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

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

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.

Polygon's price jump

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

Polygon's price jump

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. 

Disney's accelerator program

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.

The continued growth of ecosystem

 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.

The continued growth of ecosystem

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

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