MATIC Nears 3-Month High, as LINK Extends Recent Gains – Market Updates Bitcoin News
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The cryptocurrency market continues to show signs of optimism as MATIC nears a 3-month high and LINK extends its recent gains.
Matic Network (MATIC), one of the leading layer-2 scaling solutions, has been on an impressive run since the start of the year, and is now close to its 3-month high of $0.038. The coin has gained over 50% in the past week alone, and is currently trading at $0.036.
The surge in MATIC’s price is likely due to the growing demand for layer-2 scaling solutions, which are seen as a way to improve the scalability and speed of the Ethereum network. MATIC is one of the leading solutions in this space, and its price has been steadily increasing as more projects embrace layer-2 solutions.
Meanwhile, LINK, the native token of the Chainlink network, has also been performing well. LINK is currently trading at $22.71, up over 10% in the past 24 hours. This comes after the coin surged to a new all-time high of $25.50 earlier this week.
The recent rally in LINK is likely due to the growing demand for decentralized oracle solutions, which are needed to connect smart contracts to real-world data. Chainlink is one of the leading solutions in this space, and its price has been steadily increasing as more projects embrace its technology.
It remains to be seen if the recent rally in MATIC and LINK will be sustained, but the signs are encouraging. With the cryptocurrency market in a bullish mood, it looks like these two coins could continue to outperform in the near term.
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