Polygon Price Soars by 3.97%, Currently at $0.58; Weekly Gain Over 6%
Polygon (MATIC) has seen a price increase of 3.97% in the past 24 hours, now priced at $0.58. Over the past week, the cryptocurrency has experienced a steady uptick of over 6.0%, rising from $0.54 to its current value. Currently, Polygon's all-time high stands at $2.92.
Price Movement and Volatility
Below is a chart comparing the price movement and volatility of Polygon over the past 24 hours (left) and the past week (right). The gray bands on the chart, known as Bollinger Bands, measure the volatility for both daily and weekly price movements. The wider these bands are, or the larger the gray area at any given moment, the larger the volatility.
Trading Volume and Circulating Supply
The trading volume for Polygon has dropped by 48.0% over the past week. Alongside this, the circulating supply of the coin has decreased by 0.02%, bringing the circulating supply to 9.28 billion. This amount makes up an estimated 92.83% of its maximum supply of 10.00 billion.
Market Cap Ranking
According to our data, the current market cap ranking for MATIC is #24, with a market cap of $5.33 billion.
Summary
In summary, Polygon has had a significant price increase recently and continues to show promise despite a drop in trading volume. The cryptocurrency maintains a strong circulation percentage of its maximum supply and holds a notable position in the market cap rankings.
Stay tuned for more updates on Polygon and other cryptocurrencies!
This article is designed to help anyone understand recent trends in the Polygon cryptocurrency market. Whether you're new to crypto or an experienced trader, keeping updated helps in making informed decisions.
