According to CoinMarketCap data, MATIC token is up 12% in the last 24 hours at the present price of $2.57 and up 60.4% since December started. MATIC seems to benefit from its foray into NFTs and the launch of its burn mechanism.
Polygon’s native asset, MATIC, is journeying its way back to all-time highs after finding a foothold around $2 on Dec. 20. MATIC attained record highs of $2.82 in May.
Recently, MG Motor India, the maker of Hector and Gloster SUVs, announced the launch of its NFT collection using Polygon’s network. The carmaker plans to sell 1,111 NFTs, including GIFs and static images.
