Up More Than 90% This Year, This Cryptocurrency Is Exploding and Could Treat Investors for Years to Come
After losing more than 70% of its value in 2022, Polygon (CRYPTO: MATIC) is now up more than 90% since the start of 2023. While this rise is likely due to a rally sweeping through the entire cryptocurrency asset class, there is reason to believe that Polygon still has plenty of room to run in the coming years.
Despite 2022 shredding its price, Polygon actually had one of the more successful years compared to its peers. As the result of a multitude of new partnerships with companies looking to tap into the potential of blockchain technology, Polygon's market cap jumped into the top 10 most valuable cryptocurrencies.
Companies like Meta Platforms, Disney, Starbucks, Coca-Cola, and JPMorgan all announced varying forms of partnerships with Polygon in 2022 as they looked to develop new business models utilizing the potential of blockchain technology.
Source Fool.com