Why Crypto Polygon Jumped Again on Friday
Cryptocurrency Polygon (CRYPTO: MATIC) charged sharply higher Friday, jumping as much as 14.9%. As of 5:36 p.m. ET, the token has gained 10.6% over the preceding 24 hours. This marked a sharp contrast to many high-profile cryptocurrencies, many of which were in the red.
Several pieces of positive news, pointing to greater expansion and utility, helped fuel the cryptocurrency's rise.
21Shares, an issuer of crypto exchange-traded products (ETPs), announced that it would list the first product tied to the performance of Polygon on Euronext exchanges in both Paris and Amsterdam. The ETP will track Polygon's MATIC token.
Source Fool.com
