Bitcoin has fallen 38% in Might, from $57,858 to its present worth of $35,868. Different main cash together with ethereum and cardano have additionally fallen steeply amid chaos sparked by a Chinese language crackdown and Elon Musk. One coin has bucked the pattern, nevertheless, rising by almost 10,000% since January. Polygon, previously referred to as Matic, was price $0.01 on January 1, it’s now price virtually $2.
Polygon (MATIC) has gained one hundred pc prior to now seven days and outperformed each main cryptocurrency – sparking rising consideration.
Billionaire entrepreneur Mark Cuban despatched Polygon an undisclosed funding this week, throwing extra of the highlight on the upstart crypto.
The cryptocurrency has been built-in with Google BigQuery, permitting builders to analyse knowledge on its blockchain in a extra easy method.
The worth of Polygon is up greater than 9,535 % since January 2021.
Polygon co-founder Sandeep Nailwal advised CoinDesk this week: “We now have spoken to many traders however the dialogue with Mark Cuban was really mind-blowing.”
This week the Polygon group Tweeted: “Mark Cuban is among the most prolific and insightful traders with investments in high startups and he’s additionally one of many Sharks on ABC Shark Tank.
“We’re proud to share that Polygon is now a part of the Mark Cuban firm portfolio!”
The group behind Polygon mentioned: “We carried out and supplied Matic Plasma Chains, a production-ready Ethereum Layer2, predicates-based Plasma implementation.
“We carried out and supplied Matic PoS Chain, a permissionless, EVM-compatible, PoS-secured Ethereum sidechain which depends on sturdy Ethereum safety for validator staking and checkpoints.
“We onboarded 80 plus wonderful functions, together with Polymarket, Aavegotchi, Neon District, Skyweaver, Cometh, EasyFi with extra being added on daily basis.”