Polygon's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polygon's (CRYPTO: MATIC) price has risen 3.59% in the last 24 hours, reaching $0.84, and has seen a 10% increase over the past week. The coin's all-time high is $2.92. Trading volume has surged by 71%, and the circulating supply has grown by 0.21% to 9.28 billion, which is 92.83% of the max supply. MATIC's market cap is currently ranked #16 at $7.76 billion.
December 06, 2023 | 7:00 pm
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POSITIVE IMPACT
Polygon's (MATIC) price has increased by 3.59% to $0.84, continuing a positive trend with a 10% gain over the past week. The trading volume has increased significantly by 71%, and the circulating supply is nearing its maximum.
The positive price movement and increased trading volume indicate strong investor interest and market momentum for Polygon, which could lead to further short-term gains. The near-max circulating supply suggests a maturing asset, potentially reducing future inflationary pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100