PolygonMATIC/USD was among the top three cryptocurrency gainers on Thursday, after the platformannounced high-profile partnershipswithJPMorganJPM andMeta Platforms Inc'sMETA Instagram.
What Happened: MATIC is up by 200% since its lowest point on June 19, according toCoinMarketCap.The altcoin has gained 15.65% in the last 24 hours, trading at $1.09 at the time of writing.
See Next:Is Polygon (MATIC) Here to Stay?
The daily chart shows MATIC's cup-and-handle pattern, which occurs when there is a downward wave followed by stabilization and a major rise. The token is now eyeing a decisive breakout to reach $2.89, a 175% rise to its all-time high, as per Cointelegraph.
Earlier last month, Polygon also outperformedEthereumETH/USD by a huge margin in the number of unique addresses. According toPolygon Daily,the number of unique addresses holding Polygon crossed 13 million, whereas Ethereum added 6.8 million users.
Price Action: The apex cryptoBitcoinBTC/USD was trading at $20,311.69, down 0.08%, and Ethereum at $1,542.09, down 0.71%, at the time of writing, according todata from Benzinga Pro.
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