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MATICUSD

Polygon / US Dollar

Industry

digital currency

Polygon believes in Web3 for all. Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.

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Polygon (CRYPTO: MATIC) has seen a 4.23% decrease in price over the last 24 hours, continuing a negative trend with a 3.0% loss over the past week. The trading volume for MATIC has increased by 13.0%, and its circulating supply has risen by 0.05% to over 9.28 billion, representing 92.83% of its max supply. Currently, MATIC's market cap ranks #20 at $8.12 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:03 pm

Polygon (CRYPTO: MATIC) has seen a price increase of 3.83% in the last 24 hours, reaching $0.94, despite a week-long negative trend. The coin's all-time high is $2.92. Trading volume has decreased by 16% over the past week, and the circulating supply has slightly dropped, bringing the market cap ranking to #20 at $8.78 billion.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:03 pm

MadFi, the team behind BONSAI, a memecoin, has raised $1 million in an angel round to support its growth on the Lens Protocol, a decentralized social media platform. BONSAI, launched in March 2024 and initially distributed via airdrop to Lens users, has become the platform's primary currency, facilitating content monetization and user engagement. The coin's valuation has reached nearly $100 million. The funding round saw participation from crypto investment firms and notable figures like Robert Leshner and Sandeep Nailwal. MadFi plans to use the funds to develop 'Open Actions' to enhance creator monetization on Lens.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 6:52 pm

Mark Cuban's crypto portfolio, heavily invested in AI and NFTs, reflects his belief that AI will mint the world's first trillionaire. His top holdings include Artificial Liquid Intelligence (ALI), SuperRare (RARE), Optimism (OP), Polygon (MATIC), and a modest amount in Ethereum (ETH), with notable gains in Catcoin and SuperRare.

Portfolio Pulse from Khyathi Dalal

April 05, 2024 | 12:57 pm

A CoinGecko report highlights meme coins as the most profitable crypto narrative in Q1 2024, with a 1312.6% average price increase. New tokens like BRETT and BOME saw significant gains, while AI and DeFi narratives also experienced growth. Established Layer 2 solutions like Arbitrum, Polygon, and Optimism underperformed against newcomers Stacks and Mantle.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 9:31 pm

Federal Reserve Chair Jerome Powell stated the Fed is not in a rush to cut interest rates despite the latest PCE report showing inflation rose in February. The report aligns with the Fed's expectations, and Powell emphasized rate cuts would occur when inflation is on track to hit the 2% goal. The crypto prediction market Polymarket has seen increased bets on a rate cut by June, influenced by recent inflation data.

Portfolio Pulse from Chris Katje

March 29, 2024 | 4:55 pm

Polygon's (CRYPTO: MATIC) price has decreased by 3.8% in the last 24 hours, now at $1.0, despite a 2.0% gain over the past week. Trading volume has decreased by 16.0%, while the circulating supply increased by 0.39% to 9.28 billion, representing 92.83% of its max supply. MATIC's market cap ranking is now #19 at $9.35 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 7:02 pm

Donald Trump's cryptocurrency portfolio has increased by over $218,000 in 24 hours, mainly due to an 8% rise in MAGA Memecoin (TRUMP). The portfolio, now valued at $5.3 million, includes top assets like MAGA Memecoin, Wrapped Ethereum (WETH), Ethereum (ETH), BABYTRUMP, and Polygon (MATIC). This increase is significant as Trump faces a $354 million fine and political challenges.

Portfolio Pulse from Murtuza Merchant

March 20, 2024 | 8:27 pm

Investors and analysts are anticipating the Federal Reserve's potential rate cuts in 2024, with the FOMC meetings being closely watched. The Fed hinted at three rate cuts for 2024, adjusting from an initial four due to higher inflation. Goldman Sachs economist Alec Phillips predicts these cuts in June, September, and December. The crypto prediction market Polymarket has over $3.1 million wagered on the timing of these cuts, with a majority betting on a cut by June 12.

Portfolio Pulse from Chris Katje

March 19, 2024 | 4:54 pm

Polygon (CRYPTO: MATIC) has seen a 5.88% decrease in price over the last 24 hours, continuing a negative trend with a 15% loss over the past week. The trading volume and circulating supply have also decreased, with the current market cap ranking at #18.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 7:02 pm

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