MATIC token reached a new record high of $2.18 on the 18th of May amid the ongoing decline among top cryptocurrencies. The token topped the new all-time high on both Cointelegraph Markets Pro and Trading View. At press time, MATIC has further surged to $2.26. Data compiled by CoinmarketCap shows that the cryptocurrency has gained more than 38% in the last 24 hours. In the same period, MATIC’s 24-hour trading volume has climbed more than 47%.
The new high came a day after the crypto exchange Kraken listed the cryptocurrency. However, MATIC had been rising ahead of its Kraken listing. With the new record high, MATIC token is now the 17th largest cryptocurrency by market cap.
MATIC’s price performance appears to be a consolation to investors who have suffered losses as Bitcoin recorded its highest loss in recent times. All top 10 cryptocurrencies, except XRP, also declined. XRP is currently up 5.44% to $1.54. Bitcoin, on the other hand, is currently down $1.19 to $43,140. The king coin has traded as low as $42,207 in the last 24 hours.
Prominent trader Scott Melker commented on MATIC price gain in a tweet. He said:
“MATIC is singlehandedly trying to save my portfolio.”
Other altcoins also saw significant gains over the past 24 hours, including Synthetix Network Token (SNX) which added 21% and Telcoin’s (TEL) 17% increase.
Image Credits: Pixabay
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