MATIC is up by 123x YTD, Inches Closer to the Top 10 on Coinmarketcap
The virtual asset of MATIC has won by means of a factor of 123x because the starting of 2021MATIC rebranded to Polygon and is on its method against turning into a top 10 digital asset in phrases of market capMark Cuban has additionally invested in Polygon (MATIC) that is now listed on his company website
The digital asset of Polygon (MATIC) has greater in value through an element of 123x since the yr began.
On January 1st, MATIC used to be buying and selling at more or less $0.01784. at the time of writing, the similar MATIC is trading at $2.20 signifying a growth in value price 123.3x or a return on investment of 12,231%. The chart below courtesy of Coinmarketcap provides a visual cue of MATIC’s outstanding price growth for the reason that starting of the 12 months.
MATIC Rebrands to Polygon
To be aware is that MATIC rebranded to Polygon (MATIC) in early February in what the group explained as an evolution to include new goals of ‘extending the scope of the Matic platform in a bid to radically change it into the swiss-military-knife of Ethereum scaling and infrastructure construction’.
The rebranding also coincided with the crypto-wide bull run that saw Bitcoin double in value from $32k in early January, to an all-time prime of $SIXTY FOUR,863 set in mid-April.
Mark Cuban Invests in Polygon (MATIC)
The Cost expansion of MATIC and the developments considering that rebranding to Polygon to increase Ethereum’s functionality have led to Mark Cuban making an investment within the venture.
The team at Polygon made public Mark Cuban’s funding within the mission throughout the following Tweet.
? @mcuban is one of essentially the most prolific and insightful buyers with investments in top startups and he is also one among the Sharks on @ABCSharkTank.
?? We Are proud to share that @0xPolygon is now a part of the Mark Cuban corporate portfolio!
? Discuss With: https://t.co/RZg0oIomFS
— Polygon (up to now Matic) (@0xPolygon) Might 25, 2021
Polygon (MATIC) is On a Path Against Becoming a Most Sensible 10 Digital Asset
As earlier mentioned, MATIC is these days trading at $2.20 and looks set to retest the $2.70 all-time top set earlier this month, however provided that Bitcoin provides a strong environment.
In addition, the spectacular expansion of Polygon (MATIC) in the crypto markets, has assisted the virtual asset in emerging up the ranks in phrases of marketplace capitalization as observed within the screenshot below courtesy of Coinmarketcap.com. Also from the screenshot, it could actually be observed that MATIC has edged out crypto heavyweights comparable to Chainlink, Litecoin, and Solana, on its path towards becoming the 13th most respected digital asset in the crypto-verse.
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