12-03-2021, 05:41 AM
Recent MATIC price pump.
<!-- SC_OFF --><div class="md"><p>MATIC is up over 75% in less that a month, hitting $2.20 today.</p> <p>But why the increase? There are 3 factors that could be influencing this recent rally. </p> <ol> <li>On December 9th it will be hosting the zk Summit. The event is a forum for discussion of zk scaling, a proofing algorithm that promises to be the future of blockchain computing.</li> </ol> <p>The zk proofing mechanism stands for 'zero knowledge'. With this consensus mechanism, transactions are sent to a third party for verification. However, the third party doesn’t have access to the exact information it is verifying. It combines the benefits of third-party validation with an added layer of security, seeing as the third party doesn’t have full access to the data.</p> <ol> <li><p>An increase in active users and wallets. MATIC had seen a steady increases of users on the network, currently at an all time high of 282,760.</p></li> <li><p>Ecosystem Expansion and the addition of new protocols to the polygon network, most notably Idex, who recently announced Idex v3 will launch on the polygon network. </p></li> </ol> <p>In recent times project launches from NFT projects like OpenBeSea and gaming and DeFi projects like Rainmaker games, harvest finance and jarvis network. </p> <p>What are tour thoughts on MATIC? Are you bullish, do you hold a bag? </p> <p>Be good to see what you guys think as I don't see it often in this sub</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dmack080288"> /u/dmack080288 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7l0fg/recent_matic_price_pump/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7l0fg/recent_matic_price_pump/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>MATIC is up over 75% in less that a month, hitting $2.20 today.</p> <p>But why the increase? There are 3 factors that could be influencing this recent rally. </p> <ol> <li>On December 9th it will be hosting the zk Summit. The event is a forum for discussion of zk scaling, a proofing algorithm that promises to be the future of blockchain computing.</li> </ol> <p>The zk proofing mechanism stands for 'zero knowledge'. With this consensus mechanism, transactions are sent to a third party for verification. However, the third party doesn’t have access to the exact information it is verifying. It combines the benefits of third-party validation with an added layer of security, seeing as the third party doesn’t have full access to the data.</p> <ol> <li><p>An increase in active users and wallets. MATIC had seen a steady increases of users on the network, currently at an all time high of 282,760.</p></li> <li><p>Ecosystem Expansion and the addition of new protocols to the polygon network, most notably Idex, who recently announced Idex v3 will launch on the polygon network. </p></li> </ol> <p>In recent times project launches from NFT projects like OpenBeSea and gaming and DeFi projects like Rainmaker games, harvest finance and jarvis network. </p> <p>What are tour thoughts on MATIC? Are you bullish, do you hold a bag? </p> <p>Be good to see what you guys think as I don't see it often in this sub</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dmack080288"> /u/dmack080288 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7l0fg/recent_matic_price_pump/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7l0fg/recent_matic_price_pump/">[comments]</a></span>Kind Regards R