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MATIC: After Rising 150%, Can Polygon Double Your Money Again?

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The Polygon blockchain’s native cryptocurrency, MATIC, spiked nearly 150% in a month. It went from a low of $0.29 to a high of $0.75, delivering stellar returns to investors. MATIC is now hovering around the $0.71 mark on Wednesday and has remained in the green for nearly five days straight. Investors more than doubled their money in just 30 days, and the altcoin is among the top-performing cryptocurrencies this month. Also Read: Ripple XRP Outperforms Bitcoin, Solana: $3.40 Soon? Source: Coingecko The altcoin is attracting bullish sentiments as investors are now looking at crossing the $1 threshold. MATIC reached an all-time high of $2.92 in December 2021 and has been unable to reclaim its lost glory for three years. Despite the recent spike in price, it is still down nearly 75% from its ATH. So, will Polygon’s MATIC rise another 100% from here and be at the top during the ongoing bull market? Let’s find out! Also Read: Vechain Skyrockets 35% Today: VET To Reach $1 Ne...

Uniswap is Closing in On Polygon zkEVM Launch

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Uniswap is set to launch on Polygon ’s ( MATIC ) zero-knowledge Ethereum Virtual Machine (zkEVM). Uniswap holders have until 4:42 pm GMT, April 14, to vote on the proposal. However, the proposal has reached its 40 million vote threshold, currently at 42.4 million. It is interesting to note that no single member has voted against the proposal yet.   The proposal received a majority vote from all 191 Ethereum addresses. With almost 7 million votes apiece, the Ethereum infrastructure provider ConsenSys and the financial modeling platform Gauntlet took the top two spots in the voting. Polygon Business Development Lead Jack Melnick wrote the proposal. Melnick explained that this is the right moment for Uniswap V3 to be available on Polygon’s zkEVM, as it is equivalent to EVM. There would be no need to recompile EVM smart contracts. What are the advantages of Uniswap being on Polygon zkEVM? According to Melnick, the integration will offer off-chain transactions validation and qui...