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Matic's Price Drops 20% Despite Mainnet Launch

Ramsey Baker

Summary: Matic Network (MATIC), the decentralized application (Dapp) platform, officially launched its mainnet after two and a half years of development and surprisingly saw prices fall. Despite the company releasing the first phase of its mainnet rollout on Monday, the MATIC has watched its prices drop by about 20% in 48 hours. The crash initially saw ...

Matic Network (MATIC), the decentralized application (Dapp) platform, officially launched its mainnet after two and a half years of development and surprisingly saw prices fall.

Despite the company releasing the first phase of its mainnet rollout on Monday, the MATIC has watched its prices drop by about 20% in 48 hours. The crash initially saw MATIC fall by 30% but the token has since rebounded by 8%.

By Ramsey Baker

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