Why Did Polygon (MATIC) Rise?

 Polygon (MATIC), which is ranked 17th among the most valuable cryptocurrencies by market value, has gained close to 10 percent in the last 24 hours. So why did Polygon (MATIC) rise?

Why Did Polygon (MATIC) Rise?

We know that the crypto money market has been going through a very difficult process lately. However, there are also altcoins that are rising in this market environment. Polygon (MATIC), which has gained close to 10 percent in the last 24 hours, was one of them. Looking at the latest situation in the general framework, the crypto money market has started to recover. Polygon (MATIC), which ranks 17th among the most valuable cryptocurrencies by market value, received doping from Disney.

Let's take a look at Disney's move that made Polygon rise.

Disney Accelerator, a program to support innovative companies, has chosen the Ethereum Layer-2 solution Polygon as one of the six companies it will support. To elaborate, according to a recent announcement by Disney, Polygon will be supported to develop new technologies within augmented reality (AR), NFTs and artificial intelligence (AI).

Polygon showed an increase of 9.9 percent during the day and 18 percent in a week.

Finally, let's mention that Polygon (MATIC), which is ranked 17th on CoinGecko, was traded at $ 0.619393 at the time of writing.