MATIC token, the token of the Matic network blockchain scalability network, increased by more than 175 percent in the past month. However, a very similar trend can be noticed in other Binance exchange IEOs while Matic has been quite busy with the latest developments and partnerships as we reported previously in our altcoin news.
The MATIC token ranked 54th by market capitalization and it remained unchanged in the past day. it also increased by 55 percent in a week and by 175% in a month. It was also trading sideways for most of November and it even made a small rally on November 22. Matic increased from $0137 to the highest price in the last quarter of $0.0427 yesterday (December 8).
When we take a closer look at other IEOs, we can see that Fetch.
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AI, dropped on November 16 but quickly after on November 25 rallied after the few days of climbing. Matic had a lot of fluctuations over the previous month but it appreciated in total of about 60%. Elrond (ERD) increased by 28 percent in the past seven days and 33 percent in the previous month with a smaller decline on November 22 and a larger one on November 25.
The price of Harmony for example also appreciated by 38 percent in one week and 31 percent in a month. It also increased in November shortly after while Celer Network followed by increasing 5.6 percent in a week but 23 percent in a month. On the other hand, Band Protocol increased 17 percent but later dropped 10 percent in a month. The Matic token seems to have a lot of activity that was noticed on GitHub when the network launched Counter Stake which is an incentivized public validator network that tests the staking process with a 3 million token reward pool.
Battle Racers, which is also an arcade-style racing game announced that it will be switching to a Matic network sidechain and will use the network’s layer 2 scaling solution with early access that went live in November 25th. Finally, Chain Guardians, another popular game built on the Matic network, held a limited sale event and teamed up with Blockade Games joining the developer platform as a blockchain partner for game developers in early 2020.
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