After rising as much as 5% over the previous 24 hours, Polygon (MATIC) is crawling out of its long-term bearish slump and is currently changing hands at a price of $0.5554. When the seven-day forecast is seen in the proper context, the present outlook also indicates Polygon is on a roll.
The recent relationship between Polygon and Casio electronics maker, which is about to introduce its legendary G-Shock watch and pass on the Layer 2 scaling solution, is a major factor in the company’s revival. Innovators will be able to enter a special Discord channel for the project with the creator pass.
Users may begin claiming the approximately 15,000 NFT-based G-Shock creator passes starting on September 23. G-Shock NFT passes are distributed in phases, and Casio customers having the company’s Casio ID can participate in the predistribution phase from September 23 to September 26 and the NFT distribution phase from September 26 to September 29.
The company picked Polygon as its preferred chain because, as Casio pointed out, simplicity and inclusiveness are the primary objectives of the G-Shock NFT passes.
Polygon’s growing ecosystem
Due to its expanding ecosystem, Polygon is poised for further upward trend in the foreseeable future. More organisations entering the larger Web3.0 ecosystem to introduce their NFT engagement passes have embraced Polygon during the past year.
With Polygon’s acceptance, the demand for MATIC is set to increase in the near future, pushing the price higher. The fact that Polygon is selling at a price that is 81% below its all-time high (ATH) suggests that it is more likely to be able to handle the ecosystem’s inevitable development because to its extensive network of relationships.
