MATIC Moves to 10-Month High, ATOM Extends Recent Gains – Market Updates Bitcoin News
As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
The cryptocurrency market is seeing a wave of positive momentum with MATIC and ATOM being two of the leading gainers. MATIC has moved to a 10-month high while ATOM has extended its recent gains.
Matic Network (MATIC) is a layer-2 scaling solution for Ethereum that utilizes a sidechain to facilitate faster and cheaper transactions. The token has been on a tear in the past few weeks, rising from around $0.025 to its current price of around $0.095. This marks a 10-month high for the token and a 270% increase from its lows.
The surge in MATIC’s price has been driven by the news that the project is partnering with various companies to bring its technology to the mainstream. The partnership with Chainlink will enable MATIC to provide a secure, reliable and cost-effective solution for decentralized finance (DeFi) applications. Additionally, the partnership with Polygon will enable MATIC to leverage Polygon’s layer-2 scaling infrastructure to expand its reach.
The other major gainer in the cryptocurrency market is ATOM, the native token of the Cosmos blockchain. The token has seen a steady rise in the past few days, rising from around $9.50 to its current price of around $13.50. This marks an increase of 42% from its lows and a new all-time high for the token.
The surge in ATOM’s price has been driven by the news that the project is launching its new decentralized exchange, Atomic Swap. The exchange will allow users to trade cryptocurrencies without the need for a third-party intermediary. Additionally, the project is also launching its staking platform, which will enable users to earn rewards for staking ATOM tokens.
Overall, the cryptocurrency market is seeing a wave of positive momentum with MATIC and ATOM being two of the leading gainers. The surge in their prices is a testament to their growing popularity and potential to revolutionize the cryptocurrency industry. With more projects launching and partnerships being formed, it is likely that the positive momentum will continue in the near future.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
Source link
