MATIC (Matic Network) as Large-cap Ethereum based Token is 101 in 2100NEWS ranking. MATIC has a below-average quality of the order book. The average quality of the order book for large caps members of NWSL100 index is 9.4. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind when you create a buying list to go into the crypto world.
Barely three and a half months ago Matic Network (MATIC) started listing. Now the token is listed in 13 exchanges.
MATIC as Large-cap Ethereum based Token is 101 in 2100NEWS ranking (after Index Review of 2nd August 2019). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100
MATIC has a slightly below-average quality of the order book mark 9.3. (The average for large caps members of NWSL100 index is 9.4.)
Over the past week, the average market cap was 32.9 million $, average daily volume was 52.2 million $.
To make appropriate peers comparison we gauged the Matic Network (MATIC) token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the original MATIC price, in the middle of the chart is MATIC vs. NWSL100, at the bottom of the chart are NWSL100 and correlation between MATIC and NWSL100. On average, the relationship between MATIC and NWSL100 has remained similar since mid-May. However, the correlation graph gives us an explanation that exists periods when the MATIC was moving in the same direction as the NWSL100 (positive correlation) and the periods when it was moving in the opposite direction as the NWSL100. Since the beginning of August MATIC has reported gains vs. NWSL100.