After the recent SOL rally, Polygon’s MATIC has also spiked over 18% in the past 24 hours, breaking the $1 mark.
According to market data from Coinmarketcap, the MATIC price has surged from $0.88 to the current $1.05, up nearly 20% in the past 24 hours. The trading volume for MATIC has also spiked by more than 170% during the period.
The surge in price has not been attributed to any major announcement by the Polygon team. However, the pump has come after the recent buzz around prominent investor Mark Cuban sending $2.56 million worth of MATIC to Coinbase on December 16.
Also Read: Telcoin Drops 40% Following Polygon Wallet Implementation Bug
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