Ethereum Layer-2 Token Surges 12%, Shrugging Off Mark Cuban’s Moves, As Price Tops $1: Analyst Foresees Polygon ‘On The Verge Of A Breakout’
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Benzinga
Benzinga
Polygon’s native token, MATIC (CRYPTO: MATIC), has recorded an increase of 12% in the last 24 hours, outperforming cryptocurrencies, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which both experienced a decline of 2% each at the time of reporting. What Happened: This momentum for MATIC came to the attention of big investors, colloquially known as “whales,†who have been accumulating cryptocurrency. Analytical data from IntoTheBlock indicates a more than 25% increase in the holdings of MATIC by whales — entities with holdings valued between $100,000 and $1 million — over the past month. Th…
