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Matic drops 16% even after it's listed on the Google platform

Matic drops 16% even after it’s listed on the Google platform

The Polygon blockchain community last Friday (28) celebrated its listing on Google BigQuery. But the price Matic, The network’s local currency, is down 16% in the past 24 hours after the event.

Matic It is a currency that has attracted the attention of many cryptocurrency investors around the world in recent months. It was launched in 2019, and spent years worthless, due to controversy over its launch, which ended up in the community’s mistrust.

In January 2021, Matic was still worth $ 0.1 in the market, but then everything started to change. With the market for NFTs and DeFi gaining significant visibility, the coin network began to be used to create innovations, driving the price up by 13.650%, until the last day of May 18, when it was quoted at $ 13,75, the current asset record.

The market correction came in strong, bringing Matic’s price to $ 4.40 on May 23. Despite the recovery, when it reached $ 12.56 on the 26th, the currency weakened again.

Matic’s price is down 16% after being listed on Google’s BigQuery platform

a Matic announcedLast Friday (28), network integration with Google BigQuery solution. This Google solution allows for real-time analysis of data from blockchains by its users, such as transaction fee costs, most popular tokens, and more.

“We look forward to learning how Polygon’s vibrant developer community is using GoogleCloudTech and #BigQuery to further benefit from Dapps!”

Thus, Matic analysis began alongside Bitcoin, Bitcoin Cash, Dogecoin, Dash, Zcash, Ethereum, and Litecoin. The announcement has been awaited by the community, which has raised the currency’s price in recent weeks.

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Despite this, Matic’s price is down 16%, even with the new promising listing of the coin linked to the Ethereum ecosystem. As a solution to bring more scalability to the ETH blockchain, Matic continues to advance its technology, with support from Binance and Coinbase.