Token highlights: Matic Network
Written by Indira on August 14, 2019
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.
According to Etherscan, there are 1,732 token holders (at the time of this article’s writing).
We agree with them that Decentralized Apps are making huge progress but the current blockchain ecosystem is not prepared to scale as per the demand. We all face slow block confirmations, high transaction fees, low scalability. They intend to simplify the interaction between users and the decentralized world and to solve the problems mentioned earlier. Some of their solutions are already working. According to the roadmap, they have already done a lot and will not rest for the next six months. They invest heavily in communications with the community. Their Telegram has 28,153 members.
About Matic Network – what they do
Matic provides scalable, secure and instant transactions using sidechains based on an adapted implementation of Plasma framework for asset security and a decentralized network of Proof-of-Stake (PoS) validators. In short, it allows anyone to create scalable DApps while ensuring a superior user experience in a secure and decentralized manner. It has a working implementation for Ethereum on Ropsten Testnet. Matic intends to support other blockchains in the future which will enable it to provide interoperability features alongside offering scalability to existing public blockchains.
Matic Network is based in Navi Mumbai, India. The core team is made up of Jaynti Kanani (Co-founder and CEO), Sandeep Nailwal (Co-founder and COO) and Anurag Arjun (Co-founder and COO).
Exchanges: Bilaxy, Binance, BiteBTC, BitForex, BitMax, Bitrabbit, Coinbit, Coinsuper, Dcoin, Hotbit, IDEX, TOKOK, WazirX
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The Crypto Highlights are considered the opinion of 2100News and the material is for informational purposes only and 2100News is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens MATIC.