MATIC has recovered to $0.80 for first time since July
MATIC has recovered to $0.80 for the first time since July, thanks to robust whale activity and accumulation, according to Santiment.
📈 With #altcoin milestones continuing to fire off, #Polygon has steadily risen back to $0.80 and increased its market cap by +54% in just 3 weeks. And in the past 2 weeks, the key wallets holding 100K-10M $MATIC have supported this rise by accumulating. https://t.co/i7lMmBgRbX pic.twitter.com/dWGXJ8CzOK— Santiment (@santimentfeed) November 9, 2023
Santiment observes that Polygon's large wallets holding 100,000 to 10 million MATIC have accumulated in the last two weeks, supporting MATIC's recent increase.
If MATIC closes in the green today, it will be the sixth consecutive day of advances since Nov. 3. Today's trading session saw intraday highs of $0.839 before a small retracement.
Since Oct. 24, wallets containing 100,000 to 10 million MATIC have accumulated 42.88 million coins, according to Santiment.
Polygon announces collaboration with NEAR
When finished, a zkWasm prover will provide additional customization for developers working with the Polygon CDK (Chain Development Kit).
The zkWasm prover will be a new runtime that generates zero-knowledge proofs proving the native Wasm runtime execution is valid, resulting in greater scalability and decentralization.
This advancement may move the Near protocol closer to Ethereum, allowing Wasm networks to access Ethereum liquidity.
NEAR Foundation now joins Polygon Labs as a core contributor to the Polygon CDK (Chain Development Kit), expanding developer options for building custom blockchains.