Popular cryptocurrency enthusiast and billionaire entrepreneur, Mark Cuban has emphasized his crypto stance by publicly declaring his support for Ethereum-based scaling solution, Polygon (formerly Matic).
Mark Cuban, who has recently been very active in the crypto space has invested in Polygon. Noting that he is a user of the Ethereum-based scaling solution and enjoy using the blockchain protocol.
In addition to investing in Polygon, Mark Cuban portfolio company, Lazy.com, which allows people to easily display non-fungible tokens (NFTs). Would integrate the Layer 2 scaling solution into his platform.
🔥 @mcuban is one of the most prolific and insightful investors with investments in top startups and he is also one of the Sharks on @ABCSharkTank.
🙌🏻 We're proud to share that @0xPolygon is now part of the Mark Cuban company portfolio!
🌐 Visit: https://t.co/RZg0oIomFS
— Polygon (previously Matic) (@0xPolygon) May 25, 2021
Cuban’s investment in Polygon has been received with delight in the crypto space. Experts has described it as an indication that major investors are trooping into the crypto space. Sandeep Nailwal, Polygon’s Chief Operations Officer while expressing his excitement with the integration, said his discussion with Cuban was “truly mind-blowing.”
“It was so spectacular to know that the nuances of the industry, the tech and adoption we had figured out after months of grind. He was already thinking about those and had those questions in mind,” he stated.
Polygon’s MATIC Remarkable Growth
As a result of Mark Cuban support for the Ethereum-based scaling solution and increasing partnership it recently secured. Polygon’s native token has rallied by 89% in the last two weeks.
The price of Polygon’s native token rose not long after the Layer 2 scaling solution surged in popularity, integrating with numerous decentralized finance (DeFi) applications.
However, at the time of publication, MATIC price dropped by 6.9% and was trading at $2.11. It currently has a market cap of $13,062,225,552 and a 24-hour trading volume of $6,836,650,821.
The token has a circulating supply of 6.2 billion MATIC coins and a max supply of 10 billion. Binance is also the current most active market trading it.
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