Express

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

Last Update:

Tags: ,,,
Link: Matic's Price Drops 20% Despite Mainnet Launch   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 15 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 19 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 22 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 26 days ago
  • You need to login to comment.