Polygon eyes record high as MATIC’s 150% price rally activates

A recent price rally in the market of Polygon’s native MATIC token pushed its prices above $1.56 for the first time in more than two months.

The MATIC/USDT exchange rate rose 20.65% in just two days to reclaim its June 17 high. Traders raised their bids for the pair after Polygon announced that it would create a decentralized autonomous organization (DAO) for its community members while focusing specifically on the booming decentralized finance (DeFi) space.

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