Polygon's Price Increased More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polygon's (CRYPTO: MATIC) price has surged 7.59% in the last 24 hours, reaching $1.26, with an 18% increase over the past week from $1.06. The coin's all-time high is $2.92. Trading volume has decreased by 46% over the past week, while the circulating supply has risen 1.16% to over 9.28 billion, making up 92.83% of its max supply. MATIC's market cap ranks #16 at $11.82 billion.
March 13, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Polygon (MATIC) has seen a significant price increase of 7.59% in the last 24 hours, reaching $1.26, with an overall 18% increase over the past week. The trading volume has decreased by 46%, while the circulating supply has increased by 1.16% to over 9.28 billion.
The significant price increase of Polygon (MATIC) over the past 24 hours and week indicates strong market momentum and investor interest, likely leading to a positive short-term impact on its price. The decrease in trading volume might suggest a consolidation phase after the recent price surge, while the increase in circulating supply could have a dilutive effect. However, the overall market cap ranking improvement to #16 reflects a strong market position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100