MATIC token hit a record high of $2.18, despite the continuing decline of top cryptocurrencies. The token reached a new record high of $2.18 on Trading View and Cointelegraph Markets Pro. MATIC’s price has risen to $2.26 at press time. CoinmarketCap data shows that MATIC has seen a 38% increase in 24 hours. MATIC’s 24-hour trading volume has increased by more than 47% in the same time frame.
This new high was achieved just one day after Kraken, a crypto exchange listed the cryptocurrency. MATIC was rising even before Kraken’s listing. MATIC token now ranks 17th in cryptocurrency market capital, surpassing its previous record.
MATIC’s price performance seems to be a consolation for investors who have lost money in the past, when Bitcoin suffered its largest loss in recent years. All 10 top cryptocurrencies except XRP also fell. XRP is up 5.44% to $1.54 at the moment. Bitcoin is down $1.19 to $43,140, however. In the last 24 hours, Bitcoin has fallen as low as $42,207.
Scott Melker, a prominent trader, commented on MATIC price gains in a Tweet. He stated:
“MATIC is trying to save my portfolio by itself.”
Other altcoins saw significant gains in the last 24 hours as well, such as Synthetix Network Token(SNX), which gained 21%, and Telcoin (TEL), 17%.