MATIC price movement after Magic Eden integration and zkEVM progress as of November 22, 2022

The Magic Eden marketplace, one of the top cross-chain NFT marketplaces, integrates with the Polygon (MATIC/USD) network.

Polygon’s zkEVM has also crossed 14,000 transactions since its launch, indicating high network activity.

Polygon handles layer-2 scaling, a framework explicitly created to help developers build applications on top of the Ethereum (ETH/USD) network.

Magic Eden’s integration and Polygon zkEVM performance as catalysts for growth

As of November 22, 2022, Magic Eden will be integrated into the network, according to a recent announcement by Polygon (MATICstaff ) on their blog.

The main objective of this integration will be to hasten the development of blockchain-based games and the entry of major international brands into Web3.

Strategic intellectual property owners, top-tier game developers, and up-and-coming artists will all collaborate closely with Magic Eden.

Numerous partnerships, including those with industry heavyweights BORA by Kakao Games, IntellaX, nay, Boomland, Block Games, Planet Mojo, and Taunt Battleworld, have come to Magic Eden as a result of this collaboration.

Sandeep Nailwal, a co-founder of Polygon, posted an update on its zkEVM on November 21, 2022, announcing that it had reached 14,000 transactions without experiencing any downtime.

Should you buy Polygon (MATIC)?

On November 23, 2022, Polygon (MATIC) had a value of $0.8594.

MATIC/USD Chart by Tradingview.

On December 27, 2021, Polygon (MATIC) climbed to $2.92, marking an all-time high. Here, we can see that the token’s ATH value was $2.0606 (or 240%) higher.

When looking at Polygon’s (MATIC) seven-day performance, we can see that its low point of value was $0.779052, and its high point of value was $0.925292. Here, we see a $0.14624 (18%) difference in value.

The performance of Polygon (MATIC) over 24 hours had a low point at $0.794014, and a high point at $0.871899. The difference, in this case, is $0.077885, or 10%. Investors will be drawn to MATIC because, by the end of December 2022, it may reach $1.

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