- Polygon has announced its partnership with Mina Protocol.
- Most signals show a bullish trend for MATIC.
Polygon is defined as a protocol and framework that builds and brings Ethereum compatible networks. The platform has announced its partnership with Mina Protocol. This Mina Protocol is a blockchain company that works on privacy-preserving tech.
Moreover, the collaboration will bring Mina Protocol’s zero-knowledge proofs to the inter-operable Polygon blockchain. The platform offers privacy-preserving tech to the blockchain’s scalable and aggregating network for a multi-chain ETH ecosystem.
Polygon (previously Matic Network) is the first well-known, easy-to-utilize platform for Ethereum scaling and infrastructure development. In addition, its main component is Polygon SDK, a modular, flexible framework that helps creating multiple types of applications.
According to CoinMarketCap, the MATIC price is trading at $1.36 with a 24-hour trading volume of $1,484,919,743, at the press time.
All in all, most signals show a bullish trend for MATIC. More so, a minor pullback could be observed in the short term. This can lead as a result of a bearish momentum divergence in MATIC’s Relative Strength Index (RSI). Moreover, RSI is in the neither overbought nor oversold state.
Furthermore, MATIC’s trade volumes on the daily chart were pretty low. Inorder for MATIC to reach its ATH, an interest from crypto investors would be required. If investors consider Polygon as a potential crypto, then the price of Polygon can reach great heights soon.