MAT (Matchain) fell 41.76% in 24 hours.

Gate News Bot news, June 26, according to CoinMarketCap data, as of the time of writing, MAT (Matchain) is currently priced at $0.56, down 41.76% in the last 24 hours, with a high of $6.67 and a low of $0.54. The current market capitalization is approximately $4.0649 million, a decrease of about $2.9142 million from yesterday. MAT is currently ranked 1395th in market capitalization among Crypto Assets.

The current fall is mainly driven by the following factors:

1. MAT token has just been released The MAT token of the Matchain project has recently launched in the market, and as a newly listed coin, it has experienced significant price fluctuations. Early investors taking profits and the market’s lack of understanding of the project may lead to a sharp correction in the short term.

2. Insufficient market liquidity The current market capitalization of MAT is only $4.0649 million, ranking low with relatively small trading volume. Limited market depth may amplify price fluctuations, leading to severe volatility in the short term.

3. Lack of substantial positive support Currently, the Matchain project lacks significant progress or positive news support. Against the backdrop of cautious sentiment in the overall Crypto Assets market, investors are more inclined to avoid risk, leading to downward pressure on MAT prices.

From a technical perspective, the MAT price quickly fell from a 24-hour high of $6.67 to $0.56, with a decline of over 90%, indicating strong selling pressure. In the short term, it may need to consolidate at lower levels to find support.

This message is not intended as investment advice; investors should be aware of market volatility risks.