Interest per week
Interest per year
Matic Network is one of the promising crypto projects that was launched on the Binance Launchpad in early 2019. Currently ranked 78 on CoinMarketCap, it demonstrated a rise of over 23 percent earlier today. Crypto Twitter is turning bullish, hoping to see a higher rise later.
MATIC surges 27 percent on CoinMarketCap
At the time of writing the article, Matic shows a price rise of over 27 percent. The coin started the year modestly, exchanging hands in January at about $0.0150. Now it is trading at $0.0266.
Traders are watching the price carefully, amazed by the sudden growth of the coin.
Tokens moving to Coinbase
On March 3, the Matic team addressed the community on Twitter, saying that it was going to start testing Coinbase Custody. Matic now has an account on this San-Francisco-based crypto trading giant and on March 4, the Matic Network plans to move 2 percent of its tokens there to make the initial deposit and test the service.
In the comment thread, the community showed their bullish take on the MATIC price, expecting the coin to start surging. Some assumed it would perhaps reach $1 on the news.
Indian crypto ban lifted
Earlier today, news spread about the Indian Supreme Court lifting the Indian cryptocurrency ban implemented by the central bank RBI back in 2018.
This news was received by the Twitter community with enthusiasm. As for Matic, their team also touched on the subject, mentioning the event as a bullish sign for their token.
The tweet says that multiple dev teams in India are interested in working with the Matic Network. The team says that around 80%-90% of dapps being made in India at the moment are integrated with Matic.
Now that the ban has been lifted, the Matic team expects more dev teams and businesses from India to join the network.