By CCN: The cryptocurrency market has been awash in bearish sentiment on Monday, with Bitcoin failing to maintain the $8,000 mark and most of the other top 20 coins moving in a sideways or downward trend. Nonetheless, one lesser-known crypto token isn’t intimidated by the market gloom, and it took advantage of one concrete announcement and one wild rumor to surge more than 75% in a single day. Ethereum Scaling Project Rallies More Than 75% Matic Network, a blockchain project aimed at scaling Ethereum, rose as much as 76% to $0.32 on the day. Shortly before 16:00 ET, the cryptocurrency
The post This Coinbase-Backed Cryptocurrency Surged 75% in a Single Day appeared first on CCN
* First published on ccn.com
