A once-overlooked altcoin hit the headlines in 2021 after shooting into the top 10.
In early 2021, Ethereum-based Polygon (MATIC) asset ranked 113th with a price of $ 0.019 and a market cap of $ 96.12 million.
Since then, Polygon has risen more than 11,200% to a high of $ 2.45 and a market cap of $ 15.08 billion, and now ranks 13th according to CoinMarketCap.
In the past month, the crypto asset has more than quintupled, hitting a new all-time high of $ 2.45 last week.
Billionaire Mark Cuban is refueling the summit and says that he has now invested in the project. Polygon was added on the Cuban website Tuesday to confirm its investment.
“Mark Cuban is one of the most productive and insightful investors with investments in top startups and one of the sharks in the ABC Shark Tank. We are proud to announce that Polygon is now part of the Mark Cuban corporate portfolio. “
After revealing his investment, the asset rose more than 30% and reclaimed its price over $ 2.
Polygon (formerly Matic Network) is a multi-scaling solution for the Ethereum network that enables interoperability between blockchains. It is designed to enable faster, cheaper transactions using Layer 2 technology.
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Featured image: Shutterstock / Roman3dArt