Cryptocurrency

Polygon

Chainlink

Coin

<ul class="news-points"> 
 <li>MATIC flipped LINK’s market price as its price gained over 8% within 24 hours.</li> 
 <li>The token’s strong correlation with ETH also impacted the price increase.&nbsp;</li> 
 <li>A break above $0.91 could lead MATIC to another 10% increase.</li> 
</ul> 
The price of <a href="https://coinedition.com/5-altcoins-to-watch-next-week-uni-vet-sushi-matic-band-lead-the-charge/">Polygon (MATIC)</a> surged by 8.10% in the last 24 hours, as many altcoins rallied to new yearly highs. At press time, MATIC’s price was $0.90, according to data from <a href="https://coinmarketcap.com/currencies/polygon/" target="_blank" rel="nofollow">CoinMarketCap</a>.&nbsp; 
But before reversing to the said value, MATIC’s price hit $0.93 on January 11. As a result of the increase, the Polygon market cap flipped <a href="https://coinedition.com/chainlink-link-and-shiba-inu-shib-fall-while-pushd-pushd-launches-its-presale/">Chainlink (LINK)</a> to become the 13th most valuable project in the market at the time of press.&nbsp; 
However, LINK’s price also increased within the same timeframe, however, MATIC’s run was harder. At the time of writing, Chainlink’s market cap was $8.37 billion while Polygon’s market cap was $8.55 billion. 
<h2 class="wp-block-heading" id="h-matic-shines-follows-eth">MATIC Shines, Follows ETH</h2> 
The rise of MATIC could be linked to several factors. But the most important of them was the rising interest in the Polygon Proof-of-Stake (PoS) ecosystem.&nbsp; 
For instance, on January 9, crypto <a href="https://twitter.com/TheCryptoLark/status/1744803805429191017?s=20" target="_blank" rel="nofollow">analyst</a> Lark Davis…
The post <a href="https://coinedition.com/matic-rides-high-becomes-13th-most-valuable-cryptocurrency/">MATIC Rides High, Becomes 13th Most Valuable Cryptocurrency</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

MATIC Rides High, Becomes 13th Most Valuable Cryptocurrency

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