(Sharecast News) - The short-term rally that the cryptocurrency market is experiencing, days before the very important meetings of the market with the central banks of Europe and the US, is revealing a little-known protagonist for most investors. The MATIC token of the blockchain Polygon rose 60% in the last week, thanks to a combination of factors that put it in the spotlight of market participants.
With a price hovering around $0.90, the Ethereum layer two blockchain 'altcoin' is not even among CoinMarketCap's top 10 tokens by market capitalization. Its current value is still far from the all-time high at nearly $3 in December last year, but experts believe its bull run is targeting a minimum of $1 because of the remarkable attention Polygon is receiving.
The MATIC network is a protocol to increase the scalability of the Ethereum blockchain and add new use cases. Polygon works through a sidechain that connects to Ethereum allowing for further processing, they explained from...
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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...