n Related reading: <\/b>MATIC Gains Over 20% As Polygon Network Records Biggest Whale Transaction Of 2023<\/b><\/a><\/p>\n This development comes after the Polygon team completed a hard fork on its blockchain network. According to Polygon the hard fork would significantly reduce price fluctuations on its network while following the gas mechanisms of Ethereum. It would also ensure that gas fees remain relatively lower during peak periods on its network.\u00a0<\/span><\/p>\n MATIC’s price surge could have been a significant factor in the token’s popularity among crypto whales. According to data from the crypto tracking platform <\/span>WhaleStats<\/span><\/a>, MATIC surpassed Shiba Inu (SHIB) to become the most-traded token from Ethereum (ETH) whales.\u00a0\u00a0<\/span><\/p>\nPolygon Spurred By DeFi Growth<\/h2>\n