Why Polygon's MATIC Is Up Over 60% This Week

Polygon (MATIC) has skyrocketed more than any other cryptocurrency this week.

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According to CoinMarketCap, MATIC has gained over 60% in the past seven days.

Polygon's price is being driven upward by a few factors. The biggest news is that it has been selected for Disney's accelerator program.

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Moreover, the market as a whole has posted gains, surpassing the $1 trillion mark for the first time since mid-June.

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Disney's 2022 accelerator program selected Polygon as one of six companies. Disney focused this year on augmented reality, non-fungible tokens (NFTs), and artificial intelligence.

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A number of projects from Terra have been attracted to Polygon. Millions of dollars were allocated by Polygon Studios to help projects re-establish themselves.

DeFi Llama now has 275 protocols on its network, and the total cash deposited has increased over 10% in the past week, according to the company.

So this is the main reason Why Polygon's MATIC Is Up Over 60% This Week and others do not.

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So this was all about it, I hope you enjoyed it. Signing off!

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