At the close of the market this week seems to have witnessed a slightly alarming cryptocurrency price movement as Bitcoin (BTC) was unable to break the barrier level. This prompted most crypto assets to show less encouraging price movements.
Yet the opposite is true of this Polygon (Matic) crypto which shows a fierce price growth pattern resulting in more than 20% spikes almost reaching all -time highs.
As is well known that Matic has made several announcements that have stimulated the market namely the announcement of IDEX, the launch of NFT, increased interest of institutional investors and increased active users of Polygon and wallets. It seems that it did not stop there, Matic still made surprises until the price rose from the daily low trading value to $ 2.4.
Polygon has introduced a new open-source javascript to interact with its own bridge. Shortly after the announcement went live, the protocol’s original token jumped double digits to a six -month high.
The announcement informed that open-source javascript will provide APIs for deposits, withdrawals and other types of transfers on the Polygon network. This is the latest version of the V3 which operates as a "comprehensive upgrade over its predecessor," for use in a variety of applications. It aims to assist developers in creating and using applications seamlessly while ensuring that they can support different ecosystems.
Some of the enhanced features include support for Ethereum native tokens which is the latest development coming from the Ethereum L2 solution. Matic prices jumped more than 20% in the 24 hours after this announcement and have risen by 60% since November 28th.
