Polygon (MATIC) Flying Big: What’s The Trigger?

Over the course of the past few days, there has been a bit of a bloodbath in the crypto market and most of the prominent tokens have recorded considerable losses.

However, there have been some crypto tokens that have managed to buck the trend and actually recorded gains. One of those MATIC, which is part of the Polygon network and considering the performance that it has delivered, it could be a good idea for investors as well as traders to track it at this point.

There was a massive selloff in the market on May 18 but MATIC managed to stay on the positive side against both Bitcoin and Ethereum, the two biggest cryptocurrencies in the world by market cap. Eventually, it hit a market cap of $14 billion and climbed to the 14th spot in the world. It is now going to be interesting to see if MATIC can continue on its way over the weekend.