Polygon’s MATIC Token Up 40% Amid Crypto Rebound

Polygon’s MATIC Token Up 40% Amid Crypto Rebound
As cryptocurrencies continued to recover Tuesday from last weekend’s massive sell-off, Ethereum scaling solution Polygon was among the biggest gainers.MATIC, the native token of the Polygon blockchain, surged from $1.79 on Monday morning to $2.50 over the ensuing 24 hours, a nearly 40% gain. At the time of publication, the price had since dipped to $2.32.The increase occurred as more users have become aware of Polygon’s lower costs and greater efficiency and scalability. Speculation has also mounted over what the firm has called an “exciting announcement,” scheduled for Dec. 9 at Polygon virtual “zk day.” The event will center around…