If you are currently on the lookout for a cryptocurrency token that might have recorded handsome gains over an extended period of time then it might be top to look into MATIC.
The crypto token that has been created by the Polygon Network (MATIC) and in recent times has rallied on the back of rising demand. The demand has been sparked by the continued demand among investors for layer 2 scaling projects that can help Decentralized Finance.
The demand for the protocol is understandable as well. The protocol offered by MATIC is particularly attractive because it not only has lower transaction costs than Ethereum but also manages to attract a higher number of users.
Yesterday, MATIC went on another strong rally and managed to hit a new record of $0.9459 per token. The previous lifetime high that had been hit by MATIC had been $0.92. It now remains to be seen if it can maintain the momentum over the weekend.