Polygon MATIC is Pumping 16% and Why You Should Buy This Hot Polygon Based Game Token

Polygon (MATIC) has pumped more than 17% in the last 24 hours. At the time of writing, this token was trading at $1.13, according to CoinGecko. MATIC is now up by over 25% in the past week.

MATIC pumps 16% today

The broader cryptocurrency market has gained nearly 2% today, and this bullish sentiment has positively impacted most tokens. MATIC’s gains have surpassed those of Bitcoin and the majority of large-cap cryptos.

MATIC has traded between $0.93 and $1.14 in the last 24 hours, indicating mild volatility. MATIC has reported trading volumes of more than $1.84 billion in the past day, which is a healthy volume.

After the recent gains, MATIC’s market cap has ballooned, now standing at over $10 billion, making it the 11th largest cryptocurrency.

Despite the impressive rally that has pumped MATIC’s prices, the Relative Strength Index (RSI) does not show the possibility of a reversal in the short term, as the indicator is in a neutral zone. This shows that the price will continue consolidating at the current price.

If the price rally continues, MATIC will likely break past $1.15, and a rally to $2 is likely if buying pressure continues. On the other hand, it is also possible that MATIC will drop to $0.75 in the short term if bearish pressure is high.

Polygon NFTs on Instagram

Instagram users could soon start creating and selling non-fungible tokens (NFTs) on the Polygon blockchain. In an announcement on November 2, Meta said that it would test out these NFT features with select creators in the US before expanding the feature to other countries.

Meta wants to release an end-to-end toolkit that will allow creators on Instagram to design and launch NFTs. The toolkit will initially support Polygon NFTs, with plans to support other blockchains in the future.

This game token on Polygon could rally 10x

Calvaria is a crypto games platform on the Polygon blockchain, and it has been attracting a lot of attention from investors. The Calvaria presale has managed to raise more than 1,350,000 USDT and is already in the fourth stage. The presale will have ten stages, with the price increasing gradually with each stage.

Calvaria is a digital card game with player-vs-player features. The game allows players to battle against each other using trading cards in the form of NFTs. The Calvaria blockchain game has a play-to-earn and a free version.

The RIA token powers the Calvaria ecosystem. The Calvaria whitepaper says that the token will be used for governance purposes by allowing users to vote on decisions about the project. Users can stake RIA to earn crypto rewards or use it to buy items within the game.

The project also comprises another token known as eRIA (earned RIA). The token will be distributed among players within the game and can also be used to buy other items to offer in-game benefits within the Calvaria store.

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