77th Ranked MATIC is 9th most traded coin, beating out BNB, ADA & XLM

21 May, 2019 | Updated: 21 May, 2019
by Ryan Boltman
Analysis
77th Ranked MATIC is 9th most traded coin, beating out BNB, ADA & XLM

MATIC has seen one of the most impressive pumps in 2019 so far, hitting over 1,000% in gains over the course of May. The pump has been so surreal, it sees the overall trading volume of MATIC overtake the some of the top altcoins.

The recent MATIC pump saw the cryptocurrency climb out of obscurity as one of the worst performing IEO's on Binance Launchpad, to become one of the most successful IEOs on Binance. 

MATIC climbed into the top 100 following the recent price surge, and has seen over $600 million in trading volume over the last twenty four hours. The incredible trading volume has beaten out top 10 coins such as Binance Coin, Cardano, and Stellar. MATIC currently ranks as the 9th highest volume traded coin in the market, with several top 10 coins beating it out including EOS, Bitcoin Cash, Litecoin and Ripple. 

The MATIC pump brings back a brief reminder of how fast and high altcoins can pump during a bull market, and also gives more evidence that perhaps the market is in fact in some sort of bull market, with multiple other high supply tokens also seeing similar price moves. 

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