Polygon (MATIC) Price Continues to Struggle, Sotheby’s NFTs to The Rescue?
MATIC price has slid below $0.90 for the first since January 10. This week, the Polygon (MATIC) network has witnessed a flurry of new joiners.
The crypto market meltdown on May 5 saw Polygon’s ( MATIC ) price slide below $0.90 for the first time since January. But Sotheby’s recent global NFT product launch appears to be rekindling investor interest across the network. Is this enough to validate a bullish MATIC price prediction?
On May 1, 2023, Sotheybys, one of the world’s largest brokers of fine art and collectibles, announced the decision to launch an NFT marketplace on Polygon (MATIC) network and Ethereum.
The product launch will enable crypto investors to conduct peer-to-peer secondary NFT artwork sales.
Barely a week after Sotheby’s NFT launch , Polygon is already witnessing growing demand and attracting new users. Here’s how this could propel MATIC’s price out of its current bearish trend.