Polygon price forecast: how far can MATIC go after Disney collaboration

on Jul 14, 2022
  • Polygon is one of the six projects selected to be accepted into the Disney Accelerator Program.
  • Polygon (MATIC) saw an increase in its value by 11% in the last 24 hours.
  • Its trading volume also spiked by 106% throughout the same span of time.

Polygon (MATIC/USD) is an Ethereum scaling infrastructure solution aimed at giving developers access to an easier way through which they can develop custom solutions.

One of its key components is the Polygon SDK, and through the usage of Polygon, users can create optimistic rollup chains, ZK rollup chains, and stand-alone chains.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

The Disney Accelerator Program’s participation as a catalyst for growth

The Layer2- scaling platform, Polygon, has been selected to essentially participate in Disney’s Accelerator Program, where it will utilize Polygon’s Web3 technology.

According to a statement by The Walt Disney Company, published on July 13, 2022, Polygon is one of six projects selected to be accepted into the program, which is focused on augmented reality (AR), artificial intelligence (AI) and non-fungible tokens (NFTs).

Furthermore, the CEO of Polygon, Ryan Wyatt, said that Polygon was “the only blockchain selected” for Disney’s Accelerator program.

This led to an increased interest in the MATIC token, as well as an increase in its overall value.

Should you buy Polygon (MATIC)?

On July 14, 2022, Polygon (MATIC) had a value of $0.6229.

To get a better perspective as to what kind of value point this represents for the MATIC cryptocurrency, we will be going over its ATH, as well as its performance throughout the previous month. 

The all-time high of the Polygon (MATIC) cryptocurrency was on December 27, 2021, when the token reached a value of $2.92.

When we go over the performance of the token throughout the previous month, Polygon (MATIC) had its highest point of value on June 1 at $0.6679.

Its lowest point of value, however, was on June 18, when the cryptocurrency decreased to $0.3244.

Here, we can see that the cryptocurrency decreased in value by $0.3435 or by 51%.

However, from June 18 to July 14, the cryptocurrency increased in value by $0.2985 or by 92%.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
  2. Capital.com, simple, easy to use and regulated. Register here >

*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.