MATIC burst into the top 10 in terms of trading volume amid tenfold …

MATIC breaks into the top 10 by trading volume amid tenfold gains in a week and a half

The proprietary token of the Matic Network project, which held an initial exchange offering (IEO) at the end of last month on the Binance Launchpad platform, after a relatively unremarkable start, has been surprising for the last days.

IN the present time MATIC traded at the level of $ 0.038, adding to its cost for the last day about 81%. May 10 per 1 MATIC gave $ 0.0038.

With a capitalization of $ 83 million, MATIC ranks 72nd among of all assets on market. Together with themes, by volume trades, according to CoinMarketCap data, token rose on the ninth line, being more demanded, than, for example, Binance Coin or Stellar. It should be noted that 99% of this volume focused on Binance.

Selected users link the current MATIC pump to the actions of market makers seeking to maximize the tokens listed on Binance Launchpad attractive ahead of IEO Harmony Protocol, which will take place on May 28.

Indeed, in the last days relative lulls in the market cryptocurrencies on general the background is highlighted by projects that conducted IEO on Binance Launchpad, in Tom including BitTorrent, Fetch.AI and Celer, which gained 25-30% per day. And even Gifto, taking advantage of lunchpad services exchanges the year before last year, today increased by 53%.

About current successes their does not get tired of reminding the wards CEO Binance Changpen Zhao.

MATIC burst into the top 10 in terms of trading volume amid tenfold ...

Also, users continue to speculate about opportunities listing MATIC on Coinbase. Recall that one of investors the crypto project became the venture division of the American crypto exchange.