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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Why Is Ethereum-Based Polygon Buoyant Today?

Polygon MATIC (Organization)

Polygon (CRYPTO: MATIC) traded 10% higher at $1.59 over 24 hours leading up to late night Tuesday.

Polygon, In Numbers: 

  • 24-Hour Performance: 10.5%
  • 7-Day Performance: -23.3%
  • 30-Day Performance: -44.7%
  • YTD Performance: -38.2%

Why It’s Moving? On Tuesday, Ryan Wyatt, head of gaming at Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) video streaming platform YouTube said that he will be leading Polygon Studios, which has the mandate to develop a Polygon-based entertainment ecosystem.

Co-founder of Polygon Sandeep Nailwal commented on Wyatt’s joining Polygon Studios and said “Let that sync in!”MATIC, the Ethereum (CRYPTO: ETH)-based token associated with the blockchain scalability platform, was seen trending on CoinMarketCap at press time.

See Also: How To Buy Polygon (MATIC)

Polygon Chatter: Polygon Studios tweeted “Always gamers first” in a Twitter thread that touched on Wyatt’s appointment as CEO.

Read Next: Edward Snowden, Nayib Bukele And Others Reacts To IMF Wanting El Salvador To Drop Bitcoin: 'Somebody Sounds Nervous'

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