Google Cloud has joined the Polygon blockchain as a proof-of-stake validator, staking 25,391 MATIC tokens at a current value of $14,340. The validator node has a 98.7% performance index score. Google Cloud has also added Polygon Mainnet and 10 other blockchains to BigQuery, enabling users to ask questions and compare answers across multiple chains at once.
Despite underperforming in 2023, the CoinCodex price prediction algorithm expects MATIC to form a bottom during the recent re-test of the $0.50 support, with a multi-month recovery now being forecasted. Within a year, the MATIC price is expected to form a new all-time high above $3, marking a 441% price increase from the current level.
Google Cloud's decision to run a Polygon validator reflects the blockchain's strong positioning within the world of Web3. Polygon is the most valuable layer-2 in the Ethereum ecosystem by total market cap, and its recent developments could see it grow even further. Strategic partnerships between Polygon and major global companies such as Google Cloud could also serve it well, helping to secure the network infrastructure and potentially leading to major bullish price action for the native MATIC token.
Despite underperforming in 2023, the CoinCodex price prediction algorithm expects MATIC to form a bottom during the recent re-test of the $0.50 support, with a multi-month recovery now being forecasted. Within a year, the MATIC price is expected to form a new all-time high above $3, marking a 441% price increase from the current level.
Google Cloud's decision to run a Polygon validator reflects the blockchain's strong positioning within the world of Web3. Polygon is the most valuable layer-2 in the Ethereum ecosystem by total market cap, and its recent developments could see it grow even further. Strategic partnerships between Polygon and major global companies such as Google Cloud could also serve it well, helping to secure the network infrastructure and potentially leading to major bullish price action for the native MATIC token.