Despite positive developments, why Polygon [MATIC] still has a long way to go
Polygon (MATIC) has dropped by more than 60% from its record high of $2.92 that was established on 27 December, 2021. Polygon’s extremely bearish outlook emerged amid a broader crypto market correction in 2022. More losses could be a concern to make things worse for the token.
Needless to say, the network needs some new exciting development to trigger a price rally.
Polygon released a redesigned version of NFT Minter that lets anyone create NFTs with custom utilities and pay zero gas fees. Over the next few weeks, Polygon’s team would unveil single minting API, adding batch support and launching Unity SDK integration. The new NFT Minter came with a number of functionalities, including a choice between ERC-721 and ERC-1155 standards, Soulbound, and regular NFTs.
<p lang=«und» dir=«ltr» xml:lang=«und»>#onPolygon Read more on ambcrypto.com
![Litecoin [LTC] traders must consider this before entering a position](https://fvbb.com/storage/thumbs_400/img/2022/6/9/28286_ebjr.jpg)
