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Decoding reasons behind MATIC’s latest price surge
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Over the last week, MATIC has been trying to post positive gains. Even though the bears have the upper hand, the momentum is not entirely in favor of the sellers.
Notably, MATIC was 0.39% down within the past one hour of press time. However, it was still 5.61% up in the last seven days.
Well, the driving force behind this surge might be the launch of Polygon’s latest Bridge for Gnosis Safe.
Source: CoinMarketCap
MATIC’s surge was not out of the blue, as upgrades in a network are often followed by a price hike. The additional capabilities that the Bridge for Gnosis Safe brought helped the coin gain upward momentum.
<p lang=«en» dir=«ltr» xml:lang=«en»>Introducing Gnosis Bridge—Polygon PoS Bridge for @GnosisSafe users.Transfer your high-value assets from Ethereum to #Polygon where you can save on gas without compromising security.
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