Polygon (MATIC) Among Top Performers, Can It Sustain The Rally?
Popular Ethereum Layer 2 token MATIC has climbed up over 17% in the last day, Polygon (MATIC) force on chart and on-chain.
MATIC's price jumped from the previous day's low of $0.816 to a local high of above $1, the price succeeded in breaking through the $1 barrier setting at $113.
MATIC had fallen for five days in a row beginning on October 2nd it has recently seen a remarkable uptick due to several positive developments Meta supporting NFTs on Instagram leveraging Polygon was the main catalyst for the social media platform's newest Web3 integration comes amid fierce competition from TikTok and YouTube.
The live Polygon price today is $1.11 with a 24-hour trading volume of $1,600,096,675. Polygon is up 15.61% in the last 24 hours. The current CoinMarketCap ranking is #11, with a live market cap of $9,734,228,910. It has a circulating supply of 8,734,317,475 MATIC coins and a max. supply of 10,000,000,000 MATIC coins.
Polygon Price Statistics the MATIC price change in 24 hours is $0.9267 of 15.15% with 0.95% Market dominance.
MATIC's 7-day low is $0.8403 and the 7-day high is $1.15 with 24551.85% Polygon ROI.
MATIC rallies with high volume as price breaks above $1 after a while as bulls signal $1.3.
MATIC price on a graph and chain indicates how it has had a fair share of the bear market and would continue to bloom.
The past week has seen many altcoins continue to produce over 200% gains over the one week of breaking out of their range-bound movement as many believe more hope could be set into the crypto space once more.
The new week has looked a bit skeptical but things are beginning to shape up and looking more promising for some altcoins. the MATIC price hasn't lagged either as it aims to rally higher holding off sell orders at a region at $0.85.
MATIC has a great struggle to pull off a rally that has left many in euphoria drawing the attention it had from investors traders and partnership deals.