MATIC, the native token for the Polygon network continues to react differently to the market turmoil. This is coming after the coin’s price dropped to a multi-year low of $0.31 in mid-June owing to a plethora of headwinds that have rocked the crypto market in the past eight months.
The wave, which is by far one of the largest among crypto-assets has sparked a lot of interest in the layer-2 network, causing investors to flock to purchase the cryptocurrency.
What Happened?
Last week, Coinbase, the largest crypto exchange in the United States by trading volume rolled out Polygon support for Ethereum, MATIC, and USDC transfers. According to the announcement, the move was compelled by the need to lower the high fees that come with transacting on Ethereum as well as the need to increase cross-bridge transfers.
“Coinbase customers can convert their fiat to ETH, MATIC, and USDC and fund their Polygon wallet at a fraction of the cost and time, making it simple to explore more of web3.” The...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...