Rise of Matic

Rise of MATIC

The price of Matic is rising. How can we understand it? Is it a long-term trend or a temporary phase?

MATIC is the native token of the Polygon network, a blockchain that many solid projects use, starting with Sophie.fi. But beyond that, serious web3 teams that professionally benchmark blockchains all consider Polygon, even if they may make a different choice.

Polygon also launched its Ethereum layer 2 in the first semester, based on the latest technologies known as Zero Knowledge Proof.

So yes, in the crypto world, memes and narratives play an important role for those who want to speculate day by day, but at Sophie, we believe that fundamentals eventually prevail, and it would be imprudent to neglect them.

In addition to these fundamentals, MATIC has experienced an impressive 22% increase, surpassing the $1 mark for the first time since April.

Is it just a small wave in a volatile market or a longer-term trend? Yes, the price has gone up, but equally significant is the number of new active MATIC addresses, which has reached a two-year high. This reflects growing adoption and interest in the Polygon ecosystem.

So no, we do not advise you to put all your savings or all your cryptos into MATIC, but it seems reasonable to have a portion of your crypto portfolio invested in MATIC.