MATIC cryptocurrency surged 18% in 24 hours, breaking the $1 mark, driven by Mark Cuban’s $2.56 million transaction and bullish technical analysis.
Large MATIC holders accumulated 55 million tokens, indicating positive market trends, while price targets range from $1.15 to $1.52.
MATIC, the native cryptocurrency of the Polygon network, has had a remarkable price increase of more than 18% in the last day, surpassing $1. MATIC’s price has surged from $0.88 to its current valuation of $1.05 due to this unanticipated rally, representing a stunning 20% increase during the stated period.
The notable investment of well-known investor Mark Cuban in MATIC is the source of this increase. Cuban sent $2.56 million worth of MATIC to Coinbase, a cryptocurrency exchange, on December 16. Although the Polygon team hasn’t made an official statement linking Cuban’s involvement to the price spike, it’s clear that his activities have created a lot of talk and interest in the cryptocurrency indust
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