polygon MATIC/USD was among the top three cryptocurrency gainers according to the platform on Thursday announced high profile partnerships With JP Morgan JPM and Metaplatforms Inc‘s META Instagram.

What happened: MATIC is up 200% since its bottom on June 19th CoinMarketCap. The altcoin is up 15.65% in the last 24 hours and is trading at $1.09 at the time of writing.

See Next: Has Polygon (MATIC) come to stay?

The daily chart depicts MATIC’s cup and handle pattern, which occurs when there is a downward wave followed by stabilization and a big rise. According to Cointelegraph, the token is now awaiting a decisive breakout to reach $2.89, a 175% surge to its all-time high.

Polygon also outperformed early last month ether ETH/USD by a large lead in the number of unique addresses. Corresponding polygon daily, The number of unique addresses holding Polygon surpassed 13 million while Ethereum added 6.8 million users.

price action: The Apex Crypto Bitcoin BTC/USD At the time of writing, Ethereum was trading at $20,311.69, down 0.08%, and Ethereum at $1,542.09, down 0.71% Data from Benzinga Pro.

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