Recent MATIC price pump.

MATIC is up over 75% in less that a month, hitting $2.20 today.

But why the increase? There are 3 factors that could be influencing this recent rally.

1. On December 9th it will be hosting the zk Summit. The event is a forum for discussion of zk scaling, a proofing algorithm that promises to be the future of blockchain computing.

The zk proofing mechanism stands for 'zero knowledge'. With this consensus mechanism, transactions are sent to a third party for verification. However, the third party doesn’t have access to the exact information it is verifying. It combines the benefits of third-party validation with an added layer of security, seeing as the third party doesn’t have full access to the data.

1. An increase in active users and wallets. MATIC had seen a steady increases of users on the network, currently at an all time high of 282,760.

2. Ecosystem Expansion and the addition of new protocols to the polygon network, most notably Idex, who recently announced Idex v3 will launch on the polygon network.

In recent times project launches from NFT projects like OpenBeSea and gaming and DeFi projects like Rainmaker games, harvest finance and jarvis network.

What are tour thoughts on MATIC? Are you bullish, do you hold a bag?

Be good to see what you guys think as I don't see it often in this sub