Polygon (MATIC) hits another new all-time high of $2.92 and is now the 14th biggest cryptocurrency in the world by market value.
The new all-time high came just three hours ago.
Matic’s market cap reached $20,268,938,498 crossing top coins like Uniswap, BUSD, Crypto.com, Litecoin, and Chainlink on its way to the top ten. Matic’s market cap is just behind Shiba Inu with a very small margin. We hope that today Matic will cross SHIB to become the 13th largest crypto.
Ethereum whales were aggressively accumulating Matic in the last week as reported by TheCryptoBasic on December 24th. Ethereum Whales were buying Matic at a rapid pace this sharp buying suggested that a new all-time high above $2.73 was coming soon and the same happened today. MATIC also became the Ethereum whale’s top 10 holdings and top 10 purchased tokens over the last week.
Other than whales aggressive buying, Uniswap v3 launch on Polygon along with an opera announcement to integrate Polygon in its browser, with over 300 million users and Polygon bringing an upgrade to its network with a testnet release known as the Mumbai test network, that will introduce the burning of Matic and better fee visibility are the main cause of the Matic new all-time high.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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