3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week
MATIC, the native cryptocurrency of Polygon, rose by over 35% in the past week due to three reasons. Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap.There are several big reasons behind the strong uptrend of MATIC, including the growing hype around Polygon, Google BigQuery announcement, and Mark Cuban's investment.MATIC 1-day candle chart (Binance). Source: TradingView.comGrowing sentiment and hype around PolygonOn Feb. 9, Matic first announced its plans to rebrand to Polygon. At the....
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MATIC has spiked by as much as 6% today with the crypto landscape having an optimistic vibe the entire week. MATIC looking positive with a surge of 6% Polygon performance improves following announcement of Robinhood’s support for Polygon transactions Around 18 million MATIC transactions made after Robinhood partnership announcement Polygon (MATIC) is dubbed to be the top performer when pitted against the top 20 cryptos in terms of market capitalization as seen in the past three months. In fact, MATIC was able to beef up its value by 6% in just 24 hours which means it has outperformed the....
Polygon was up by nearly 20% to start the week, as the token rallied to its highest level since May. Today’s surge comes as crypto markets were mostly in the green, with avalanche also hitting multi-week highs, and as of writing, is up by over 10% on the day.
Polygon (MATIC)
Polygon (MATIC) was one of the most notable gainers in crypto markets on Monday, as prices rose by nearly 20%.
Following a low of $0.7464 on Sunday, MATIC/USD raced to an intraday high of $0.9269 to start the week.
This is the highest level the token has traded at since May 9,....
Polygon raced to a three-week high during today’s session, as bullish sentiment returned to cryptocurrency markets. Chainlink was also in the green, as the token surged for a second straight day, rising by almost 10% in the process. Overall, the global crypto market cap is up 3.06% as of writing. Polygon (MATIC) Polygon (MATIC) was one of Tuesday’s big movers, as the token climbed to a three-week high following yesterday’s false breakout. MATIC/USD started the weekend trading at a low of $0.7548, which was marginally below its floor of $0.7690. However, as bullish....
MATIC’s price loses its $1 support as the price trades to a region of $0.8. MATIC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. MATIC’s price remains weak across all timeframes as the price trades slightly below the 50 and 200 Exponential Moving Averages (EMA). In the last two days, the crypto market has been erratic with the price of many altcoins, including Polygon (MATIC), battling for survival. Previous weeks saw the price of Polygon (MATIC) outperform Bitcoin (BTC). Most altcoins....
Steady adoption and internal growth back MATIC’s 118% gain, even as most altcoins struggle to hold on to their short-term gains. Unlike bull markets where traders can basically throw a dart at a list of coins to pick one that will go up, bear markets require much more effort to find projects that could perform well over the long-run.One project that has continued to show signs of mainstream adoption despite the onset of a crypto winter is Polygon (MATIC), a layer-two scaling solution for the Ethereum (ETH) network that is looking to build a sustainable Web3 infrastructure on the top smart....