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Why Is Ethereum-Based Polygon Buoyant Today?

Benzinga logo Benzinga 1/26/2022 Shivdeep Dhaliwal
© Provided by Benzinga Polygon (CRYPTO: MATIC) traded 10% higher at $1.59 over 24 hours leading up to late night Tuesday.

Polygon, In Numbers: 

24-Hour Performance: 10.5% 7-Day Performance: -23.3% 30-Day Performance: -44.7% YTD Performance:

Video: South Korea's Metaverse Property Boom (QuickTake)

-38.2%

Why It’s Moving? On Tuesday, Ryan Wyatt, head of gaming at Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) video streaming platform YouTube said that he will be leading Polygon Studios, which has the mandate to develop a Polygon-based entertainment ecosystem.

Co-founder of Polygon Sandeep Nailwal commented on Wyatt’s joining Polygon Studios and said “Let that sync in!”MATIC, the Ethereum (CRYPTO: ETH)-based token associated with the blockchain scalability platform, was seen trending on CoinMarketCap at press time.

See Also: How To Buy Polygon (MATIC)

Polygon Chatter: Polygon Studios tweeted “Always gamers first” in a Twitter thread that touched on Wyatt’s appointment as CEO.

Read Next: Edward Snowden, Nayib Bukele And Others Reacts To IMF Wanting El Salvador To Drop Bitcoin: 'Somebody Sounds Nervous'

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