The downward trend in MATIC price has stopped as Google Cloud joins the Polygon network cryptoforbs

Google Cloud, the popular cloud computing service offered by Google, has made an important step by becoming a validation tool ribbed Network (MATIC).

This collaboration aims to enhance the security of the Polygon Proof-of-Stake (PoS) network, as Google Cloud uses its infrastructure, which supports popular platforms such as YouTube and Gmail, to contribute to the integrity of the network.

Google Cloud enhances the security of Polygon’s network

Polygon Labs, the team behind the Polygon Protocol, recently Announce That Google Cloud has joined their suite of verification tools. This move brings Google Cloud on board with more than 100 validators responsible for verifying Layer 2 transactions Ethereum ETH network provided by Polygon.

In a statement shared on

According to the announcement, by joining forces with more than 100 other verifiers, Google Cloud is adding to the collective efforts to secure the Polygon PoS network.

Including reputable, security-focused validators like Google Cloud provides an additional layer of trust for users of the Heimdall, Bor, and Polygon PoS ecosystem.

Cooperation between Google Cloud Polygon Labs extends beyond the auditor partnership. It is described as an ongoing strategic collaboration, indicating a long-term commitment to promoting the adoption and development of Web3 technologies.

As part of their joint efforts, Google Cloud APAC Released A YouTube video titled “Polygon Labs is solving the future of Web3 for everyone,” further confirming their shared vision for a decentralized web. The Google Cloud team also stated the following:

Is there an easier way to build and grow Web3 products? That’s the mission of Polygon Labs, and with the help of Google Cloud, we’re one step closer to turning this vision into reality. We now work as a validator on the Polygon PoS network, contributing to the network’s collective security, governance, and decentralization alongside over 100 other validators.

Overall, the participation of Google Cloud, a prominent player in the cloud computing industry, as a validator on the Polygon network brings more credibility and expertise to the ecosystem.

This collaboration is expected to enhance the overall security and reliability of the Polygon network infrastructure, benefiting users who rely on the platform to conduct smooth and efficient blockchain transactions.

MATIC breaks out of 3-month downtrend

Polygon’s native cryptocurrency, Maticsuccessfully broke a 3-month downtrend that pushed the token to reach a yearly low of $0.5040 on Wednesday.

However, over the past 24 hours, there has been a noticeable recovery in MATIC’s price, seeing a 1.7% rise and currently trading at $0.5240.

This upward movement is also supported by the compressed momentum indicator, which broke the downtrend pattern, indicating the start of the recovery phase for MATIC since Friday.

It is important to note that MATIC’s ADX is showing a bearish rise, which indicates low volatility and a neutral battle between bullish and bearish forces in the cryptocurrency market.

Looking ahead, MATIC faces hurdles around the $0.5442 area, which it failed to clear on September 21. Conversely, if the uptrend continues, the next important hurdle lies at $0.5951 before it reaches the $0.6000 level, which has not been achieved since late August.

The sustainability of MATIC’s uptrend and its ability to strive towards the yearly high of $1,569, reached in February, remains uncertain and will require further monitoring.