Why Polygon's MATIC Token Surged on Tuesday

Cryptocurrency Polygon (CRYPTO: MATIC) charged sharply higher Tuesday, surging as much as 19.2%. As of 12:50 p.m., the token was still up 9.9% over the past 24 hours.

There were several catalysts that helped fuel the cryptocurrency's rise.

Polygon announced in a press release that it entered into a strategic partnership with Wanchain "that will drive further adoption of Layer 2 cross-chain bridges and accelerate the development of interoperable blockchain technology as a whole." 

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Source Fool.com