Matic Network (MATIC) crypto token surges on Binance, Coinbase listing in… – Dapp Life


On May 17, Matic Network cryptocurrency token has surged by more than 70 percent against Bitcoin in the last 24 hours on the Binance exchange. What’s even more interesting that the trading volume is above 14,280 BTC’s. Compare that to the Litecoin’s trading volume just shy above 5,800 BTC’s on the same exchange, and you get the picture.

At the time of reporting, it is unclear what are the key reasons driving such a tremendous growth. Although it’s highly speculative, but one of the main reasons could be a recently announced integration of Matic’s Plasma and PoS sidechain network with the Decentraland ecosystem and the fact that the token is funded by Coinbase Ventures. As it’s usually the case, asset price is starting to go up before a major announcement, which in this case, might be a listing on the Coinbase platform.

Speculations aside, there is still room for growth. According to traders, Matic Network’s, led by the co-founder and CEO Jaynti Kanani, trading pair MATIC/BTC could climb up as high as 0.00000220 – 0.00000230 BTC

matic-network-btc-chart
MATIC/BTC chart by TradingView

At press time, Matic Network token is trading at $0.013622 with a tremendous trading volume of $168,384,038 USD, according to the data from Coinmarketcap. Of course, nothing is set in stone yet, and we’ll have to wait for an official announcement (if any) from either Coinbase or Matic Network, before we know more.

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